5205 E Pelican Dr Oak Island, NC 28465
Estimated payment $6,860/month
Total Views
1,116
6
Beds
6
Baths
2,643
Sq Ft
$454
Price per Sq Ft
Highlights
- Water Views
- Main Floor Primary Bedroom
- No HOA
- Deck
- Furnished
- Covered Patio or Porch
About This Home
Enjoy coastal living at its finest in this beautiful two-story home on pilings, located just steps from the beach on Oak Island's desirable third row. From both spacious decks, take in the beautiful ocean views that make every sunrise and sunset feel like a private show.Sold fully furnished (with some decor and fishing item exclusions), this property is ready to start enjoying or renting right away. The unique layout features two identical floor plans--one on each level--each with its own living area, kitchen, bedrooms, and baths. Use it as two separate rental units for maximum income potential or open it up for one large vacation retreat perfect for hosting family and friends.Outdoor living shines here with a regulation-size corn hole area, relaxing swings, a grilling area, and an outdoor shower to rinse off after beach days. You'll also love the convenient location close to grocery stores, shopping, and dining, making every visit easy and enjoyable.This property currently generates nearly $70,000 in annual rental income under the owner's management. Some rental program projections predict more than $100,000 in rental income making it an exceptional opportunity for investors and vacationers alike.Whether you're seeking a smart investment, a multi-family getaway, or a mix of both, this home offers endless possibilities in one of the island's most sought-after locations.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,919
Year Built
- Built in 2022
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 50x102x50x96
- Property is zoned R7
Home Design
- Wood Frame Construction
- Architectural Shingle Roof
- Vinyl Siding
- Piling Construction
- Stick Built Home
Interior Spaces
- 2,643 Sq Ft Home
- 2-Story Property
- Furnished
- Blinds
- Combination Dining and Living Room
- Water Views
- Kitchen Island
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- 6 Full Bathrooms
Parking
- 4 Parking Spaces
- Covered Parking
- Gravel Driveway
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Southport Elementary School
- South Brunswick Middle School
- South Brunswick High School
Utilities
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 249dd026
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,919 | $921,120 | $251,250 | $669,870 |
| 2023 | $543 | $921,120 | $251,250 | $669,870 |
| 2022 | $0 | $100,000 | $100,000 | $0 |
| 2021 | $0 | $100,000 | $100,000 | $0 |
| 2020 | $538 | $100,000 | $100,000 | $0 |
| 2019 | $538 | $100,000 | $100,000 | $0 |
| 2018 | $433 | $80,000 | $80,000 | $0 |
| 2017 | $433 | $80,000 | $80,000 | $0 |
| 2016 | $430 | $80,000 | $80,000 | $0 |
| 2015 | $430 | $80,000 | $80,000 | $0 |
| 2014 | $686 | $140,000 | $140,000 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $1,199,000 | -2.1% | $454 / Sq Ft |
| 05/27/2025 05/27/25 | Price Changed | $1,225,000 | -2.0% | $455 / Sq Ft |
| 03/30/2025 03/30/25 | Price Changed | $1,250,000 | -3.8% | $464 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $1,299,000 | +687.3% | $482 / Sq Ft |
| 01/29/2021 01/29/21 | Sold | $165,000 | -5.7% | -- |
| 12/31/2020 12/31/20 | Pending | -- | -- | -- |
| 11/11/2020 11/11/20 | Price Changed | $175,000 | -2.8% | -- |
| 07/16/2020 07/16/20 | For Sale | $180,000 | +34.6% | -- |
| 02/26/2020 02/26/20 | Sold | $133,700 | -7.7% | -- |
| 01/10/2020 01/10/20 | Pending | -- | -- | -- |
| 01/28/2019 01/28/19 | For Sale | $144,900 | +44.9% | -- |
| 06/12/2017 06/12/17 | Sold | $100,000 | +792.9% | -- |
| 05/08/2017 05/08/17 | Pending | -- | -- | -- |
| 03/31/2017 03/31/17 | For Sale | $11,200 | -- | -- |
Source: Hive MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $165,000 | None Available | |
| Warranty Deed | $134,000 | None Available | |
| Warranty Deed | $100,000 | None Available | |
| Warranty Deed | $265,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $415,000 | Construction |
Source: Public Records
Similar Homes in Oak Island, NC
Source: Hive MLS
MLS Number: 100524208
APN: 249DD026
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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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