We are thrilled to introduce this competitively priced new entry to the Pleasure Island single family home market making its second appearance in sale history! This updated Hip and Historic beach bungalow has been utilized as the owners' dwelling for the former Beacon House Inn Bed & Breakfast and is now available for purchase to the fortunate buyer looking for an exceptionally loved and well-maintained coastal property. 716 Canal Drive combines all the sought-after features on an avid Carolina Beach homebuyer's wish list: including an oversized 8000 square foot lot (very rare for the Island) with zero parking challenges for vehicles, RV and boating enthusiasts, generous outdoor living spaces, and close proximity to the Oyster Shell public beach access (less than a 2-minute walk to the sand). The outdoor living areas are unique, both at the front and rear of the property, providing ample room to gather, play, and relax with children or canine besties. At the rear of the home, a large fully fenced in backyard features a brick fire pit, natural landscaping for privacy, and a delightful outdoor shower. The cottage has a unique layout rarely seen in beach rentals with the living space upstairs (872 sqft) and identical garage footage downstairs for guest, owner, and storage use. There are a multitude of possibilities for ownership of this character laden property including Primary Residence, Second Home, Investment Property STR, or choose to expand up to complement existing canal views and potential ocean perspectives for additional friends and family to enjoy. With assumable low-cost flood insurance (no claims/issues from previous storms) and current 2025 land survey paid for and in place by seller, 716 Canal has the ability of a smooth continuation for the interested discerning buyer. This lifestyle residence has been an active summer vacation rental for the 2023 & 2024 summer seasons with furnishings negotiable with an acceptable offer.