Two living spaces in one! This 3-bedroom, 2.5-bath multi-level beach retreat offers a combined total of 1,660 sq ft of flexible living space, including a private-entry apartment & a separate office/workshop with extra storage. It features established rental income through a successful Airbnb program & it is in an ''X'' flood zone. This beautifully maintained Oak Island gem is on a rare oversized 1.5 lots, just a short walk to the beach. The downstairs 1 bedroom / 1 bath apartment is bright & beachy with a super cute breakfast nook, full kitchen, cozy living area, laundry area + a patio perfect for entertaining. The upstairs main home features 2 bedrooms & 1 full bath. It has an open & airy layout with high-end lighting & ceiling fans. The gorgeous kitchen features granite countertops, stainless steel appliances & ceiling-height soft-close cabinetry. The living room opens to a skylit screened-in porch for relaxing in the coastal breeze. The bonus office/workshop offers a 1/2 bath, extra closet storage & laundry area. The space has radiant wall heat + a window A/C unit. It is the perfect place to drop towels & rinse off after the beach in the outdoor hot/cold shower. The outdoor oasis includes a wood privacy fence, an aluminum fence enclosure with a firepit, 2-ft deep organic garden beds, a golf cart covered carport + power hookup. There is an additional gravel parking pad for extra vehicles & a 50-amp RV hookup. The large shed built with hurricane straps & a nearby main panel for easy electrification. FLEXIBLE USE + EXCEPTIONAL VALUE, whether you are searching for a primary residence with guest quarters, an income-producing property from day one or a multi-generational home with space and privacy.