About This Home

This 10-bedroom, 10-bathroom single family at 387 W First Street in Ocean Isle Beach, NC is listed for $4,625,000 ($858 per sqft). Built in 2024, the home offers 5,390 sqft of living space on a 0.42 acres lot.

Key Features

  • Built in 2024
  • 0.42 acre lot
  • 3 stories
  • 12 parking spaces
  • Private pool
  • Waterfront

Property Details

3 stories
8 full, 2 half
6-car garage
2024

Amenities

PoolWaterfrontViewA/C
Listing Description

Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Ask us about an up to 1% lender incentive! Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,00

0 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 exceptional 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.

Monthly Cost Estimate

$25,235/mo

20% down · 6.5% · 30 years

Principal$3,345
Interest$20,042
Insurance$1,349
HOA$500

Estimates only. Actual payments may vary.

Location

387 W First Street

Ocean Isle Beach, NC 28469

Islander Resort

Features & Amenities

Interior Features

Walk-in Closet(s)High CeilingsEntrance FoyerKitchen IslandElevatorCeiling Fan(s)FurnishedPantryWalk-in ShowerWet BarBuilt-in FeaturesWalk-In Closet(s)

Exterior Features

Outdoor ShowerIrrigation SystemGas GrillOutdoor KitchenOutdoor Grill

Property Details

Flooring

Lvt/lvpTile

Construction

Fiber Cement Wood Frame

Views

WaterOcean

Pool Features

Pool

Outdoor Features

PorchPatioDeck

Parking

TandemGarageOff Street

Heating

Heat Pump (Heating)Forced AirPropane (Heating)

Cooling

Heat PumpMulti UnitsCeiling Fan(s)Central Air

Appliances

Electric OvenFreezerWasherRefrigeratorIce MakerDryerDouble OvenDisposalDishwasherTankless Water HeaterGas Range

Questions & Answers

This 10-bedroom, 10-bathroom single family at 387 W First Street is listed at $4,625,000 ($858/sqft). The estimated monthly payment is $25,236 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $500/month.

Key features include: Built in 2024, 0.42 acre lot, 3 stories, 12 parking spaces, Private pool, Waterfront. Interior Features: Walk-in Closet(s), High Ceilings, Entrance Foyer. Exterior Features: Outdoor Shower, Irrigation System, Gas Grill.

This property is listed by Kristen Lueck.

KL

Kristen Lueck

License 344665

Agent at Compass North Carolina, LLC The Coley Group Inc

Listed by Compass North Carolina, LLC The Coley Group Inc · Broker phone: 9195260401 · View on Broker Site

MLS# 100591472· Source: Hive MLS· 97 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

387 W First Street, Ocean Isle Beach, NC 28469

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