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Sold for $950,000
  • $950,000

    2602 E Beach Drive, Oak Island, NC 28465

    2beds
    1,755sqft
    Single Family Residence
    Built in 1955
    7,405 Square Feet Lot
    $948,200 Zestimate®
    $541/sqft
    $1,702 Estimated rent

    Home value

    $948,200

    $872,000 - $1.02M

    $1,702/mo

    Zestimate® history
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    What's special

    GROSS RENTAL 2025 INCOME $100,000+. Once in a while, a home comes on the market that is so special that it captures everyone's heart. In this case, we present to you TWO homes on one 2nd row homesite at 2602 E Beach Drive, Oak Island. These recently remodeled beach cottages are going to pull tightly at your heartstrings. This is a rare opportunity to have two detached cottages that are located across the street from direct access to the Atlantic Ocean. Each cottage offers 2 bedrooms and 1 bathroom. The main cottage is perfectly situated on Beach Drive and the guest cottage is located directly behind the main cottage. These beach cottages will remind you of your best childhood days on the beach surrounded by those that mean the most to you. Oak Island was once a yesteryear beach that caught the attention of families and fishermen who would travel to OKI to gather with their friends. Their days would be spent fishing and playing on the island's golden sand beaches and they would come together in the evening to reward themselves with the fresh seafood that they had caught that day. If these walls could talk, there would be Fish Tales for days! These 1950s era cottages hold all the classic coastal charm that your heart could desire. These cottages were thoughtfully and carefully designed to accommodate lots of guests and to serve as a gathering place where lifelong memories can be developed and dreams can become a reality. A large deck separates the two cottages which is perfect for coming together while also offering a private place to retreat to after a long day of fun. Oak Island offers a south-facing beach that gifts its residents and visitors the most glorious sunrises and the most peaceful sunsets that you could ever imagine. When you arrive at 2602 E Beach, you will know that you have arrived at something special as you feel your soul calm while you listen to the crashing waves and wind blown palms. As you enter the main cottage, you will be welcomed by a large enclosed front porch. Once inside, you will find an open living concept for easy living that invites you to come inside to curl up with a great book or to make a delicious meal with your family and friends. The main cottage also offers 2 bedrooms, 1 bathroom and an upstairs loft area that is perfect for a play area or storage. The kitchen will meet all of your needs with its modern amenities, ample cabinet space, and bar area. The back door to the main cottage leads you to a large open deck with outdoor shower. While the deck is shared between the two cottages, each cottage provides its own outdoor shower. As you make your way into the guest cottage, you are welcomed with a foyer area that could also serve as another living space, office, dining area, playroom, exercise area and so much more. Your guest cottage is anchored by its bright and open living/dining area that is ready to serve as the perfect backdrop for playing games, putting together those puzzles, or just simply sitting and enjoying your favorite tv show with those you love most. The guest cottage also offers a fully equipped kitchen, 2 bedrooms, and one bathroom. There is also a private side deck that is set up to accommodate lunch in the afternoon or dinner under the stars in the evening. As you make your way outside, you will be mesmerized by the sound of the ocean's waves crashing just steps away from you. Located in the hot spot on the island, these cottages are also a quiet safe haven due to their unique location and set-up. Calling all Sunseekers!!! Oak Island, name a Top Ten Beach Town by "Coastal Living Magazine," is known for its golden sand beaches, blue waters, friendly community, and its close proximity to the Historic Cities of Southport, NC, Wilmington, NC. and Myrtle Beach, SC. The island life on Oak Island is like no other! Some of the best restaurants along the coast are just a short commute away and during the Spring and Summer seasons, those local favorites are just a short golf cart ride away! There are many cute coffee shops, great stores, and parks on the island! Oak Island is even the home to a splashpad for true summer fun! You are just a short distance from the Jetport, OKI Lighthouse and OKI Golf Club! Hurry and you can start living your best island life right now! These cottages are currently on the rental market and managed privately by the owner! You may choose to make this your primary home, 2nd home or it can serve you well as an investment property. Hurry! Don't let someone steal your opportunity! Remember... the ONLY thing better than a Beach Cottage is TWO Beach Cottages. Here is your chance! Being offered "As-Is with rights to inspect." The Seller will allow the new owner to take over the LLC, Website domain, Logo, Branding, Brochures, etc should they wish to do so. Seller will consider all offers.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kathy Ross 910-279-2613,

    Palm Realty, Inc.

