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$4,685,000 -$140,000 (-2.9%) Price Reduced
Property Description
Welcome to your private paradise. This breathtaking, three-story oceanfront home, nestled on the sought-after west end of the island, lets you seamlessly indulge in coastal living where the salty air sweeps in with the ocean waves. With more than 5,000 square feet of stylish living space, this property is the ultimate beachside retreat, perfectly designed for large families, group getaways, or special events. This extraordinary property isn't just a dream home; it's an exceptional investment opportunity, generating multiple six figures in rental income annually. This remarkable residence boasts 10 spacious bedrooms, 8 full baths, and 2 half baths, comfortably accommodating up to 39 guests. Elevator access to every floor ensures convenience for all guests, while the home's thoughtful handicap-accessible design provides comfort and accessibility for everyone. Every corner of the home is thoughtfully crafted to provide a luxurious and relaxing atmosphere, with stunning views of the Atlantic Ocean visible from nearly every room. Upon arrival, you'll be greeted by the grandeur of this expansive property, which boasts exceptional amenities. Step outside to experience your ultimate outdoor oasis, featuring a heated oceanfront saltwater pool and spa jacuzzi where you can soak up the sun and enjoy the refreshing ocean breeze. Host unforgettable gatherings at the outdoor kitchen equipped with two gas grills and a large 14-foot bar, perfect for dining alfresco while enjoying the game at the entertainment center. The backyard features artificial turf and drip lines for the many palms that line the home, offering low-maintenance living, so you can spend more time at the beach. The expansive oceanfront decks offer spectacular views of this south-facing beach, perfect for watching the sun rise over the ocean or set in a blaze of color from your own back porch. With your private walkover to the beach, endless days on the pristine sands of Ocean Isle await you. The chef-inspired main kitchen is equipped with premium appliances, including a side-by-side refrigerator, a full-size freezer, dual sinks, two ovens, a 8-burner stove, and a beverage station with an ice maker. Whether you're preparing meals for a crowd or entertaining, this space is as functional as it is elegant. Two laundry rooms make it easy to accommodate the needs of multiple families or large groups during extended stays. Whether you seek a family retreat or a superior income-producing property, this home offers unparalleled views, luxurious amenities, and a prime location, making it highly desirable for vacation rentals. Don't miss the chance to own this exquisite oceanfront property, create unforgettable memories with family and friends, or generate substantial rental income. This truly is a one-of-a-kind opportunity to own a slice of paradise in one of the most desirable locations on Ocean Isle Beach.
Full Property Details
Full Property Details for 387 W First St
General
- Price: $4,685,000
- HOA FEE: $42/month
- HOA FEE FREQ.: Annually
- Taxes: $12,936 (2025)
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: 100559556
- Updated: 5/14/2026
- Added to Site: 66 day(s) ago
Interior
- Number of Rooms: 19
- Interior Features: Walk-in Closet(s), High Ceilings, Entrance Foyer, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Wet Bar, Built-in Features, Walk-In Closet(s)
- Appliances: Electric Oven, Freezer, Washer, Refrigerator, Ice Maker, Dryer, Double Oven, Disposal, Dishwasher, Tankless Water Heater, Gas Range
- Furnished: Yes
- Furnishings: Furnished
- Flooring: LVT/LVP, Tile
Rooms
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 8
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 10
- Primary Bedroom: Non Primary Living Area
Other Rooms
- Laundry: Dryer Hookup, Washer Hookup, Laundry Closet, Laundry Room
Additional Information
- Shared Amenities: Beach Access, Maintenance Roads, Management, Tennis Court(s), Club Membership
- Pool: Yes
- Pool Description: In Ground
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Outdoor Shower, Irrigation System, Gas Grill, Outdoor Kitchen, Outdoor Grill
- Porch/Patio/Deck: Covered, Deck, Patio, Balcony, Front Porch, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 6
- Parking Features: Garage Faces Front, Attached, Gravel, Off Street, Tandem, Garage, Underhouse
Location
- County: Brunswick
- Subdivision: Islander Resort
- Driving Directions: From downtown Wilmington, take US-17S/US-76W/Wooster St. Keep (R) to take US-17S exit toward Brunswick/County Beaches. Follow for approx 34 mi. (L) onto Ocean Isle Beach Rd SW. At traffic circle, take 2nd exit to stay on Ocean Isle Beach Rd SW. At next traffic circle, take 2nd exit onto Causeway Dr. At next traffic circle, take 1st exit onto W First St. House will be on (L) after approx 1.7 mi.
School Information
- High School District: Brunswick County Schools
- Elementary School: Union
- Middle School: Shallotte Middle
- High School: West Brunswick
Community
- Association: Yes
- Assoc. Name: CAM OIB
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Heat Pump, Multi Units
- Heating Type: Propane, Heat Pump, Forced Air
Utilities
- Sewer: Municipal Sewer, City/Town
- Water: Public
- Utility Description: Cable Available, Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Fiber Cement, Wood Frame
- Roof: Metal
- Entry Floor Number: 1
- Square Feet: 5,390
- Year Built: 2024
Lot Features
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,295
- Lot Dimensions: 60 x 292 x 65 x 291
- Frontage: Paved, Paved
- Lot Features: Dead End, Dunes, Ocean Side
- Zoning: OI-C-1
- Fencing (Description): Back Yard, Vinyl
Water Features
- Water Front: Yes
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $869.2
- Association Fee: $500
- Assoc Fee Freq.: Annually
- Assessment Amount: $3,410,890
- Tax Amount: $12,936.73
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: L-20 PH-2 ISLANDER RESORT PLAT 22/203
- Property ID: 257jc020
Listed by Compass Carolinas LLC, Kristen Lueck
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Schools
Schools serving 387 W First St
School District:Brunswick County Schools
| Name | Grades | Distance |
|---|---|---|
Union Elementary, Shallotte, NC 180 Union School Road Northwest, Shallotte, NC 28470 | K-5 | 5.4 mi |
Shallotte Middle 225 Village Road, Shallotte, NC 28459 | 6-8 | 7.4 mi |
West Brunswick High 550 Whiteville Road Northwest, Shallotte, NC 28470 | 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 387 W First St
Date
Details
Price
Change
Source
5/14/2026
Price Reduced
$4,685,000
-2.9%
MLS
3/11/2026
Listed
$4,825,000
175.71%
MLS
11/02/2022
Sold
$1,750,000
—
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 387 W First St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,034
—
$3,410,890
45%
2024
$9,034
115%
$2,349,180
172%
2021
$4,203
—
$862,500
—
2022
$4,203
—
$862,500
—
2020
$4,201
51%
$862,500
51%
2018
$2,791
—
$572,000
—
2017
$2,787
—
$572,000
—
2015
$2,784
-34%
$572,000
-34%
2019
$4,200
5%
$862,500
-4%
2014
$3,992
—
$900,000
—
2013
$3,992
—
$900,000
—
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 387 W First St
387 W First Street, Ocean Isle Beach, NC 28469 (MLS# 100559556) is a Single Family property with 10 bedrooms, 8 full bathrooms and 2 partial bathrooms. 387 W First Street is currently listed for $4,685,000 and was received on March 11, 2026. Want to learn more about 387 W First Street? Do you have questions about finding other Single Family real estate for sale in Ocean Isle Beach? You can browse all Ocean Isle Beach real estate or contact a Coldwell Banker agent to request more information.
