Waterfront - Primary on Main
Address
387 W First Street, Ocean Isle Beach, NC
Price
$ 4,685,000
Property Attributes
- ID#100591472
- TypeSingle Family
- Listing Status Active
- CountyBRUNSWICK
- CityOcean Isle Beach
- AreaIslander Resort
- NeighborhoodOcean Isle Beach
- Zip28469
- StyleSingle Family Residence
- Year Built2024
- Taxes$ 12936
- Price$ 4,685,000
- Bedrooms10
- Full Bathrooms8
- Half Bathrooms2
- Sqr Footage5390
- Lot Size0.42 Acres
Data Source:
North Carolina Regional MLS (NCRMLS)
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Union Elementary School | Shallotte Middle | West Brunswick High School |
| Price History | |
|---|---|
| 7/24/2026 | Listed $4,685,000 |
General Features
| Living Area | 5390.0 |
|---|---|
| Heating | Propane,Heat Pump,Forced Air |
| Cooling | Central Air,Ceiling Fan(s),Heat Pump,Multi Units |
| Utilities | Cable Available,Sewer Connected,Water Connected |
| Possession | Close Of Escrow,At Closing |
| Roof | Metal |
| Appliances | Electric Oven,Freezer,Washer,Refrigerator,Ice Maker,Dryer,Double Oven,Disposal,Dishwasher,Tankless Water Heater,Gas Range |
| Zoning | OI-C-1 |
| HOA Fee | 500.0 |
| Garage Spaces | 6.0 |
| Patio/Porch Features | Covered,Deck,Patio,Balcony,Front Porch,Rear Porch |
| Pool Features | In Ground,Hot Tub,Private |
| Security Features | Smoke Detector(s) |
| Construction Materials | Fiber Cement,Wood Frame |
| Year Built | 2024 |
| View | Ocean,Water |
| Levels | Three Or More |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Taxes | 12936.7 |
| Parcel Number | 257jc020 |
| Accessibility | Accessible Full Bath,Accessible Approach with Ramp,Accessible Elevator Installed |
| Assoc Fee Paid Per | Annually |
| County | Brunswick |
| Operating Expense | 0.0 |
| New Construction | No |
| Property Type | Residential |
| In City Limits? (Y/N) | Yes |
| Association Amenities | Beach Access,Maintenance Roads,Management,Tennis Court(s),Club Membership |
| HOA | Yes |
| Attached Garage | Yes |
| Subdivision Name | Islander Resort |
| Garage Y/N | Yes |
| Total Rooms | 19 |
| Full Baths | 8 |
| Status | Active |
| Directions | From downtown Wilmington,take US-17S/US-76W/Wooster St. Keep (R) to take US-17S exit toward Brunswick/County Beaches. Follow for approx 34 mi. (L) onto Ocean Isle Beach Rd SW. At traffic circle,take |
| High School | West Brunswick |
| City | Ocean Isle Beach |
| Association Name | CAM OIB |
| High School District | Brunswick County Schools |
| Lot Size Units | Acres |
| Lot Size Square Feet | 18295.0 |
| Carport Spaces | 0.0 |
| Carport Y/N | No |
| Elementary School | Union |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Home Warranty Y/N | No |
| Middle/Junior High School | Shallotte Middle |
| Lease Considered Y/N | No |
| Structure Type | Wood Frame,Stick Built |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Assessed Value | 3410890 |
| Legal Description | L-20 PH-2 ISLANDER RESORT PLAT 22/203 |
| IslandOrMainland | Island |
Interior Features
| Interior Amenities | 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) |
|---|---|
| Flooring | LVT/LVP,Tile |
| Furnished Y/N | Furnished |
| Water Heater | Propane |
| Master Bed Level | Non Primary Living Area |
| Total Stories | 4 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Half Baths | 2 |
| Laundry Features | Dryer Hookup,Washer Hookup,Laundry Closet,Laundry Room |
| Total Bedrooms | 10 |
| Attic Features | Access Only |
| Entry Level | 1 |
| Room Type | Dining Area,Dining Room,Living Room,Laundry,Bedroom 1,Bedroom 2,Bedroom 3,Family Room,Bedroom 4,Bedroom 5,Bedroom 6,Office,Bedroom 7,Bedroom 8,Bedroom 9,Master Bedroom,Other,Utility Room |
| Total Baths | 10 |
| Living Area Range | 5000 - 5499 |
| SmokingYN | No |
Exterior Features
| Exterior Amenities | Outdoor Shower,Irrigation System,Gas Grill,Outdoor Kitchen,Outdoor Grill |
|---|---|
| Exterior Finish | Fiber Cement |
| Fencing | Back Yard,Vinyl |
| Parking Features | Garage Faces Front,Attached,Gravel,Off Street,Tandem,Garage,Underhouse |
| Lot Features | Dead End,Dunes,Ocean Side |
| Water Source | Public |
| Total Parking | 12.0 |
| Lot Size Area | 0.42 |
| Foundation Details | Other,Pilings |
| Spa | No |
| Building Area Total | 5390.0 |
| Lot Dimensions | 60x292x65x291 |
| Lot Size Acres | 0.42 |
| Road Surface Type | Paved |
| Frontage Type | Oceanfront |
| Waterfront Y/N | Yes |
| Road Frontage Type | Paved |
| Crops Included Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 28469
Price
Taxes
Year Built
Visits
In The Neighborhood
Primary On Main
Ocean Isle Beach
$ 525,000
- Type
- Single Family
- Size
- 2,032 SqFt
- Rooms
- 3 Beds + 2 Baths
Primary On Main
Ocean Isle Beach
$ 439,000
- Type
- Single Family
- Size
- 1,970 SqFt
- Rooms
- 3 Beds + 2 Baths
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