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
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.