tomo logo

$1,195,000

Beds
3
Baths
2.5
sq ft
1,760

1018 W Beach Dr, Oak Island, NC 28465

1018 W Beach Dr

Oak Island, NC 28465

  • 3 days on market
Enjoy stunning ocean views from this incredible second-row beach home, thoughtfully remodeled in 2016 to combine modern elegance with coastal charm. A heated saltwater pool in the backyard provides the perfect retreat, while the recently painted exterior enhances its crisp, coastal charm. Enjoy panoramic ocean views from the open front deck or unwind on the rear covered porches overlooking the sound. A cargo lift makes transporting luggage and groceries effortless. Inside, an open floor plan centers around a beautifully designed kitchen featuring an eight-foot island with seating, granite countertops, glass cabinetry, a pantry, and a wine cooler. Vaulted ceilings and wall-to-wall windows in the dining and living areas bring in abundant natural light and capture stunning views. Hardwood flooring runs throughout most of the home. The main floor includes a half bath and a spacious primary suite with direct access to the rear porch and pool area. Upstairs, two additional bedrooms share a well-appointed bathroom. Fully furnished and move-in ready, this home includes a golf cart with a lithium battery for easy beach access. With over $87,000 in rental income for 2024 and more than $30,000 already booked for 2025, it's an outstanding turn-key investment.

Details

Property type

Single Family Residence

Est. home value

$1,080,859

Lot size

7,449 sq ft

Price per sq ft

$679

Year built

1979

Annual property taxes

$3,918.47

Price History

02/20/2025
NorthCarolinaRegional

NorthCarolinaRegional #100489894

Listed
$1,195,000
+87.45%
02/28/2020
NorthCarolinaRegional

NorthCarolinaRegional #100189999

Sold
$637,500
+22.6%
08/22/2018
NorthCarolinaRegional

NorthCarolinaRegional #100116915

Sold
$520,000

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

South Brunswick

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

State Employees Cu

Loan start date

October 2021

Original loan amount

$564,000

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

New Conventional, 30 year

Seller

Michael S Deaton and Shannon L Deaton

Lender

State Employees Cu

Loan start date

February 2020

Original loan amount

$573,750

Est. remaining balance

Not provided

Interest rate

3.87%

Loan type

New Conventional, 30 year

Seller

Michael S Deaton and Shannon L Deaton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/24/2025 at 2:10 AM

Listing updated: 02/20/2025 at 5:27 PM

Listed by: The Cameron Team, Coldwell Banker Sea Coast Advantage Phone #: (910) 799-3435

MLS: NorthCarolinaRegional #100489894

NorthCarolinaRegional logo

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