104 SE 16th StreetOak Island, NC 28465Price: $599,000

Double Lot + Freestanding Rental Apartment + Brick Family Home on Oak Island! Set on a high-elevation lot and not located in a flood zone, this rare Oak Island opportunity offers the space, flexibility, and income potential buyers are looking for--just four streets from the 20th Street beach walkover. Lots 5 and 7 only are included in this sale ..... but Lot 9 is owned by the family and may be available for sale. Please call the agent. The property includes a brick main home, double-car garage, fenced backyard, and a separate conditioned backyard apartment currently leased month-to-month at $1,300 per month. Continue using it as reliable rental income, explore short-term rental possibilities, create guest quarters, or design a multi-generational setup with privacy and independence. The apartment was renovated by the current owner and permitted for a mini-split cooling unit. The double lot provides rare parking capacity for approximately eight vehicles, with room for a boat, trailer, RV, camper, or extra beach vehicles without sacrificing yard space. Major systems offer added confidence, including a roof approximately 7 years old, a 4-ton gas pack approximately 7 years old, underground leased propane tank servicing the heat, water heater, and gas stove, and a propane water heater supplying both the home and apartment. Oak Island is golf cart friendly, making it easy to cruise to local ice cream shops, restaurants, shopping, and multiple public beach accesses. The island also offers a public golf course, a Coast Guard station, kayaking adventures along the Davis Canal, and excellent fishing opportunities in the Intracoastal Waterway. Conveniently located between Wilmington and Myrtle Beach, Oak Island also benefits from a nearby jetport for private and recreational air travel. The brick main home has been a steady, well-loved haven for its owner and two dogs. It shows honest wear and offers the perfect opportunity to repaint, refresh, and renovate with your own coastal style. A CPI security system is in place, the water tap fee for Lot 7 has been paid, and a $700 home warranty is offered. Occupied--buyers should schedule appointments in advance.