505 Ocean Blvd Unit 2 Carolina Beach, NC 28428
4
Beds
4
Baths
2,376
Sq Ft
$137/mo
HOA Fee
Highlights
- Deck
- Wood Flooring
- Golf Cart Parking
- Carolina Beach Elementary School Rated A-
- Solid Surface Countertops
- Covered patio or porch
About This Home
As of June 2023Location, Location, Location! Just a short 4 block walk, bike or drive to public beach access. Centrally located near the line of Carolina and Kure Beach. Opportunity abounds as a Primary Residence, Second Home or Investment Opportunity. The weekly income potential for on and off seasons is incredible! Your 4 story condo has an outdoor shower and a full efficiency on the first floor with access to your own private elevator. Second floor has a bedroom with access to a full bath. In addition, there is a spacious kitchen overlooking the open family room! Levels 3 & 4 have direct access to large decks with great views, but the best view of the ocean, summer fireworks, and evening sunsets is on the 4th floor penthouse deck, where you'll also find two sets of bunk beds & wet bar! No restriction on Short Term Rentals....although this unit has primarily been used as a family vacation home with minimal wear. Restaurants, bars, nearby park trails and numerous activities makes this a great place to forge memories!
Last Agent to Sell the Property
Intracoastal Realty Corp License #227732 Listed on: 05/24/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,255
Year Built
- Built in 2005
HOA Fees
- $137 Monthly HOA Fees
Home Design
- Wood Frame Construction
- Metal Roof
- Piling Construction
- Stick Built Home
Interior Spaces
- 2,376 Sq Ft Home
- 4-Story Property
- Bar Fridge
- Ceiling Fan
- Blinds
- Entrance Foyer
- Combination Dining and Living Room
- Termite Clearance
Kitchen
- <<selfCleaningOvenToken>>
- Electric Cooktop
- Stove
- <<builtInMicrowave>>
- Ice Maker
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- In-Law or Guest Suite
- 4 Full Bathrooms
- Walk-in Shower
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 1 Attached Carport Space
- Driveway
- Paved Parking
- Golf Cart Parking
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Outdoor Shower
- Balcony
- Deck
- Covered patio or porch
Schools
- Carolina Beach Elementary School
- Murray Middle School
- Ashley High School
Utilities
- Zoned Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Water Softener
Listing and Financial Details
- Assessor Parcel Number R09017-004-020-002
Community Details
Overview
- Roof Maintained by HOA
- Master Insurance
- Ocean Palms Condo Association, Phone Number (910) 707-0520
- Wilmington Beach Subdivision
- Maintained Community
Security
- Resident Manager or Management On Site
- Security Lighting
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2023
Closed on
Jun 27, 2023
Sold by
Fessel Dennis K and Fessel Stephanie L
Bought by
Rose Sandra J
Seller's Agent
Stephanie Fessel
Intracoastal Realty Corp
Buyer's Agent
Don Harris
Intracoastal Realty Corporation
List Price
$750,000
Sold Price
$750,000
Views
61
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,330
Avg. Annual Appreciation
3.42%
Purchase Details
Listed on
Sep 17, 2022
Closed on
Oct 17, 2022
Sold by
Iriarte Maria T
Bought by
Fessel Dennis K and Fessel Stephanie L
Seller's Agent
Mende Kitzman
Coldwell Banker Sea Coast Advantage-CB
Buyer's Agent
Stephanie Fessel
Intracoastal Realty Corp
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.02%
Original Mortgage
$440,000
Interest Rate
6.02%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 23, 2020
Closed on
Aug 30, 2020
Sold by
Gaskins Darryl and Gaskins Claire
Bought by
Iriarte Maria T
Seller's Agent
Leigh Saunders
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Mende Kitzman
Coldwell Banker Sea Coast Advantage-CB
List Price
$474,900
Sold Price
$470,000
Premium/Discount to List
-$4,900
-1.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.51%
Original Mortgage
$137,900
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 15, 2004
Sold by
Homeboy Homes Llc
Bought by
Level 5 Development Llc
Similar Homes in Carolina Beach, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $750,000 | None Listed On Document | |
| Warranty Deed | $740,000 | -- | |
| Warranty Deed | $470,000 | None Available | |
| Deed | $1,670,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $440,000 | New Conventional | |
| Previous Owner | $137,900 | New Conventional | |
| Previous Owner | $46,400 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2023 06/29/23 | Sold | $750,000 | 0.0% | $316 / Sq Ft |
| 05/27/2023 05/27/23 | Pending | -- | -- | -- |
| 05/26/2023 05/26/23 | For Sale | $750,000 | +1.4% | $316 / Sq Ft |
| 10/28/2022 10/28/22 | Sold | $740,000 | -1.3% | $311 / Sq Ft |
| 10/17/2022 10/17/22 | For Sale | $750,000 | +1.4% | $316 / Sq Ft |
| 10/16/2022 10/16/22 | Pending | -- | -- | -- |
| 10/11/2022 10/11/22 | Off Market | $740,000 | -- | -- |
| 10/10/2022 10/10/22 | For Sale | $750,000 | 0.0% | $316 / Sq Ft |
| 10/02/2022 10/02/22 | Pending | -- | -- | -- |
| 09/17/2022 09/17/22 | For Sale | $750,000 | +59.6% | $316 / Sq Ft |
| 09/02/2020 09/02/20 | Sold | $470,000 | -1.0% | $198 / Sq Ft |
| 08/06/2020 08/06/20 | Pending | -- | -- | -- |
| 07/23/2020 07/23/20 | For Sale | $474,900 | -- | $200 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $3,255 | $475,200 | $0 | $475,200 |
| 2022 | $3,184 | $475,200 | $0 | $475,200 |
| 2021 | $3,279 | $475,200 | $0 | $475,200 |
| 2020 | $2,690 | $336,300 | $0 | $336,300 |
| 2019 | $2,690 | $336,300 | $0 | $336,300 |
| 2018 | $2,623 | $336,300 | $0 | $336,300 |
| 2017 | $3,372 | $424,100 | $0 | $424,100 |
| 2016 | $2,752 | $320,700 | $0 | $320,700 |
| 2015 | $2,594 | $320,700 | $0 | $320,700 |
| 2014 | $2,530 | $320,700 | $0 | $320,700 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Fessel
Seller's Agent in 2023
Stephanie Fessel
Intracoastal Realty Corp
(910) 746-2400
2 in this area
6 Total Sales
-
Don Harris
Buyer's Agent in 2023
Don Harris
Intracoastal Realty Corporation
(910) 617-8844
2 in this area
58 Total Sales
-
Mende Kitzman
M
Seller's Agent in 2022
Mende Kitzman
Coldwell Banker Sea Coast Advantage-CB
(910) 458-4401
6 in this area
28 Total Sales
-
Leigh Saunders
Seller's Agent in 2020
Leigh Saunders
Berkshire Hathaway HomeServices Carolina Premier Properties
(401) 413-1735
3 in this area
167 Total Sales
Map
Source: Hive MLS
MLS Number: 100386137
APN: R09017-004-020-002
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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