5205 E Pelican Drive, Oak Island, NC 28465
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyle Property Partners



5205 E Pelican Drive,Oak Island, NC 28465
$1,199,000
- 6 Beds
- 6 Baths
- 2,643 sq. ft.
- Single family
- Active
Listed by:april h annas
Office:island life real estate, llc.
MLS#:100524208
Source:NC_CCAR
Price summary
- Price:$1,199,000
- Price per sq. ft.:$453.65
About this home
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.
Contact an agent
Home facts
- Year built:2022
- Listing Id #:100524208
- Added:6 day(s) ago
- Updated:August 16, 2025 at 10:16 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:6
- Living area:2,643 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump, Heating
Structure and exterior
- Roof:Architectural Shingle
- Year built:2022
- Building area:2,643 sq. ft.
- Lot area:0.12 Acres
Schools
- High school:South Brunswick
- Middle school:South Brunswick
- Elementary school:Southport
Utilities
- Water:Municipal Water Available, Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$453.65
New listings near 5205 E Pelican Drive
- New$649,000Active3 beds 2 baths1,402 sq. ft.
219 NE 56th Street, Oak Island, NC 28465
MLS# 100525345Listed by: ART SKIPPER REALTY INC. - New$438,000Active2 beds 2 baths948 sq. ft.
303 W Oak Island Drive, Oak Island, NC 28465
MLS# 100525329Listed by: ART SKIPPER REALTY INC. - New$525,000Active3 beds 2 baths1,183 sq. ft.
316 NE 52nd Street, Oak Island, NC 28465
MLS# 100525296Listed by: RE/MAX ESSENTIAL - New$549,900Active3 beds 3 baths1,532 sq. ft.
159 NE 6th Street, Oak Island, NC 28465
MLS# 4292582Listed by: UNITED REAL ESTATE-QUEEN CITY - New$449,900Active3 beds 3 baths1,555 sq. ft.
110 NE 29th Street, Oak Island, NC 28465
MLS# 100525189Listed by: CENTURY 21 VANGUARD - New$800,000Active6 beds 2 baths1,800 sq. ft.
3306 W Beach Drive, Oak Island, NC 28465
MLS# 100524957Listed by: ART SKIPPER REALTY INC. - $815,000Pending4 beds 3 baths1,735 sq. ft.
228 NE 56th Street, Oak Island, NC 28465
MLS# 100524435Listed by: CENTURY 21 COLLECTIVE - Open Sun, 12 to 2pmNew$520,000Active3 beds 2 baths1,260 sq. ft.
115 NE 25th Street, Oak Island, NC 28465
MLS# 100524298Listed by: COLDWELL BANKER SEA COAST ADVANTAGE - New$599,990Active3 beds 2 baths1,623 sq. ft.
162 NW 9th Street, Oak Island, NC 28465
MLS# 100524198Listed by: CAROLINA EXCLUSIVES