tomo logo

$1,399,999

Beds
4
Baths
3.5
sq ft
1,843

129 W Beach Dr, Oak Island, NC 28465

129 W Beach Dr

Oak Island, NC 28465

  • 9 days on market
This gorgeous 4BR/3.5BA oceanfront home located on the highly sought-after west end of Oak Island offers spectacular ocean views with the most breathtaking sunrises and sunsets you have ever seen! This home is located on a corner lot. Updates in 2021 include: New heat pump and air handler. Updates in 2022 include: New attic duct work, hurricane shutters, ASCEND siding, rebuilt 2 nd floor balconies, rebuilt HVAC platform, 10 new windows, new exterior ocean side doors, LVP flooring upstairs. Updates in 2023 include: Metal roof. You are sure to love that there are 3 oceanfront bedrooms, two of which are suites. The open concept living, dining and kitchen on the 1st floor features breathtaking ocean views you can enjoy from the comfort of your couch or as you are enjoying a meal with loved ones. The lovely kitchen offers stainless-steel appliances and a breakfast bar. This floor also features one of the primary bedroom ensuites with ocean views. Upstairs you will find 2 more bedrooms with a private balcony and ocean views, one of which is ensuite, and a 4 th bedroom. Only one block from the bridge at Middleton Avenue, you have quick and easy access on and off the island. You are also not far from Ocean Crest Pier, Island Way Restaurant, the Beach Pantry store, and more. This home would make a fantastic primary residence, second home, or rental investment property. It already has an established rental history and is a favorite among guests to the island! Whether you make this your own home to enjoy year-round or decide to use it has a rental investment, you just cannot go wrong!

Details

Property type

Single Family Residence

Est. home value

$1,230,831

Lot size

7,623 sq ft

Price per sq ft

$760

Year built

1986

Annual property taxes

$4,190.5

Price History

01/15/2025
NorthCarolinaRegional

NorthCarolinaRegional #100483744

Listed
$1,399,999
+64.71%
06/29/2021
NorthCarolinaRegional

NorthCarolinaRegional #100275086

Sold
$850,000
+73.47%
11/16/2018
NorthCarolinaRegional

NorthCarolinaRegional #100110025

Sold
$490,000

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

South Brunswick

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

$854,086
Asking price
$1,399,999
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$433,913
Cash to seller
$854,086

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

Seller’s Loan History

Lender

Townebank Mortgage

Loan start date

June 2021

Original loan amount

$548,250

Est. remaining balance

$433,913

Interest rate

2.3%

Loan type

New Conventional, 15 year

Seller

David Schutzer and Jenna Schutzer

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: 01/24/2025 at 3:45 AM

Listing updated: 01/23/2025 at 3:27 PM

Listed by: John G Hamilton, Better Beach Sales & Rentals, Inc. Phone #: (910) 278-1147

MLS: NorthCarolinaRegional #100483744

NorthCarolinaRegional logo

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