    Bought with:

    Dawn M. Wagner, 363474

    Keller Williams Innovate-OKI

    Source: Hive MLS,MLS#: 100537194MLS LogoOriginating MLS: Brunswick County Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: Primary Living Area
    Heating
    • Other
    Cooling
    • Other
    Features
    • Furnished
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 879
    • Total interior livable area: 1,755 sqft

    Property

    Parking
    • Parking features: On Site
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck, Enclosed, Porch
    • Fencing: None
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Second Row
    Lot
    • Size: 7,405 Square Feet
    • Features: See Remarks, Corner Lot, Second Row
    Details
    • Parcel number: 235oc012
    • Zoning: Ok-R-7
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding, Wood Siding, Wood Frame
    • Foundation: See Remarks
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available, Water Available

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Not In Subdivision
    HOA
    • Has HOA: No
    • Amenities included: Basketball Court, Park, Pickleball, Picnic Area, Playground, Tennis Court(s), See Remarks
    Location
    • Region: Oak Island

    Financial & listing details

    • Price per square foot: $541/sqft
    • Tax assessed value: $620,520
    • Annual tax amount: $4,165
    • Date on market: 10/21/2025
    • Cumulative days on market: 85 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,VA Loan,See Remarks
    • Lease term: Short Term Lease
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/2/2026Sold$950,000-5%$541/sqft
    Source: Hive MLS #100537194 Report a problem
    1/13/2026Contingent$999,900$570/sqft
    Source: Hive MLS #100537194 Report a problem
    10/21/2025Listed for sale$999,900+20.7%$570/sqft
    Source: Hive MLS #100537194 Report a problem
    6/21/2024Sold$828,750-7.9%$472/sqft
    Source: Hive MLS #100419723 Report a problem
    5/3/2024Contingent$899,900$513/sqft
    Source: Hive MLS #100419723 Report a problem
    5/3/2024Pending sale$899,900$513/sqft
    Source: Hive MLS #100419723 Report a problem
    4/19/2024Price change$899,900-2.7%$513/sqft
    Source: Hive MLS #100419723 Report a problem
    4/5/2024Price change$925,000-3.6%$527/sqft
    Source: Hive MLS #100419723 Report a problem
    3/30/2024Price change$960,000-1.5%$547/sqft
    Source: Hive MLS #100419723 Report a problem
    12/26/2023Listed for sale$975,000+150%$556/sqft
    Source: Hive MLS #100419723 Report a problem
    1/7/2020Sold$390,000+116.6%$222/sqft
    Source: Public Record Report a problem
    5/2/2013Sold$180,025-66.4%$103/sqft
    Source: Public Record Report a problem
    8/18/2010Listing removed$535,000$305/sqft
    Source: Intracoastal Realty Corp #640723 Report a problem
    8/30/2009Listed for sale$535,000$305/sqft
    Source: Intracoastal Realty Corp #640723 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,370 -7.8%$620,520
    2024$2,570 $620,520
    2023$2,570 +55.6%$620,520 +121.4%
    2022$1,652 +1.9%$280,330
    2021$1,622 +0.1%$280,330
    2020$1,620 $280,330
    2019$1,620 +10%$280,330 +63.1%
    2018$1,473 +1.9%$171,850
    2017$1,446 $171,850
    2016$1,446 $171,850 -31.9%
    2015$1,446 -22.6%$252,360 -30.5%
    2014$1,867 $363,254
    2013-- --
    2012-- --
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    Find assessor info on the county website

    Neighborhood: 28465

    Nearby schools

    GreatSchools rating
    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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    Estimated market value
    $948,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $948,200