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1206 Canal Drive A&B, Carolina Beach, NC 28428

$1,600,000
Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 5,000 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,600,000 List Date: 12/14/2024 Last Modified: 3/06/2025

Overview

Description

**INVESTOR ALERT!** Check out this MASSIVE income-producing property in Carolina Beach. This exquisite ocean and harbor view property is ideally located just steps away from beach access, offering stunning views of both the canal and the beautiful Atlantic Ocean from its decks on every level. This three-story, multi-family house features 8 bedrooms and 7 bathrooms, boasting over 5,000 sq. ft. of space. The oversized bedrooms, 2 stunning kitchens, and huge open-plan living and dining areas make it perfect for large family gatherings. Outside, you'll find a saltwater heated pool, landscaped patio area with a hot tub and pergola, and a large parking area accommodating 10 cars. Two garages provide ample storage for all your beach toys and golf carts. This turn-key rental investment opportunity comes with proven revenue. Recently updated with a new elevator, flooring, paint, and resurfaced pool. The property also offers two BONUS level rooftop decks with unparalleled panoramic views across the island, ocean, harbor, and beyond. Enjoy breathtaking sunrises and sunsets! The elevator services the top two floors, while the lowest floor is accessible by stairs, allowing for flexible use as either two separate units or a single home to accommodate large groups. Carolina Beach offers a stunning boardwalk, restaurants, shops, and many attractions nearby, ensuring continued equity growth for any investor looking for profits. Ask for income numbers and potential! A boat slip is available for lease directly across the street. Don't miss out on this exceptional investment opportunity!

Listing Details MLS# 100480072

Contract Info

Sub-Type
Single Family Residence
Construction Type
Stick Built
Delayed Marketing?
No
Marketing Start Date
2024-12-14
Listing Price
1895000
List Price/SqFt
379
Stipulation of Sale
Standard

Location Information

Street #
1206
Street Name
Canal
Street Suffix
Drive
Unit #
A&B
County
New Hanover
State/Province
NC
Zip Code
28428
City Limits
Yes
Marketing City
Carolina Beach
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
420 S. over Snows Cut Bridge, continue on Lake Park Blvd, left onto Carl Winner Ave, left onto Canal Dr. Home is on the right.
Sign on Property
Yes

Property Exterior Info

New Construction
No
Lot Acres
0.14
Lot SqFt
6098
Lot Dimensions
50 X 125
Waterfront
No
Waterview
Yes
Location Type
Island

Property Interior Info

SqFt - Heated (Primary)
5000
Total SqFt - Heated (Primary + Separate)
5000
# Rooms
14
# Baths - Full
7
# Baths - Total
7
# Bedrooms
8
Master Bedroom Level
Primary Living Area
Stories
3
Fireplace Y/N
Yes
# Baths - Half
0

Legal Taxes

Year Built
2006

More Information

Status Change Info

Under Contract Date
2025-02-02
Sold Date
2025-03-05

Fuel Tank

Above or Below Ground
Above Ground
Fuel Type
Propane
Owned or Leased
Owned

Building/Ext Features

ud_i_08
2

Legal & Taxes

Tax Assessed Value
848000
Deed Book
6082
Deed Page
1873
Legal
Lt 14 Blk 22 Carolina Beach
Broker Owner
No
PID
R08811-008-005-000
Tax Identifier
R08811-008-005-000
Plat Book
N/A
Plat Page
N/A
Special Assessments
None
Tax Year
2024
Zoning
R-1
HOA
No
Cobra Zone
No
Federal Flood Ins Avlbl
Yes
Elementary School
Carolina Beach
Middle School
Murray
High School
Ashley

Garage & Parking

Attached Garage Spaces
2
Detached Garage Spaces
0
Total # Garage Spaces
2
Total Carport Spaces
0

Parking Features

Concrete
Yes
Covered
Yes
On Site
Yes

Handicap Accessible

Elevator
Yes

View Type

Canal
Yes
Ocean
Yes
Sound View
Yes

Construction

Wood Frame
Yes

Lot Water Features

None
Yes

Exterior Features

Outdoor Shower
Yes

Exterior Finish

Vinyl Siding
Yes

Terms

Cash
Yes
Conventional
Yes

Fencing

Back Yard
Yes

Foundation

Pilings
Yes

Flooring

Carpet
Yes
LVT/LVP
Yes
Tile
Yes
Wood
Yes

Fuel Tank Ownership

Owned
Yes

Patio and Porch Features

Balcony
Yes
Covered
Yes
Deck
Yes
Patio
Yes

Pool Features

Hot Tub
Yes
In Ground
Yes

Roof

Metal
Yes

Levels

3 Story or More
Yes

Road Type/Frontage

Paved
Yes
Public (City/Cty/St)
Yes

Cooling

Central Air
Yes

Heated SqFt

5000 - 5499
Yes

Heating

Forced Air
Yes

Heating System Fuel Source

Electric
Yes

Water Heater

Electric
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Sewer

Municipal Sewer
Yes

Water Source

Municipal Water
Yes

Appliances/Equip

Built-In Microwave
Yes
Dishwasher
Yes
Double Oven
Yes
Dryer
Yes
Electric Cooktop
Yes
Refrigerator
Yes
Washer
Yes

Interior Features

2nd Kitchen
Yes
Blinds/Shades
Yes
Ceiling Fan(s)
Yes
Elevator
Yes
Kitchen Island
Yes
Walk-in Shower
Yes
Walk-In Closet(s)
Yes
Wet Bar
Yes

Dining Room Type

Combination
Yes

Other Structures

Pergola
Yes

Property Features

Handicap Accessible: Elevator View Type: Canal; Ocean; Sound View Construction: Wood Frame Exterior Features: Outdoor Shower Exterior Finish: Vinyl Siding Fencing: Back Yard Foundation: Pilings Fuel Tank Ownership: Owned Parking Features: Concrete; Covered; On Site Patio and Porch Features: Balcony; Covered; Deck; Patio Pool Features: Hot Tub; In Ground Roof: Metal Levels: 3 Story or More Lot Water Features: None Cooling: Central Air Heating: Forced Air Heating System Fuel Source: Electric Water Heater: Electric Utilities: Sewer Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water Flooring: Carpet; LVT/LVP; Tile; Wood Interior Features: 2nd Kitchen; Blinds/Shades; Ceiling Fan(s); Elevator; Kitchen Island; Walk-in Shower; Walk-In Closet(s); Wet Bar Heated SqFt: 5000 - 5499 Dining Room Type: Combination Other Structures: Pergola Terms: Cash; Conventional
Listing Office: Coldwell Banker Sea Coast Advantage-CB
IDX
Last Updated: March - 06 - 2025
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