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1204 Canal Drive Unit 2, Carolina Beach, NC, 28428

5beds
5baths
2,416sqft
$1,000,000
$414price/sqft
$5,752/moest. monthly cost
$230,080/yrincome needed

About This Home

1204 Canal Dr. Unit 2 offers the ultimate Carolina Beach coastal lifestyle! This beautifully maintained duplex condo features 5 bedrooms, 4.5 baths, three spacious levels, a new 1000 lbs. private elevator, and breathtaking views of both the canal and the Atlantic Ocean. Fully furnished and tastefully decorated, this turn-key property is ready for immediate enjoyment or continued use as a successful self-managed Airbnb vacation rental. The open-concept top floor showcases vaulted ceilings, a spacious gathering area, fireplace, and abundant natural light, creating the perfect space for entertaining and relaxing. Enjoy coastal breezes and stunning water views from five covered decks. Convenient covered parking is located underneath the unit for easy access. Just one block from beach access, this versatile property is ideal as a vacation home, investment property, or primary residence. Don't miss this exceptional opportunity to own a piece of paradise in Carolina Beach -- schedule your showing today!

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

8/10
7/10
Charles P Murray MiddleGrades 6-83.8 mi
5/10
Eugene Ashley HighGrades 9-123.8 mi

Construction

Condition

  • Year built: 2005

Materials

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

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Mini Refrigerator,Electric Oven,Built-In Microwave,Water Softener,Washer,Refrigerator,Range,Ice Maker,Dryer,Disposal,Dishwasher
  • Laundry features: Dryer Hookup,Washer Hookup,Laundry Closet

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: First

Bedroom4

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Dining Room

  • Level: Third

Features

  • Walk-in Closet(s),Vaulted Ceiling(s),High Ceilings,Solid Surface,Kitchen Island,Elevator,Ceiling Fan(s),Furnished,Reverse Floor Plan,Walk-in Shower,Wet Bar,Blinds/Shades,Gas Log,Walk-In Closet(s)
  • Window features: Storm Window(s)
  • Flooring: LVT/LVP,Tile
  • Fireplace features: Gas Log
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Propane,Heat Pump,Fireplace(s),Electric
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 2,416
  • Total interior livable area: 2,416 sqft

Kitchen

  • Level: Third

Living Room

  • Level: Third

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: R08811008006002
  • Zoning: R-1
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Patio & porch: Covered,Deck,See Remarks
  • Fencing: None
  • Has view: Yes
  • View description: Canal,Ocean,None,Sound,Water
  • Has water view: Yes
  • Water view: Canal,Ocean,Sound,Water
  • Waterfront features: Second Row,Water Access Comm
  • Frontage type: See Remarks
  • Living area range: 2400 - 2599

Lot

  • Lot size: 6,098 sqft
  • Features: Second Row,Water Access Comm

Parking

  • Parking features: Golf Cart Parking,Covered

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 $5,056$60,672
Home Insurance *$117$1,404
Property Taxes $354$4,248
Electricity $225$2,700
Total$5,752$69,024
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$197,211/yr
40% on housing$172,560/yr
45% on housing$153,386/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

$414This 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)

Price History

DateEventPrice
2026-08-10Price change$945,000
2026-06-30Price change$1,000,000
2026-06-01Listed for sale$1,049,000
2024-10-22Sold$825,000
2024-10-10Pending sale$879,900
2024-09-03Price change$879,900
2024-08-16Listed for sale$924,900
2024-08-15Listing removed--
2024-07-28Listed for sale$950,000
2021-03-24Listing removed--
2020-02-14Sold$550,000
2020-01-19Listed for sale$570,000
2011-03-31Sold$365,000
2010-06-23Sold$365,000

For Sale by Agent

AgentApril F Williams
BrokerageIntracoastal Realty Corporation

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