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$5,250,000

Beds
16
Baths
17.0
sq ft
8,300

2068 New River Inlet Rd, N Topsail Beach, NC 28460

2068 New River Inlet Rd

North Topsail Beach, NC 28460

  • 5 days on market
Welcome to Southern Grace, an extraordinary 16-bedroom, 18-bathroom oceanfront estate on North Topsail Beach that sleeps 60 - one of the largest homes on Topsail Island and a rare investment opportunity producing over $500K in gross rental income in 2023 and 2024 with several hundred thousand already on the books for 2025. With 8,300 sq. ft. of coastal luxury on an expansive 1.11-acre lot, this turnkey property is a proven income producer with an impressive IRR and future revenue already on the books for 2025. This high-yield premier investment property is designed for multi-generational family vacations, corporate retreats, weddings, reunions, and special events, and commands strong rental income through its unmatched accommodations and prime beachfront location. With ample parking, a private oceanfront pool, and a tiki bar, this home caters to large groups seeking the ultimate coastal escape. With multiple living areas that are perfect for large gatherings, elevator access to all levels, and expansive oceanfront porches ideal for morning coffee or watching dolphins play in the surf, this home has it all. Offered fully furnished and stocked, it is immediately ready to begin producing rental income for the buyer. A rare slice of Topsail Island paradise, Southern Grace is perfectly positioned to showcase breathtaking sunrises over the Atlantic, with direct beach access from your doorstep. Located on one of the largest oceanfront lots on the island, this estate offers both seclusion and convenience, making it an irreplaceable asset for investors and luxury buyers alike. With a strong track record of rental success, Southern Grace is ready to continue producing income for its next owner. This one-of-a-kind estate is an unparalleled opportunity to own a high-performing beachfront investment in one of North Carolina's most desirable coastal destinations.

Details

Property type

Single Family Residence

Est. home value

$3,120,871

Lot size

1.11 acres

Price per sq ft

$633

Year built

2015

Annual property taxes

$30,263.85

Price History

02/18/2025
NorthCarolinaRegional

NorthCarolinaRegional #100489463

Listed
$5,250,000
-4.55%
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100439954

Removed
$5,500,000
05/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100439954

Pending
$5,500,000

Schools & Community

Elementary school: 

Dixon

Middle school: 

Dixon

High school: 

Dixon

High school district: 

Onslow

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

$3,793,394
Asking price
$5,250,000
Closing costs (~8% of asking)
-$420,000
Est. remaining loan balance
-$1,036,606
Cash to seller
$3,793,394

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

Seller’s Loan History

Lender

Td Bank Na

Loan start date

August 2019

Original loan amount

$1,165,000

Est. remaining balance

$1,036,606

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Southern Grace I Llc

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: 02/23/2025 at 8:35 PM

Listing updated: 02/18/2025 at 9:07 PM

Listed by: Daniel A Malechuk, Landmark Sotheby's International Realty Phone #: (910) 679-8047

MLS: NorthCarolinaRegional #100489463

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