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$714,900

Beds
3
Baths
3.0
sq ft
1,360

1202 Sand Dollar Court, Kure Beach, NC 28449

1202 Sand Dollar Court

Kure Beach, NC 28449

  • 60 days on market
Are you looking for a property that offers the perfect beach getaway and generates exceptional rental income? This oceanfront condo in Kure Beach is your chance to own a top performing investment! In 2023, the unit grossed an impressive $70,000 in rental income, and in 2024, it is already just shy of $50,000 year to date! Whether you are seeking a full time income producing property or a vacation retreat with rental potential, this condo has proven its value time and again! The inside of the unit boasts an open two level floor plan with 3 spacious bedrooms, 3 full bathrooms, and 1,360 square feet of modernized living space, this fully furnished unit is a seamless addition to your portfolio. Located in the highly sought after Ocean Dunes resort style community, this condo offers everything an investor could want — turnkey ready, upgraded with granite countertops, LVP flooring, and stylish shiplap accent walls. With two expansive decks offering sweeping ocean views, guests and owners alike can relax and take in the beauty of coastal living. The community of Ocean Dunes is packed with amenities that attract year-round renters, including 3 pools (one indoor with a hot tub), tennis courts, playground, shuffleboard, basketball courts, and direct beach access with outdoor showers. The clubhouse features the largest indoor pool on the island, a fitness center, saunas, and rental friendly gathering spaces — all managed professionally, ensuring your investment is in trusted hands whether you are nearby or miles away. This property is perfectly positioned for renters and owners alike to enjoy nearby attractions like the Kure Beach Pier, Fort Fisher, the NC Aquarium, and is just a quick golf cart ride to Carolina Beach or a short drive to Wilmington! With its established rental history and prime coastal location, this condo offers not just a lifestyle, but a lucrative income stream!

Details

Property type

Condominium

Est. home value

$699,964

Lot size

Unknown

Price per sq ft

$526

Year built

1983

HOA fee

$24,039

Price History

09/26/2024
NorthCarolinaRegional

NorthCarolinaRegional #100467791

Listed
$714,900
+17.2%
03/04/2022
NorthCarolinaRegional

NorthCarolinaRegional #100310551

Sold
$610,000

Schools & Community

Elementary school: 

Carolina Beach

Middle school: 

Murray

High school: 

Ashley

Community features: 

Pool

Negotiation Insights

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

Seller could get up to

$140,515
Asking price
$714,900
Closing costs (~8% of asking)
-$57,192
Est. remaining loan balance
-$517,193
Cash to seller
$140,515

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Draper & Kramer Mortgage Corp

Loan start date

February 2022

Original loan amount

$549,000

Est. remaining balance

$517,193

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Matthew L Taulbee and Lewis Taulbee Jr

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?

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Status: Active

Tomo last checked: 11/23/2024 at 3:45 AM

Listing updated: 09/29/2024 at 2:39 AM

Listed by: Gillespie Group, Carolina One Properties Inc. Phone #: (910) 679-6565

MLS: NorthCarolinaRegional #100467791

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