Date
Details
Price
Change
Source
5/15/2026
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$2,600,000 Sale Pending
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.
Full Property Details
Full Property Details for 120 SE 58th St
General
- Price: $2,600,000
- Taxes: (2025)
- Status: Pending
- Type: Multi-Family
- Source: 2253
- MLS ID: 100574137
- Updated: 5/18/2026
- Added to Site: 5 day(s) ago
Additional Information
- Shared Amenities: None
Location
- County: Brunswick
- Subdivision: Palms at Long Bay
- Driving Directions: 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.
School Information
- High School District: Brunswick County Schools
- Elementary School: Southport
- Middle School: South Brunswick
- High School: South Brunswick
Community
- Association: Yes
Utilities
- Sewer: City/Town
- Water: Public
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 1.31
- Lot Size (Sq. Ft.): 57,064
- Lot Dimensions: irregular
- Frontage: City Street, State Road
- Topography: Cleared, Level
- Zoning: CR
- Fencing (Description): None
Financial Considerations
- For Sale: Yes
- Price Per Acre: $1,984,732.82
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 250AG00938/250AG00939
- Property ID: 236pb023
- Block: 11
Listed by Coldwell Banker Sea Coast Advantage, Rokoski Real Estate Group and Coldwell Banker Sea Coast Advantage, Caden Hughes
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Listing agents
— 120 SE 58th St —
Rokoski Real Estate Group
Coldwell Banker Sea Coast Advantage
Caden Hughes
Coldwell Banker Sea Coast Advantage
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 120 SE 58th St
School District:Brunswick County Schools
| Name | Grades | Distance |
|---|---|---|
Southport Elementary 701 West 9th Street, Southport, NC 28461 | K-5 | 4.4 mi |
South Brunswick Middle 100 Cougar Road, Southport, NC 28461 | 6-8 | 7.6 mi |
South Brunswick High 280 Cougar Road, Southport, NC 28461 | 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 120 SE 58th St
Tax History
Tax History for 120 SE 58th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,536
19%
$349,760
60%
2021
$1,296
-2%
$218,260
—
2022
$1,326
4%
$218,260
—
2020
$1,271
—
$218,260
—
2019
$1,271
2%
$218,260
2%
2017
$1,249
2%
$214,020
—
2015
$1,224
9%
$214,020
1%
2014
$1,127
—
$212,934
—
2013
$1,127
—
$212,934
—
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 120 SE 58th St
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120 SE 58th Street, Oak Island, NC 28465 (MLS# 100574137) is a Multi-Family property with a lot size of 1.31 acres. 120 SE 58th Street is currently listed for $2,600,000 and was received on May 15, 2026. Want to learn more about 120 SE 58th Street? Do you have questions about finding other Multi-Family real estate for sale in Oak Island? You can browse all Oak Island real estate or contact a Coldwell Banker agent to request more information.