636 & 644 S Third Avenue
Kure Beach, NC 28449
$1,950,000
About the property
Why buy one beach house when you can buy three?
Three bungalows. Three lots. And one completely turnkey investment that generated over $180,000 in gross rental revenue in 2025 and is one pace to do $250k+ in 2026 -- making it one of the highest-rated short-term rental properties on the entire island.
This isn't your average beach house. It includes 3 standalone units, all fully renovated and furnished:
Bungalow 1: 2 bedroom/2 bath with a large, open floor plan kitchen and living room, screened in side porch, large front deck with hot tub and ocean view.
Bungalow 2: Perfectly laid out studio unit with outdoor space on both sides, including a hot tub and outdoor shower on one side and a lounge area on the other.
Bugalow 3: 4 bedroom/4 FULL bath property with 3 ensuite bedrooms, large kitchen area, breezeway separating the two wings and a private deck area with hot tub.
Since 2023, this collection of charming coastal bungalows has been completely transformed into a polished, guest-ready micro resort.
Every unit was redesigned from the ground up, interiors brightened and refreshed, exteriors freshly painted, and the outdoor spaces elevated with three brand new hot tubs, three outdoor showers, a fire pit, and all-new landscaping.
The result?
A property that practically runs itself and keeps guests coming back.
All furniture included. Just show up and start collecting checks.
And it gets sweeter -- those three separate lots each have the potential to support a duplex, giving a savvy developer a serious runway for future upside.
Whether you're someone looking to live at the beach for free by living in one unit while the others pay your mortgage, a seasoned investor adding a proven performer to your portfolio, or a developer with an eye on what this land could become -- this one checks every box.
Turnkey. Cash-flowing. Irreplaceable. Here's your chance to own Kure Beach's finest micro resort.
Listing agent is one of the owners of the property.
At a glance
Listing details
- Full bathrooms
- 7
- Half bathrooms
- 0
- Heated square feet
- 3,618
- Lot acres
- 0.36
- Lot dimensions
- Irregular
- Stories
- 1
- Zoning
- RA-2
- HOA
- No
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- Carolina Beach
- Middle school
- Murray
- High school
- Ashley
- School district
- New Hanover
Complete report
Property features
- City
- Kure Beach
- Sub-Type
- Single Family Residence
- County
- New Hanover
- Location Type
- Island
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
- City Limits
- Yes
- Pre Direction
- S
- Marketing City
- Kure Beach
- Year Built
- 1940
- # Baths - Total
- 7
- # Bedrooms
- 7
- # Rooms
- 10
- Master Bedroom Level
- Primary Living Area
- Waterview
- Yes
- New Construction
- No
- Sign on Property
- No
- Attic
- None
- Basement
- None
- Construction
- Wood Frame
- Property Condition
- Updated/Remodeled
- Cooling
- Ceiling Fan(s); Central Air; Heat Pump; Wall/Window Unit(s)
- Dining Room Type
- Combination
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- Wood Siding
- Foundation
- Crawl Space
- Exterior Features
- Outdoor Shower
- Terms
- Cash; Conventional; FHA; VA Loan; Commercial
- Trash Collection
- City Pick-UP
- Furnished
- Furnished
- Flooring
- Hardwood; LVT/LVP; Tile
- Fencing
- None
- Interior Features
- Blinds/Shades; Bookcases; Ceiling Fan(s); Eat-in Kitchen; Furnished; Hot Tub; Kitchen Island; Master Downstairs; Pantry; Solid Surface; Vaulted Ceiling(s); Walk-in Shower
- Garage & Parking
- Total Parking Spaces: 8; Attached Garage Spaces: 0; Detached Garage Spaces: 0; Total # Garage Spaces: 0; Total Carport Spaces: 0
- HOA and Neigh Amenities
- No Amenities
- Heated SqFt
- 3500 - 3999
- Heating
- Forced Air; Heat Pump
- Heating System Fuel Source
- Electric
- Lot Features
- Corner Lot; Landscaped
- Laundry Features
- Laundry Closet
- Lot Water Features
- None
- Patio and Porch Features
- Deck; Porch; Screened
- Parking Features
- Off Street
- Pool Features
- Hot Tub
- Roof
- Metal
- Road Type/Frontage
- Paved; Public (City/Cty/St)
- Levels
- One
- Water Heater
- Electric
- Utilities
- Cable Available; Sewer Connected; Water Connected
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Construction Type
- Stick Built
- View Type
- Ocean; Water
- Frontage Type
- None
- Tax Assessed Value
- $1,877,800
- Cobra Zone
- No
- Deed Book
- 5114 & 5955
- Deed Page
- 14612779
- Plat Book
- N/A
- PID
- See Remarks
- Tax Identifier
- R09405-009-020-000
- Plat Page
- N/A
- Special Assessments
- None
- Tax Year
- 2025
- Legal
- LOTS 1-2 BLK 29 KURE BEACH REV LOT 3 BLK 29 KURE BEACH REV LOTS 4-7 BLK 29 KURE BEACH REV
- Directions to Property
- Starting at the intersection at Kure Beach Pier head south, turn right onto E Ave off of Forth Fisher Blvd. Property is on the corner of 3rd and E.
Location
Map & location
636 & 644 S Third Avenue, Kure Beach, NC 28449
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