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120 SE 58th Street, Oak Island, NC 28465

$2,600,000
Property Type: Land Lot Size (sq. ft.): 57,064 Status: Pending
Current Price: $2,600,000 List Date: 5/15/2026 Last Modified: 5/18/2026

Overview

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.

Listing Details MLS# 100574137

Contract Info

Delayed Marketing?
No
Marketing Start Date
2026-05-15
Sub-Type
5+ Multi-Family
Listing Price
2600000
List Price/Acre
1984732.82
Stipulation of Sale
Standard

Location Information

Street #
120
Pre Direction
SE
Street Name
58th
Street Suffix
Street
County
Brunswick
State/Province
NC
Zip Code
28465
City Limits
Yes
Subdivision
Palms at Long Bay
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
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.
Sign on Property
Yes

Property Exterior Info

Acres - Total
1.31
Lot Dimensions
irregular
Lot SqFt
57064
Total Road Frontage
200
Waterfront
No
Waterview
No
Location Type
Island
Horses Y/N
No

Legal and Taxes

Deed Book
1848
Deed Page
1185
Legal
250AG00938/250AG00939
Broker Owner
No
PID
250AG00938/250AG0093
Tax Identifier
236pb023
Plat Book
25
Plat Page
11
Special Assessments
None Known
Tax Year
2025
Zoning
CR
HOA
Yes
Cobra Zone
No
School District
Brunswick County Schools
Elementary School
Southport
Middle School
South Brunswick
High School
South Brunswick
Tax Assessed Value
0

Status Change Info

Under Contract Date
2026-05-18

More Information

Current Service Providers

Electric Provider
Brunswick Electric
Sewer Provider
City/Town
Water Provider
City/Town

Bldgs on Property

None
Yes

HOA and Neigh Amenities

No Amenities
Yes

Soil Evaluation

Soil Evaluation - No
Yes

View Type

Ocean
Yes

Topography

Cleared
Yes
Level
Yes

Lot Water Features

None
Yes

Fencing

None
Yes

Fuel Tank

None
Yes

Environmental Hazard

Unknown
Yes

Road Type/Frontage

Public (City/Cty/St)
Yes

Water Source

Municipal Water
Yes
Public
Yes

Property Features

Bldgs on Property: None Soil Evaluation: Soil Evaluation - No Topography: Cleared; Level View Type: Ocean Fencing: None Fuel Tank: None Environmental Hazard: Unknown Water Source: Municipal Water; Public Lot Water Features: None HOA and Neigh Amenities: No Amenities
IDX
Listing Office: Coldwell Banker Sea Coast Advantage
Last Updated: May - 18 - 2026
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