tomo logo

$1,375,000

Beds
5
Baths
3.0
sq ft
1,724

727 W Beach Dr, Oak Island, NC 28465

727 W Beach Dr

Oak Island, NC 28465

  • 13 days on market
The Outrigger is a stunningly remodeled 5-bedroom, 3-bathroom oceanfront retreat on Oak Island's exclusive central west end, just minutes from Southport. The perfect mix of classic beach cottage charm and modern upgrades, this home offers breathtaking sunrises, soothing ocean sounds, and spectacular sunset views. Completely remodeled in 2022 from top to bottom, it features a remodeled kitchen with new appliances, and granite countertops, a brand-new master bathroom, new flooring, shiplap accents, smooth ceilings, new tile, and a newer hot water heater. Enjoy years of low maintenance with a new roof (2022) and new HVAC (2024). With vaulted ceilings and an open floor plan, the kitchen, living area, and covered porch provide panoramic ocean views. A beloved vacation destination with a strong rental history exceeding $128K annually, The Outrigger is an exceptional investment opportunity or second home. The spacious layout includes a master suite with oceanfront windows and an en-suite bath, plus four additional bedrooms designed for comfort. Just a short bike ride or five-minute drive from Oak Island's top restaurants, bars, and cafes, this home offers easy access to the beach! Luxury finishes, an expansive covered porch, and direct beach access. Whether you seek a high-performing vacation rental, a peaceful coastal retreat, or a turnkey investment property, The Outrigger is a rare opportunity to own a piece of paradise.

Details

Property type

Single Family Residence

Est. home value

$1,152,154

Lot size

7,579 sq ft

Price per sq ft

$798

Year built

1982

Annual property taxes

$4,008.51

Price History

02/11/2025
NorthCarolinaRegional

NorthCarolinaRegional #100488203

Listed
$1,375,000
06/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #20698879

Removed
01/05/2022
NorthCarolinaRegional

NorthCarolinaRegional #100303208

Sold
$970,000
+35.85%

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

South Brunswick

High school district: 

Brunswick County Schools

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

$450,180
Asking price
$1,375,000
Closing costs (~8% of asking)
-$110,000
Est. remaining loan balance
-$814,820
Cash to seller
$450,180

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

Seller’s Loan History

Lender

First Community Cu

Loan start date

December 2021

Original loan amount

$873,000

Est. remaining balance

$814,820

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

William H Stringer 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: 02/24/2025 at 5:10 AM

Listing updated: 02/24/2025 at 2:43 AM

Listed by: Wendy G Thompson, Real Broker LLC Phone #: (919) 348-2585

MLS: NorthCarolinaRegional #100488203

NorthCarolinaRegional logo

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