See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

105 Teakwood Drive Apt 702, Carolina Beach, NC, 28428

2beds
2baths
1,162sqft
$450,000
$387price/sqft
$2,686/moest. monthly cost
$107,440/yrincome needed

About This Home

Tucked into one of the Island's most peaceful pockets, this 2 bedroom, 2 bath condo at Otter Creek offers something increasingly rare, open spaces, mature greenery, and water views, without the revolving door of short-term rental traffic. This end unit is spacious and well-proportioned, with a layout that feels more like a home than a typical condo. Both bedrooms are full-sized, and the two full baths mean no compromises whether you're living here full-time or settling in for a long stretch as a second home. The living space flows naturally out to an oversized deck and it's genuinely large! Just steps from your door, the large community pool is exactly what summer calls for. This location makes island life genuinely easier with quick access on and off the island, plus back road routes to Publix and Food Lion that bypass the summer congestion entirely. It's the kind of location that makes a real difference in the summer months!

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

7/10
7/10
Charles P Murray MiddleGrades 6-83.4 mi
5/10
Eugene Ashley HighGrades 9-123.5 mi

Construction

Condition

  • Year built: 1983

Materials

  • Foundation: Other,Pilings
  • Roof: Architectural Shingle
  • Construction materials: Wood Siding,Wood Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s),Blinds/Shades
  • Flooring: LVT/LVP,Tile,Vinyl
  • Attic: Access Only
  • Common walls with other units/homes: End Unit

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,162
  • Total interior livable area: 1,162 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: R08810003003014
  • Zoning: R-2
  • Special condition: Standard

Features

  • Levels: One
  • Patio & porch: Deck
  • Exterior features: Cluster Mailboxes,End Unit
  • Fencing: None
  • Has view: Yes
  • View description: Canal,Marsh,Sound,Water
  • Has water view: Yes
  • Water view: Canal,Marsh,Sound,Water
  • Waterfront features: Sound Side
  • Frontage type: See Remarks
  • Living area range: 1000 - 1199

Lot

  • Features: Sound Side

Parking

  • Total spaces: 1
  • Parking features: Assigned,Paved,Tandem,Garage
  • 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

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

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Winter Weather
Inland 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 $2,275$27,300
Home Insurance *$52$624
Property Taxes $159$1,908
Electricity $200$2,405
Total$2,686$32,232
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$92,091/yr
40% on housing$80,580/yr
45% on housing$71,626/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

$387This listing

vs Other Active Listings

Avg $/sqft

ZIP 28428$358
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
2026-05-12Price change$450,000
2026-04-22Listed for sale$465,000
2020-11-24Sold$294,000
2019-07-31Sold$253,000
2015-01-13Sold$163,500
2014-08-09Price change$175,000
2014-07-22Price change$179,000
2014-05-16Price change$185,000
2014-03-04Listed for sale$187,000
2012-06-02Listing removed$175,000
2012-01-15Listed for sale$175,000

For Sale by Agent

AgentCori L McQueen, Coldwell Banker Sea Coast Advantage-CB
BrokerageColdwell Banker Sea Coast Advantage-CB

Similar Homes