506 Canal Drive #2, Carolina Beach, NC, 28428
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
Somewhat Walkable
Very Limited Transit
BikeableSchools
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
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
- Lightning
- Winter Weather
- Inland Flooding
- Ice Storm
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New Hanover 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 | $6,320 | $75,840 |
| Home Insurance * | $146 | $1,752 |
| Property Taxes | $572 | $6,864 |
| Electricity | $235 | $2,827 |
| Total | $7,273 | $87,276 |
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 |
|---|---|---|
| 2026-05-08 | Listed for sale | $1,284,000 |
| 2025-01-03 | Sold | $1,200,000 |
| 2024-12-12 | Pending sale | $1,295,000 |
| 2024-10-17 | Price change | $1,295,000 |
| 2024-08-29 | Listed for sale | $1,330,000 |
| 2024-04-01 | Listing removed | -- |
| 2024-01-11 | Price change | $1,825,000 |
| 2023-10-20 | Listed for sale | $1,890,000 |
View on Zillow