NOT LISTED FOR SALE

1102 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,925,000 - $2,070,503

6 Beds
5 Baths
2,892 Sq Ft
$693/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $1,735,000 $600 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,388/month

3 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Vaulted Ceiling
  • In Ground Pool
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of September 2022

This gorgeous 2nd row NEWLY CONSTRUCTED home on a corner lot, offers stunning ocean views, private pool, and an elevator for you to enjoy. This great investment opportunity is a great income producer right out of the gate!!! Featuring a wonderful, inverted floor plan with the main living/kitchen/dining on the top floor that showcases large windows to maximize those amazing ocean views, sunrises and sunsets, along with 2 bedrooms. This home also offers a separate living area on the lower floor with wet bar for extra entertaining, and 4 more bedrooms. The gourmet kitchen offers a great space for the chef in the family with 2 refrigerators, 2 dishwashers, quartz countertops, upgraded lighting and appliances, and a HUGE kitchen island with seating for 6. There is also LVP flooring throughout, which is a must have at the beach! Other fabulous features with this home include an in-ground swimming pool, completly furnished and beautifully decorated, tankless water heater, Trex decking, built-in bocce ball court, elevator, outdoor storage, hot/cold outdoor shower, electric car charger, parking space for 8 cars, and the beach access right across the street. You are also within walking distance to Ocean Crest Pier. Talking about this home just does not do it justice. You simply must come see and experience for yourself the heavenly beach life that awaits you here. It's the ideal place for you to call home but would also make a fantastic second home or rental investment property. This house has it all!!! Come take a look and make it yours today!

Last Agent to Sell the Property

John Hamilton

Better Beach Sales & Rentals, Inc. License #225370 Listed on: 08/05/2022

Last Buyer's Agent

Joe Prillaman

Host Help LLC License #318732

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,012

Year Built

  • Built in 2022

Lot Details

  • 7,797 Sq Ft Lot
  • Lot Dimensions are 52 x 151
  • Fenced Yard
  • Decorative Fence
  • Corner Lot
  • Property is zoned R7

Home Design

  • Reverse Style Home
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,892 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Ocean Views
  • Attic Access Panel
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Kitchen Island
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms
  • Walk-in Shower

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Utilities

  • Heat Pump System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 235pb022

Community Details

Overview

  • No Home Owners Association
  • Oak Island Estates Subdivision

Amenities

  • Picnic Area

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,012

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2022
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination, Kitchen
  • Fireplace: None
  • Flooring: LVT/LVP
  • Heated Sq Ft: 2800 - 2999
  • Interior Amenities: 9Ft+ Ceilings, Blinds/Shades, Ceiling - Vaulted, Ceiling Fan(s), Elevator, Furnished, Kitchen Island, Reverse Floor Plan, Smoke Detectors, Solid Surface, Walk-in Shower, Wet Bar
  • Laundry Location: Closet
  • List Price per Sq Ft: 605.12
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 6
  • Number Rooms: 10
  • Sq Ft Heated: 2892.00
  • Total Heated Primary Separate Sq Ft: 2892.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Fiber Cement
  • Fencing: Back Yard, Metal/Ornamental
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Covered, Deck, Open, Porch
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Off Street, On Site, Paved

Utilities

  • Cooling System: Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric, Tankless
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Basketball Court, Park, Pickleball, Picnic Area, Playground, Tennis Court(s), Trail(s)

Schools

  • School District: Brunswick County Schools

Lot Info

  • Deed Page: 550.00
  • Lot Acres: 0.18
  • Lot Description: Corner Lot
  • Lot Dimensions: 52 X 151
  • Lot Number: 1
  • Lot Sq Ft: 7797.00
  • Lot Water Features: Ocean Side, Second Row
  • Plat Book: 2.5
  • Plat Page: 244
  • Special Assessments: Possible Sand
  • Zoning: R7
  • Lot View Type: Ocean View, Water View

Green Features

  • Green Bldg Features: Tankless Water Heater

Tax Info

  • Tax Identifier: 235pb022
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 1012.50

MLS Schools

  • School District: Brunswick County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Nov 2, 2022
Sold by
Mcgee Hall T and Mcgee Kerry R
Bought by
1102 East Beach Drive Llc
Seller's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
Buyer's Agent
Joe Prillaman
Host Help LLC
List Price
$1,750,000
Sold Price
$1,735,000
Premium/Discount to List
-$15,000
-0.86%
Views
2
Current Estimated Value
$2,003,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,376
Avg. Annual Appreciation
5.05%

Purchase Details

Listed on
Aug 5, 2022
Closed on
Aug 22, 2022
Sold by
1102 E Beach Llc
Bought by
Mcgee Hall T and Mcgee Kerry R
Seller's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
Buyer's Agent
Joe Prillaman
Host Help LLC
List Price
$1,750,000
Sold Price
$1,735,000
Premium/Discount to List
-$15,000
-0.86%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,720,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2020
Closed on
Oct 1, 2020
Sold by
Elb Family Lp
Bought by
1102 E Beach Llc
Seller's Agent
Edwin Burnett
Better Beach Sales & Rentals, Inc.
Buyer's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
List Price
$314,900
Sold Price
$312,500
Premium/Discount to List
-$2,400
-0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
137.68%
Original Mortgage
$150,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 24, 2018
Closed on
Jun 7, 2019
Sold by
Our Dream Catcher Llc
Bought by
Elb Family Lp
Seller's Agent
Brendan Gordon
Coastal Development & Realty Oak Island
Buyer's Agent
Edwin Burnett
Better Beach Sales & Rentals, Inc.
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%

Purchase Details

Closed on
Jul 20, 2011
Sold by
Security Savings Bank Ssb
Bought by
Our Dream Catcher Llc

Purchase Details

Closed on
Dec 9, 2010
Sold by
Redneck Farms Llc
Bought by
Security Savings Bank Ssb Na
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1102 East Beach Drive Llc -- --
Mcgee Hall T $1,750,000 --
1102 E Beach Llc $312,500 None Available
Elb Family Lp $285,000 None Available
Our Dream Catcher Llc $175,000 None Available
Security Savings Bank Ssb Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgee Hall T $1,720,000
Previous Owner 1102 E Beach Llc $848,198
Previous Owner 1102 E Beach Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $1,735,000 -0.9% $600 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $1,750,000 +460.0% $605 / Sq Ft
10/05/2020 10/05/20 Sold $312,500 -0.8% --
08/21/2020 08/21/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $314,900 +10.5% --
06/21/2019 06/21/19 Sold $285,000 -4.7% --
04/09/2019 04/09/19 Pending -- -- --
10/24/2018 10/24/18 For Sale $299,000 -- --
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,664 $1,335,270 $445,000 $890,270
2024 $5,664 $1,335,270 $445,000 $890,270
2023 $3,400 $1,335,270 $445,000 $890,270
2022 $0 $578,970 $190,000 $388,970
2021 $1,010 $190,000 $190,000 $0
2020 $1,010 $190,000 $190,000 $0
2019 $1,010 $190,000 $190,000 $0
2018 $905 $170,000 $170,000 $0
2017 $905 $170,000 $170,000 $0
2016 $903 $170,000 $170,000 $0
2015 $903 $170,000 $170,000 $0
2014 $1,458 $300,000 $300,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100342895

Hive MLS

APN: 235PB022