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For sale
    • $4,685,000

    387 W First Street, Ocean Isle Beach, NC 28469

    10beds
    5,390sqft
    : 
    $27,662/mo
    Get pre-qualified
    Single Family Residence
    Built in 2024
    0.42 Acres Lot
    $4,364,900 Zestimate®
    $869/sqft
    $42/mo HOA

    What's special

    Oceanfront residenceCoveted south-facing shorelineGenerous prep spaceEntertainment centerTwo laundry roomsDouble ovensDual sinks
    Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 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.
    11 days
    |
    692
    |
    42
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristen Lueck 919-434-1302,

    Compass Carolinas LLC

    Source: Hive MLS,MLS#: 100591472MLS LogoOriginating MLS: Cape Fear Realtors MLS, Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 10
      • Full bathrooms: 8
      • 1/2 bathrooms: 2
      Rooms
      • Room types: Dining Room, Living Room, Laundry, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Bedroom 4, Bedroom 5, Bedroom 6, Office, Bedroom 7, Bedroom 8, Bedroom 9, Master Bedroom, Other, Utility Room
      Primary bedroom
      • Level: Third
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Bedroom 3
      • Level: Main
      Bedroom 4
      • Level: Upper
      Bedroom 5
      • Level: Upper
      Bedroom 6
      • Level: Upper
      Other
      • Level: Upper
      Other
      • Level: Upper
      Other
      • Level: Upper
      Dining room
      • Level: Main
      Family room
      • Level: Upper
      Kitchen
      • Level: Main
      Laundry
      • Level: Third
      Laundry
      • Level: Main
      Living room
      • Level: Main
      Office
      • Level: Upper
      Other
      • Description: Master Sitting Room
      • Level: Third
      Utility room
      • Level: Third
      Heating
      • Propane, Heat Pump, Forced Air
      Cooling
      • Central Air, Ceiling Fan(s), Heat Pump, Multi Units
      Appliances
      • Included: Electric Oven, Freezer, Washer, Refrigerator, Ice Maker, Dryer, Double Oven, Disposal, Dishwasher, Tankless Water Heater, Gas Range
      • Laundry: Dryer Hookup, Washer Hookup, Laundry Closet, Laundry Room
      Features
      • Walk-in Closet(s), High Ceilings, Entrance Foyer, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Wet Bar, Built-in Features, Walk-In Closet(s)
      • Flooring: LVT/LVP, Tile
      • Attic: Access Only
      • Furnished: Yes
      Interior area
      • Total structure area: 5,390
      • Total interior livable area: 5,390 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage Faces Front, Attached, Gravel, Off Street, Tandem, Garage, Underhouse
      • Attached garage spaces: 6
      Accessibility
      • Accessibility features: Accessible Full Bath, Accessible Approach with Ramp, Accessible Elevator Installed
      Features
      • Levels: Three Or More
      • Patio & porch: Covered, Deck, Patio, Balcony, Front Porch, Rear Porch
      • Exterior features: Outdoor Shower, Irrigation System, Gas Grill, Outdoor Kitchen, Outdoor Grill
      • Has private pool: Yes
      • Pool features: In Ground, Pool/Spa Combo, Private
      • Fencing: Back Yard,Vinyl
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      • Waterfront features: Ocean Front
      • Frontage type: Oceanfront
      Lot
      • Size: 0.42 Acres
      • Dimensions: 60 x 292 x 65 x 291
      • Features: Dead End, Dunes, Ocean Side
      Details
      • Parcel number: 257jc020
      • Zoning: OI-C-1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Fiber Cement, Wood Frame
      • Foundation: Other, Pilings
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2024

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Islander Resort
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Access, Maintenance Roads, Management, Tennis Court(s), Club Membership
      • HOA fee: $500 annually
      • HOA name: CAM OIB
      • HOA phone: 910-579-5163
      Location
      • Region: Ocean Isle Beach

      Financial & listing details

      • Price per square foot: $869/sqft
      • Tax assessed value: $3,410,890
      • Annual tax amount: $12,936
      • Date on market: 7/24/2026
      • Cumulative days on market: 11 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,VA Loan
      • Road surface type: Paved

        Estimated market value

        $4,364,900

        $4.15M - $4.58M

        $3,516/mo

        Price history

        DateEventPrice
        7/24/2026Listed for sale$4,685,000$869/sqft
        Source: Hive MLS #100591472 Report a problem
        6/22/2026Listing removed$4,685,000$869/sqft
        Source: Hive MLS #100559556 Report a problem
        5/14/2026Price change$4,685,000-2.9%$869/sqft
        Source: Hive MLS #100559556 Report a problem
        3/11/2026Listed for sale$4,825,000-2.5%$895/sqft
        Source: Hive MLS #100559556 Report a problem
        11/4/2025Listing removed$4,950,000$918/sqft
        Source: Hive MLS #100371825 Report a problem
        4/12/2023Listing removed--
        Source: Hive MLS #100371825 Report a problem
        3/1/2023Price change$4,950,000+67.8%$918/sqft
        Source: Hive MLS #100371825 Report a problem
        11/14/2022Listed for sale$2,950,000+68.6%$547/sqft
        Source: Hive MLS #100358178 Report a problem
        11/10/2022Sold$1,750,000-46.2%$325/sqft
        Source: Hive MLS #100318482 Report a problem
        8/11/2022Pending sale$3,250,000$603/sqft
        Source: Hive MLS #100340619 Report a problem
        7/24/2022Listed for sale$3,250,000+85.7%$603/sqft
        Source: Hive MLS #100340619 Report a problem
        6/30/2022Listing removed--
        Source: Hive MLS #100318482 Report a problem
        3/24/2022Listed for sale$1,750,000$325/sqft
        Source: Hive MLS #100318482 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 28469

        Getting around

        0 / 100
        Car-Dependent
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Union
        • Middle: Shallotte Middle
        • High: West 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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