NOT LISTED FOR SALE

5524 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,304,000 - $1,661,000

4 Beds
3 Baths
2,136 Sq Ft
$677/Sq Ft Est. Value

Sale Details

Date Sold: November 22, 2023

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

Est. 4% decrease in value since last sale

Current estimated payment $8,060 / mo

2 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Deck
  • Southport Elementary School Rated 9+
  • Oceanside
  • 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 some
of 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: 09/22/2023

Century 21 Collective

Last Buyer's Agent

Katherine Ross

Essey & Associates, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2012

Lot Details

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

Parking

  • On-Site Parking

Home Design

  • Reverse Style Home
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 2,136 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Combination Dining and Living Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • 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

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Oceanside
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • 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

7,492 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Secondary Subdivision: N/A
  • Year Built: 2012
  • Property Sub Type: Single Family Residence
  • View: Ocean
  • Appliances: Vented Exhaust Fan, Gas Oven, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher
  • Original List Price: 1500000.00
  • Unit Levels: Two
  • Living Area: 2136.00
  • Is New Construction?: No
  • Other Structures: Storage
  • Island Or Mainland: Island
  • Prospect Exempt Y N: No
  • Remarks And Showing Info Recording Device Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Sqft: 702.25
  • Special Features: None

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Flooring: Tile, Wood
  • Interior Amenities: Walk-in Closet(s), High Ceilings, Ceiling Fan(s), Elevator, Furnished, Reverse Floor Plan, Walk-in Shower, Walk-In Closet(s)
  • Master Bedroom Level: Non Primary Living Area
  • Stories: 2
  • Furnished: Furnished
  • Laundry Features: Laundry Room
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Has Fireplace?: No
  • Total Bedrooms: 11
  • Room Types: Dining Area
  • Bathrooms Total Source: Computed
  • Bathrooms Total Notational: 3.00
  • Living Area Range: 2000 - 2199

Exterior Features

  • Exterior Features: Outdoor Shower, Irrigation System
  • Exterior Finish: Vinyl Siding
  • Fencing: Privacy, Back Yard
  • Roof: Shingle
  • Road Frontage Type: See Remarks
  • Pool Features: In Ground
  • Road Frontage Type: Maintained, City Street, State Road, Paved
  • Road Surface Type: Paved
  • Waterfront Features: Second Row
  • Waterfront?: No
  • Foundation Details: Other, Pilings
  • Patio And Porch Features: Open, Covered, Deck, Patio, Porch, Screened, Balcony
  • Pool Spa Features: In Ground

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Concrete, On Site

Utilities

  • Utilities: Sewer Available, Water Available
  • Water Heater: Tankless
  • Heating System Fuel Source: Electric
  • Trash Collection: City Pick-UP
  • Water Source: Public
  • Security Features: Smoke Detector(s)
  • Cooling: Central Air
  • Has Cooling?: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer Provider: Municipal Sewer
  • Fuel Tank Owned Or Leased: Leased
  • Electric Provider: Brunswick Electric
  • Fuel Tank Above Or Below Ground: Above Ground
  • Fuel Tank Fuel Type: Propane

Condo/Co-op/Association

  • Association Amenities: See Remarks
  • Has H O A?: No

Schools

  • Junior High Dist: Brunswick County Schools

Lot Info

  • Deed Book: 3278
  • Deed Page: 416.00
  • Zoning: R7
  • Lot Features: Ocean Side, Second Row
  • Lot Size Acres: 0.17
  • Lot Size: 50x150
  • Lot Size Sq Ft: 7492.00
  • Purchase Contract Date: 2023-09-23
  • Parcel#: 250ae03201
  • Cobra Zone Y N: No
  • Federal Flood Insurance Available Y N: Yes
  • Permitted Use: Public

Tax Info

  • Tax Year: 2023
  • Tax Book Number: 74
  • Tax Map Number: 35
  • Tax Other Assessment Amount Frequency: none

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Nov 15, 2023
Sold by
Bought by
Seller's Agent
Lindsey Jenkins
Century 21 Collective
Buyer's Agent
Katherine Ross
Essey & Associates, Inc.
List Price
$1,500,000
Sold Price
$1,500,000
Views
16
Current Estimated Value
$1,446,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,410
Avg. Annual Appreciation
-1.40%
Original Mortgage
$1,164,000
Outstanding Balance
$1,143,965
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$302,625

Purchase Details

Closed on
Aug 24, 2023
Sold by
Bought by

Purchase Details

Listed on
Aug 18, 2011
Closed on
Jun 8, 2012
Sold by
Bought by
Seller's Agent
Discover Discover
Island Investments of NC, Inc. dba Discover Realty
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
9.59%
Original Mortgage
$340,000
Interest Rate
3.86%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 19, 2005
Sold by
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 None Listed On Document
$1,500,000 None Listed On Document
-- None Listed On Document
$130,000 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,164,000
Closed $1,164,000
Previous Owner $340,000
Previous Owner $1,100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,502 $916,660 $445,000 $471,660
2024 $39 $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

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