5205 E Pelican Dr, Oak Island, NC 28465

$1,100,000
6
BD
6
BA
2,643
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$1,100,000
List Price
$1,147,000
Status
CLOSED
MLS#
100524208
Closing Date
Feb 12, 2026
Days on Market
146
Year Built
2022
Levels
Two
Bedrooms
6
Bathrooms
6
Full-baths
6
Living Area
2,643
Acres
0.12
Neighborhood
Not In Subdivision

Property Description

Enjoy coastal living at its finest in this beautiful two-story home on pilings, located just steps from the beach on Oak Island's desirable third row. From both spacious decks, take in the beautiful ocean views that make every sunrise and sunset feel like a private show. Sold fully furnished (with some décor and fishing item exclusions), this property is ready to start enjoying or renting right away. The unique layout features two identical floor plans—one on each level—each with its own living area, kitchen, bedrooms, and baths. Use it for one large vacation retreat perfect for hosting family and friends. Outdoor living shines here with a regulation-size corn hole area, relaxing swings, a grilling area, and an outdoor shower to rinse off after beach days. You'll also love the convenient location close to grocery stores, shopping, and dining, making every visit easy and enjoyable. This property currently generates nearly $70,000 in annual rental income under the owner's management. Some rental program projections predict more than $100,000 in rental income making it an exceptional opportunity for investors and vacationers alike. Whether you're seeking a smart investment, a multi-family getaway, or a mix of both, this home offers endless possibilities in one of the island's most sought-after locations. Don't miss the opportunity to own this unique property. Schedule your tour today!

Additional Information

Interior Features
High Ceilings, Kitchen Island, Furnished, Drapes/Blinds
Cooling
Central Air
Heating
Electric, Heat Pump
Foundation
Other, Pilings
Roof
Architectural
Utilities
Sewer Connected, Water Available
Lot Water Features
Third Row
Water
Public
Elementary School
Southport
Middle School
South Brunswick
High School
South Brunswick

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Island Life Real Estate, LLC. Selling Office: Grow Local Realty LLC.

Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.