304 E Leonard Street

Southport, NC 28461

$479,000

$323 per Sq.Ft.

Active
2 beds
1 baths
1484 Sq. Ft.
Residential
Built in 1958
MLS #100555819

2 beds

1 baths

1484 Sq. Ft.

Residential

Built in 1958

MLS #100555819

Don't miss this exceptionally rare opportunity to own one of the few grandfathered, legally permitted short-term vacation rentals in the heart of Southport, NC, a town where vacation rentals in residential zones are now severely restricted by ordinance. Located just blocks from the scenic waterfront, restaurants, and boutiques, 304 E Leonard St. is a beautifully updated 2-bedroom, 1-bath home offered fully furnished (with a few exclusions) and ready for continued use as an income-producing property. The home holds a valuable, active short-term rental permit, which is grandfathered in and is transferrable under current city restrictions--a benefit only a handful of homes in Southport still enjoy. Inside, you'll find vaulted ceilings throughout, waterproof luxury vinyl plank flooring, a modern kitchen with induction cooktop and convection oven, and a stylish bathroom featuring a custom mosaic tile installation by renowned local artist Hilary Meehan. Additional upgrades include a whole house water filter and softener system, new water heater (2019), Trex decking on the front porch (2023), new roof over the back porch (April 2023), and rear roof replacement (October 2024). Outdoor living is a delight with spacious front and back porches, a large fenced backyard, a new deck, and an outdoor shower and foot faucets--ideal after a beach day. Whether you're an investor looking for a rare, compliant short-term rental or a buyer seeking a serene primary or second home in one of the East Coast's most desirable coastal towns, this property offers modern comfort and a highly exclusive rental status you simply won't find elsewhere in Southport. Opportunities like this are vanishingly rare--schedule your showing today before it's gone.

Interior Features

Total bedrooms

2 bedrooms

Full bathrooms

1 full bathrooms

Half bathrooms

0 half bathrooms

Kitchen appliances

Vented exhaust fan, electric cooktop, disposal, dishwasher, convection oven

Interior features

Walk-in closet(s), pantry

Flooring

Concrete

Cooling

Central air

Heating

Electric, heat pump

Exterior Features

Lot size

0.26 acres

Water front

Fencing

Full, chain link, wood

Exterior features

Block, stucco

Roof

Metal, shingle

HOA Information

HOA

HOA amenities

No amenities

Utilities

Sewer connected, water connected

Schools

Elementary school

Southport

Middle school

South Brunswick

High school

South Brunswick

Other Information

Tax assessed value

$372,570.00

Tax amount

$2,778.19

Tax year

2025

Zoning

Sp-R-10

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Listing provided courtesy of: Southport Realty, Inc.. 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.

Copyright 2026 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.

About Southport

Known for its beautiful scenery, southern charm, and maritime heritage, Southport is located at the junction of the Cape Fear River and the Intracoastal Waterway.

Market trends

There were 115 new listings in Southport last month. The average time on market was 107 days and the average price of new new listings was $581,988. Over the last three months, the average sale price to list price ratio was 93.27%.

Request a detailed market analysis

Homes for sale

Historic homes with ornate porches and live oak trees line the streets of this picturesque community.

View all properties in Southport

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Southport

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304 E Leonard Street