387 W First Street

About this home

Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Ask us about an up to 1% lender incentive! 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.

Facts

Type

Single Family Residence

Year built

2024

Lot

0.42 acres

Garage

6 spaces

HOA

$500 / annually

Community

Islander Resort

County

Brunswick

MLS #

100591472

Features

About 387 W First Street

387 W First Street is a 10-bedroom, 10-bath home of about 5,390 square feet, built in 2024, on 0.42 acres in Islander Resort, Ocean Isle Beach, Brunswick County, NC 28469.

That's about $858 per square foot, compared with a Ocean Isle Beach median of $268.

5 other homes are for sale in Islander Resort right now (median asking $2,195,000); 15 homes sold there in the last 12 months at a median of $675,000, typically in about 76 days.

It has been on the market for 61 days.

Islander Resort neighborhood guideHomes for sale in Ocean Isle BeachBrunswick County homesWaterfront homes in Ocean Isle Beach

Buying 387 W First Street

1. See it in person. Pick a time and we'll call to confirm — often same day. Schedule a tour
2. Talk numbers. Tell us what you'd like to offer. It's non-binding — a licensed agent calls you before anything is written. Start an offer
3. Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works

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