636 & 644 S Third Avenue, Kure Beach, NC, 28449
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Crawl Space
- Roof: Metal
- Construction materials: Wood Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Laundry Closet
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
Features
- Master Downstairs,Vaulted Ceiling(s),Solid Surface,Bookcases,Kitchen Island,Ceiling Fan(s),Furnished,Hot Tub,Pantry,Walk-in Shower,Blinds/Shades,Eat-in Kitchen
- Flooring: LVT/LVP,Tile,Hardwood
- Attic: None
Heating & Cooling
- Heating features: Heat Pump,Electric,Forced Air
- Cooling features: Central Air,Wall/Window Unit(s),Heat Pump
Interior Area
- Total structure area: 3,618
- Total interior livable area: 3,618 sqft
Property
Details
- Parcel number: R09405009020000
- Zoning: RA-2
- Special condition: Standard
Features
- Levels: One
- Patio & porch: Deck,Porch,Screened
- Exterior features: Outdoor Shower
- Fencing: None
- Has view: Yes
- View description: Ocean,Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: None
- Frontage type: See Remarks
- Living area range: 3500 - 3999
Lot
- Lot size: 0.36 Acres
- Features: Corner Lot,Landscaped
- Lot size dimensions: Irregular
Parking
- Parking features: Off Street
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
- Lightning
- Coastal Flooding
- Ice Storm
- Tornado
- Winter Weather
- 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 | $9,860 | $118,320 |
| Home Insurance * | $329 | $3,948 |
| Property Taxes | $893 | $10,716 |
| Electricity | $336 | $4,043 |
| Total | $11,418 | $137,016 |
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 |
|---|---|---|
| 2026-04-09 | Listed for sale | $1,950,000 |
| 2023-01-13 | Sold | $1,560,000 |
| 2022-09-29 | Pending sale | $1,550,000 |
| 2022-09-21 | Listed for sale | $1,550,000 |
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