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5205 E Pelican Drive - 3
5205 E Pelican Drive - 4

5205 E Pelican Drive

Oak Island, NC 28465

$1,199,000

$454 per Sq.Ft.

  • Active
  • 6 beds
  • 6 baths
  • 2643 Sq. Ft.
  • Residential
  • Built in 2022
  • MLS #100524208
6 beds
6 baths
2643 Sq. Ft.
Residential
Built in 2022
MLS #100524208
Enjoy coastal living at its finest in this beautiful two-story home on pilings, located just steps from the beach on Oak Island's desirable third row. From both spacious decks, take in the beautiful ocean views that make every sunrise and sunset feel like a private show. Sold fully furnished (with some décor and fishing item exclusions), this property is ready to start enjoying or renting right away. The unique layout features two identical floor plans—one on each level—each with its own living area, kitchen, bedrooms, and baths. Use it as two separate rental units for maximum income potential or open it up for one large vacation retreat perfect for hosting family and friends. Outdoor living shines here with a regulation-size corn hole area, relaxing swings, a grilling area, and an outdoor shower to rinse off after beach days. You'll also love the convenient location close to grocery stores, shopping, and dining, making every visit easy and enjoyable. This property currently generates nearly $70,000 in annual rental income under the owner's management. Some rental program projections predict more than $100,000 in rental income making it an exceptional opportunity for investors and vacationers alike. Whether you're seeking a smart investment, a multi-family getaway, or a mix of both, this home offers endless possibilities in one of the island's most sought-after locations.


Interior Features

Total bedrooms
6 bedrooms
Full bathrooms
6 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Interior features
High ceilings, kitchen island, furnished
Flooring
Cooling
Central air
Heating
Electric, heat pump


Exterior Features

Lot size
0.12 acres
Water front
No
Water features
Third row
Fencing
None
Exterior features
Vinyl siding
Roof
Architectural shingle


HOA Information

HOA
No


Utilities

Utilities
Sewer connected, water connected


Schools

Elementary school
Southport
Middle school
South Brunswick
High school
South Brunswick


Other Information

Tax assessed value
$921,120.00
Tax year
2025
Zoning
R7


Listing provided courtesy of: Island Life Real Estate, LLC. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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Copyright 2025 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

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