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Oak Island Oceanfronts Market–Prices Going up or Down?

Market Values for Oak Island homes for sale | Advice

 

 

 

 

 

 

Hi, it’s Jay the owner of JustNewListings.com realty.  And here in Wilmington I hang my hat with Coastwalk Real Estate.  I am the owner not only of JustNewListings.com but Wilmington-Real-Estate.com, www.wilmingtonrealestate.com.  I figured with this video, with this email to some folks, I should at least give a little quick video on something halfway interesting.

 

So here is a little something I came across today, later, real soon hopefully, this year I am going to do an intense video about Oceanfront Real Estate in the big picture on how it relates to your portfolio etc. Some really frank, honest input including you know, maybe a little hint of critical stuff in there not that you can escape with these days.  But for now here is a little quick titbit on looking at numbers and graphs in real-estate and figuring out what’s going on.

 

I am closing on a home in Oceanfront Oak Island this week and gosh, this would be home #10 here since August, August through December I have had 10 closings.  And the concern is, wow, look at this the 3rd quartile, the next to the highest price bracket in Oak Island, look at the appreciation in the last year.  It’s like, woo, did I buy at the peak of the market, is my investment only downhill from there, you know that’s what it looks like, it’s a little bit alarming here.  You got 2015, 2016.  It’s about almost 2 years of real-estate here.

