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302 Alabama Avenue Unit 2, Carolina Beach, NC, 28428

4beds
4baths
2,719sqft
$975,000
$359price/sqft
$5,636/moest. monthly cost
$225,440/yrincome needed

About This Home

Turnkey Beach Investment | Rooftop Deck, Swim Spa, No HOA - Walk to Ocean Turnkey investment opportunity in the heart of Carolina Beach with income potential up to $900/night. Fully furnished and move-in or rental ready, this 4-bedroom, 4-bath property is designed for both strong cash flow and luxury coastal living. Featuring a 360° rooftop deck perfect for entertaining, a year-round swim spa, and a fully equipped home gym, this property stands out as one of the most unique offerings on the island. The open layout, multiple outdoor spaces, and high-end finishes create an ideal setup for vacation guests or personal use. Located just two blocks from beach access and the scenic greenway trail, the home offers the perfect blend of convenience, privacy, and lifestyle. With no HOA restrictions, you have full flexibility for short-term rentals or personal enjoyment. Whether you're looking for a high-performing Airbnb, a second home, or both, this property checks every box! For information about our preferred lender and the incentives you may qualify for, please ask your agent to review the agent comments for additional details

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

7/10
7/10
Charles P Murray MiddleGrades 6-85.9 mi
5/10
Eugene Ashley HighGrades 9-126.0 mi

Construction

Condition

  • Year built: 2015

Materials

  • Foundation: Raised,Slab
  • Roof: Flat
  • Construction materials: Vinyl Siding,Wood Frame

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Washer,Refrigerator,Range,Dryer,Disposal,Dishwasher

Bedrooms & Bathrooms

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

Features

  • Walk-in Closet(s),Kitchen Island,Ceiling Fan(s),Pantry,Walk-In Closet(s)
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 2,719
  • Total interior livable area: 2,719 sqft

Property

Details

  • Parcel number: R09017017022000
  • Zoning: MH
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Pool features: See Remarks
  • Patio & porch: Covered,Patio,Balcony
  • Exterior features: See Remarks60
  • Fencing: Wood
  • Has view: Yes
  • View description: See Remarks
  • Frontage type: See Remarks
  • Living area range: 2600 - 2799

Lot

  • Lot size: 1,306 sqft
  • Lot size dimensions: irregular

Parking

  • Total spaces: 1
  • Parking features: Garage Door Opener,Paved,Garage7
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Coastal Flooding
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters in New Hanover County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $4,930$59,160
Home Insurance *$114$1,368
Property Taxes $339$4,068
Electricity $253$3,038
Total$5,636$67,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$193,234/yr
40% on housing$169,080/yr
45% on housing$150,293/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

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.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$359This listing

vs Other Active Listings

Avg $/sqft

ZIP 28428$356
New Hanover County$308

vs Homes Sold Last Month

Median $/sqft

ZIP 28428$466
New Hanover County$260

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)

No zestimate history available

Price History

DateEventPrice
2026-05-04Price change$1,050,000
2026-04-21Listed for sale$1,100,000
2026-04-20Listing removed$1,090,000
2026-04-06Price change$1,090,000
2026-03-24Price change$1,150,000
2026-03-16Price change$1,195,000
2025-05-26Listed for sale$1,200,000
2024-05-25Listing removed--
2023-10-12Price change$1,175,000
2023-08-23Listed for sale$1,100,000
2022-09-03Listing removed--
2022-08-27Price change$900,000
2022-08-06Price change$1,200,000
2022-06-26Price change$1,350,000
2022-06-15Price change$1,400,000
2022-06-07Listed for sale$1,450,000
2016-07-08Sold$430,000

For Sale by Agent

AgentAspyre Realty Group, eXp Realty, Tyson R Emery, eXp Realty
BrokerageeXp Realty

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