For sale

Price cut: $75.1K (7/22)

$1,699,900

510 W St George Street, Southport, NC 28461

8beds

9baths

5,268sqft

$9,332/mo

Get pre-qualified

Quadruplex

Built in 2019

-- sqft lot

$1,577,100 Zestimate^®

$323/sqft

$-- HOA

What's special

Grandfathered short-term rental rights in downtown Southport -- the one thing investors can't buy anymore, and this five-unit has it. Four bright 2BR/2BA units built in 2019 plus a private cottage, set on a quarter-acre pond-front lot three blocks from the shops, restaurants, and waterfront of one of North Carolina's most beloved coastal towns. The opportunity pencils two ways: projected at $150,000 gross on all annual leases, or blend in short-term rentals on two units and the pro forma reaches $181,250 gross -- roughly a 7.2% projected cap at asking. Newer construction keeps maintenance light, tenants pay their own utilities, and Oak Island's beaches are minutes away. A walkable, water-view income property with a licensing moat around it -- the kind of Southport offering that comes along once a cycle. Pro forma projections available; buyers to verify all figures and rental permissions. Offered at $1,699,900.

34 days

583

36

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 9

Dining room

Features: Combination

Heating

Heat Pump, Electric, Forced Air

Cooling

Central Air, Heat Pump

Appliances

Included: Electric Oven, Electric Cooktop, Refrigerator
Laundry: Dryer Hookup, Washer Hookup, Hookup - Dryer

Features

Kitchen Island
Flooring: LVT/LVP
Basement: None

Interior area

Total structure area: 5,268
Total interior livable area: 5,268 sqft

Property

Parking

Total spaces: 4
Parking features: Shared Driveway, Gravel
Attached garage spaces: 4
Has uncovered spaces: Yes

Features

Levels: One
Patio & porch: Patio, Porch
Pool features: None
Fencing: None
Has view: Yes
View description: Pond
Has water view: Yes
Water view: Pond
Waterfront features: None, Pond
Frontage type: Pond Front

Lot

Size: 0.25 Acres
Dimensions: 61 x 208 x 57 x 194. 59 x 194 x 54 x 181
Features: Interior Lot

Details

Parcel number: 237la02885
Zoning: SP-MF
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Brick Veneer, Vinyl Siding, Wood Frame
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 2019

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Not In Subdivision

HOA

Has HOA: No

Location

Region: Southport

Financial & listing details

Price per square foot: $323/sqft
Tax assessed value: $287,570
Annual tax amount: $2,102
Date on market: 7/22/2026
Cumulative days on market: 34 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$1,577,100

$1.50M - $1.66M

$1,690/mo

Price history

Date	Event	Price
7/22/2026	Price change	$1,699,900-4.2%$323/sqft
Source: Hive MLS #100590676 Report a problem
4/9/2026	Pending sale	$1,775,000$337/sqft
Source: BHHS broker feed #100552561 Report a problem
4/8/2026	Contingent	$1,775,000$337/sqft
Source: Hive MLS #100552561 Report a problem
2/3/2026	Listed for sale	$1,775,000$337/sqft
Source: Hive MLS #100552561 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,103 +0.1%	$287,570
2024	$2,102 +2.6%	$287,570
2023	$2,049 +16.9%	$287,570 +60.1%
2022	$1,753 +13.6%	$179,600
2021	$1,543 +81.4%	$179,600 +76.2%
2020	$850	$101,950