$4,850,000

2068 New River Inlet Rd North Topsail Beach, NC 28460

Estimated payment $29,386/month

Total Views 7,855
16 Beds
18 Baths
8,300 Sq Ft
$584 Price per Sq Ft

Highlights

  • Ocean Front
  • 1.11 Acre Lot
  • Vaulted Ceiling
  • In Ground Pool
  • Deck
  • Main Floor Primary Bedroom

About This Home

Welcome to Southern Grace, an extraordinary 16-bedroom, 18-bathroom oceanfront estate on North Topsail Beach that sleeps 60 - one of the largest homes on Topsail Island and a rare investment opportunity producing over $500K in gross rental income in 2023 and 2024 with several hundred thousand already on the books for 2025. With 8,300 sq. ft. of coastal luxury on an expansive 1.11-acre lot, this turnkey property is a proven income producer with an impressive IRR and future revenue already on the books for 2025. This high-yield premier investment property is designed for multi-generational family vacations, corporate retreats, weddings, reunions, and special events, and commands strong rental income through its unmatched accommodations and prime beachfront location. With ample parking, a private oceanfront pool, and a tiki bar, this home caters to large groups seeking the ultimate coastal escape. With multiple living areas that are perfect for large gatherings, elevator access to all levels, and expansive oceanfront porches ideal for morning coffee or watching dolphins play in the surf, this home has it all. Offered fully furnished and stocked, it is immediately ready to begin producing rental income for the buyer. A rare slice of Topsail Island paradise, Southern Grace is perfectly positioned to showcase breathtaking sunrises over the Atlantic, with direct beach access from your doorstep. Located on one of the largest oceanfront lots on the island, this estate offers both seclusion and convenience, making it an irreplaceable asset for investors and luxury buyers alike.With a strong track record of rental success, Southern Grace is ready to continue producing income for its next owner. This one-of-a-kind estate is an unparalleled opportunity to own a high-performing beachfront investment in one of North Carolina's most desirable coastal destinations.

Listing Agent

Daniel Malechuk

Landmark Sotheby's International Realty License #338617 Listed on: 02/18/2025

Landmark Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,264

Year Built

  • Built in 2015

Lot Details

  • 1.11 Acre Lot
  • Lot Dimensions are 65 x 747
  • Property fronts a marsh
  • Ocean Front
  • Fenced Yard
  • Property is zoned R-20

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 8,300 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Primary Bedroom on Main

Parking

  • 40 Parking Spaces
  • 2 Attached Carport Spaces
  • Unpaved Parking

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch
  • Outdoor Gas Grill

Schools

  • Dixon Elementary And Middle School
  • Dixon High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heat Pump System
  • Fuel Tank

Community Details

  • No Home Owners Association
  • Security Lighting

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 778-4.7

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,264

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: Yes
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2015
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile
  • Heated Sq Ft: 8000 - 8499
  • Interior Amenities: 9Ft+ Ceilings, Reverse Floor Plan, Smoke Detectors, Elevator, Pantry, Furnished, Blinds/Shades, Ceiling Fan(s), Ceiling - Vaulted
  • List Price per Sq Ft: 584.34
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 16
  • Half Bathrooms: 2
  • Total Bathrooms: 18.00
  • Bedrooms: 16
  • Number Rooms: 22
  • Sq Ft Heated: 8300.00
  • Total Heated Primary Separate Sq Ft: 8300.00

Exterior Features

  • Exterior Features: DP50 Windows, Outdoor Shower, Security Lighting, Gas Grill
  • Exterior Finish: Fiber Cement
  • Fencing: Back Yard
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Porch, Covered, Deck
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Carport Spaces: 2.00
  • Garage And Parking Driveway Spaces: 40.00
  • Total Carport Spaces: 2.00
  • Parking Driveway: On Site, Unpaved

Utilities

  • Cooling System: Central, Zoned
  • Federal Flood Ins Avlbl: No
  • Fuel Tank Ownership: Leased
  • Heating System: Forced Air, Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Schools

  • School District: Onslow

Lot Info

  • Deed Page: 385.00
  • Lot Acres: 1.11
  • Lot Dimensions: 65 x 747
  • Lot Number: 3
  • Lot Sq Ft: 48569.00
  • Lot Water Features: None
  • Plat Book: 35
  • Plat Page: 109
  • Zoning: R-20
  • Lot View Type: Marsh View, Water View, Sound View, Ocean View

Tax Info

  • Tax Identifier: 778-4.7
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 30263.85

MLS Schools

  • Elementary School: Dixon
  • High School: Dixon
  • Middle School: Dixon
  • School District: Onslow

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $30,264 $2,789,295 $400,000 $2,389,295
2023 $30,264 $2,789,295 $400,000 $2,389,295
2022 $30,264 $2,789,295 $400,000 $2,389,295
2021 $19,256 $1,652,880 $245,000 $1,407,880
2020 $18,430 $1,652,880 $245,000 $1,407,880
2019 $18,430 $1,652,880 $245,000 $1,407,880
2018 $17,330 $1,652,880 $245,000 $1,407,880
2017 $15,148 $1,418,070 $300,000 $1,118,070
2016 $15,148 $1,418,070 $0 $0
2015 $3,205 $300,000 $0 $0
2014 $3,205 $300,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 For Sale $4,799,000 -1.1% $583 / Sq Ft
04/09/2025 04/09/25 Price Changed $4,850,000 -7.6% $584 / Sq Ft
02/18/2025 02/18/25 For Sale $5,250,000 -- $633 / Sq Ft
Source: Hive MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,210,000 New Conventional
Closed $1,148,000 New Conventional
Closed $1,165,000 New Conventional
Source: Public Records

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    Section Image

Source: Hive MLS

MLS Number: 100489463

Hive MLS

APN: 778-4.7