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Sold for $878,000
  • $878,000

    5227 E Pelican Drive, Oak Island, NC 28465

    4beds
    1,700sqft
    Single Family Residence
    Built in 1984
    8,276 Square Feet Lot
    $875,500 Zestimate®
    $516/sqft
    $2,470 Estimated rent

    Home value

    $875,500

    $797,000 - $963,000

    $2,470/mo

    Zestimate® history
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    $2,470/mo

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    $5,094/mo

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    $5,094/mo

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    What's special

    Location! Location! Location! Ready to own this piece of paradise on Oak Island? It is a proven renter nestled in the heart of everything with an ocean view! What more can you want? Bring family and friends to enjoy this 4 bedroom 2 bath piling home newly renovated and ready for new owners. Being offered fully furnished with exceptions so bring your flip flops, swim suit and sense of adventure. With ocean and island views off 6 porches/balconies both screened and open air on both sided of the home you'll spend as much time outside as inside. Travel up the outside staircase to the main level of the home with open floor plan, towering vaulted ceiling and new LVP flooring. Relax in the living room, share a meal in the dining area prepared from the newly renovated kitchen! 2 bedrooms and newly remodeled hall bath and laundry room complete this floor. Upstairs you'll find 2 additional bedrooms and hall bath as well as a birds eye view into the living room. The home is situated on a .19 acre lot with ocean view and currently no neighbor to the left. The extended backyard leaves ample room for future pool (with town approval), fence or play area. There is ample gravel parking with more space underneath the home to get out of the sun and hang out, park a vehicle or golf cart or get the suntan lotion & sand off in the outdoor shower. A storage area offers plenty of room for beach chairs and toys! Conveniently located off 52nd St near all the amenities Oak Island has to offer including the splash pad, skate park, amphitheater, playground, tennis, pickle ball and of course the beach! Make this home your getaway to paradise or investment rental before someone else whisks it away!

    Zillow last checked:

    Listing updated:

    Listed by:

    The Dooley Group 910-250-8072,

    Discover NC Homes

    Bought with:

    Doreen Eby, 272957

    Fathom Realty NC LLC

    Source: Hive MLS,MLS#: 100499401MLS LogoOriginating MLS: Brunswick County Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Master Bedroom
    Primary bedroom
    • Level: Second
    • Dimensions: 14.4 x 12.9
    Bedroom 1
    • Level: First
    • Dimensions: 11.9 x 13.1
    Bedroom 2
    • Level: First
    • Dimensions: 11.9 x 12.11
    Bedroom 3
    • Level: Second
    • Dimensions: 11.4 x 13.3
    Dining room
    • Level: First
    • Dimensions: 10.2 x 9.11
    Kitchen
    • Level: First
    • Dimensions: 10.4 x 13.1
    Living room
    • Level: First
    • Dimensions: 18 x 22.3
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Heat Pump
    Appliances
    • Laundry: Laundry Room
    Features
    • Vaulted Ceiling(s), High Ceilings, Ceiling Fan(s), Walk-in Shower, Blinds/Shades
    • Flooring: Carpet, LVT/LVP, Tile
    • Has fireplace: No
    • Fireplace features: None
    • Furnished: Yes
    Interior area
    • Total structure area: 1,700
    • Total interior livable area: 1,700 sqft

    Property

    Parking
    • Parking features: Covered, Gravel, Concrete, Off Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open, Covered, Deck, Porch, Screened, Balcony
    • Fencing: None
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: None
    Lot
    • Size: 8,276 Square Feet
    • Dimensions: 50 x 182 x 52 x 167
    Details
    • Parcel number: 249dd015
    • Zoning: Ok-R-7
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Other, Pilings
    • Roof: Architectural Shingle
    Condition
    • New construction: No
    • Year built: 1984

    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
    Location
    • Region: Oak Island

    Financial & listing details

    • Price per square foot: $516/sqft
    • Tax assessed value: $685,290
    • Annual tax amount: $4,516
    • Date on market: 10/5/2025
    • Cumulative days on market: 12 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/20/2025Sold$878,000-2.4%$516/sqft
    Source: Hive MLS #100499401 Report a problem
    4/17/2025Contingent$899,900$529/sqft
    Source: Hive MLS #100499401 Report a problem
    4/6/2025Listed for sale$899,900+173.5%$529/sqft
    Source: Hive MLS #100499401 Report a problem
    4/7/2017Sold$329,000$194/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,618 -7.1%$685,290
    2024$2,818 $685,290
    2023$2,818 +30.5%$685,290 +81.7%
    2022$2,160 +1.4%$377,210
    2021$2,130 +1.2%$377,210
    2020$2,105 $377,210
    2019$2,105 +50.5%$377,210 +371.2%
    2018$1,399 +2.2%$80,050 +0.1%
    2017$1,369 $80,000
    2016$1,369 $80,000 -66.9%
    2015$1,369 -2.4%$241,740 -8.4%
    2014$1,403 $263,920
    2013-- --
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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
    $875,500
    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
    $875,500