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$1,299,500
Property Description
$155,000 PROJECTED ANNUAL RENTAL INCOME. OCEAN VIEWS. DAVIS CANAL VIEWS. HEATED POOL. FORTIFIED ROOF. STEPS TO THE OCEAN. DUAL ENTRY DRIVEWAYS. MULTIPLE DECKS AND BALCONIES. Located on Oak Island's highly sought-after west end, this extraordinary 4-bedroom, 3.5-bath coastal retreat delivers the rare blend of luxury living and serious investment performance. Wake up to sweeping ocean views from the front of the home and unwind each evening with stunning sunsets dancing across the Davis Canal from the rear, offering breathtaking water views from sunrise to sunset. Designed for the ultimate coastal lifestyle, the outdoor living spaces are nothing short of spectacular with expansive front and rear porches, multiple balconies, a sparkling heated pool, private hot tub, and outdoor shower creating a true island resort atmosphere. Inside, the bright open-concept floor plan was built for effortless entertaining and elevated everyday living, featuring a beautifully updated kitchen with a massive island, dedicated coffee bar, pantry, and upscale finishes throughout. Rare dual driveway access from both the front and rear of the property provides abundant parking for guests, boats, golf carts, and beach gear, an incredibly uncommon and highly valuable island feature. Three bedrooms feature en-suite baths, maximizing comfort, privacy, and rental appeal, while the oversized custom primary closet and spacious laundry room add functionality rarely found in beach homes. The recently installed FORTIFIED ROOF offers added peace of mind, durability, and potential insurance benefits. Furniture conveys with select exclusions, making this a nearly turnkey opportunity ready to enjoy immediately. Whether you're searching for a luxury second home, full-time island escape, or high-performing income-producing asset, this property delivers on every level.
Full Property Details
Full Property Details for 2003 W Pelican Dr
General
- Price: $1,299,500
- Taxes: $5,986 (2025)
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: 100562885
- Updated: 5/14/2026
- Added to Site: 40 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Master Downstairs, Walk-in Closet(s), High Ceilings, Solid Surface, Kitchen Island, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Blinds/Shades, Built-in Features, Walk-In Closet(s)
- Appliances: Electric Oven, Electric Cooktop, Built-In Microwave, Refrigerator, Tankless Water Heater, Electric Range
- Furnishings: Partially
- Flooring: LVT/LVP, Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: Primary Living Area
Other Rooms
- Laundry: Dryer Hookup, Washer Hookup, Laundry Room
Additional Information
- Pool: Yes
- Pool Description: In Ground
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Outdoor Shower, Storm Doors
- Porch/Patio/Deck: Covered, Deck, Patio, Porch, Screened, Front Porch, Rear
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Parking Features: Gravel, Concrete, Off Street, Underhouse
Location
- County: Brunswick
- Subdivision: W. Long Beach
- Driving Directions: From E. Oak Island Dr., left on Middleton, Right on Beach Dr, . right on 20th Place W., left on W Pelican, home is on the left.
School Information
- High School District: Brunswick County Schools
- Elementary School: Southport
- Middle School: South Brunswick
- High School: South Brunswick
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Multi Units
- Heating Type: Electric, Forced Air, Heat Pump
Utilities
- Sewer: Municipal Sewer
- Water: Public
- Utility Description: Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Vinyl Siding, Wood Frame
- Basement Desc.: None
- Roof: Architectural Shingle
- Doors: Storm Door(s)
- Entry Floor Number: 1
- Square Feet: 2,510
- Year Built: 1998
Additional Structures
- Other Structures: Shower, Storage
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,411
- Lot Dimensions: 80 x 175
- Frontage: Maintained, City Street, State Road, Gravel, Paved, Paved
- Lot Features: Open Lot, Level, Third Row
- Zoning: Ok-R-7
- Fencing (Description): Vinyl
Water Features
- Water Front Desc.: Third Row
Green Features
- Building Certification: None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $517.73
- Assessment Amount: $925,250
- Tax Amount: $5,986.74
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: L-2 B-84B WEST LONG BEACH PL-18/182
- Property ID: 234ob01104
- Lot Number: L-2
Listed by Keller Williams Innovate-OKI, Hank Troscianiec & Associates and Keller Williams Innovate-OKI, Francesca S Slaughter
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Schools
Schools serving 2003 W Pelican Dr
School District:Brunswick County Schools
| Name | Grades | Distance |
|---|---|---|
Southport Elementary 701 West 9th Street, Southport, NC 28461 | K-5 | 8.5 mi |
South Brunswick Middle 100 Cougar Road, Southport, NC 28461 | 6-8 | 9.9 mi |
South Brunswick High 280 Cougar Road, Southport, NC 28461 | 9-12 | 10.1 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 2003 W Pelican Dr
Date
Details
Price
Change
Source
4/06/2026
Listed
$1,299,500
224.87%
MLS
7/12/2016
Sold
$400,000
—
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 2003 W Pelican Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$925,250
72%
2022
100%
$537,410
—
2021
-100%
$537,410
—
2020
$3,071
35%
$537,410
40%
2018
$2,273
-3%
$385,240
—
2017
$2,349
-24%
$385,240
-28%
2019
$3,071
34%
$537,410
40%
2015
$2,299
12%
$385,240
3%
2014
$2,046
—
$372,430
—
2013
$2,046
—
$372,430
—
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 2003 W Pelican Dr
2003 W Pelican Drive, Oak Island, NC 28465 (MLS# 100562885) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 2003 W Pelican Drive is currently listed for $1,299,500 and was received on April 06, 2026. Want to learn more about 2003 W Pelican Drive? Do you have questions about finding other Single 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.
