NOT LISTED FOR SALE

5524 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,318,000 - $1,452,259

4 Beds
3 Baths
2,136 Sq Ft
$646/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $1,500,000 $702 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $7,563/month

2 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Deck
  • Southport Elementary School Rated 9+
  • Ocean Side of Freeway
  • Wood Flooring

About This Home

As of November 2023

Welcome to your dream oasis in Oak Island, North Carolina! Presented for sale is 5524 E Beach Drive.This luxurious second row home offers someof the best views on the island. Offering unparalleled views of the majestic Atlantic Ocean, ensuring breathtaking vistas from the moment you wake up until the sun sets on the horizon. Step inside this like-new custom-built home and be prepared to be amazed. Every detail has been carefully thought out to provide you with the utmost comfort and sophistication. This carefully designed home comes fully furnished and decorated. Step outside to your very own resort-style in-ground pool, surrounded by stamped concrete, and privacy fencing.This will immediately transport you to a world of relaxation and tranquility. Take a dip in the warm Atlantic waters or simply lounge by the poolside, soaking up the sun while enjoying the gentle ocean breeze. No need to worry about climbing stairs, as this magnificent home features an elevator, ensuring easy access to every floor. The reverse floor plan design allows you to maximize your enjoyment of the stunning ocean views. Imagine waking up to the sight of the sun rising over the sparkling waters, all from the comfort of your own bedroom. Indulge in the coastal lifestyle with double ocean-facing porches, perfect for sipping your morning coffee or enjoying a glass of wine while marveling at the colors of the sunset. After a day at the beach, rinse off the sand and salt in the convenient outdoor shower before retreating to the luxurious interior of your new home. The kitchen is a chef's dream, featuring high-end appliances, including a gas range, upgraded granite countertops, and a kitchen peninsula. Prepare gourmet meals with ease in this stylish and functional space, perfect for entertaining friends and family. Located in the heart of Oak Island, this prime location offers easy access to Middleton Park, the splash pad, shopping, restaurants, and all the entertainment the island offers

Last Agent to Sell the Property

Lindsey Jenkins

Century 21 Collective License #300358 Listed on: 09/21/2023

Century 21 Collective

Last Buyer's Agent

Kathy Ross

Palm Realty, Inc. License #234933

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2012

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Fenced Yard
  • Irrigation
  • Property is zoned R7

Home Design

  • Reverse Style Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,136 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Combination Dining and Living Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Driveway
  • On-Site Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Ocean Side of Freeway
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Southport Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Tankless Water Heater
  • Fuel Tank
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 250ae03201

Home Details

Home Type

Single Family

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2012
  • Trash Collection: City Pick-UP
  • Road Frontage Type: See Remarks
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: 9Ft+ Ceilings, Ceiling Fan(s), Elevator, Furnished, Reverse Floor Plan, Smoke Detectors, Walk-in Shower, Walk-In Closet
  • Laundry Location: Room
  • List Price per Sq Ft: 702.25
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Sq Ft Heated: 2136.00
  • Total Heated Primary Separate Sq Ft: 2136.00

Exterior Features

  • Exterior Features: Irrigation System, Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Storage
  • Fencing: Back Yard, Privacy
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Covered, Deck, Open, Patio, Porch, Screened
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Concrete, On Site

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Gas, Vent Hood, Washer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Brunswick Electric
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Tankless
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 416.00
  • Lot Acres: 0.17
  • Lot Dimensions: 50x150
  • Lot Sq Ft: 7492.00
  • Lot Water Features: Ocean Side, Second Row
  • Zoning: R7
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 250ae03201
  • Tax Year: 2023

MLS Schools

  • Elementary School: Southport
  • High School: South Brunswick
  • Middle School: South Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Nov 15, 2023
Sold by
Pinsker Diane
Bought by
Ng Kwan Lok Ivan and Ng Mai
Seller's Agent
Lindsey Jenkins
Century 21 Collective
Buyer's Agent
Kathy Ross
Palm Realty, Inc.
List Price
$1,500,000
Sold Price
$1,500,000
Views
16
Current Estimated Value
$1,380,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$119,935
Avg. Annual Appreciation
-4.23%
Original Mortgage
$1,164,000
Outstanding Balance
$1,143,965
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$236,100

Purchase Details

Closed on
Aug 24, 2023
Sold by
Pinsker Diane and Pleczkowski Rachael Elizabeth
Bought by
Pinsker Diane

Purchase Details

Listed on
Aug 18, 2011
Closed on
Jun 8, 2012
Sold by
Oak Island Building Supply Inc
Bought by
Pinsker Diane and Pinsker Sconfienza Rachael
Seller's Agent
Discover Team
Intracoastal Realty Corp
Buyer's Agent
Hamilton Young & Riddle
Intracoastal Realty Corp
List Price
$470,000
Sold Price
$400,000
Premium/Discount to List
-$70,000
-14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.68%
Original Mortgage
$340,000
Interest Rate
3.86%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 19, 2005
Sold by
Brian Keith Keesee Construction Inc
Bought by
Keesee Brian Keith and Keesee Kimberly Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Ng Kwan Lok Ivan $1,500,000 None Listed On Document
Ng Kwan Lok Ivan $1,500,000 None Listed On Document
Pinsker Diane -- None Listed On Document
Pinsker Diane $130,000 None Available
Keesee Brian Keith -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ng Kwan Lok Ivan $1,164,000
Closed Ng Kwan Lok Ivan $1,164,000
Previous Owner Pinsker Diane $340,000
Previous Owner Keesee Brian Keith $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2023 11/22/23 Sold $1,500,000 0.0% $702 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $1,500,000 +275.0% $702 / Sq Ft
06/08/2012 06/08/12 Sold $400,000 -14.9% $200 / Sq Ft View Prior Sale
06/08/2012 06/08/12 Pending -- -- --
08/18/2011 08/18/11 For Sale $470,000 -- $235 / Sq Ft
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 -- $916,660 $445,000 $471,660
2024 $3,902 $916,660 $445,000 $471,660
2023 $3,459 $916,660 $445,000 $471,660
2022 $3,459 $590,350 $225,000 $365,350
2021 $3,399 $590,350 $225,000 $365,350
2020 $3,259 $573,190 $225,000 $348,190
2019 $3,259 $229,720 $225,000 $4,720
2018 $2,465 $175,440 $170,000 $5,440
2017 $2,465 $175,440 $170,000 $5,440
2016 $2,415 $175,440 $170,000 $5,440
2015 $2,415 $421,850 $170,000 $251,850
2014 $1,890 $350,316 $170,000 $180,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100406185

Hive MLS

APN: 250AE03201