5518 E Beach Dr Oak Island, NC 28465
5
Beds
2.5
Baths
1,756
Sq Ft
7,405
Sq Ft Lot
Highlights
- Ocean View
- Vaulted Ceiling
- No HOA
- Deck
- Furnished
- Porch
About This Home
As of January 2018Welcome to Crazy 8, the ultimate Oak Island beach home. A charming and beautifully cared for second row home with amazing ocean views and just a few feet from ideal beach access! Offered by the original owner, this lovingly cared for home has had may recent upgrades including updated HVAC, recent interior and exterior painting, new washer/dryer, and a new architectural 50 year roof installed in 2014. Conveniently located to the many Oak Island attractions of a small town beach community, this impeccable 2 story cottage boasts a healthy rental income in 2016 of over 29K. Mid Island to both Oak Island bridges, ideal for easy on and off the island, and just a few minutes to the Oak Island Golf Club.
Last Agent to Sell the Property
Bob Percesepe
RE/MAX at the Beach / Oak Island Listed on: 03/12/2017
Last Buyer's Agent
Susan Stroman
Cooke Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,146
Year Built
- Built in 1987
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 51x151
- Property is zoned OK-R-7
Home Design
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Piling Construction
- Stick Built Home
Interior Spaces
- 1,756 Sq Ft Home
- 1-Story Property
- Furnished
- Vaulted Ceiling
- Ceiling Fan
- Blinds
- Combination Dining and Living Room
- Ocean Views
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Outdoor Shower
- Deck
- Porch
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot L-13A & 1/2 0f 14
- Assessor Parcel Number 250ae028
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 13, 2020
Sold by
Broughal Kelly Anne and Meandro Timothy Michael
Bought by
Broughal Kelly Anne and Meandro Timothy Michael
Purchase Details
Listed on
Mar 12, 2017
Closed on
Jan 5, 2018
Sold by
Crouse Inc
Bought by
Broughal Kelly Anne
Seller's Agent
Bob Percesepe
RE/MAX at the Beach / Oak Island
Buyer's Agent
Susan Stroman
Cooke Realty
List Price
$499,987
Sold Price
$454,800
Premium/Discount to List
-$45,187
-9.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$363,840
Outstanding Balance
$310,510
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$693,672
Purchase Details
Closed on
Dec 29, 2005
Sold by
Burkhart Ralph W and Burkhart Imojean C
Bought by
Crouse Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.84%
Mortgage Type
Future Advance Clause Open End Mortgage
Similar Homes in the area
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 |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $455,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $363,840 | New Conventional | |
| Previous Owner | $1,500,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $2,000,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/12/2025 06/12/25 | Price Changed | $899,000 | -9.6% | $512 / Sq Ft |
| 05/18/2025 05/18/25 | Price Changed | $995,000 | -5.2% | $567 / Sq Ft |
| 04/08/2025 04/08/25 | Price Changed | $1,049,900 | -10.6% | $598 / Sq Ft |
| 03/21/2025 03/21/25 | Price Changed | $1,174,900 | -2.1% | $669 / Sq Ft |
| 01/14/2025 01/14/25 | For Sale | $1,199,900 | +163.8% | $683 / Sq Ft |
| 01/12/2018 01/12/18 | Sold | $454,800 | -9.0% | $259 / Sq Ft |
| 11/30/2017 11/30/17 | Pending | -- | -- | -- |
| 03/12/2017 03/12/17 | For Sale | $499,987 | -- | $285 / 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 |
|---|---|---|---|---|
| 2024 | $3,146 | $771,220 | $445,000 | $326,220 |
| 2023 | $2,685 | $771,220 | $445,000 | $326,220 |
| 2022 | $2,630 | $466,280 | $225,000 | $241,280 |
| 2021 | $2,661 | $466,280 | $225,000 | $241,280 |
| 2020 | $2,630 | $466,280 | $225,000 | $241,280 |
| 2019 | $2,636 | $225,000 | $225,000 | $0 |
| 2018 | $1,802 | $319,350 | $170,000 | $149,350 |
| 2017 | $1,827 | $170,000 | $170,000 | $0 |
| 2016 | $1,805 | $170,000 | $170,000 | $0 |
| 2015 | $1,807 | $319,350 | $170,000 | $149,350 |
| 2014 | $1,473 | $284,560 | $170,000 | $114,560 |
Source: Public Records
Agents Affiliated with this Home
-
John Hamilton
Seller's Agent in 2025
John Hamilton
Better Beach Sales & Rentals, Inc.
(910) 278-1147
209 in this area
238 Total Sales
-
Lori Hall
L
Buyer's Agent in 2025
Lori Hall
Coldwell Banker Sea Coast Advantage
(919) 886-3970
2 in this area
2 Total Sales
-
Cheryl Lowery
Buyer Co-Listing Agent in 2025
Cheryl Lowery
Coldwell Banker Sea Coast Advantage
(910) 524-0070
13 in this area
32 Total Sales
-
B
Seller's Agent in 2018
Bob Percesepe
RE/MAX
-
S
Buyer's Agent in 2018
Susan Stroman
Cooke Realty
Map
Source: Hive MLS
MLS Number: 100052353
APN: 250AE028
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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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