120 SE 58th Street, Oak Island, NC 28465
$2,600,000
Property Type:
Land
Lot Size (sq. ft.):
57,064
Status:
Pending
Current Price:
$2,600,000
List Date:
5/15/2026
Last Modified:
5/18/2026
Description
Exceptional development opportunity on Oak Island! These two vacant land lots are ideally positioned just one street from the ocean in one of the island's most sought after coastal locations. Zoned and available for the development of up to 26 condos, this property presents a rare chance for investors and developers to capitalize on the growing demand for luxury beachside living and vacation rentals.Located near public beach access, restaurants, shopping, and entertainment, this prime site offers incredible potential for a high-income producing condo project in a thriving coastal market. With strong tourism, expanding development, and limited ocean-area land availability, this property is perfectly suited for a premier residential or mixed-use investment. Don't miss this rare opportunity to develop a 26-unit condo project just steps from the beach on beautiful Oak Island, NC.
More Information MLS# 100574137
Legal and Taxes
Tax Assessed Value: 0
Deed Book: 1848
Deed Page: 1185
Legal: 250AG00938/250AG00939
Broker Owner: No
PID: 250AG00938/250AG0093
Tax Identifier: 236pb023
Plat Book: 25
Plat Page: 11
Special Assessments: None Known
Tax Year: 2025
Zoning: CR
HOA: Yes
Cobra Zone: No
School District: Brunswick County Schools
Elementary School: Southport
Middle School: South Brunswick
High School: South Brunswick
Location Information
City Limits: Yes
Secondary Subdivision: N/A
Street #: 120
Pre Direction: SE
Street Name: 58th
Street Suffix: Street
County: Brunswick
State/Province: NC
Zip Code: 28465
Subdivision: Palms at Long Bay
Geo Lat: 33.909734
Geo Lon: -78.106301
Contract Info
Delayed Marketing?: No
Sub-Type: 5+ Multi-Family
List Price/Acre: 1984732.82
Stipulation of Sale: Standard
Status: Pending
Marketing Start Date: 2026-05-15
Listing Price: 2600000
Current Price: $2,600,000
Remarks and Showing
Sign on Property: Yes
Directions to Property: Take E Oak Island Dr, take a right at the light down 58th St., and it is in front of the Palms at Long Bay.
Property Exterior Info
Acres - Total: 1.31
Lot Dimensions: irregular
Lot SqFt: 57064
Waterfront: No
Total Road Frontage: 200
Waterview: No
Location Type: Island
Horses Y/N: No
Bldgs on Property
None: 1
HOA and Neigh Amenities
No Amenities: 1
Soil Evaluation
Soil Evaluation - No: 1
View Type
Ocean: 1
Topography
Cleared: 1
Level: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Brunswick Electric
Sewer Provider: City/Town
Water Provider: City/Town
Fencing
None: 1
Fuel Tank
None: 1
Environmental Hazard
Unknown: 1
Road Type/Frontage
Public (City/Cty/St): 1
Water Source
Municipal Water: 1
Public: 1
Status Change Info
Under Contract Date: 2026-05-18
Property Features
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Topography: Cleared; Level
View Type: Ocean
Fencing: None
Fuel Tank: None
Environmental Hazard: Unknown
Water Source: Municipal Water; Public
Lot Water Features: None
HOA and Neigh Amenities: No Amenities
Listing Office:
Coldwell Banker Sea Coast Advantage
IDX
Last Updated: May - 18 - 2026
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