NOT LISTED FOR SALE

5515 E Beach Dr Oak Island, NC 28465

Estimated Value: $304,000

0.17 Acre
$1,788,235 Price per Acre
7,598 Sq Ft Lot

Last Sold March 08, 2021

Last sale price $150,000

Est. 103% increase in value since last sale

Current estimated payment $1,611/month

4 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Marina
  • No HOA
  • Southport Elementary School Rated 9+
  • Golf Course Community
  • Tennis Courts

About This Lot

As of March 2021

Oceanfront lot in beautiful Oak Island offers unique opportunity. Pave it and say goodbye to parking tickets ruining your family day; build stairs and enjoy your own beach access; build a gazebo and have a charming covered retreat from all day rays; or add plumbing for a footwash and leave the sand behind when you go home!Currently there is no building envelope on this parcel. Pending successful beach renourishment, the Town of Oak Island may reassess possibility of construction.Present documentation is available from co-broker upon request.Close to Food Lion, Publix, Dollar General, several restaurants, and Middleton Park.OKI Nature Center, public kayak launch, and fishing pier all within 2 miles. Wonderful golf courses, recreation, historic attractions, and diverse entertainment just a short drive away in Myrtle Beach or Wilmington!

Last Agent to Sell the Property

Tom Gale

Coldwell Banker Sea Coast Advantage License #242825 Listed on: 02/12/2021

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Sheri Dickson

RE/MAX at the Beach / Oak Island License #189391

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,299

Lot Details

  • 7,598 Sq Ft Lot
  • Lot Dimensions are 50x150
  • 50 Feet of Waterfront
  • Cleared Lot
  • Marsh on Lot
  • Property is zoned R7

Schools

  • Belville Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Additional Features

  • Water Views
  • Accessible Ramps
  • In Flood Plain

Listing and Financial Details

  • Assessor Parcel Number 250af016

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Additional Features

  • No Home Owners Association
  • Restaurant

Property Details

Property Type

Land

Est. Annual Taxes

$1,299

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 50.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Brunswick Electric
  • Utilities: Municipal Sewer Available, Municipal Water Available

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Golf Course, Marina, Ramp, Restaurant, Street Lights, Tennis

Lot Info

  • Deed Book: 4495
  • Deed Page: 589.00
  • Lot Dimensions: 50x150
  • Lot Sq Ft: 7598.00
  • Zoning: R7
  • Acres: 0.17
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 1323529.41
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Flood Plain, Marsh/Wetland

Tax Info

  • Tax Identifier: 250af016
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 1298.75

MLS Schools

  • Elementary School: Belville
  • High School: South Brunswick
  • Middle School: South Brunswick
  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Feb 23, 2021
Sold by
Wiles Craig Steven and Wiles Nola Mae
Bought by
Next Home Management Llc
Seller's Agent
Tom Gale
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Sheri Dickson
RE/MAX at the Beach / Oak Island
List Price
$225,000
Sold Price
$150,000
Premium/Discount to List
-$75,000
-33.33%
Current Estimated Value
$304,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,000
Avg. Annual Appreciation
16.44%

Purchase Details

Closed on
Nov 25, 2020
Sold by
Deane Robert
Bought by
Wiles Nola

Purchase Details

Closed on
Oct 27, 2005
Sold by
Guyton Dural and Guyton Sue
Bought by
Deane Robert
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Next Home Management Llc $150,000 None Available
Wiles Nola $125,000 None Available
Deane Robert $225,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2021 03/08/21 Sold $150,000 -33.3% --
02/16/2021 02/16/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $225,000 -- --
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 $234 $56,000 $56,000 $0
2024 $234 $56,000 $56,000 $0
2023 $147 $56,000 $56,000 $0
2022 $147 $24,500 $24,500 $0
2021 $144 $24,500 $24,500 $0
2020 $1,299 $245,000 $245,000 $0
2019 $1,299 $245,000 $245,000 $0
2018 $144 $25,000 $25,000 $0
2017 $144 $25,000 $25,000 $0
2016 $141 $25,000 $25,000 $0
2015 $141 $25,000 $25,000 $0
2014 $131 $25,000 $25,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100256585

Hive MLS

APN: 250AF016