NOT LISTED FOR SALE

5528 E Beach Dr Oak Island, NC 28465

Estimated Value: $2,312,000 - $2,786,000

8 Beds
8 Baths
4,291 Sq Ft
$592/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,875,000 $437 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $13,881/month

176 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Wood Flooring
  • Southport Elementary School Rated 9+
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of November 2021

Worth its weight in gold! This money making investment home already has $150,000 in confirmed rentals this year and is projected to have $170,000 gross rental in total. It's not really surprising, though. The home is gorgeous and has everything you could want when families and friends get together at the beach. You'll love the wood floors and the stylish coastal furnishings. With 8 bedrooms and 6 full and 2 half baths and 2 living rooms, and almost 4300 sq ft there's plenty of space to congregate... or have some private time. The elevator will zip everyone's luggage or weary bodies up to their rooms. The home will accommodate up to 26 folks! The modern kitchen has stainless appliances...two of each! And there's lots of counter space, so you can turn out dinner for a crowd in no time!But of course, grilling outside by the pool will certainly be fun too. There's even a hot tub on one of the extensive covered decks and you can get a great view of the ocean. In fact, the beach is only a few steps away so no transportation required! You can also walk to beach stores, restaurants, ice cream shops, and grocery stores from the house. The outdoor shower, privacy fence and storage complete the picture. The perfect place for the perfect vacation, and a great investment. Turnkey and ready!

Last Agent to Sell the Property

Robert Carroll

RE/MAX Southern Coast License #262808 Listed on: 05/06/2021

RE/MAX Southern Coast

Co-Listed By

Donna Findlay

RE/MAX Southern Coast License #219274

Last Buyer's Agent

Bethany Jackson

Keller Williams Pinehurst License #307757

Keller Williams Pinehurst

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,602

Year Built

  • Built in 2016

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 74x152x75x152
  • Wood Fence
  • Decorative Fence
  • Corner Lot

Home Design

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

Interior Spaces

  • 4,291 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Attached Carport Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Bathroom

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot L-8AX
  • Assessor Parcel Number 250ae03203

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,602

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Bathroom, Elevator
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Wood, Tile
  • Heated Sq Ft: 4000 - 4499
  • Interior Amenities: Blinds/Shades, Smoke Detectors, Walk-In Closet, Walk-in Shower, Solid Surface, Elevator, Furnished
  • List Price per Sq Ft: 454.21
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bathrooms: 8.00
  • Bedrooms: 8
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: Second
  • Bedroom 5 Level: Second
  • Bedroom 6 Level: Second
  • Bedroom 7 Level: Second
  • Bedroom 8 Level: Second
  • Dining Room Level: First
  • Family Room Level: Second
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 4291.00
  • Total Heated Primary Separate Sq Ft: 4291.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • Fencing: Metal/Ornamental, Wood
  • Foundation: Pilings
  • On Site Pool Spa: Hot Tub, In Ground
  • Porch Balcony Deck: Covered, Patio, Porch, Deck
  • Road Type Frontage: Maintained, Paved
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Attached Carport Spaces: 4.00
  • Total Carport Spaces: 4.00
  • Parking Driveway: Off Street, Paved, On Site

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Washer, Refrigerator, Microwave - Built-In, Dryer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 577.00
  • Lot Acres: 0.26
  • Lot Description: Corner Lot
  • Lot Dimensions: 74x152x75x152
  • Lot Number: L-8AX
  • Lot Sq Ft: 11326.00
  • Lot Water Features: Second Row
  • Special Assessments: NONE.
  • Zoning: residential
  • Lot View Type: Ocean View, Water View

Tax Info

  • Tax Identifier: 250ae03203
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 6601.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2021
Sold by
Cake By The Ocean Llc
Bought by
Rush Keegan and Rush Sara Nicole
Current Estimated Value
$2,542,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2016
Sold by
Oak Island Builder Llc
Bought by
Cake By The Oceal Llc

Purchase Details

Closed on
Nov 21, 2014
Sold by
Oak Island Building Supply Llc
Bought by
Oak Island Builder Llc

Purchase Details

Closed on
Jan 17, 2014
Sold by
Bowen Robert and Bowen Carol
Bought by
Financing Housing Solutions Llc and Wagoners Home Improvement Inc 401K Plan
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Rush Keegan $1,875,000 None Available
Cake By The Oceal Llc -- None Available
Oak Island Builder Llc -- None Available
Financing Housing Solutions Llc $5,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rush Keegan $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $1,875,000 -3.8% $437 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $1,949,000 0.0% $454 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $1,949,000 -- $454 / 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 $6,904 $1,550,950 $667,500 $883,450
2024 $6,904 $1,550,950 $667,500 $883,450
2023 $6,822 $1,550,950 $667,500 $883,450
2022 $6,822 $1,124,510 $337,500 $787,010
2021 $0 $1,124,510 $337,500 $787,010
2020 $0 $1,124,510 $337,500 $787,010
2019 $6,404 $370,780 $337,500 $33,280
2018 $4,819 $291,010 $255,000 $36,010
2017 $4,819 $291,010 $255,000 $36,010
2016 $1,349 $255,000 $255,000 $0
2015 $1,349 $255,000 $255,000 $0
2014 $1,240 $255,000 $255,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100269943

Hive MLS

APN: 250AE03203