1206 Canal Drive A&B, Carolina Beach, NC 28428

$1,600,000
Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 5,000 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,600,000 List Date: 12/14/2024 Last Modified: 3/06/2025

Description

**INVESTOR ALERT!** Check out this MASSIVE income-producing property in Carolina Beach. This exquisite ocean and harbor view property is ideally located just steps away from beach access, offering stunning views of both the canal and the beautiful Atlantic Ocean from its decks on every level. This three-story, multi-family house features 8 bedrooms and 7 bathrooms, boasting over 5,000 sq. ft. of space. The oversized bedrooms, 2 stunning kitchens, and huge open-plan living and dining areas make it perfect for large family gatherings. Outside, you'll find a saltwater heated pool, landscaped patio area with a hot tub and pergola, and a large parking area accommodating 10 cars. Two garages provide ample storage for all your beach toys and golf carts. This turn-key rental investment opportunity comes with proven revenue. Recently updated with a new elevator, flooring, paint, and resurfaced pool. The property also offers two BONUS level rooftop decks with unparalleled panoramic views across the island, ocean, harbor, and beyond. Enjoy breathtaking sunrises and sunsets! The elevator services the top two floors, while the lowest floor is accessible by stairs, allowing for flexible use as either two separate units or a single home to accommodate large groups. Carolina Beach offers a stunning boardwalk, restaurants, shops, and many attractions nearby, ensuring continued equity growth for any investor looking for profits. Ask for income numbers and potential! A boat slip is available for lease directly across the street. Don't miss out on this exceptional investment opportunity!

More Information MLS# 100480072

Building/Ext Features

ud_i_08: 2

Contract Info

Delayed Marketing?: No Sub-Type: Single Family Residence Construction Type: Stick Built List Price/SqFt: 379 Stipulation of Sale: Standard Status: Closed Marketing Start Date: 2024-12-14 Listing Price: 1895000 Current Price: $1,600,000

Location Information

Unit #: A&B City Limits: Yes Marketing City: Carolina Beach Secondary Subdivision: N/A Street #: 1206 Street Name: Canal Street Suffix: Drive County: New Hanover State/Province: NC Zip Code: 28428 Subdivision: Not In Subdivision Geo Lat: 34.049475 Geo Lon: -77.886379

Remarks and Showing

Sign on Property: Yes Directions to Property: 420 S. over Snows Cut Bridge, continue on Lake Park Blvd, left onto Carl Winner Ave, left onto Canal Dr. Home is on the right.

Property Exterior Info

New Construction: No Lot Acres: 0.14 Lot Dimensions: 50 X 125 Lot SqFt: 6098 Waterfront: No Waterview: Yes Location Type: Island

Property Interior Info

Total SqFt - Heated (Primary + Separate): 5000 # Rooms: 14 # Baths - Full: 7 # Baths - Half: 0 # Baths - Total: 7 Master Bedroom Level: Primary Living Area Stories: 3 SqFt - Heated (Primary): 5000 # Bedrooms: 8

Legal & Taxes

Tax Assessed Value: 848000 Deed Book: 6082 Deed Page: 1873 Legal: Lt 14 Blk 22 Carolina Beach Broker Owner: No PID: R08811-008-005-000 Tax Identifier: R08811-008-005-000 Plat Book: N/A Plat Page: N/A Special Assessments: None Tax Year: 2024 Zoning: R-1 HOA: No Cobra Zone: No Federal Flood Ins Avlbl: Yes Elementary School: Carolina Beach Middle School: Murray High School: Ashley

Garage & Parking

Attached Garage Spaces: 2 Detached Garage Spaces: 0 Total # Garage Spaces: 2 Total Carport Spaces: 0

Parking Features

Concrete: 1 Covered: 1 On Site: 1

Handicap Accessible

Elevator: 1

View Type

Canal: 1 Ocean: 1 Sound View: 1

Construction

Wood Frame: 1

Lot Water Features

None: 1

Exterior Features

Outdoor Shower: 1

Exterior Finish

Vinyl Siding: 1

Terms

Cash: 1 Conventional: 1

Fencing

Back Yard: 1

Foundation

Pilings: 1

Flooring

Carpet: 1 LVT/LVP: 1 Tile: 1 Wood: 1

Fuel Tank

Above or Below Ground: Above Ground Fuel Type: Propane Owned or Leased: Owned

Fuel Tank Ownership

Owned: 1

Patio and Porch Features

Balcony: 1 Covered: 1 Deck: 1 Patio: 1

Pool Features

Hot Tub: 1 In Ground: 1

Roof

Metal: 1

Stories/Levels

3 Story or More: 1

Road Type/Frontage

Paved: 1 Public (City/Cty/St): 1

Cooling

Central Air: 1

Heated SqFt

5000 - 5499: 1

Heating

Forced Air: 1

Heating System Fuel Source

Electric: 1

Water Heater

Electric: 1

Utilities

Sewer Available: 1 Water Available: 1

Sewer

Municipal Sewer: 1

Water Source

Municipal Water: 1

Appliances/Equip

Built-In Microwave: 1 Dishwasher: 1 Double Oven: 1 Dryer: 1 Electric Cooktop: 1 Refrigerator: 1 Washer: 1

Interior Features

2nd Kitchen: 1 Blinds/Shades: 1 Ceiling Fan(s): 1 Elevator: 1 Kitchen Island: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Wet Bar: 1

Dining Room Type

Combination: 1

Other Structures

Pergola: 1

Legal Taxes

Year Built: 2006

Status Change Info

Under Contract Date: 2025-02-02 Sold Price: $1,600,000 Sold Date: 2025-03-05

Property Features

Handicap Accessible: Elevator View Type: Canal; Ocean; Sound View Construction: Wood Frame Exterior Features: Outdoor Shower Exterior Finish: Vinyl Siding Fencing: Back Yard Foundation: Pilings Fuel Tank Ownership: Owned Parking Features: Concrete; Covered; On Site Patio and Porch Features: Balcony; Covered; Deck; Patio Pool Features: Hot Tub; In Ground Roof: Metal Lot Water Features: None Cooling: Central Air Heating: Forced Air Heating System Fuel Source: Electric Water Heater: Electric Utilities: Sewer Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water Flooring: Carpet; LVT/LVP; Tile; Wood Interior Features: 2nd Kitchen; Blinds/Shades; Ceiling Fan(s); Elevator; Kitchen Island; Walk-in Shower; Walk-In Closet(s); Wet Bar Heated SqFt: 5000 - 5499 Dining Room Type: Combination Other Structures: Pergola Terms: Cash; Conventional
Listing Office: Coldwell Banker Sea Coast Advantage-CB
IDX
Last Updated: March - 06 - 2025
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