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506 Canal Drive #2, Carolina Beach, NC, 28428

5beds
4baths
2,530sqft
$1,284,000
$508price/sqft
$7,465/moest. monthly cost
$298,600/yrincome needed

About This Home

Experience the best of luxury coastal living with AMAZING ocean and canal water views and a huge show-stopping rooftop deck, all just steps from beach access. This exceptional 5-bedroom, 4 full bath townhome duplex with private Elevator, whole home generator, built in 2023 and offered fully furnished, features 2,530 square feet of thoughtfully designed living space--perfect as a private beach retreat, income-producing investment, or primary residence. A unique design sets this property apart, with the top floor featuring a private 1-bedroom 1 bath unit complete with a full kitchen, living area, laundry, separate entrance and elevator access--ideal for a vacation rental or guest quarters while enjoying the main living areas on the first and second floors. Or rent out the main two levels and keep the top level for yourself. The 1300 sq. ft. rooftop deck is designed for entertaining and relaxation, complete with a hot tub, grill, bar with TV, sun lounging area, and breathtaking ocean and canal views. Multiple decks throughout the home provide additional outdoor living spaces to take in the coastal breeze. Enjoy ocean and canal views from most decks and elevator access is available on all levels. Inside, you'll find high-end finishes including Bosch appliances, quartz countertops, and well-appointed details throughout. The open, airy layout blends modern style with beachside comfort. Additional features include covered parking for up to 4 vehicles, a large outdoor shower,2 large outdoor storage closets, and a private fenced, landscaped backyard--perfect for unwinding after a day at the beach. This is a rare opportunity to own a versatile, turn-key coastal property offering both luxury and strong rental potential in a prime beachside location. In 2025 the owner used the top floor private unit and rented out the first two levels and brought in approximately $76,000 in rental income by managing it himself.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

7/10
7/10
Charles P Murray MiddleGrades 6-84.2 mi
5/10
Eugene Ashley HighGrades 9-124.4 mi

Construction

Condition

  • Year built: 2023

Materials

  • Foundation: Other,Pilings
  • Roof: Membrane,Flat
  • Construction materials: Fiber Cement,Wood Frame

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Mini Refrigerator,Electric Oven,Built-In Microwave,Washer,Refrigerator,Dryer,Dishwasher
  • Laundry features: Laundry Closet

Basement

  • Basement: None

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedroom4

  • Level: Second

Bedroom5

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Dining Room

  • Level: First

Features

  • Walk-in Closet(s),Solid Surface,Whole-Home Generator,Generator Plug,Elevator,2nd Kitchen,Apt/Suite,Ceiling Fan(s),Furnished,Hot Tub,Walk-in Shower,Blinds/Shades,Smart Thermostat,Walk-In Closet(s)
  • Flooring: LVT/LVP,Tile
  • Attic: None

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air,Ceiling Fan(s),Heat Pump

Interior Area

  • Total structure area: 2,530
  • Total interior livable area: 2,530 sqft

Kitchen

  • Level: First

Kitchen

  • Level: Third

Laundry

  • Level: Second

Living Room

  • Level: First

Living Room

  • Level: Third

Master Bedroom

  • Level: Second

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: R08819004007000
  • Zoning: R-1
  • Special condition: Standard
  • Other equipment: Generator

Features

  • Levels: Three Or More
  • Pool features: Above Ground,See Remarks
  • Patio & porch: Covered,Deck,Porch,See Remarks,Balcony,Front Porch,Rear Porch
  • Exterior features: Outdoor Shower,Irrigation System,Gas Grill,DP50 Windows,Outdoor Grill
  • Fencing: Privacy,Back Yard,Wood
  • Has view: Yes
  • View description: Canal,ICW,Marina,Ocean,Sound,Water
  • Has water view: Yes
  • Water view: Canal,Marina,Ocean,Sound,Water
  • Waterfront features: Harbor,Sound Side,Third Row
  • Frontage type: See Remarks
  • Living area range: 2400 - 2599

Lot

  • Lot size: 6,098 sqft
  • Features: Harbor,Sound Side,Third Row
  • Lot size dimensions: None

Parking

  • Total spaces: 4
  • Parking features: Attached,Covered,Concrete,Lighted,Off Street,On Site,Paved
  • Covered spaces: 4
  • Carport: Yes
  • Carport spaces: 4