Price Range: $379,900 to $579,000 Price Average: $451,240
Size Range: 800 to 50,965 Sq. Ft. Size Average: 6,805 Sq. Ft.
Gallery List Map
1 16 of 16
Under Contract
Contingency
$ 579,000
6317 W Beach Drive
Oak Island, NC 28465
Long Beach
Bed / 3 Bath
1,848 Sq. Ft.
Property Type: House
MLS® #: 100054604
Under Contract
Contingency
$ 579,000
6317 W Beach Drive | Oak Island, NC 28465
Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100054604
House
3
1,848 s.f.
Location, location, location! Looking for an oceanfront home on an amazing REBUILDABLE lot? You have found it! This is a great opportunity to own a spacious 4 bedroom home with breathtaking views of a wide beach. Vegetated dunes are intact in front of the home. Wonderful West Beach location in Kings Lynn area. Open concept living room and kitchen with room for a large dining table. Living area has two large picture windows to take in the ocean views. On the main level you will find an oceanfront master bedroom with full bath and an additional spacious bedroom and full hall bath. There are two additional bedrooms, full bath and laundry room on the lower level. Great ability for family and friends to spread out. Home comes fully furnished. Wonderful spacious oceanfront deck with
Under Contract
Contingency
$ 499,987
3729 E Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 4 Bath
1,280 Sq. Ft.
Property Type: House
MLS® #: 100078976
Under Contract
Contingency
$ 499,987
3729 E Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100078976
House
4
1,280 s.f.
Welcome to ''Anchor Inn'', an adorable OCEANFRONT home with a true vintage flair that is rarely seen anymore. A charming step back in time in terrific condition and as an added bonus all furnishings will convey with the home for a turn-key purchase. With the added bonus space on the ground level, the home boasts 7 bedrooms and 4 full bathrooms. Home can be rented as a full or partial beach home and is ready for immediate occupancy. Home is on a fully rebuildable lot and has a delightful covered porch in the rear of the home with spectacular ocean views. The 5 year old deck is a wonderful place to enjoy morning coffee and warm ocean breezes, and is located behind a nice ground vegetation covered high dune. With approximately 30K of rental income, home is deal for rental or seasonal use.
Under Contract
Contingency
$ 499,900
6963 Kings Lynn Drive
Oak Island, NC 28465
Not In Subdivision
Bed / Bath
40,511 Sq. Ft.
Property Type: Land
MLS® #: 100076367
Under Contract
Contingency
$ 499,900
6963 Kings Lynn Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100076367
Land
40,511 s.f.
They say all land is unique in its characteristics - like a snowflake. But this extraordinary property personifies what it means to be truly one of a kind. Situated beautifully on "The Point" of the west end of Oak Island you'll have the Atlantic Ocean and the Intracoastal Waterway as your neighbors on this almost an acre corner lot. 270 degrees of panoramic water views surround you and create the perfect backdrop to your beach getaway. Arguably the best lot left on the Brunswick County Beaches I'm sure our custom home builders can't wait to meet to discuss making your oceanfront dream home a reality. Call today for all the details.
Under Contract
Contingency
$ 487,500
4321 E Beach Drive
Oak Island, NC 28465
Tranquil Harbor
Bed / 2 Bath
1,140 Sq. Ft.
Property Type: House
MLS® #: 100057143
Under Contract
Contingency
$ 487,500
4321 E Beach Drive | Oak Island, NC 28465
Tranquil Harbor
MLS® #
Property Type
Beds
Baths
Square Ft
100057143
House
2
1,140 s.f.
Well Maintained oceanfront on Oak Island. Has lots of character if you are looking for your very own piece of Paradise at the beach. Nicely decorated and gives you that Salt & Light feel! Recent improvements include new windows, doors, flooring, decking & paint inside & outside. Enjoy those wonderful oceanfront breezes & beautiful sunrises & sunsets from your open deck upstairs or covered deck on 1st floor. Great location close to restaurants, shopping & recreational parks.
Under Contract
Contingency
$ 483,500
2908 E Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 2/1 Bath
1,737 Sq. Ft.
Property Type: House
MLS® #: 100054530
Under Contract
Contingency
$ 483,500
2908 E Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100054530
House
2/1
1,737 s.f.
Unobstructed Views allow Oceanfront type views with non buildable lots in front! This beautiful home is a beach lovers dream. Lots of decking to enjoy the magnificent views; Plenty of room inside for cooling off with the New hvac just installed Jan 2017. This home is just waiting to have you as its forever owner. Continue renting and cashing checks till you can keep it all to yourself! Furnishings included to make life that much easier! The sewer assessment has been paid in full. Many recent improvements with Hurricane impact doors on front. Amazing clear views of the ocean. According to proposed FEMA map, flood zone will change to AE when approve!
Under Contract
Contingency
$ 479,900
2613 E Beach Drive
Oak Island, NC 28465
Long Beach
Bed / 2 Bath
1,176 Sq. Ft.
Property Type: House
MLS® #: 100081078
Under Contract
Contingency
$ 479,900
2613 E Beach Drive | Oak Island, NC 28465
Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100081078
House
2
1,176 s.f.
You are not fully living the salt life until the Atlantic Ocean and the sands of Oak Island are in your backyard. It comes as no surprise that this beautifully maintained, fully furnished oceanfront getaway boasts an impressive rental income history. It's bright and open floor plan greets you with endless water views. The wide plank wood flooring throughout the entire home, custom cabinetry in the spacious kitchen and crown molding adorning the ceilings are just a few of the lovely features this home offers.
Under Contract
Contingency
$ 475,000
4327 E Beach Drive
Oak Island, NC 28465
Long Beach
Bed / 2 Bath
1,200 Sq. Ft.
Property Type: House
MLS® #: 100041552
Under Contract
Contingency
$ 475,000
4327 E Beach Drive | Oak Island, NC 28465
Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100041552
House
2
1,200 s.f.
Enjoy this oceanfront two story, recently updated, well maintained home. Upper and lower oceanfront decks, ocean view from all bedrooms. Home comes with all furnishings, walk in closet in master, double closets in additional bedrooms. Short walk to Beach Cabana, Middleton Park with recreation facilities, and restaurant. ''At Last'' has been a short term and long term rental. Recent survey confirms build able additions ocean side and/or street side.
Under Contract
Contingency
$ 475,000
5117 W Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 2 Bath
1,300 Sq. Ft.
Property Type: House
MLS® #: 100019429
Under Contract
Contingency
$ 475,000
5117 W Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100019429
House
2
1,300 s.f.
