1206 Canal Drive, A&B, Carolina Beach, NC 28428 (MLS# 100480072)

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

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!

More Information MLS# 100480072

Contract Info

Sub-Type: Single Family Residence Construction Type: Stick Built Status: Closed Delayed Marketing?: No Marketing Start Date: 2024-12-14 Listing Price: 1895000 Current Price: $1,600,000 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 Geo Lat: 34.049475 Geo Lon: -77.886379

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

Legal Taxes

Year Built: 2006

Status Change Info

Under Contract Date: 2025-02-02 Sold Price: $1,600,000 Sold Date: 2025-03-05

Fuel Tank

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

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 Roof: Metal 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 Fireplace: 2 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
Last Updated: March - 06 - 2025
1206 Canal Drive, A&B, Carolina Beach, NC 28428- MLS# 100480072
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.