387 W First Street, Ocean Isle Beach, NC 28469

$4,685,000

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Property Type: Residential Bedrooms: 10 Baths: 10 Square Footage: 5,390 Lot Size (sq. ft.): 18,295 Status: Active

Current Price: $4,685,000 List Date: 7/24/2026 Last Modified: 9/10/2026

Overview

Description

Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptional rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront ... (Read more) Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptional rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront saltwater pool and spa create a true resort experience, while the expansive outdoor entertaining area includes two gas grills, a 14-foot bar, outdoor kitchen, entertainment center, and low-maintenance artificial turf surrounded by mature palms. Beyond traditional vacation rentals, the property is frequently rented for weddings and events, creating an additional income opportunity. To support these events, the home conveys with a turnkey inventory including 80 wedding chairs, ten 60-inch round dining tables, six 30-inch cocktail tables, three 8-foot banquet tables, and rolling storage carts for easy setup and organization. Inside, guests are welcomed by panoramic Atlantic views from nearly every room. The chef's kitchen is equipped to handle large groups with premium appliances, including a side-by-side refrigerator and full-size freezer, dual sinks, double ovens, an 8-burner range, beverage station with ice maker, and generous prep space. Two laundry rooms further enhance functionality for high-occupancy rentals and extended stays. Expansive oceanfront decks capture both sunrise over the Atlantic and spectacular evening sunsets thanks to the home's coveted south-facing shoreline. A private beach walkover places the sand just steps from your backyard. For investors, North Carolina's coastal market continues to offer compelling advantages over many competing beach destinations. Lower property taxes and operating costs than many coastal markets, combined with strong vacation demand and favorable ownership economics, allow investors to keep more of their rental revenue while building long-term equity in a premier oceanfront asset. Whether you're expanding a luxury vacation rental portfolio, completing a 1031 exchange, or searching for a legacy property that generates meaningful income while your family enjoys it throughout the year, this is an exceptionally rare opportunity to own one of Ocean Isle Beach's high-performing oceanfront homes.

Listing Details MLS# 100591472

Contract Info

Sub-Type: Single Family Residence
Construction Type: Stick Built
Delayed Marketing?: No
Marketing Start Date: 2026-07-24
Listing Price: 4685000
List Price/SqFt: 869.2
Stipulation of Sale: Standard

Location Information

Street #: 387
Pre Direction: W
Street Name: First
Street Suffix: Street
County: Brunswick
State/Province: NC
Zip Code: 28469
City Limits: Yes
Marketing City: Ocean Isle Beach
Subdivision: Islander Resort
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: From downtown Wilmington, take US-17S/US-76W/Wooster St. Keep (R) to take US-17S exit toward Brunswick/County Beaches. Follow for approx 34 mi. (L) onto Ocean Isle Beach Rd SW. At traffic circle, take 2nd exit to stay on Ocean Isle Beach Rd SW. At next traffic circle, take 2nd exit onto Causeway Dr. At next traffic circle, take 1st exit onto W First St. House will be on (L) after approx 1.7 mi.
Sign on Property: Yes

Property Exterior Info

New Construction: No
Lot Acres: 0.42
Lot SqFt: 18295
Lot Dimensions: 60x292x65x291
Waterfront: Yes
Waterview: Yes
Location Type: Island

Property Interior Info

SqFt - Heated (Primary): 5390
Total SqFt - Heated (Primary + Separate): 5390
# Rooms: 19
# Baths - Full: 8
# Baths - Half: 2
# Baths - Total: 10
# Bedrooms: 10
Master Bedroom Level: Non Primary Living Area
Stories Total: 4
Fireplace Y/N: No

Legal Taxes

Year Built: 2024

More Information

Fuel Tank

Above or Below Ground: Above Ground
Fuel Type: Propane
In Use: Yes
Owned or Leased: Owned

Entry Level Information

Entry Level: Yes

Current Service Providers

Electric Provider: Brunswick Electric
Fuel Vendor Provider: Blossman
Sewer Provider: City/Town
Trash Provider: City/Town
Water Provider: City/Town

HOA

Association Fee 1/Year: 500
Association Name: CAM OIB
Association Phone: 9105795163

Rooms

Bedroom 1 Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Upper
Bedroom 5 Level: Upper
Bedroom 6 Level: Upper
Bedroom 7 Level: Upper
Bedroom 8 Level: Upper
Bedroom 9 Level: Upper
Dining Room Level: Main
Family Room Level: Upper
Kitchen Level: Main
Laundry Level: Main
Living Room Level: Main
Master Bedroom Level: Third
Office Level: Upper
Other Level: Third
Utility Room Level: Third

Property Features

Showing Instructions: Showing Service Frontage Type: Oceanfront Handicap Accessible: Accessible Approach with Ramp; Accessible Full Bath; Elevator View Type: Ocean; Water Attic: Access Only Construction: Wood Frame Exterior Features: Exterior Kitchen; Gas Grill; Irrigation System; Outdoor Grill; Outdoor Shower Exterior Finish: Fiber Cement Fencing: Back Yard; Vinyl Foundation: Pilings Fuel Tank: Fuel Tank Green Bldg Features: Tankless Water Heater Parking Features: Attached; Garage; Garage; Garage Faces Front; Gravel; Off Street; Tandem; Underhouse Patio and Porch Features: Balcony; Covered; Deck; Front Porch; Patio; Rear Porch Pool Features: Hot Tub; In Ground; Private Roof: Metal Levels: 3 Story or More Trash Collection: City Pick-UP Lot Features: Dead End; Dunes Lot Water Features: Ocean Side Cooling: Ceiling Fan(s); Central Air; Heat Pump; Multi Units Heating: Forced Air; Heat Pump Heating System Fuel Source: Propane Water Heater: Propane Utilities: Cable Available; Sewer Connected; Water Connected Sewer: Municipal Sewer Water Source: Municipal Water Flooring: LVT/LVP; Tile Furnished: Furnished Interior Features: Built-in Features; Ceiling Fan(s); Elevator; Entrance Foyer; Furnished; High Ceilings; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Wet Bar Security Features: Smoke Detector(s) Laundry Features: Hookup - Dryer; Hookup - Washer; Laundry Closet; Laundry Room Heated SqFt: 5000 - 5499 Dining Room Type: Combination HOA and Neigh Amenities: Beach Access; Maint - Roads; Management; Tennis Court(s); Club Membership; Club Membership Rooms: Bedroom 1; Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bedroom 6; Bedroom 7; Bedroom 8; Bedroom 9; Dining Room; Family Room; Kitchen; Laundry; Living Room; Master Bedroom; Office; Other; Utility Room Terms: Cash; Conventional; VA Loan

Room Information

Room Name	Level	Remarks
Kitchen	Main
Dining Room	Main
Living Room	Main
Laundry	Main
Bedroom 1	Main
Bedroom 2	Main
Bedroom 3	Main
Family Room	Upper
Bedroom 4	Upper
Bedroom 5	Upper
Bedroom 6	Upper
Office	Upper
Bedroom 7	Upper
Bedroom 8	Upper
Bedroom 9	Upper
Master Bedroom	Third
Other	Third	Master Sitting Room
Laundry	Third
Utility Room	Third

IDX

Listing Office: Compass Carolinas LLC

Last Updated: September - 10 - 2026

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