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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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387 W First St , Ocean Isle Beach, NC 28469
$4,685,000
Est. Payment: $24,142.77/mo
10 Bed
10 Bath
5390 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptional rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront saltwater pool and spa create a true resort experience, while the expansive outdoor entertaining area includes two gas grills, a 14-foot bar, outdoor kitchen, entertainment center, and low-maintenance artificial turf surrounded by mature palms. Beyond traditional vacation rentals, the property is frequently rented for weddings and events, creating an additional income opportunity. To support these events, the home conveys with a turnkey inventory including 80 wedding chairs, ten 60-inch round dining tables, six 30-inch cocktail tables, three 8-foot banquet tables, and rolling storage carts for easy setup and organization. Inside, guests are welcomed by panoramic Atlantic views from nearly every room. The chef's kitchen is equipped to handle large groups with premium appliances, including a side-by-side refrigerator and full-size freezer, dual sinks, double ovens, an 8-burner range, beverage station with ice maker, and generous prep space. Two laundry rooms further enhance functionality for high-occupancy rentals and extended stays. Expansive oceanfront decks capture both sunrise over the Atlantic and spectacular evening sunsets thanks to the home's coveted south-facing shoreline. A private beach walkover places the sand just steps from your backyard. For investors, North Carolina's coastal market continues to offer compelling advantages over many competing beach destinations. Lower property taxes and operating costs than many coastal markets, combined with strong vacation demand and favorable ownership economics, allow investors to keep more of their rental revenue while building long-term equity in a premier oceanfront asset. Whether you're expanding a luxury vacation rental portfolio, completing a 1031 exchange, or searching for a legacy property that generates meaningful income while your family enjoys it throughout the year, this is an exceptionally rare opportunity to own one of Ocean Isle Beach's high-performing oceanfront homes.

Highlights

Listed by Kristen Lueck , 919-434-1302 Compass Carolinas LLC , 919-726-6548. Hive MLS mls logo

Property Type

Residential

Lot/Acreage
0.42

HOA Fee

500 Annually

Year Built

2024

County

Brunswick

Neighborhood

Islander Resort

School District

Brunswick County Schools

Listing ID

100591472

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:10
  • Full Bathrooms:8
  • 1/2 Bathrooms:2
Appliances:Electric Oven, Freezer, Washer, Refrigerator, Ice Maker, Dryer, Double Oven, Disposal, Dishwasher, Tankless Water Heater, Gas Range
Air Cond:Central Air,Ceiling Fan(s),Heat Pump,Multi Units
Fireplaces:
Floor:LVT/LVP,Tile
Other:Walk-in Closet(s),High Ceilings,Entrance Foyer,Kitchen Island,Elevator,Ceiling Fan(s),Furnished,Pantry,Walk-in Shower,Wet Bar,Built-in Features,Walk-In Closet(s)
Other:Public

Exterior Features

Lot:Dead End,Dunes,Ocean Side,Fencing: Back Yard,Fencing: Vinyl
Lot Dimensions:60x292x65x291
Garage Capacity:6
Zoning:OI-C-1
Roof:Metal
Others:Outdoor Shower,Irrigation System,Gas Grill,Outdoor Kitchen,Outdoor Grill
Parking Features:Garage Faces Front,Attached,Gravel,Off Street,Tandem,Garage,Underhouse,Has Garage
Principal Interest
$24,143
Taxes
$2,987
HOA
$500

Home Price

$4,685,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$937,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24,142.77

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $24,142.77 $2,986.69 $500.00 $27,629.46
Yearly $289,713.23 $35,840.25 $6,000.00 $331,553.48
Total $8,691,397.01 $1,075,207.50 $180,000.00 $9,946,604.51

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Ocean Isle Beach, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Hive MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-01T17:48:09.000Z

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