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387 W First Street

Ocean Isle Beach, NC 28469
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Bed 10

Bed

Bath 10

Bath

SqFt5,390

Sqft

Acres0.42

Acre(Lot)

Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptio nal rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront saltwater pool and spa create a true resort experience, while the expansive outdoor entertaining area includes two gas grills, a 14-foot bar, outdoor kitchen, entertainment center, and low-maintenance artificial turf surrounded by mature palms. Beyond traditional vacation rentals, the property is frequently rented for weddings and events, creating an additional income opportunity. To support these events, the home conveys with a turnkey inventory including 80 wedding chairs, ten 60-inch round dining tables, six 30-inch cocktail tables, three 8-foot banquet tables, and rolling storage carts for easy setup and organization. Inside, guests are welcomed by panoramic Atlantic views from nearly every room. The chef's kitchen is equipped to handle large groups with premium appliances, including a side-by-side refrigerator and full-size freezer, dual sinks, double ovens, an 8-burner range, beverage station with ice maker, and generous prep space. Two laundry rooms further enhance functionality for high-occupancy rentals and extended stays. Expansive oceanfront decks capture both sunrise over the Atlantic and spectacular evening sunsets thanks to the home's coveted south-facing shoreline. A private beach walkover places the sand just steps from your backyard. For investors, North Carolina's coastal market continues to offer compelling advantages over many competing beach destinations. Lower property taxes and operating costs than many coastal markets, combined with strong vacation demand and favorable ownership economics, allow investors to keep more of their rental revenue while building long-term equity in a premier oceanfront asset. Whether you're expanding a luxury vacation rental portfolio, completing a 1031 exchange, or searching for a legacy property that generates meaningful income while your family enjoys it throughout the year, this is an exceptionally rare opportunity to own one of Ocean Isle Beach's high-performing oceanfront homes.

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Detail Ic Property Details

Property Type : Residential

Price : $4,685,000

AD Id : 88397376

MLS Id : 100591472

Beds : 10

Lot Size : 0.42 Acre

Living Area Size : 5,390

Year Built : 2024

Garage : 6

County : Brunswick

Subdivision: Islander Resort

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Map

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 10 Full Baths: 8 Half Baths: 2

    Room Information

    Rooms Total: 19
  • Flooring Information

    Tile
  • Roofing Information

    Metal
  • Interior Features

    Walk-In Closet(s), High Ceilings, Entrance Foyer, Kitchen Island, Elevator, Ceiling Fan(s), Pantry, Wet Bar, Built-in Features Roof: Metal Appliances: Electric Oven, Freezer, Washer, Refrigerator, Ice Maker, Dryer, Double Oven, Disposal, Dishwasher, Tankless Water Heater, Gas Range, Gas Water Heater Laundry Features: Washer Hookup, Laundry Closet, Laundry Room
  • Heating & Cooling

    Has Heating: Yes Heating: Propane, Heat Pump, Forced Air Has Cooling: Yes Cooling: Central Air, Ceiling Fan(s), Heat Pump, Multi Units Water front: 1

  • Building Information

    Year Built: 2024 Building Area Total: 5390 Construction Materials: Fiber Cement, Frame Patio And Porch Features: Covered, Deck, Patio, Front Porch, Rear Porch Pool Features: In Ground, Private Private Pool: Yes View: Ocean, Water Association Fee Frequency: Annually
  • Exterior Features

    Exterior Features: Outdoor Shower, Gas Grill, Outdoor Kitchen, Outdoor Grill, Balcony

  • Lot Information

    Lot Dimensions: 60x292x65x291 Main Square Feet: 0.42 Acres Lot Size Acres: 0.42 Lot Size Square Feet: 18295

    Property Information

    Subdivision: Islander Resort Source Property Type: Residential Property SubType: Single Family Residence Levels: Three Or More Property Age: 2

  • Listing Price Information

    Listing Price: $4685000 Cash, Conventional, VA Loan

  • Tax Information

    Parcel Number: 257jc020 Tax Year: 2025 Annual Tax: $12936.7

  • Parking Information

    Parking Total: 6 Garage Faces Front, Attached, Gravel, Off Street, Tandem, Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 6
    Homeowners Association Information
    Has Association: Yes HOA: $500.00 Association Amenities: Beach Access, Management, Tennis Court(s)

  • School Information

    Elementary School: Union
    Junior High School: Shallotte Middle
    Senior High School: West Brunswick
  • Utility Information

    Cable Available, Sewer Connected, Water Connected
  • Location Information

    Direction: From downtown Wilmington, take US-17S/US-76W/Wooster St. Keep (R) to take US-17S exit toward Brunswick/County Beaches. Follow for approx 34 mi. (L) onto Ocean Isle Beach Rd SW. At traffic circle, take 2nd exit to stay on Ocean Isle Beach Rd SW. At next traffic circle, take 2nd exit onto Causeway Dr. At next traffic circle, take 1st exit onto W First St. House will be on (L) after approx 1.7 mi. WaterSource: Public Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2111 Cregan Cove #LOT 19, Ocean Isle Beach, NC, 28469 $324,900 3 2 1,425 1,425 SqFt
2061 Osprey Isle Lane #.., Ocean Isle Beach, NC, 28469 $229,500 3 3 1,437 1,437 SqFt
6425 Swaison Street #LO.., Ocean Isle Beach, NC, 28469 $259,550 3 2 1,046 1,046 SqFt
2108 Cregan Cove #LOT 2, Ocean Isle Beach, NC, 28469 $424,900 4 3 2,057 2,057 SqFt
2107 Cregan Cove #LOT 18, Ocean Isle Beach, NC, 28469 $389,900 3 3 1,894 1,894 SqFt
2126 Cregan Cove #LOT 6, Ocean Isle Beach, NC, 28469 $425,900 4 3 2,057 2,057 SqFt
2119 Cregan Cove #LOT 21, Ocean Isle Beach, NC, 28469 $324,900 3 2 1,425 1,425 SqFt
2122 Cregan Cove #LOT 5, Ocean Isle Beach, NC, 28469 $389,900 3 3 1,608 1,608 SqFt
2114 Cregan Cove #LOT 3, Ocean Isle Beach, NC, 28469 $389,900 3 3 1,608 1,608 SqFt
2134 Cregan Cove #LOT 8, Ocean Isle Beach, NC, 28469 $425,900 4 3 2,057 2,057 SqFt

The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 07/25/2026 @ 20:29

MLS: 100591472 LISTED BY: Kristen Lueck, Compass Carolinas LLC SOURCE: Hive MLS (North Carolina Regional)

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