2068 New River Inlet Road, North Topsail Beach, NC, 28460
About This Home
Investor Alert - Gross Rental Income Exceeds $600,000 Annually! Rarely does an opportunity like this come to market. Southern Grace is an extraordinary turnkey oceanfront investment property in North Topsail Beach, generating over $600,000 in annual gross rental income with an exceptional, proven rental history. One of the largest homes on Topsail Island, this impressive 8,300+ sq. ft. oceanfront estate offers 16 bedrooms, 16 full ensuite bathrooms, and 2 half baths, comfortably accommodating up to 60 guests. Designed to host unforgettable experiences, the home is perfectly suited for multi-generational family vacations, corporate retreats, weddings, reunions, and other special events. Positioned on an expansive oceanfront lot, Southern Grace showcases breathtaking beachfront views, multiple spacious living and gathering areas, elevator access to every level, and expansive oceanfront and sound-side decks ideal for taking in spectacular sunrises, sunsets, and frequent dolphin sightings. Resort-style outdoor amenities include a private oceanfront swimming pool, tiki bar, generous parking, and direct beach access, creating the ultimate destination for large groups seeking a luxury coastal escape. Offered fully furnished and rental ready, this exceptional estate provides the rare opportunity to step into a thriving income-producing investment while enjoying one of the premier luxury oceanfront properties on Topsail Island.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2015
Materials
- Foundation: Other,Pilings
- Roof: Architectural Shingle
- Construction materials: Fiber Cement,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Mini Refrigerator,Electric Oven,Electric Cooktop,Built-In Microwave,Washer,Refrigerator,Dryer,Double Oven,Disposal,Dishwasher
- Laundry features: Laundry Room
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 18
- Full bathrooms: 16
- 1/2 bathrooms: 2
Features
- Vaulted Ceiling(s),High Ceilings,Entrance Foyer,Solid Surface,Kitchen Island,Elevator,Furnished,Hot Tub,Reverse Floor Plan,Blinds/Shades
- Flooring: Carpet,Tile,Wood
Heating & Cooling
- Heating features: Electric,Forced Air,Heat Pump
- Cooling features: Central Air,Zoned
Interior Area
- Total structure area: 8,321
- Total interior livable area: 8,321 sqft
Property
Accessibility
- Accessibility features: Accessible Elevator Installed
Details
- Parcel number: 7784.7
- Zoning: R-20
- Special condition: Standard
Features
- Levels: Two
- Pool features: In Ground
- Patio & porch: Covered,Deck,Balcony
- Exterior features: Outdoor Shower,Gas Grill
- Fencing: Back Yard,Wood
- Has view: Yes
- View description: Ocean,Sound,Water
- Has water view: Yes
- Water view: Ocean,Sound,Water
- On waterfront: Yes
- Waterfront features: Deeded Beach Access,Waterfront,Ocean Front
- Frontage type: Oceanfront
- Living area range: 8000 - 8499
Lot
- Lot size: 1.11 Acres
- Features: Dunes,Deeded Beach Access,Deeded Waterfront,Ocean Side
- Lot size dimensions: 64.79 x 746.41 x 64.65
Parking
- Parking features: Additional Parking,On Site
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Winter Weather
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Onslow County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $24,766 | $297,192 |
| Home Insurance * | $1,337 | $16,044 |
| Property Taxes | $4,435 | $53,220 |
| Electricity | $775 | $9,300 |
| Total | $31,313 | $375,756 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-21 | Listed for sale | $4,898,000 |
| 2025-10-31 | Listing removed | $4,799,000 |
| 2025-05-20 | Listed for sale | $4,799,000 |
| 2025-05-09 | Listing removed | $4,850,000 |
| 2025-04-09 | Price change | $4,850,000 |
| 2025-02-18 | Listed for sale | $5,250,000 |
| 2024-10-14 | Listing removed | $5,500,000 |
| 2024-05-12 | Contingent | $5,500,000 |
| 2024-05-10 | Pending sale | $5,500,000 |
| 2024-04-20 | Listed for sale | $5,500,000 |
| 2021-05-02 | Listing removed | -- |
| 2021-04-24 | Price change | $4,990,000 |
| 2021-04-17 | Price change | $4,395,000 |
| 2021-03-14 | Price change | $4,190,000 |
| 2021-01-11 | Listed for sale | $3,990,000 |
| 2014-06-19 | Sold | $250,000 |
For Sale by Agent
View on Zillow