Seller's Agent in 2024
Frank Travolina
Keller Williams Innovate-Wilmington
(708) 491-6624
2 in this area
54 Total Sales
505 Ocean Dr Oak Island, NC 28465
Estimated Value: $2,377,304 - $2,608,000
7
Beds
6.5
Baths
2,820
Sq Ft
$896/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Waterfront
- Main Floor Primary Bedroom
- Southport Elementary School Rated 9+
- Deck
- Furnished
About This Home
As of December 2024Welcome to 505 Ocean Drive, a stunning 7-bedroom, 6.5-bathroom oceanfront home is nestled in a prime location in the ''Old Yaupon'' area of Oak Island. Built in 2019, this home boasts modern architecture and stylish interiors, seamlessly blending comfort and sophistication for the ultimate coastal retreat. With contemporary design and luxurious amenities, this property offers an unparalleled coastal living experience. With seven spacious bedrooms, including five with their own bathrooms, this home offers plenty of space for family and guests to unwind in comfort and privacy. Enjoy breathtaking views of the Atlantic Ocean right from your doorstep. Step out onto the pristine sandy beach for a morning stroll or soak in stunning sunsets from the comfort of your own home. Relax and rejuvenate in the heated pool, perfect for year-round enjoyment. Whether you're looking to cool off on a hot summer day or take a refreshing dip in the cooler months, the elevated pool offers endless opportunities for relaxation and recreation. Accessibility is key in this thoughtfully designed home. The inclusion of an elevator ensures that all occupants, regardless of mobility, can easily access every floor with ease and comfort. Convenience is paramount with two sets of washer and dryers--one upstairs and one downstairs--making laundry day a breeze for residents and guests alike. This home is currently on a vacation rental program with established annual income! Schedule a showing today!
Last Agent to Sell the Property
Keller Williams Innovate-Wilmington License #316520 Listed on: 11/08/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,753
Year Built
- Built in 2019
Lot Details
- 8,625 Sq Ft Lot
- Lot Dimensions are 57 x 150
- Waterfront
- Property is zoned OK-CR
Home Design
- Wood Frame Construction
- Architectural Shingle Roof
- Vinyl Siding
- Piling Construction
- Stick Built Home
Interior Spaces
- 2,820 Sq Ft Home
- 2-Story Property
- Furnished
- Combination Dining and Living Room
- Water Views
Bedrooms and Bathrooms
- 7 Bedrooms
- Primary Bedroom on Main
Parking
- Covered Parking
- Driveway
Outdoor Features
- Deeded Waterfront Access Rights
- Deck
Schools
- Southport Elementary School
- South Brunswick Middle School
- South Brunswick High School
Utilities
- Central Air
- Heat Pump System
- Fuel Tank
Community Details
- No Home Owners Association
- Yaupon Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number 250fg003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 8, 2024
Closed on
Dec 11, 2024
Sold by
Gtfm Properties Llc
Bought by
Oshea Jeffrey R and Oshea Elvin Jason
Seller's Agent
Frank Travolina
Keller Williams Innovate-Wilmington
Buyer's Agent
Robert Close
Salt and Sand Realty
List Price
$2,600,000
Sold Price
$2,600,000
Views
6
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
-$71,899
Avg. Annual Appreciation
-2.47%
Original Mortgage
$2,000,000
Outstanding Balance
$1,984,271
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$543,830
Purchase Details
Listed on
Sep 14, 2022
Closed on
Nov 23, 2022
Sold by
Burnside Charles H and Burnside Kimberly W
Bought by
Gtfm Properties Llc
Seller's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
Buyer's Agent
Frank Travolina
Keller Williams Innovate-Wilmington
List Price
$2,295,000
Sold Price
$2,225,000
Premium/Discount to List
-$70,000
-3.05%
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.89%
Purchase Details
Closed on
May 31, 2018
Sold by
Langhorne W Canning Revocable Living Tru
Bought by
Burnside Ii Charles H and Burnside Kimberly W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 18, 2016
Sold by
Canning Langhorne W
Bought by
Langhorne W Canning Revocable Living Tr
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Oshea Jeffrey R | $2,600,000 | None Listed On Document | |
| Gtfm Properties Llc | $2,225,000 | -- | |
| Burnside Ii Charles H | $350,000 | None Available | |
| Langhorne W Canning Revocable Living Tr | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oshea Jeffrey R | $2,000,000 | |
| Previous Owner | Burnside Ii Charles H | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $2,600,000 | 0.0% | $922 / Sq Ft | |
| 11/08/2024 11/08/24 | Pending | -- | -- | -- | |
| 11/08/2024 11/08/24 | For Sale | $2,600,000 | +16.9% | $922 / Sq Ft | |
| 12/01/2022 12/01/22 | Sold | $2,225,000 | -3.1% | $784 / Sq Ft | View Prior Sale |
| 11/12/2022 11/12/22 | Pending | -- | -- | -- | |
| 09/14/2022 09/14/22 | For Sale | $2,295,000 | -- | $808 / Sq Ft |
Source: Hive MLS
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 | -- | $1,363,150 | $560,000 | $803,150 |
| 2024 | $58 | $1,363,150 | $560,000 | $803,150 |
| 2023 | $4,842 | $1,363,150 | $560,000 | $803,150 |
| 2022 | $0 | $853,660 | $320,000 | $533,660 |
| 2021 | $0 | $853,660 | $320,000 | $533,660 |
| 2020 | $4,732 | $853,660 | $320,000 | $533,660 |
| 2019 | $1,693 | $320,000 | $320,000 | $0 |
| 2018 | $196 | $34,860 | $27,500 | $7,360 |
| 2017 | $196 | $34,860 | $27,500 | $7,360 |
| 2016 | $193 | $34,860 | $27,500 | $7,360 |
| 2015 | $193 | $282,360 | $275,000 | $7,360 |
| 2014 | $169 | $32,994 | $25,000 | $7,994 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Travolina
-
Robert Close
Buyer's Agent in 2024
Robert Close
Salt and Sand Realty
(910) 515-2630
33 in this area
36 Total Sales
-
John Hamilton
Seller's Agent in 2022
John Hamilton
Better Beach Sales & Rentals, Inc.
(910) 278-1147
194 in this area
220 Total Sales
Map
Source: Hive MLS
MLS Number: 100475055
APN: 250FG003
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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. ©2026 Hive MLS LLC
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