2507 E Oak Island Drive, Oak Island, NC, 28465
About This Home
Welcome to your island escape--where salty breezes, sun-soaked days, and effortless coastal living await. This beautifully renovated 5-bedroom, 3-bath piling home sits high and dry outside the flood zone, offering peace of mind and the perfect blend of comfort, flexibility, and beachside charm. This home would make a great second home but there is a great investment opportunity here as well. Conservative rental analytics show a rental income potential of over $50,000 per year at 60-70 percent capacity. The main living level features an airy, open-concept layout with three generous bedrooms and two full baths. The refreshed coastal kitchen shines with brand-new granite countertops, updated cabinetry, and durable luxury vinyl plank flooring--perfect for sandy feet and easy living. The living and dining spaces flow seamlessly, making it ideal for relaxed gatherings after a day at the beach. Step outside to the expansive wrap-around porch and soak in ocean breezes and island vibes from every angle. Downstairs, you'll find a private two-bedroom apartment complete with a living area, kitchenette, and full bath. With access from both inside and exterior entrances, this flexible space is perfect for guests, extended family, or income-producing short- or long-term rentals. Seller just installed new LVP flooring on the first floor level. Coastal perks include: • No HOA--ultimate freedom for rentals or personal use * New LVP flooring on the first and second floor * Spacious driveway and side parking for cars, boats, or golf carts • One-car garage plus additional flex space for beach gear, storage, or a workshop • Wrap-around porch ideal for outdoor lounging and entertaining Just a short stroll to the beach, Middleton Park, local dining, and island shops, this home places you in the heart of coastal fun. Enjoy quick access to charming Southport and an easy drive to Wilmington--all while tucked into a peaceful island neighborhood.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1989
Materials
- Foundation: Other,Pilings
- Roof: Metal
- Construction materials: Composition,Wood Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Cooktop,Washer,Refrigerator,Range,Dryer,Dishwasher
- Laundry features: Laundry Room
Basement
- Basement: None
Bathroom3
- Level: First
Bedroom1
- Level: Second
Bedroom3
- Level: Second
Bedroom4
- Level: First
Bedroom5
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Dining Room
- Level: Second
Features
- 2nd Kitchen,Ceiling Fan(s),Blinds/Shades
- Flooring: LVT/LVP,Carpet
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 2,084
- Total interior livable area: 2,084 sqft
Kitchen
- Level: Second
Kitchen
- Level: First
Living Room
- Level: Second
Living Room
- Level: First
Master Bedroom
- Level: Second
Property
Details
- Parcel number: 235jl005
- Zoning: Ok-R-6
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Porch,Wrap Around
- Fencing: Wood,Front Yard
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
- Living area range: 2000 - 2199
Lot
- Lot size: 7,405 sqft
- Features: Front Yard,Corner Lot
- Lot size dimensions: 60 x 125
Parking
- Total spaces: 1
- Parking features: None,Unpaved
- 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
- Hurricane
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Brunswick 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 | $3,387 | $40,644 |
| Home Insurance * | $125 | $1,500 |
| Property Taxes | $206 | $2,472 |
| Electricity | $200 | $2,405 |
| Total | $3,918 | $47,016 |
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 |
|---|---|---|
| 2026-04-28 | Price change | $670,000 |
| 2026-04-14 | Price change | $689,900 |
| 2026-03-19 | Price change | $699,900 |
| 2026-03-16 | Price change | $705,000 |
| 2026-03-06 | Price change | $710,000 |
| 2026-01-29 | Price change | $715,000 |
| 2026-01-06 | Price change | $720,000 |
| 2025-12-01 | Price change | $725,000 |
| 2025-10-31 | Listed for sale | $735,000 |
| 1995-09-01 | Sold | $117,000 |
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