Exceptional development opportunity on Oak Island! These two vacant land lots are ideally positioned just one street from the ocean in one of the island's most sought after coastal locations. Zoned and available for the development of up to 26 condos, this property presents a rare chance for investors and developers to capitalize on the growing demand for luxury beachside living and vacation rentals.Located near public beach access, restaurants, shopping, and entertainment, this prime site offers incredible potential for a high-income producing condo project in a thriving coastal market. With strong tourism, expanding development, and limited ocean-area land availability, this property is perfectly suited for a premier residential or mixed-use investment. Don't miss this rare opportunity to develop a 26-unit condo project just steps from the beach on beautiful Oak Island, NC.
Pending
$2,600,000
120 SE 58th Street, Oak Island, NC 28465
--beds
0baths
--sqft
:
Get pre-qualified$15,676/mo
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 20 days |
- 21 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Rokoski Real Estate Group 910-799-3435,
Coldwell Banker Sea Coast Advantage,
Caden Hughes 704-740-2999,
Coldwell Banker Sea Coast Advantage
Source: Hive MLS,MLS#: 100574137
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: None
Lot
- Size: 1.31 Acres
- Topography: Cleared,Level
Details
- Additional structures: None
- Parcel number: 236pb023
- Zoning: CR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Palms at Long Bay
HOA
- Has HOA: Yes
- Amenities included: None
Location
- Region: Oak Island
Financial & listing details
- Tax assessed value: $107,660
- Date on market: 5/15/2026
- Cumulative days on market: 21 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
$2,225/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Pending sale | $2,600,000 |
Source:  Hive MLS #100574137 Report a problem | ||
| 5/15/2026 | Listed for sale | $2,600,000+766.7% |
Source: Hive MLS #100574137 Report a problem | ||
| 12/7/2006 | Sold | $300,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $107,660 |
| 2024 | $400 | $107,660 |
| 2023 | $400 +11.1% | $107,660 -8.2% |
| 2022 | $360 +20% | $117,320 |
| 2021 | $300 +20% | $117,320 |
| 2020 | $250 | $117,320 |
| 2019 | $250 | $117,320 -21% |
| 2018 | $250 +25% | $148,540 |
| 2017 | $200 | $148,540 |
| 2016 | $200 | $148,540 |
| 2015 | $200 | $148,540 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28465
Nearby schools
GreatSchools rating
- 8/10Southport ElementaryGrades: K-5Distance: 4.4 mi
- 4/10South Brunswick MiddleGrades: 6-8Distance: 7.6 mi
- 4/10South Brunswick HighGrades: 9-12Distance: 7.9 mi
Schools provided by the listing agent
- Elementary: Southport
- Middle: South Brunswick
- High: South Brunswick
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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