StatusAccepting Backup Offers (Pending with Showings)
About 505 Ocean Dr
Welcome to 505 Ocean Drive, a stunning 7-bedroom, 6.5-bathroom oceanfront home is nestled in a prime location in the ''Old Yaupon'' area of Oak Island. Built in 2019, this home boasts modern architecture and stylish interiors, seamlessly blending comfort and sophistication for the ultimate coastal retreat. With contemporary design and luxurious amenities, this property offers an unparalleled coastal living experience. With seven spacious bedrooms, including five with their own bathrooms, this home offers plenty of space for family and guests to unwind in comfort and privacy. Enjoy breathtaking views of the Atlantic Ocean right from your doorstep. Step out onto the pristine sandy beach for a morning stroll or soak in stunning sunsets from the comfort of your own home. Relax and rejuvenate in the heated pool, perfect for year-round enjoyment. Whether you're looking to cool off on a hot summer day or take a refreshing dip in the cooler months, the elevated pool offers endless opportunities for relaxation and recreation. Accessibility is key in this thoughtfully designed home. The inclusion of an elevator ensures that all occupants, regardless of mobility, can easily access every floor with ease and comfort. Convenience is paramount with two sets of washer and dryers--one upstairs and one downstairs--making laundry day a breeze for residents and guests alike. This home is currently on a vacation rental program with established annual income! Schedule a showing today!
Property Details
Property Features
Property Information:
Year Built: 2019
Stories: 2
Living Area: 2,820 SqFt
Listing Office:
Office Name: Landmark Sotheby's International Realty
Interior Features
Interior Information:
Interior: Furnished
Fireplace: None
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 6
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Waterfront: Water Access
Parking Information:
Attached Garage: No
Parking: Concrete, Covered
Virtual/3D Tour
Virtual Tour: 505 Ocean Dr
Virtual Tour
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Central Air
Other
Directions Information:
Directions: NC 211 to Long Beach Road, Right on E Oak Island Drive, Left on Norton, Right on Ocean, Home is on the Left.
Price Information
Listing Price Info
Price Summary:
List Price: $2,600,000
Price Per SqFt: $922/SqFt
Tax Information:
Annual Amount: $4,732
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Oak Island, NC.
This property is $1.9M more than the Median Sold Price and $497/SqFt more than other homes in Oak Island, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #100475055
Listing Office:
Office Name: Landmark Sotheby's International Realty
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 25, 2018
Jun 25, 2018Home Sold
$350,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,732
$853,660
2020
$1,692
$853,660
2019
$195
$320,000
2018
$196
$34,860
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Southport Elementary School
701 W 9th St
Distance between this listing and this school3.07 miles
Public District Grades KG-5
5
/10
South Brunswick Charter
2260 Achievement Ave SE
Distance between this listing and this school8.37 miles
Public Charter Grades KG-5
4
/10
Virginia Williamson Elementary School
1020 Zion Hill Rd SE
Distance between this listing and this school11.01 miles
Public District Grades PK-5
Nearby Schools
4
/10
South Brunswick Middle School
100 Cougar Rd
Distance between this listing and this school7.46 miles
Public District Grades 6-8
7
/10
Cedar Grove Middle School
750 Grove Trl SW
Distance between this listing and this school11.83 miles
Public District Grades 6-8
8
/10
Charles P. Murray Middle School
655 Halyburton Memorial Pkwy
Distance between this listing and this school16.74 miles
Public District Grades 6-8
Nearby Schools
4
/10
South Brunswick High School
280 Cougar Rd
Distance between this listing and this school7.76 miles
Public District Grades 9-12
9
/10
Brunswick County Early College
50 College Rd NE
Distance between this listing and this school12.74 miles
Public District Grades 9-12
4
/10
Eugene Ashley High School
555 Halyburton Memorial Pkwy
Distance between this listing and this school16.63 miles
The neighbors living near this home have an average income of $67,347. Most Oak Island, NC residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 505 Ocean Dr
What is the listing price of this property?
The listing price of 505 Ocean Dr property is $2,600,000.
What type of property is this?
The property 505 Ocean Dr is a house located in Oak Island, North Carolina, 28465.
Is this property for sale now?
Accepting Backup Offers: 505 Ocean Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,732 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 25, 2018 for $350,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 505 Ocean Dr has 7 bedrooms and 6 full and 1 half bathrooms.
What is the square footage of this property?
The property 505 Ocean Dr is 2,820 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 505 Ocean Dr is 2019.
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This home is located at 505 Ocean Dr in Oak Island, NC and zip code 28465. This 2,820 square foot home, which was built in 2019, sits on a 0.20 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $2,600,000.
Oak Island, NC housing market in November 2024 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 26 sold below. Between October 2024 and November 2024, Oak Island, NC real estate market has seen decrease in the number of listings by 0.3%. While the average time on the market in November 2024 was 94 days, the median list price was $637,166.
From Rocket Homes Real Estate and based on county public records data.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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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