387 W First Street, Ocean Isle Beach, NC 28469
Local realty services provided by:Better Homes and Gardens Real Estate Elliott Coastal Living
387 W First Street,Ocean Isle Beach, NC 28469
$4,625,000
- 10 Beds
- 10 Baths
- 5,390 sq. ft.
- Single family
- Active
Listed by: kristen lueck
Office: compass carolinas llc.
MLS#:100591472
Source:NC_CCAR
Price summary
- Price:$4,625,000
- Price per sq. ft.:$858.07
About this home
Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach.
Ask us about an up to 1% lender incentive!
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....
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Home facts
- Year built:2024
- Subdivision & Development:Islander Resort
- Listing ID #:100591472
- Added:61 day(s) ago
- Updated:September 24, 2026 at 10:34 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
- Full bathrooms:8
- Half bathrooms:2
- Rooms Total:19
- Flooring:Tile
- Bathrooms Description:Walk-in Shower
- Kitchen Description:Dishwasher, Disposal, Double Oven, Freezer, Gas Range, Ice Maker, Kitchen Island, Pantry, Refrigerator
- Bedroom Description:Walk-In Closet(s)
- Living area:5,390 sq. ft.
Heating and cooling
- Cooling:Central Air, Heat Pump
- Heating:Forced Air, Heat Pump, Heating, Propane
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:2024
- Building area:5,390 sq. ft.
- Lot area:0.42 Acres
- Lot Features:Dead End, Dunes
- Construction Materials:Fiber Cement, Wood Frame
- Exterior Features:Covered, Deck, Gas Grill, Irrigation System, Outdoor Kitchen, Outdoor Shower, Patio
- Foundation Description:Pilings
- Levels:Three Or More
Schools
- High school:West Brunswick
- Middle school:Shallotte Middle
- Elementary school:Union
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$4,625,000
- Price per sq. ft.:$858.07
Features and amenities
- Appliances:Dishwasher, Disposal, Double Oven, Dryer, Freezer, Ice Maker, Refrigerator, Washer
- Laundry features:Dryer, Laundry Closet, Laundry Room, Washer, Washer Hookup
- Amenities:Beach Access, Ceiling Fan(s), Club Membership, Furnished, Management, Tennis Court(s), Walk-In Closet(s)
Parking
- Total parking spaces:12
- Parking description:Attached, Attached Garage, Garage, Gravel, Off Street, Tandem
- Garage:Yes
- Garage spaces:6
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