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5205 E Pelican Drive, Oak Island, NC 28465
$1,148,000
Property Type:
Residential
Bedrooms:
6
Baths:
6
Square Footage:
2,643
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$1,148,000
List Date:
8/09/2025
Last Modified:
12/13/2025
Description
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 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. Don't miss the opportunity to own this unique property. Schedule your tour today!
More Information MLS# 100524208
Building/Ext Features
ud_i_08: 0
Property Interior Info
Total SqFt - Heated (Primary + Separate): 2643
# Rooms: 8
# Baths - Full: 6
# Baths - Half: 0
# Baths - Total: 6
Master Bedroom Level: Primary Living Area
Stories: 2
Fireplace Y/N: No
SqFt - Heated (Primary): 2643
# Bedrooms: 6
Contract Info
Delayed Marketing?: No
Sub-Type: Single Family Residence
Construction Type: Stick Built
List Price/SqFt: 434.35
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-08-06
Listing Price: 1148000
Current Price: $1,148,000
Location Information
City Limits: Yes
Marketing City: Oak Island
Secondary Subdivision: N/A
Street #: 5205
Pre Direction: E
Street Name: Pelican
Street Suffix: Drive
County: Brunswick
State/Province: NC
Zip Code: 28465
Subdivision: Not In Subdivision
Geo Lat: 33.910191
Geo Lon: -78.111456
Remarks and Showing
Sign on Property: No
Directions to Property: NC-133 S/Country Club Rd, Turn Right onto E Oak Island Dr., Turn left onto SE 58 St., Right onto E Pelican Dr., house is on the left
Property Exterior Info
New Construction: No
Lot Acres: 0.12
Lot Dimensions: 50x102x50x96
Lot SqFt: 5227
Waterfront: No
Waterview: Yes
Location Type: Island
Legal & Taxes
Tax Assessed Value: 921120
Deed Book: 4538
Deed Page: 1090
Legal: L-28 B-5 S-N-2 LONG BEACH PLAT 8/140
Broker Owner: No
PID: 249DD026
Tax Identifier: 249dd026
Plat Book: 8
Plat Page: 140
Special Assessments: None
Tax Year: 2025
Zoning: R7
HOA: No
Cobra Zone: No
School District: Brunswick County Schools
Elementary School: Southport
Middle School: South Brunswick
High School: South Brunswick
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Underhouse Spaces: 2
Total Carport Spaces: 0
Driveway Spaces: 4
Parking Features
Covered: 1
Gravel: 1
View Type
Ocean: 1
Construction
Wood Frame: 1
Lot Water Features
Third Row: 1
Exterior Finish
Vinyl Siding: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
Fencing
None: 1
Foundation
Pilings: 1
Patio and Porch Features
Covered: 1
Deck: 1
Roof
Architectural Shingle: 1
Levels
Two: 1
Road Type/Frontage
Public (City/Cty/St): 1
Cooling
Central Air: 1
Heated SqFt
2600 - 2799: 1
Heating
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Utilities
Sewer Connected: 1
Water Connected: 1
Sewer
Municipal Sewer: 1
Water Source
Municipal Water: 1
Furnished
Furnished: 1
Interior Features
Blinds/Shades: 1
Furnished: 1
High Ceilings: 1
Kitchen Island: 1
Dining Room Type
Combination: 1
Legal Taxes
Year Built: 2022
Property Features
View Type: Ocean
Construction: Wood Frame
Exterior Finish: Vinyl Siding
Fencing: None
Foundation: Pilings
Parking Features: Covered; Gravel
Patio and Porch Features: Covered; Deck
Roof: Architectural Shingle
Levels: Two
Lot Water Features: Third Row
Cooling: Central Air
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Sewer Connected; Water Connected
Sewer: Municipal Sewer
Water Source: Municipal Water
Furnished: Furnished
Interior Features: Blinds/Shades; Furnished; High Ceilings; Kitchen Island
Heated SqFt: 2600 - 2799
Dining Room Type: Combination
Terms: Cash; Conventional; FHA
Listing Office:
Island Life Real Estate, LLC
IDX
Last Updated: December - 13 - 2025
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