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$1,284,000
Property Description
Experience the best of luxury coastal living with AMAZING ocean and canal water views and a huge show-stopping rooftop deck, all just steps from beach access. This exceptional 5-bedroom, 4 full bath townhome duplex with private Elevator, whole home generator, built in 2023 and offered fully furnished, features 2,530 square feet of thoughtfully designed living space--perfect as a private beach retreat, income-producing investment, or primary residence. A unique design sets this property apart, with the top floor featuring a private 1-bedroom 1 bath unit complete with a full kitchen, living area, laundry, separate entrance and elevator access--ideal for a vacation rental or guest quarters while enjoying the main living areas on the first and second floors. Or rent out the main two levels and keep the top level for yourself. The 1300 sq. ft. rooftop deck is designed for entertaining and relaxation, complete with a hot tub, grill, bar with TV, sun lounging area, and breathtaking ocean and canal views. Multiple decks throughout the home provide additional outdoor living spaces to take in the coastal breeze. Enjoy ocean and canal views from most decks and elevator access is available on all levels. Inside, you'll find high-end finishes including Bosch appliances, quartz countertops, and well-appointed details throughout. The open, airy layout blends modern style with beachside comfort. Additional features include covered parking for up to 4 vehicles, a large outdoor shower,2 large outdoor storage closets, and a private fenced, landscaped backyard--perfect for unwinding after a day at the beach. This is a rare opportunity to own a versatile, turn-key coastal property offering both luxury and strong rental potential in a prime beachside location. In 2025 the owner used the top floor private unit and rented out the first two levels and brought in approximately $76,000 in rental income by managing it himself.
Full Property Details
Full Property Details for 506 Canal Dr #2
General
- Price: $1,284,000
- Taxes: $5,483 (2025)
- Status: Active
- Type: Townhouse
- Source: 2253
- MLS ID: 100572391
- Updated: 5/13/2026
- Added to Site: 8 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Walk-in Closet(s), Solid Surface, Whole-Home Generator, Generator Plug, Elevator, 2nd Kitchen, Apt/Suite, Ceiling Fan(s), Furnished, Hot Tub, Walk-in Shower, Blinds/Shades, Smart Thermostat, Walk-In Closet(s)
- Appliances: Mini Refrigerator, Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher, Generator
- Furnishings: Negotiable
- Flooring: LVT/LVP, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
- Primary Bedroom: Primary Living Area
Other Rooms
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: None
- Pool: Yes
- Pool Description: Above Ground, See Remarks
- Security/Safety: Security Lights, Security System, Smoke Detector(s), Cameras Included
- Equipment: Generator
Exterior
- Exterior Features: Outdoor Shower, Irrigation System, Gas Grill, DP50 Windows, Outdoor Grill
- Porch/Patio/Deck: Covered, Deck, Porch, See Remarks, Balcony, Front Porch
Parking
- Attached garage: Yes
- Carport Spaces: 4
- Parking Features: Attached, Covered, Concrete, Lighted, Off Street, On Site, Paved
Location
- County: New Hanover
- Subdivision: Not In Subdivision
- Driving Directions: Carolina Beach Road to Snows Cut bridge, Lake Park Blvd to Left on Carl Winner Ave, Left on Canal Drive, Home is on the Right, unit 2 is on the left side.
School Information
- High School District: New Hanover
- Elementary School: Carolina Beach
- Middle School: Murray
- High School: Ashley
Community
- Association: Yes
- Assoc. Name: 506 Canal Drive Townhomes
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Heat Pump
- Heating Type: Heat Pump, Electric
Utilities
- Sewer: Municipal Sewer
- Water: Public
- Utility Description: Sewer Connected, Water Connected
Structural Information
- Structure Type: Townhouse, Duplex, Wood Frame, Stick Built
- Construction: Fiber Cement, Wood Frame
- Basement Desc.: None
- Roof: Membrane, Flat
- Entry Floor Number: 1
- Square Feet: 2,530
- Year Built: 2023
Additional Structures
- Other Structures: Outdoor Kitchen
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Dimensions: None
- Frontage: City Street, State Road, Paved, Paved
- Lot Features: Harbor, Sound Side, Third Row
- Zoning: R-1
- Fencing (Description): Privacy, Back Yard, Wood
Water Features
- Water Front Desc.: Harbor, Sound Side, Third Row
Green Features
- Building Certification: None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $507.51
- Assoc Fee Freq.: Annually
- Assessment Amount: $1,224,900
- Tax Amount: $5,483.88
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Common Area 506 Canal Drive Townhomes Lot 14 Blk 8 Carolina Beach (Mb3-67)
- Property ID: R08819-004-007-000
- Lot Number: 14
Listed by Barber Realty Group Inc., Greg Barber
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Schools
Schools serving 506 Canal Dr #2
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Carolina Beach Elementary 400 South 4th Street, Carolina Beach, NC 28428 | K-5 | 0.8 mi |
Charles P Murray Middle 655 Halyburton Memorial Parkway, Wilmington, NC 28412 | 6-8 | 4.2 mi |
Eugene Ashley High 555 Halyburton Memorial Parkway, Wilmington, NC 28412 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 Canal Dr #2
Date
Details
Price
Change
Source
5/08/2026
Listed
$1,284,000
0.71%
MLS
2/05/2025
Sold
$1,275,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 Canal Dr #2
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,968
56%
$2,449,800
139%
2024
$7,013
120%
$1,023,800
114%
2023
$3,182
37%
$478,500
43%
2021
$2,315
100%
$335,500
22%
2022
-100%
$275,400
43%
2021
$2,315
55%
$192,100
—
2018
$1,498
-2%
$192,100
—
2017
$1,527
-19%
$192,100
-13%
2016
$1,885
6%
$219,700
—
2015
$1,777
16%
$219,700
14%
2019
$1,537
-11%
$192,100
-13%
2014
$1,733
—
$219,700
—
2013
$1,733
—
$219,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 Canal Dr #2
506 Canal Drive #2, Carolina Beach, NC 28428 (MLS# 100572391) is a Townhouse property with 5 bedrooms and 4 full bathrooms. 506 Canal Drive #2 is currently listed for $1,284,000 and was received on May 08, 2026. Want to learn more about 506 Canal Drive #2? Do you have questions about finding other Townhouse real estate for sale in Carolina Beach? You can browse all Carolina Beach real estate or contact a Coldwell Banker agent to request more information.
