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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: $379,000 to $487,500 Price Average: $440,375
Size Range: 800 to 1,737 Sq. Ft. Size Average: 1,243 Sq. Ft.
Gallery List Map
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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
$ 469,000
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
$ 469,000
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
$ 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
$ 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
$ 379,000
4903 E Beach Drive
Oak Island, NC 28465
Long Beach
Bed / 2 Bath
1,120 Sq. Ft.
Property Type: House
MLS® #: 100089285
Under Contract
Contingency
$ 379,000
4903 E Beach Drive | Oak Island, NC 28465
Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100089285
House
2
1,120 s.f.
Being able to own an oceanfront property for this price is unbelievable! This little gem rents well and could use some TLC to transform it into your own cozy coastal oasis. There's a screened porch overlooking the ocean, a spacious living room, three bedrooms, two full baths and an outdoor shower, so it has everything you need for the family to have a great beach vacation. Only steps to the ocean, and beautiful views! It's all about location....come see it now!
Under Contract
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