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510 W St George Street

Southport, NC 28461
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Bed 10

Bed

Bath 9

Bath

Acres0.25

Acre(Lot)

Grandfathered short-term rental rights in downtown Southport -- the one thing investors can't buy anymore, and this five-unit has it. Four bright 2BR/2BA units built in 2019 plus a private cottage, set on a quarter-acre pond-front lot three blocks from the shops, restaurants, and waterfront of one of North Carolina's most beloved coastal towns. The opportunity pencils two ways: projected at $150,000 gross on all annual leases, or blend in short-term rentals on two units and the pro forma reaches $181,250 gross -- roughly a 7.2% projected cap at asking. Newer construction keeps maintenance light, tenants pay their own utilities, and Oak Island's beaches are minutes away. A walkable, water-view income property with a licensing moat around it -- the kind of Southport offering that com es along once a cycle. Pro forma projections available; buyers to verify all figures and rental permissions. Offered at $1,699,900.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,699,900

AD Id : 88321983

MLS Id : 100590676

Beds : 10

Lot Size : 0.25 Acre

Year Built : 2019

Garage : 4

County : Brunswick

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Map

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 9

    Room Information

    Basement: None
  • Roofing Information

    Shingle
  • Interior Features

    Kitchen Island Roof: Shingle Appliances: Electric Oven, Electric Cooktop, Refrigerator, Electric Water Heater Laundry Features: Washer Hookup
  • Heating & Cooling

    Has Heating: Yes Heating: Heat Pump, Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Heat Pump

  • Building Information

    Year Built: 2019 Building Area Total: 5268 Construction Materials: Brick Veneer, Vinyl Siding, Frame Patio And Porch Features: Patio, Porch Pool Features: None Private Pool: No Water front Features: Pond View: Pond

  • Lot Information

    Lot Dimensions: 61x208x57x194. 59x194x54x181 Main Square Feet: 0.25 Acres Lot Size Acres: 0.25 Lot Size Square Feet: 10977 Lot Description: Interior Lot

    Property Information

    Subdivision: Not In Subdivision Source Property Type: Residential Income Property SubType: Quadruplex Levels: One Property Age: 7

  • Listing Price Information

    Listing Price: $1699900 Cash, Conventional

  • Tax Information

    Parcel Number: 237la02885 Tax Block: 479 Tax Year: 2025 Annual Tax: $2102.9

  • Parking Information

    Parking Total: 4 Shared Driveway, Gravel

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 4

  • School Information

    Elementary School: Southport
    Junior High School: South Brunswick
    Senior High School: South Brunswick
  • Utility Information

    Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: Driving on W St George property will be on right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5052 Wyncie #5052, Southport, NC, 28461 $279,000 2 2 --

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ByOwner last updated this listing 07/24/2026 @ 22:53

MLS: 100590676 LISTED BY: Zack Bryant Team, Berkshire Hathaway HomeServices Carolina Premier Properties SOURCE: Hive MLS (North Carolina Regional)

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