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Chris Pappalardo

Owner | The Chris Pappalardo Team | KW One

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1615 S Shore Dr , Surf City, NC 28445
$1,495,000
Est. Payment: $7,967.46/mo
4 Bed
4 Bath
2824 Sqft
0.16 Acres
Status: active | Days on site: 1
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72152 - R76049
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House Description

RARE SURF CITY INVESTMENT OPPORTUNITY! TWO SEPARATE RENTAL UNITS! $130K+ ANNUAL RENTAL INCOME! ONE ROW BACK WITH AMAZING OCEAN VIEWS! FULLY FURNISHED! HOT TUB! NO HOA! NO FLOOD INSURANCE! Discover an exceptional opportunity to own a TURNKEY income-producing coastal property in desirable Surf City! Just a short walk from private beach accesses, this beautifully positioned 2,824-square-foot property offers the rare combination of ocean views, proven rental history performance, flexible accommodations, and the coastal lifestyle buyers are searching for. GENERATING OVER $130,000 IN DOCUMENTED ANNUAL SHORT-TERM RENTAL INCOME, this fully furnished property is ready for its next owner to enjoy or continue operating as a vacation rental. Currently configured with SIX BEDROOMS and TWO COMPLETELY SEPARATE RENTAL UNITS, this versatile duplex-style property features TWO full kitchens, TWO private laundry areas, separate exterior entrances, multiple living spaces, and additional bonus rooms. The unique layout provides exceptional flexibility to rent both units independently or as one large unit, accommodate extended family and friends, or enjoy one unit while generating rental income from the other. Outdoor living is equally impressive! Each unit enjoys its own dedicated yard space within the divided, fenced backyard, offering privacy and convenience for vacationing guests. Additional sought-after features include TWO outdoor showers, hurricane shutters, an exterior lift providing convenient access to the upper level, and a relaxing hot tub located in the enclosed porch area. Abundant parking spaces! NO HOA! NO FLOOD INSURANCE REQUIRED! FULLY FURNISHED! Whether you are an investor searching for a proven short-term rental, a buyer seeking a coastal getaway with income potential, or someone looking for a flexible multi-generational beach retreat, this property delivers an outstanding combination of location, versatility, and investment appeal. WHY PURCHASE AN ORDINARY BEACH HOUSE WHEN YOU CAN OWN TWO RENTAL OPPORTUNTIES IN ONE EXCEPTIONAL SURF CITY PROPERTY? Schedule your private showing and discover the possibilities at 1615 S. Shore Drive!

Highlights

Listed by Karla Carder , THE NORTH CAROLINA REAL ESTATE GROUP LLC , Doorify MLS mls logo

Property Type

Residential

Lot/Acreage
0.16

Year Built

2002

County

Pender

Neighborhood

Sandy Ridge

Listing ID

10201196

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dryer, Disposal, Dishwasher, Electric Water Heater, Range, Refrigerator, Washer, Water Heater
Air Cond:Central Air,Ceiling Fan(s),Heat Pump,Multi Units
Fireplaces:Blower Fan
Floor:Luxury Vinyl,Plank
Above Ground Sq Ft:2824
Other:
  • ▪ Additional:Breakfast Bar, Ceiling Fan(s), Crown Molding, Double Vanity, Laminate Counters, Separate Shower, Bathtub/Shower Combination, Walk-in Shower, Master Downstairs, Stone Counters
Water:Public

Exterior Features

Lot:Back Yard,Few Trees,Landscaped,Views,Second Row Beach
Lot Dimensions:55x126x56x126
Zoning:R5
Roof:Shingle
Others:
  • ▪ Additional:Fenced Yard, Covered, Deck, Enclosed, Glass Enclosed, Porch, Rear Porch, Screened
Sewer:Public Sewer
Parking Features:Concrete,Garage Faces Front,Garage,Attached Garage
Principal Interest
$7,967
Taxes
$953

Home Price

$1,495,000

Loan Details

30 yrs
7.013%

Down Payment

20%
$299,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,967.46

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,967.46 $953.06 $0.00 $8,920.53
Yearly $95,609.55 $11,436.75 $0.00 $107,046.30
Total $2,868,286.52 $343,102.50 $0.00 $3,211,389.02

Today's Rates

30 Year

7.01%

20 Year

7.03%

15 Year

6.39%

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Market insight data is pulled from the same city as the listing being viewed (Surf City, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Listings marked with an icon are provided courtesy of the Doorify MLS, Internet Data Exchange Database.
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Data last updated: 2026-11-02T03:49:26.000Z

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