1014 W Beach Drive
Oak Island, NC 28465
$785,000
About the property
Just across the street from the Atlantic Ocean, this beautifully updated classic Oak Island beach cottage offers the perfect blend of timeless coastal charm, modern upgrades, and proven investment potential. Featuring original hardwood floors and conveying furnished, this home is ready to be enjoyed as a vacation getaway, primary residence, or income-producing short-term rental.
The current owners have invested extensively in quality improvements, allowing the next owner to enjoy the home without worrying about major projects. Significant updates include a lifetime metal roof (2025), hurricane-impact windows (2025), all pilings (2025), premium WearDeck composite decking, whole-house siding, an enclosed outdoor shower, a renovated lower level with flood vents meeting current FEMA requirements, and an updated water heater. Inside, you'll find two beautifully renovated bathrooms showcasing artisan tile, glass surrounds, and high-end finishes, along with the convenience of a newly added upstairs laundry closet.
A standout feature of this property is its exceptional track record as a high-performing short-term rental, producing up to $79,000 in annual rental income during ownership. Lower-income years were directly related to owner-planned renovations and a temporary change in property management--not a lack of rental demand. Even with the home unavailable for four prime rental months during the recent bathroom addition, approximately $49,000 is already secured in reservations for 2026, highlighting its continued earning potential.
Whether you're searching for a personal beach retreat, a turnkey investment, or the flexibility to enjoy both, this Oak Island cottage delivers. Opportunities to own a thoughtfully updated home this close to the beach--with major structural improvements already completed and a proven rental history--are becoming increasingly rare.
At a glance
Listing details
- Full bathrooms
- 2
- Half bathrooms
- 0
- Heated square feet
- 1,068
- Lot acres
- 0.17
- Lot dimensions
- 49' x 148' x 50' x 148' per tax suite
- Stories
- 1
- Zoning
- Ok-R-7
- HOA
- No
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- Southport
- Middle school
- South Brunswick
- High school
- South Brunswick
- School district
- Brunswick County Schools
Complete report
Property features
- City
- Oak Island
- Sub-Type
- Single Family Residence
- County
- Brunswick
- Location Type
- Island
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
- City Limits
- Yes
- Pre Direction
- W
- Marketing City
- Oak Island
- Year Built
- 1955
- # Baths - Total
- 2
- # Bedrooms
- 4
- # Rooms
- 6
- Master Bedroom Level
- Primary Living Area
- Waterview
- Yes
- New Construction
- No
- Sign on Property
- Yes
- Appliances/Equip
- Dishwasher; Dryer; Electric Oven; Refrigerator; Washer
- Construction
- Block
- Cooling
- Central Air
- Dining Room Type
- Combination
- Entry Level Information
- Entry Level: 2
- Exterior Finish
- Vinyl Siding
- Foundation
- Block; Pilings
- Exterior Features
- Outdoor Shower
- Terms
- Cash; Conventional
- Rental Information
- Lease Term: Weekly
- Lease Term
- Weekly
- Furnished
- Furnished
- Unit Type
- 4 Bedroom Or More
- Flooring
- Laminate
- Fencing
- None
- Interior Features
- Blinds/Shades; Ceiling Fan(s); Furnished
- Garage & Parking
- Attached Garage Spaces: 0; Detached Garage Spaces: 0; Total # Garage Spaces: 0; Total Carport Spaces: 0
- HOA and Neigh Amenities
- No Amenities
- Heated SqFt
- 1000 - 1199
- Heating
- Heat Pump
- Heating System Fuel Source
- Electric
- Lot Water Features
- None
- Patio and Porch Features
- Deck
- Parking Features
- On Site
- Roof
- Metal
- Road Type/Frontage
- Public (City/Cty/St)
- Levels
- One
- Water Heater
- Electric
- Utilities
- Water Connected
- Construction Type
- Stick Built
- View Type
- Ocean
- Frontage Type
- None
- Tax Assessed Value
- $592,210
- Cobra Zone
- No
- Deed Book
- 4287
- Deed Page
- 1169
- Federal Flood Ins Avlbl
- No
- Plat Book
- 2.5
- PID
- 234NC02601
- Tax Identifier
- 234nc02601
- Plat Page
- 266
- Special Assessments
- None
- Tax Year
- 2025
- Lot #
- 7
- Legal
- L-7 B-76 Lb Plat 2.5/266
- Directions to Property
- Go down Oak Island Drive, Turn towards the ocean at Middleton Drive, Take a right onto West Beach. House is on the right.