$4,685,000
387 W First Street
Ocean Isle Beach, NC 28469
MLS# 100591472
10 beds  |  10 baths  |  5390 sqft


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Property Description
Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptional rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront saltwater pool and spa create a true resort experience, while the expansive outdoor entertaining area includes two gas grills, a 14-foot bar, outdoor kitchen, entertainment center, and low-maintenance artificial turf surrounded by mature palms. Beyond traditional vacation rentals, the property is frequently rented for weddings and events, creating an additional income opportunity. To support these events, the home conveys with a turnkey inventory including 80 wedding chairs, ten 60-inch round dining tables, six 30-inch cocktail tables, three 8-foot banquet tables, and rolling storage carts for easy setup and organization. Inside, guests are welcomed by panoramic Atlantic views from nearly every room. The chef's kitchen is equipped to handle large groups with premium appliances, including a side-by-side refrigerator and full-size freezer, dual sinks, double ovens, an 8-burner range, beverage station with ice maker, and generous prep space. Two laundry rooms further enhance functionality for high-occupancy rentals and extended stays. Expansive oceanfront decks capture both sunrise over the Atlantic and spectacular evening sunsets thanks to the home's coveted south-facing shoreline. A private beach walkover places the sand just steps from your backyard. For investors, North Carolina's coastal market continues to offer compelling advantages over many competing beach destinations. Lower property taxes and operating costs than many coastal markets, combined with strong vacation demand and favorable ownership economics, allow investors to keep more of their rental revenue while building long-term equity in a premier oceanfront asset. Whether you're expanding a luxury vacation rental portfolio, completing a 1031 exchange, or searching for a legacy property that generates meaningful income while your family enjoys it throughout the year, this is an exceptionally rare opportunity to own one of Ocean Isle Beach's high-performing oceanfront homes.

Details
Maps
Location Information
Street #: 387
Pre Direction: W
Street Name: First
Street Suffix: Street
County: Brunswick
State/Province: NC
Zip Code: 28469
City Limits: Yes
Marketing City: Ocean Isle Beach
Subdivision: Islander Resort
Secondary Subdivision: N/A
Geo Lat: 33.879443
Geo Lon: -78.465283
Contract Info
Sub-Type: Single Family Residence
Construction Type: Stick Built
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2026-07-24
Listing Price: 4685000
Current Price: $4,685,000
List Price/SqFt: 869.2
Stipulation of Sale: Standard
Remarks and Showing
Directions to Property: From downtown Wilmington, take US-17S/US-76W/Wooster St. Keep (R) to take US-17S exit toward Brunswick/County Beaches. Follow for approx 34 mi. (L) onto Ocean Isle Beach Rd SW. At traffic circle, take 2nd exit to stay on Ocean Isle Beach Rd SW. At next traffic circle, take 2nd exit onto Causeway Dr. At next traffic circle, take 1st exit onto W First St. House will be on (L) after approx 1.7 mi.
Sign on Property: Yes
Property Exterior Info
New Construction: No
Lot Acres: 0.42
Lot SqFt: 18295
Lot Dimensions: 60x292x65x291
Waterfront: Yes
Waterview: Yes
Location Type: Island
Property Interior Info
SqFt - Heated (Primary): 5390
Total SqFt - Heated (Primary + Separate): 5390
# Rooms: 19
# Baths - Full: 8
# Baths - Half: 2
# Baths - Total: 10
# Bedrooms: 10
Master Bedroom Level: Non Primary Living Area
Stories Total: 4
Fireplace Y/N: No
HOA
Association Fee 1/Year: 500
Association Name: CAM OIB
Association Phone: 9105795163
Current Service Providers
Electric Provider: Brunswick Electric
Fuel Vendor Provider: Blossman
Sewer Provider: City/Town
Trash Provider: City/Town
Water Provider: City/Town
Fuel Tank
Above or Below Ground: Above Ground
Fuel Type: Propane
In Use: Yes
Owned or Leased: Owned
Entry Level Information
Entry Level: 1
Rooms
Bedroom 1 Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Upper
Bedroom 5 Level: Upper
Bedroom 6 Level: Upper
Bedroom 7 Level: Upper
Bedroom 8 Level: Upper
Bedroom 9 Level: Upper
Dining Room Level: Main
Family Room Level: Upper
Kitchen Level: Main
Laundry Level: Main
Living Room Level: Main
Master Bedroom Level: Third
Office Level: Upper
Other Level: Third
Utility Room Level: Third
Legal Taxes
Year Built: 2024
Property Features
Showing Instructions: Showing Service
Frontage Type: Oceanfront
Handicap Accessible: Accessible Approach with Ramp; Accessible Full Bath; Elevator
View Type: Ocean; Water
Attic: Access Only
Construction: Wood Frame
Exterior Features: Exterior Kitchen; Gas Grill; Irrigation System; Outdoor Grill; Outdoor Shower
Exterior Finish: Fiber Cement
Fencing: Back Yard; Vinyl
Foundation: Pilings
Fuel Tank: Fuel Tank
Green Bldg Features: Tankless Water Heater
Parking Features: Attached; Garage; Garage; Garage Faces Front; Gravel; Off Street; Tandem; Underhouse
Patio and Porch Features: Balcony; Covered; Deck; Front Porch; Patio; Rear Porch
Pool Features: Hot Tub; In Ground; Private
Roof: Metal
Levels: 3 Story or More
Trash Collection: City Pick-UP
Lot Features: Dead End; Dunes
Lot Water Features: Ocean Side
Cooling: Ceiling Fan(s); Central Air; Heat Pump; Multi Units
Heating: Forced Air; Heat Pump
Heating System Fuel Source: Propane
Water Heater: Propane
Utilities: Cable Available; Sewer Connected; Water Connected
Sewer: Municipal Sewer
Water Source: Municipal Water
Flooring: LVT/LVP; Tile
Furnished: Furnished
Interior Features: Built-in Features; Ceiling Fan(s); Elevator; Entrance Foyer; Furnished; High Ceilings; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Wet Bar
Security Features: Smoke Detector(s)
Laundry Features: Hookup - Dryer; Hookup - Washer; Laundry Closet; Laundry Room
Heated SqFt: 5000 - 5499
Dining Room Type: Combination
HOA and Neigh Amenities: Beach Access; Maint - Roads; Management; Tennis Court(s); Club Membership; Club Membership
Rooms: Bedroom 1; Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bedroom 6; Bedroom 7; Bedroom 8; Bedroom 9; Dining Room; Family Room; Kitchen; Laundry; Living Room; Master Bedroom; Office; Other; Utility Room
Terms: Cash; Conventional; VA Loan
Room Information
Room Name Level Remarks
KitchenMain
Dining RoomMain
Living RoomMain
LaundryMain
Bedroom 1Main
Bedroom 2Main
Bedroom 3Main
Family RoomUpper
Bedroom 4Upper
Bedroom 5Upper
Bedroom 6Upper
OfficeUpper
Bedroom 7Upper
Bedroom 8Upper
Bedroom 9Upper
Master BedroomThird
OtherThirdMaster Sitting Room
LaundryThird
Utility RoomThird

IDX
Listing Office: Compass Carolinas LLC

Last Updated: July - 24 - 2026

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