Investor Alert - Gross Rental Income Exceeds $600,000 Annually!
Rarely does an opportunity like this come to market. Southern Grace is an extraordinary turnkey oceanfront investment property in North Topsail Beach, generating over $600,000 in annual gross rental income with an exceptional, proven rental history.
One of the largest homes on Topsail Island, this impressive 8,300+ sq. ft. oceanfront estate offers 16 bedrooms, 16 full ensuite bathrooms, and 2 half baths, comfortably accommodating up to 60 guests. Designed to host unforgettable experiences, the home is perfectly suited for multi-generational family vacations, corporate retreats, weddings, reunions, and other special events.
Positioned on an expansive oceanfront lot, Southern Grace showcases breathtaking beachfront views, multiple spacious living and gathering areas, elevator access to every level, and expansive oceanfront and sound-side decks ideal for taking in spectacular sunrises, sunsets, and frequent dolphin sightings.
Resort-style outdoor amenities include a private oceanfront swimming pool, tiki bar, generous parking, and direct beach access, creating the ultimate destination for large groups seeking a luxury coastal escape.
Offered fully furnished and rental ready, this exceptional estate provides the rare opportunity to step into a thriving income-producing investment while enjoying one of the premier luxury oceanfront properties on Topsail Island.
For sale
$4,898,000
2068 New River Inlet Road, North Topsail Beach, NC 28460
16beds
8,321sqft
:
Get pre-qualified$29,318/mo
Single Family Residence
Built in 2015
1.11 Acres Lot
$4,377,900 Zestimate®
$589/sqft
$-- HOA
What's special
Direct beach accessExpansive oceanfront lotFrequent dolphin sightingsGenerous parkingTiki barPrivate oceanfront swimming poolBreathtaking beachfront views
- 84 days |
- 821 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Joann Marie McDermon 484-614-1204,
Better Homes and Gardens Real Estate Treasure,
Ashley Davis 910-777-9392,
Better Homes and Gardens Real Estate Treasure
Source: Hive MLS,MLS#: 100575812
Originating MLS: Topsail Island Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 18
- Full bathrooms: 16
- 1/2 bathrooms: 2
Rooms
- Room types: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Other, Bonus Room, Living Room
Bedroom 1
- Description: See description
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air, Zoned
Appliances
- Included: Mini Refrigerator, Electric Oven, Electric Cooktop, Built-In Microwave, Washer, Refrigerator, Dryer, Double Oven, Disposal, Dishwasher
- Laundry: Laundry Room
Features
- Vaulted Ceiling(s), High Ceilings, Entrance Foyer, Solid Surface, Kitchen Island, Elevator, Furnished, Hot Tub, Reverse Floor Plan, Blinds/Shades
- Flooring: Carpet, Tile, Wood
- Basement: None
- Furnished: Yes
Interior area
- Total structure area: 8,321
- Total interior livable area: 8,321 sqft
Property
Parking
- Parking features: Additional Parking, On Site
- Details: Large driveway
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Patio & porch: Covered, Deck, Balcony
- Exterior features: Outdoor Shower, Gas Grill
- Pool features: In Ground
- Fencing: Back Yard,Wood
- Has view: Yes
- View description: Ocean, Sound, Water
- Has water view: Yes
- Water view: Ocean,Sound,Water
- Waterfront features: Deeded Beach Access, Waterfront, Ocean Front
- Frontage type: Oceanfront
Lot
- Size: 1.11 Acres
- Dimensions: 64.79 x 746.41 x 64.65
- Features: Dunes, Deeded Beach Access, Deeded Waterfront, Ocean Side
Details
- Parcel number: 7784.7
- Zoning: R-20
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Wood Frame
- Foundation: Other, Pilings
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
- Amenities included: Termite Bond, None
Location
- Region: North Topsail Beach
Financial & listing details
- Price per square foot: $589/sqft
- Tax assessed value: $2,789,295
- Annual tax amount: $30,263
- Date on market: 5/21/2026
- Cumulative days on market: 84 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Commercial,Cash,Conventional
- Lease term: Weekly
- Road surface type: Paved
Estimated market value
Zestimate®
$4,377,900
Estimated sales range
$4.16M - $4.60M
Rent Zestimate®
$1,376/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Listed for sale | $4,898,000+2.1%$589/sqft |
Source: | ||
| 10/31/2025 | Listing removed | $4,799,000$577/sqft |
Source: | ||
| 5/20/2025 | Listed for sale | $4,799,000-1.1%$577/sqft |
Source: | ||
| 5/9/2025 | Listing removed | $4,850,000$583/sqft |
Source: | ||
| 4/9/2025 | Price change | $4,850,000-7.6%$583/sqft |
Source: | ||
| 2/18/2025 | Listed for sale | $5,250,000-4.5%$631/sqft |
Source: | ||
| 10/14/2024 | Listing removed | $5,500,000$661/sqft |
Source: | ||
| 5/12/2024 | Contingent | $5,500,000$661/sqft |
Source: | ||
| 5/10/2024 | Pending sale | $5,500,000$661/sqft |
Source: | ||
| 4/20/2024 | Listed for sale | $5,500,000+10.2%$661/sqft |
Source: | ||
| 5/2/2021 | Listing removed | -- |
Source: | ||
| 4/24/2021 | Price change | $4,990,000+13.5%$600/sqft |
Source: | ||
| 4/17/2021 | Price change | $4,395,000+4.9%$528/sqft |
Source: | ||
| 3/14/2021 | Price change | $4,190,000+5%$504/sqft |
Source: | ||
| 1/11/2021 | Listed for sale | $3,990,000+1496%$480/sqft |
Source: | ||
| 6/19/2014 | Sold | $250,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,263 | $2,789,295 |
| 2024 | $30,263 +0% | $2,789,295 |
| 2023 | $30,262 0% | $2,789,295 |
| 2022 | $30,264 +57.2% | $2,789,295 +68.8% |
| 2021 | $19,256 +4.5% | $1,652,880 |
| 2020 | $18,430 | $1,652,880 |
| 2019 | $18,430 +6.3% | $1,652,880 |
| 2018 | $17,330 +14.4% | $1,652,880 +16.6% |
| 2017 | $15,148 | $1,418,070 |
| 2016 | $15,148 +372.7% | $1,418,070 +372.7% |
| 2015 | $3,205 | $300,000 |
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: 28460
Nearby schools
GreatSchools rating
- 10/10Coastal ElementaryGrades: K-5Distance: 7.8 mi
- 7/10Dixon MiddleGrades: 6-8Distance: 5 mi
- 5/10Dixon HighGrades: 9-12Distance: 8.4 mi
Schools provided by the listing agent
- Elementary: Coastal
- Middle: Dixon
- High: Dixon
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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