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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: $350,000 to $599,900 Price Average: $481,656
Size Range: 896 to 50,965 Sq. Ft. Size Average: 7,068 Sq. Ft.
Gallery List Map
1 18 of 18
Under Contract
Contingency
$ 599,900
101 Se 72nd Street
Oak Island, NC 28465
St James By The Sea
Bed / 4 Bath
3,032 Sq. Ft.
Property Type: House
MLS® #: 100047861
Under Contract
Contingency
$ 599,900
101 Se 72nd Street | Oak Island, NC 28465
St James By The Sea
MLS® #
Property Type
Beds
Baths
Square Ft
100047861
House
4
3,032 s.f.
Beautiful coastal home in the popular community of St. James by the Sea. Owners can enjoy use of oceanfront clubhouse & pool at this time. Miles of sandy beaches close by. The "reverse" floor plan is casual and comfortable, open and bright, and is great for entertaining. Enjoy ocean breezes from multiple decks & porches. Relax, unwind, and listen to the waves. The 1st level has a huge Master suite & 2 large bedrooms each with private baths, WIC's & private decks. The 2nd level has an expansive living room that opens to a private porch, gourmet kitchen, dining room, huge laundry room, bedroom, and full bath. An ELEVATOR makes for easy living. Spacious 2 car garage with tons of storage. Fenced yard. Close to golf courses, shopping, & restaurants. Historic Southport nearby.
Under Contract
Contingency
$ 594,900
1615 E Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 2 Bath
1,152 Sq. Ft.
Property Type: House
MLS® #: 100026402
Under Contract
Contingency
$ 594,900
1615 E Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100026402
House
2
1,152 s.f.
OCEANFRONT REBUILDABLE 3BR/2BA home with rental income in place. Home has wood flooring, open dining and living beach side to maximize your views!! Screen porch and open deck to enjoy the ocean breezes, sunrises and sunsets!! Private beach access and close to the pier!! Great location!! Furnished w/few exceptions.
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 beach? 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 partial
Under Contract
Contingency
$ 523,000
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
$ 523,000
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! Enjoy the sand and surf and/or rent for extra income!! Well-equipped kitchen and nicely furnished--this home is light, bright and airy. Upstairs bedrooms have ocean side decks for great ocean viewing!! Covered oceanfront porch with rocking chairs, walkway to the beach with side deck and built in seating. Enclosed outdoor shower with hot and 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 duct work 2015, attic insulation 2015, new meter box and cover 2015, new living room furniture 2016. New washer and Dryer 10-2016. Great Opportunity!
Under Contract
Contingency
$ 512,000
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
$ 512,000
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
$ 499,000
Oak Island, NC 28465
W. Long Beach
Bed / 2 Bath
1,178 Sq. Ft.
Property Type: House
MLS® #: 100007443
Under Contract
Contingency
$ 499,000
| Oak Island, NC 28465
W. Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100007443
House
2
1,178 s.f.
Oceanfront living at its best!! This is a great West Beach location with DIRECT ACCESS to the beautiful BEACH at Oak Island! Combination kitchen, dining & living area is centered in the home with a split floor plan. Two bedrooms and bath on both sides making for ease of two summer rental. The rental history will be provided for serious buyers. Both front and back porches. The back COVERED porch is the best shaded view of the ocean in the hot summer months. Come rock yourself in front of the ocean!!! Seller is a North Carolina Real Estate Broker.
Under Contract
Contingency
$ 495,000
4309 E Beach Drive
Oak Island, NC 28465
Not In Subdivision
Bed / 2 Bath
1,232 Sq. Ft.
Property Type: House
MLS® #: 100044683
Under Contract
Contingency
$ 495,000
4309 E Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
100044683
House
2
1,232 s.f.
Here is your chance to own a nostalgic oceanfront cottage that you always wanted on beautiful Oak Island. New heat pump Jan. 2016 & new metal roof Dec. 2015. CTurtle as she's called is nicely decorated & well cared for with interior updates inside & out. Front & back decks, outside shower & changing area. Wonderful ocean views, sunrises & sunsets. Excellent oceanfront location, close to shopping & restaurants. Very good rental income if you are looking for an investment property or perfect for a 2nd home.
Under Contract
Contingency
$ 495,000
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
$ 495,000
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.
Under Contract
Contingency
$ 490,000
6917 Kings Lynn Drive
Oak Island, NC 28465
Bed / Bath
28,908 Sq. Ft.
Property Type: Land
MLS® #: 20687378
Under Contract
Contingency
$ 490,000
6917 Kings Lynn Drive | Oak Island, NC 28465
MLS® #
Property Type
Beds
Baths
Square Ft
20687378
Land
28,908 s.f.
Awesome all around, Oceanfront with spectacular Ocean view, ICW view with Lockwood Folly Inlet across the ICW. Located on the desirable west end of Oak Island in KINGS LYNN. Serenity and tranquility with a beautiful sunrise and spectacular sunsets. Wonderful setting for your beach home. Sewer assessment has been paid.
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.
Under Contract
Contingency
$ 479,000
4901 E Beach Drive
Oak Island, NC 28465
Not In Subdivision
4 Bed / 2 Bath
1,120 Sq. Ft.
Property Type: House
MLS® #: 20698011
Under Contract
Contingency
$ 479,000
4901 E Beach Drive | Oak Island, NC 28465
Not In Subdivision
MLS® #
Property Type
Beds
Baths
Square Ft
20698011
House
4
2
1,120 s.f.
OCEANFRONT HOME Ready to move in! REBUILDABLE! 4 bedrooms and 2 full baths! Lots of space for you and your family! Rents all the time and a very strong Rental History! Some homes on the market need some work and upgrades, this home needs Nothing! Main features include: Corian countertops, wood floors, New Steel roof (2014), Stainless appliances, Newly painted inside &out, New Central HVAC, and much more! Home sold fully furnished. Come experience True Beach Life with this incredible home!
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
$ 419,000
6947 Kings Lynn Drive
Oak Island, NC 28465
Kings Lynn
Bed / Bath
20,473 Sq. Ft.
Property Type: Land
MLS® #: 100047536
Under Contract
Contingency
$ 419,000
6947 Kings Lynn Drive | Oak Island, NC 28465
Kings Lynn
MLS® #
Property Type
Beds
Baths
Square Ft
100047536
Land
20,473 s.f.
Great lot to build your Oceanfront Home!This lot is located in prestigious Kings Lynn section of Oak Island. Ocean views and lovely sound views from this location.New gorgeous homes going up in this area make one of them yours!
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
$ 399,000
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
$ 399,000
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
$ 399,000
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
$ 399,000
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
$ 350,000
2527 W Beach Drive
Oak Island, NC 28465
W. Long Beach
Bed / Bath
7,405 Sq. Ft.
Property Type: Land
MLS® #: 100027956
Under Contract
Contingency
$ 350,000
2527 W Beach Drive | Oak Island, NC 28465
W. Long Beach
MLS® #
Property Type
Beds
Baths
Square Ft
100027956
Land
7,405 s.f.
Located in highly desirable West Beach! Two berms protect this ocean front buildable home site allowing a sizeable building envelope of approximately 32 ft. wide by 65 ft. deep. New survey done in Winter, 2016. Due to changing weather and dunes on oceanfront properties, elevation/survey should be verified by a town confirmation. Convenient to Middleton, the new bridge and area attractions. One of the last re-buildable oceanfront lots on the island!
No listings available.
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