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$1,950,000
Property Description
Why buy one beach house when you can buy three? Three bungalows. Three lots. And one completely turnkey investment that generated over $180,000 in gross rental revenue in 2025 and is one pace to do $250k+ in 2026 -- making it one of the highest-rated short-term rental properties on the entire island. This isn't your average beach house. It includes 3 standalone units, all fully renovated and furnished: Bungalow 1: 2 bedroom/2 bath with a large, open floor plan kitchen and living room, screened in side porch, large front deck with hot tub and ocean view. Bungalow 2: Perfectly laid out studio unit with outdoor space on both sides, including a hot tub and outdoor shower on one side and a lounge area on the other. Bugalow 3: 4 bedroom/4 FULL bath property with 3 ensuite bedrooms, large kitchen area, breezeway separating the two wings and a private deck area with hot tub. Since 2023, this collection of charming coastal bungalows has been completely transformed into a polished, guest-ready micro resort. Every unit was redesigned from the ground up, interiors brightened and refreshed, exteriors freshly painted, and the outdoor spaces elevated with three brand new hot tubs, three outdoor showers, a fire pit, and all-new landscaping. The result? A property that practically runs itself and keeps guests coming back. All furniture included. Just show up and start collecting checks. And it gets sweeter -- those three separate lots each have the potential to support a duplex, giving a savvy developer a serious runway for future upside. Whether you're someone looking to live at the beach for free by living in one unit while the others pay your mortgage, a seasoned investor adding a proven performer to your portfolio, or a developer with an eye on what this land could become -- this one checks every box. Turnkey. Cash-flowing. Irreplaceable. Here's your chance to own Kure Beach's finest micro resort. Listing agent is one of the owners of the property.
Full Property Details
Full Property Details for 636 & 644 S Third Ave
General
- Price: $1,950,000
- Taxes: (2025)
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: 100565968
- Updated: 5/13/2026
- Added to Site: 34 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Master Downstairs, Vaulted Ceiling(s), Solid Surface, Bookcases, Kitchen Island, Ceiling Fan(s), Furnished, Hot Tub, Pantry, Walk-in Shower, Blinds/Shades, Eat-in Kitchen
- Furnished: Yes
- Furnishings: Furnished
- Flooring: LVT/LVP, Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
Bedrooms
- Total Bedrooms: 7
- Primary Bedroom: Primary Living Area
Other Rooms
- Eat-in kitchen: Yes
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: None
Exterior
- Exterior Features: Outdoor Shower
- Porch/Patio/Deck: Deck, Porch, Screened
Parking
- Parking Features: Off Street
Location
- County: New Hanover
- Subdivision: Not In Subdivision
- Driving Directions: Starting at the intersection at Kure Beach Pier head south, turn right onto E Ave off of Forth Fisher Blvd. Property is on the corner of 3rd and E.
School Information
- High School District: New Hanover
- Elementary School: Carolina Beach
- Middle School: Murray
- High School: Ashley
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Wall/Window Unit(s), Ceiling Fan(s)2, Heat Pump
- Heating Type: Heat Pump, Electric, Forced Air
Utilities
- Sewer: Municipal Sewer
- Water: Public
- Utility Description: Cable Available, Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Wood Siding, Wood Frame
- Basement Desc.: None
- Roof: Metal
- Square Feet: 3,618
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,682
- Lot Dimensions: Irregular
- Frontage: City Street, State Road, Paved, Paved
- Lot Features: Corner Lot, Landscaped
- Zoning: RA-2
- Fencing (Description): None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $538.97
- Assessment Amount: $1,877,800
- Tax Year: 2025
- Terms: Commercial, Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: LOTS 1-2 BLK 29 KURE BEACH REV LOT 3 BLK 29 KURE BEACH REV LOTS 4-7 BLK 29 KURE BEACH REV
- Property ID: R09405-009-020-000
Listed by Fathom Realty NC LLC, Travis Sherry
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Schools
Schools serving 636 & 644 S Third Ave
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Carolina Beach Elementary 400 South 4th Street, Carolina Beach, NC 28428 | K-5 | 3 mi |
Charles P Murray Middle 655 Halyburton Memorial Parkway, Wilmington, NC 28412 | 6-8 | 7.6 mi |
Eugene Ashley High 555 Halyburton Memorial Parkway, Wilmington, NC 28412 | 9-12 | 7.7 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 636 & 644 S Third Ave
Date
Details
Price
Change
Source
4/09/2026
Listed
$1,950,000
25%
MLS
11/09/2022
Sold
$1,560,000
—
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 636 & 644 S Third Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,214
29%
$672,300
100%
2024
$2,484
3%
$335,700
—
2023
$2,403
100%
$335,700
—
2022
100%
$335,700
—
2021
100%
$335,700
13%
2021
-100%
$296,800
—
2019
$2,656
32%
$296,800
30%
2018
$2,013
4%
$227,500
—
2017
$1,942
-4%
$227,100
2%
2016
$2,017
9%
$222,100
—
2015
$1,856
2%
$222,100
—
2014
$1,811
—
$222,100
—
2013
$1,811
—
$222,100
—
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 636 & 644 S Third Ave
636 & 644 S Third Avenue, Kure Beach, NC 28449 (MLS# 100565968) is a Single Family property with 7 bedrooms and 7 full bathrooms. 636 & 644 S Third Avenue is currently listed for $1,950,000 and was received on April 09, 2026. Want to learn more about 636 & 644 S Third Avenue? Do you have questions about finding other Single Family real estate for sale in Kure Beach? You can browse all Kure Beach real estate or contact a Coldwell Banker agent to request more information.