4238 Island Drive, North Topsail Beach, NC 28460

$1,299,900
8
BD
7
BA
4,125
SqFt
List Price
$1,299,900
Status
ACTIVE
MLS#
100165569
Price Change
▼ $95,100 1568402522
Days on Market
379
Year Built
2013
Levels
3 Story or More
Bedrooms
8
Bathrooms
7
Half-baths
1
Full-baths
6
Living Area
4,125
Acres
0.32
Neighborhood
Ocean Ridge Village

Property Description

This oceanfront home is in Ocean Ridge Village, a prestigious community in North Topsail Beach. This popular vacation destination boasts one of the largest community front beaches on Topsail which provides an ''exclusive'' feel to the island, eliminating multiple public beach accesses being close to you while enjoying walking the sandy shore. This custom home was built taking no shortcuts, including multiple living areas, several dining areas, game room, and elevator. Wood flooring and hard counter surfaces are throughout the home. The spectacular decks offer views up and down the beach, porch swings, and a hot tub! Enjoy this magnificent investment with all of its income potential as well as being able to reap the benefits of personal use! Net operating income for the last two years came in 77K to 81K. It's time you consider having an aproximate 16% investor return with this rental machine. Gross rental income was $137,853 for 2018, and is over 125k pre booked for 2020. Come see where luxury meets the beach! Come see where luxury meets the beach!

Additional Information

HOA (annual)
$1,108
Available Amenities
Maint - Comm Areas, Mgmt Fee, Pool-Community, Tax Comm Areas
Appliances
Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
Interior Features
9Ft+ Ceilings, Ceiling - Vaulted, Ceiling Fan(s), Elevator, Furnished, Hot Tub, Reverse Floor Plan
Cooling
Central
Heating
Heat Pump
Water Heater
Electric
Foundation
Pilings
Roof
Shingle
Exterior Finish
Composition
Exterior Features
Gas Grill, Outdoor Shower, Deeded Beach Access, Deeded Water Access, Deeded Water Rights, Deeded Waterfront, Ocean Front, Ocean Side, Ocean View, Water Access Comm, Water View, Shower, Balcony, Covered, Porch, Dunes
Lot Information
Dunes
Waterfront
Yes
Utilities
Municipal Water, Private Sewer
Lot Water Features
Deeded Beach Access, Deeded Water Access, Deeded Water Rights, Deeded Waterfront, Ocean Front, Ocean Side, Ocean View, Water Access Comm, Water View
Elementary School
Dixon
Middle School
Dixon
High School
Dixon

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Treasure Realty Ii.

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