1611 E Pelican Drive

Oak Island, NC 28465
List Price
$875,000
1611 E Pelican Drive
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Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

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Dawn Wagner
Dawn Wagner
Savvy STR Agent

About This Property

Coastal charm and thoughtful design come together in this fully furnished 4 bedroom, 3 bath home on Oak Island! Just a short distance to beach access, AND you'll also enjoy views of the Davis Canal from the front porch and easy access to both the Ocean Crest Pier and the 20th Street beach walkover. This home has an extraordinary rental income track record with 4 years of rental income to show for -- with it earning over $61,000 in 2025 alone! Inside, the well-designed floor plan offers two bedrooms with their own en-suite bathrooms, each featuring beautifully tiled walk-in showers. The two additional guest bedrooms are connected by a Jack-and-Jill bath. Both front bedrooms also enjoy direct access to the front deck, bringing in natural light and coastal breezes. The open kitchen is the heart of the home, featuring granite countertops, a center island, generous cabinet space, and an easy flow into the main living area. Just outside, the rear exterior stairs lead to a covered outdoor living space complete with a large outdoor shower and a dedicated storage room - perfect for keeping all of your beach essentials organized. Situated in the heart of Oak Island, you'll enjoy convenient access to the island's beaches, public boat launches, parks, golf, tennis, pickleball, basketball courts, splash pad, public docks, and more--all with no HOA fees. So whether you're searching for a primary residence, second home, or investment property, this is coastal living at its best!

Family-friendly
Pet-friendly
Beach
Water View

Property Details

4
Bedrooms
3
Bathrooms
1,545
Square Feet
2021
Year Built
0.18 ac
Lot Size
Single Family
Property Type

Projected Opportunity

Revenue Range
Projected ROI (optimized)
Avg Daily Rate
Avg Occupancy

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Luxury Beach House w/ Pool & Hot Tub - Sleeps 12

Luxury Beach House w/ Pool & Hot Tub - Sleeps 12

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Savvy Recommended Upgrades

Add pool/hot tub

Est. $80,000

Your Agent

Dawn Wagner

Dawn Wagner

STR Investment Specialist

Oak Island, NC

1
Deals Closed
0
Years Experience

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Listing agent: Pinpoint Properties. Listing courtesy of REAL Broker LLC. Information deemed reliable but not guaranteed.

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