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$ 2,600,000
Est. payment /mo
Pending
120 SE 58th ST Oak Island, NC 28465
1.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Vacant Land
Sub Type 5+ Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Palms At Long Bay
MLS Listing ID 100574137
HOA Y/N Yes
Lot Size 1.310 Acres
Acres 1.31
Lot Dimensions irregular
Property Sub-Type 5+ Multi-Family
Source Hive MLS
Property Description
Exceptional development opportunity on Oak Island! These two vacant land lots are ideally positioned just one street from the ocean in one of the island's most sought after coastal locations. Zoned and available for the development of up to 26 condos, this property presents a rare chance for investors and developers to capitalize on the growing demand for luxury beachside living and vacation rentals.Located near public beach access, restaurants, shopping, and entertainment, this prime site offers incredible potential for a high-income producing condo project in a thriving coastal market. With strong tourism, expanding development, and limited ocean-area land availability, this property is perfectly suited for a premier residential or mixed-use investment. Don't miss this rare opportunity to develop a 26-unit condo project just steps from the beach on beautiful Oak Island, NC.
Location
State NC
County Brunswick
Community Palms At Long Bay
Zoning CR
Direction Take E Oak Island Dr, take a right at the light down 58th St., and it is in front of the Palms at Long Bay.
Location Details Island
Rooms
Other Rooms None
Exterior
Amenities Available None
Waterfront Description None
View Ocean
Garage No
Building
Water Public
Schools
Elementary Schools Southport
Middle Schools South Brunswick
High Schools South Brunswick
Others
Tax ID 236pb023
Special Listing Condition Standard
Listed by Coldwell Banker Sea Coast Advantage