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2003 W Pelican Drive

Oak Island, NC 28465
  • $1,299,500
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 100562885
Price Reduced
UPDATED: 60 min ago
$1,299,500
  • 4
    BEDS
  • 0.24
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,510
    SQFT
  • $518
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1998
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

$155,000 PROJECTED ANNUAL RENTAL INCOME. OCEAN VIEWS. DAVIS CANAL VIEWS. HEATED POOL. FORTIFIED ROOF. STEPS TO THE OCEAN. DUAL ENTRY DRIVEWAYS. MULTIPLE DECKS AND BALCONIES. Located on Oak Island's highly sought-after west end, this extraordinary 4-bedroom, 3.5-bath coastal retreat delivers the rare blend of luxury living and serious investment performance. Wake up to sweeping ocean views from the front of the home and unwind each evening with stunning sunsets dancing across the Davis Canal from the rear, offering breathtaking water views from sunrise to sunset. Designed for the ultimate coastal lifestyle, the outdoor living spaces are nothing short of spectacular with expansive front and rear porches, multiple balconies, a sparkling heated pool, private hot tub, and outdoor shower creating a true island resort atmosphere. Inside, the bright open-concept floor plan was built for effortless entertaining and elevated everyday living, featuring a beautifully updated kitchen with a massive island, dedicated coffee bar, pantry, and upscale finishes throughout. Rare dual driveway access from both the front and rear of the property provides abundant parking for guests, boats, golf carts, and beach gear, an incredibly uncommon and highly valuable island feature. Three bedrooms feature en-suite baths, maximizing comfort, privacy, and rental appeal, while the oversized custom primary closet and spacious laundry room add functionality rarely found in beach homes. The recently installed FORTIFIED ROOF offers added peace of mind, durability, and potential insurance benefits. Furniture conveys with select exclusions, making this a nearly turnkey opportunity ready to enjoy immediately. Whether you're searching for a luxury second home, full-time island escape, or high-performing income-producing asset, this property delivers on every level.

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[Hive MLS] logoThe data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC, and is updated as of 2026-05-09T17:32:16.03. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Bryant Evans | RE/MAX Southern Shores shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS LLC
www.bryantevans.net/homes/174482692
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2003 W Pelican Drive Oak Island, NC 28465

  • Price: $1,299,500
  • Status: Active
  • On Site: 43 Days
  • Updated: 60 min ago
  • MLS #: 100562885
4
Beds
3
Baths
1
½ Baths
0.24
Acres
2,510
SQFT
$518
$/SQFT
1998
Built
Neighborhood:
W. Long Beach
County:
Brunswick
Area:
Oak Island
Elementary School:
Southport
Middle School:
South Brunswick
High School:
South Brunswick
School District:
Brunswick County Schools
Property Description
$155,000 PROJECTED ANNUAL RENTAL INCOME. OCEAN VIEWS. DAVIS CANAL VIEWS. HEATED POOL. FORTIFIED ROOF. STEPS TO THE OCEAN. DUAL ENTRY DRIVEWAYS. MULTIPLE DECKS AND BALCONIES. Located on Oak Island's highly sought-after west end, this extraordinary 4-bedroom, 3.5-bath coastal retreat delivers the rare blend of luxury living and serious investment performance. Wake up to sweeping ocean views from the front of the home and unwind each evening with stunning sunsets dancing across the Davis Canal from the rear, offering breathtaking water views from sunrise to sunset. Designed for the ultimate coastal lifestyle, the outdoor living spaces are nothing short of spectacular with expansive front and rear porches, multiple balconies, a sparkling heated pool, private hot tub, and outdoor shower creating a true island resort atmosphere. Inside, the bright open-concept floor plan was built for effortless entertaining and elevated everyday living, featuring a beautifully updated kitchen with a massive island, dedicated coffee bar, pantry, and upscale finishes throughout. Rare dual driveway access from both the front and rear of the property provides abundant parking for guests, boats, golf carts, and beach gear, an incredibly uncommon and highly valuable island feature. Three bedrooms feature en-suite baths, maximizing comfort, privacy, and rental appeal, while the oversized custom primary closet and spacious laundry room add functionality rarely found in beach homes. The recently installed FORTIFIED ROOF offers added peace of mind, durability, and potential insurance benefits. Furniture conveys with select exclusions, making this a nearly turnkey opportunity ready to enjoy immediately. Whether you're searching for a luxury second home, full-time island escape, or high-performing income-producing asset, this property delivers on every level.
Exterior Features

Attached Garage YN Yes Carport Spaces 0 Construction Materials Vinyl SidingWood Frame Door Features Storm Door(s) Exterior Features Outdoor ShowerStorm Doors Exterior Finish Vinyl Siding Fencing Vinyl Foundation Details OtherPilings Garage YN Yes Parking Features GravelConcreteOff StreetUnderhouse Parking Total 1 Patio And Porch Features CoveredDeckPatioPorchScreenedFront PorchRear Porch Pool Features In Ground Roof Architectural Shingle Structure Type Wood FrameStick Built View CanalMarshOceanWater

Interior Features

Accessibility Features None Appliances Electric OvenElectric CooktopBuilt-In MicrowaveRefrigeratorTankless Water HeaterElectric Range Basement None Building Area Total 2510 Cooling Central AirCeiling Fan(s)2Multi Units Cooling YN Yes Flooring LVT/LVPCarpetTile Furnished Partially Green Building Verification Type None Heating ElectricForced AirHeat Pump Heating System Fuel Source Electric Heating YN Yes Interior Features Master DownstairsWalk-in Closet(s)High CeilingsSolid SurfaceKitchen IslandCeiling Fan(s)FurnishedPantryWalk-in ShowerBlinds/ShadesBuilt-in FeaturesWalk-In Closet(s) Laundry Features Dryer HookupWasher HookupLaundry Room Levels Two Rooms Bedroom 3 (Second Level) Dining Room (First Level) Bathroom 1 (First Level) Master Bedroom (First Level) Bedroom 2 (Second Level) Laundry (First Level) Bedroom 4 (Second Level) Kitchen (First Level) Living Room (First Level) Rooms Total 8 Security Features Smoke Detector(s) Water Heater Tankless

Property Features

Association YN No Cobra Zone YN No Federal Flood Insurance Available YN Yes Frontage Type See Remarks In City Limits YN Yes Island Or Mainland Island Listing Terms CashConventionalFHAUSDA LoanVA Loan Lot Features Open LotLevelThird Row Lot Number L-2 New Construction YN No Other Structures ShowerStorage Property Sub Type Single Family Residence Road Frontage Type MaintainedCity StreetState RoadGravel2Paved Road Surface Type Paved Secondary Subdivision N/A Sewer Provider Municipal Sewer Special Listing Conditions Standard Tax Amount 5986.74 Tax Year 2025 Termite Bond YN Yes Trash Collection City Pick-UP Utilities Sewer ConnectedWater Connected Water Source Public Waterfront Features Third Row Waterfront YN No Zoning Ok-R-7

Listing information © 2026 Hive MLS
Listing courtesy of Hank Troscianiec & Associates of Keller Williams Innovate-OKI: 910-726-2270.


[Hive MLS] logoThe data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC, and is updated as of 2026-05-09T17:32:16.03. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Bryant Evans | RE/MAX Southern Shores shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS LLC
 
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