4BR/2BA Ocean Front vacation destination on West Beach Oak Island! REBUILDABLE! Large Buildable footprint @ 34x75!! Enjoy sand & surf and/or rent for extra income!! Well-equipped kitchen & nicely furnished, this home is light, bright & airy. Upstairs bedrooms have ocean side decks for great ocean viewing!! Covered oceanfront porch w/rocking chairs, walkway to the beach w/side deck & built in seating. Enclosed outdoor shower w/hot & cold, Furnished w/few exceptions. Close to Blue Water Point Marina & restaurant. Great rental history!! New roof 2015, New ocean front & side windows plus sliding glass doors 2016, reinforced decking and balconies 2015, HVAC New 2017, attic insulation 2015, new meter box and cover 2015, new living room furniture 2016. New washer and Dryer 10-2016. WOW!!
Under Contract
Contingency
$ 465,000
2357 W Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 2 Bath
1,120 Sq. Ft.
Property Type: House
MLS® #: 100036818
Under Contract
Contingency
$ 465,000
2357 W Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100036818
House
2
1,120 s.f.
Oceanfront located on West end of Oak Island. Enjoy the sunrises & sunsets from your oceanfront covered porch or roof top upper deck. Currently on rental program with good rental history. Would make for excellent investment property or second home.Call Tricia Townsend at 910-443-0529 for more information.
Under Contract
Contingency
$ 429,000
3017 W Beach Drive
Oak Island, NC 28465
Not In Subdivision
4 Bed / 2 Bath
1,360 Sq. Ft.
Property Type: House
MLS® #: 20693719
Under Contract
Contingency
$ 429,000
3017 W Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
20693719
House
4
2
1,360 s.f.
Wonderful OCEANFRONT HOME. A 4BR/2BA home located on the West End of the Island. It is in excellent condition and is sold furnished. They rent during the summer months only. Kitchen/ living area thru the middle with bedrooms on each side. It has beautiful views from the large covered Porch on the ocean side with a deck on the street side. Concrete underneath for parking and storage area. Subject to NC Vacation Rental Act. This is a non re-buildable lot at this time.
Under Contract
Contingency
$ 400,000
2927 E Beach Drive
Oak Island, NC 28465
East Beach
Bed / 2 Bath
896 Sq. Ft.
Property Type: House
MLS® #: 100007714
Under Contract
Contingency
$ 400,000
2927 E Beach Drive | Oak Island, NC 28465
East Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100007714
House
2
896 s.f.
OceanFront Beach Cottage with updates done in 2014 which include beautiful new flooring, updated baths, interior and exterior paint and new furnishings throughout. The main level. All rooms on this level and include an open concept kitchen and living area with beautiful views of the ocean in all directions.All three bedrooms and two bathrooms are located on this level.Oceanfront deck and also a street side deck. Enclosed H/C outside shower. Additional walkway shower.Ground level storage. Has great rental history, So far 2016, 17725.00
Under Contract
Contingency
$ 395,000
122 58th Street #3205
Oak Island, NC 28465
Southern Shore Villa
Bed / 2 Bath
1,344 Sq. Ft.
Property Type: Condo
MLS® #: 100073443
Under Contract
Contingency
$ 395,000
122 58th Street #3205 | Oak Island, NC 28465
Southern Shore Villa
MLS® #
Property Type
Beds
Baths
Square Ft
100073443
Condo
2
1,344 s.f.
Great rental investment or 2nd home getaway! This ocean view condo is located in Southern Shore Villas. Very spacious 3 bedroom, 2 bath with fantastic ocean views and view of the pool. Beautifully decorated with all appliances, ceramic tile flooring throughout, carpet in bedrooms and ceiling fans throughout. Relax and enjoy the ocean views and breezes from your deck. The condos offer the following amenities: oceanfront beach access with dune top cabana, outdoor pool, outside shower and park charcoal grill. Located close to restaurants, shops and a short drive to Historic Southport. Don't let this slip away! Seller is offering a 2-10 Home Warranty!
Under Contract
Contingency
$ 394,250
905 E Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 2 Bath
800 Sq. Ft.
Property Type: House
MLS® #: 100011549
Under Contract
Contingency
$ 394,250
905 E Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100011549
House
2
800 s.f.
Oceanfront!! This 3BR/2BA cutie is ready for you to sit on her deck and enjoy all beach life has to offer!! Beautiful views, sunsets and early morning rises!! Kitchen remodeled in 2015, each room is painted bright and cheery! Affordable island living with good rental income! $25,598.00 in 2016
Under Contract
Contingency
$ 389,900
1305 W Beach Drive
Oak Island, NC 28465
Long Beach
Bed / 1 Bath
1,037 Sq. Ft.
Property Type: House
MLS® #: 100079064
Under Contract
Contingency
$ 389,900
1305 W Beach Drive | Oak Island, NC 28465
Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100079064
House
1
1,037 s.f.
OCEANFRONT beautifully furnished cottage. Gather the family and spend endless memories on the beach OR purchase as an investment opportunity with great rental income potential. Open floor plan allows great views from main area of the home. The living room boasts vaulted ceilings. Remodeled in 2006 with hardwood flooring, kitchen with appliances & granite countertops plus updated bathroom. New HVAC 2014, Storm windows & door 2016, concrete driveway 2017, roof 2005. Keep the sand off your vehicle with a one car garage plus a 12x25 storage area. New dunes built in 2017 with vegetation. This non-rebuild able lot could become buildable with established vegetation. Please COME TAKE A LOOK.
Under Contract
Contingency
$ 387,000
3221 E Beach Drive
Oak Island, NC 28465
Long Beach
Bed / 1/1 Bath
1,165 Sq. Ft.
Property Type: House
MLS® #: 100040577
Under Contract
Contingency
$ 387,000
3221 E Beach Drive | Oak Island, NC 28465
Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100040577
House
1/1
1,165 s.f.
This adorable, affordable oceanfront cottage on pilings is perfect for your place at the beach. Relax and enjoy beautiful ocean views from your front deck and only a few steps from the sandy beach of Oak Island. Sun, surf and sand are just waiting for you! Shower off in the outdoor shower under the house.This home has 3 bedrooms and 1.5 baths so its perfect for family getaways. Appliances and furnishings convey, so it's move in ready! Great rental if you are looking for an investment.
Under Contract
Contingency
$ 379,900
120 Se 63 Rd Street
Oak Island, NC 28465
Turtle Creek
Bed / Bath
50,965 Sq. Ft.
Property Type: Land
MLS® #: 100046447
Under Contract
Contingency
$ 379,900
120 Se 63 Rd Street | Oak Island, NC 28465
Turtle Creek
MLS® #
Property Type
Beds
Baths
Square Ft
100046447
Land
50,965 s.f.
Incredible ocean front lot in desirable Turtle Creek with unobstructed ocean views. Convenient to restaurants, golf course and shopping. Check out the dimensions of this oceanfront beauty. 650 feet deep with 70 feet of ocean frontage. Over an acre of oceanfront property on which to build your dream home.
Under Contract
Contingency
$ 0
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Bed / Bath
0 Sq. Ft.
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Contingency
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