Thinking of selling yours first? See what it's worth →
About this home
Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Ask us about an up to 1% lender incentive! Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptional rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront saltwater pool and spa create a true resort experience, while the expansive outdoor entertaining area includes two gas grills, a 14-foot bar, outdoor kitchen, entertainment center, and low-maintenance artificial turf surrounded by mature palms. Beyond traditional vacation rentals, the property is frequently rented for weddings and events, creating an additional income opportunity. To support these events, the home conveys with a turnkey inventory including 80 wedding chairs, ten 60-inch round dining tables, six 30-inch cocktail tables, three 8-foot banquet tables, and rolling storage carts for easy setup and organization. Inside, guests are welcomed by panoramic Atlantic views from nearly every room. The chef's kitchen is equipped to handle large groups with premium appliances, including a side-by-side refrigerator and full-size freezer, dual sinks, double ovens, an 8-burner range, beverage station with ice maker, and generous prep space. Two laundry rooms further enhance functionality for high-occupancy rentals and extended stays. Expansive oceanfront decks capture both sunrise over the Atlantic and spectacular evening sunsets thanks to the home's coveted south-facing shoreline. A private beach walkover places the sand just steps from your backyard. For investors, North Carolina's coastal market continues to offer compelling advantages over many competing beach destinations. Lower property taxes and operating costs than many coastal markets, combined with strong vacation demand and favorable ownership economics, allow investors to keep more of their rental revenue while building long-term equity in a premier oceanfront asset. Whether you're expanding a luxury vacation rental portfolio, completing a 1031 exchange, or searching for a legacy property that generates meaningful income while your family enjoys it throughout the year, this is an exceptionally rare opportunity to own one of Ocean Isle Beach's high-performing oceanfront homes.
Facts
- Type
- Single Family Residence
- Year built
- 2024
- Lot
- 0.42 acres
- Waterfront
- Yes
- Garage
- 6 spaces
- HOA
- $500 / annually
- Community
- Islander Resort
- County
- Brunswick
- Price per sq ft
- $858
- Stories
- 4
- Construction
- Fiber Cement, Wood Frame
- Roof
- Metal
- Foundation
- Other, Pilings
- Water
- Public
- Property tax
- $12,937 / year (2025)
- Listed
- Jul 24, 2026
- MLS #
- 100591472
Features
Inside
- Walk-in Closet(s)
- High Ceilings
- Entrance Foyer
- Kitchen Island
- Elevator
- Ceiling Fan(s)
- Furnished
- Pantry
- Walk-in Shower
- Wet Bar
- Built-in Features
- Walk-In Closet(s)
- LVT/LVP
- Tile
- Electric Oven
- Freezer
Outside
- Outdoor Shower
- Irrigation System
- Gas Grill
- Outdoor Kitchen
- Outdoor Grill
- Dead End
- Dunes
- Ocean Side
- Ocean
- Water
Community
- Beach Access
- Maintenance Roads
- Management
- Tennis Court(s)
- Club Membership
Parking
- Garage Faces Front
- Attached
- Gravel
- Off Street
- Tandem
- Garage
- Underhouse
Heating & cooling
- Propane
- Heat Pump
- Forced Air
- Central Air
- Ceiling Fan(s)
- Multi Units
Directions to 387 W First Street
From downtown Wilmington, take US-17S/US-76W/Wooster St. Keep (R) to take US-17S exit toward Brunswick/County Beaches. Follow for approx 34 mi. (L) onto Ocean Isle Beach Rd SW. At traffic circle, take 2nd exit to stay on Ocean Isle Beach Rd SW. At next traffic circle, take 2nd exit onto Causeway Dr. At next traffic circle, take 1st exit onto W First St. House will be on (L) after approx 1.7 mi.
Schools
- Elementary
- Union
- Middle
- Shallotte Middle
- High
- West Brunswick
As listed in the MLS (Brunswick County Schools). School assignments can change — confirm with the district for this address.
Payment calculator
Enter the rate a lender quoted you and pick a down payment to see principal and interest for this home. Not sure what to use? See this week's national average at Freddie Mac ↗
Get your actual rate for this home — usually same day
Joey Milam, Alpha Mortgage Advantage · NMLS #117399 · You're free to choose any lender.
Buying in Ocean Isle Beach? Local guides
- 55+ and Active Adult Communities Around Wilmington, NCWhich Wilmington-area communities are truly 55+, which are all-ages, plus continuing care and rental retirement options, HOA costs and a visit checklist.
- Builder Incentives on New Homes near Wilmington, NCWhich Wilmington-area builders are offering closing-cost help, rate buydowns and upgrade credits right now, where they are, and what to ask before you count on one.
- Before You List on the NC Coast: Inspect, Repair or Sell As-Is?What to do before listing a home in Wilmington and the southeastern NC coast: a pre-market inspection, what to fix, credit or disclose, roof/HVAC/insurance questions coastal buyers ask, photos, pricing and offers.
Our take on 387 W First Street
Written by the Buddy Blake Team from the listing photos and MLS data. Not part of the MLS listing or the listing broker's description.
This four-story single family residence was built in 2024 on a 0.42-acre oceanside lot at the end of a dead-end street in Ocean Isle Beach. Dunes run along the property, which has ocean and water views. Its 5,390 square feet include 10 bedrooms and 10 bathrooms, with high ceilings, an entrance foyer, a kitchen island, a pantry, and a wet bar. An elevator serves the four levels, and built-in features and walk-in closets are part of the interior.
Outside, the property has an in-ground private pool, a hot tub, an outdoor kitchen with a gas grill, and an outdoor shower, along with an irrigation system. Parking includes an attached six-space garage and off-street gravel spaces. Heating and cooling use propane, a heat pump, forced air, and central air, and the property is served by public utilities. The Islander Resort community offers beach access, tennis courts, and club membership, with HOA dues listed at $500 annually.
Explore the area
Popular searches in Ocean Isle Beach
- One-story homes in Ocean Isle Beach (86)
- Homes with the primary bedroom on the main floor in Ocean Isle Beach (175)
- Waterfront homes in Ocean Isle Beach (44)
- Homes with a private pool in Ocean Isle Beach (15)
- New homes & new construction in Ocean Isle Beach (79)
- Homes with a recent price cut in Ocean Isle Beach (81)
- Open house homes in Ocean Isle Beach (17)
- Golf community homes in Ocean Isle Beach (83)
- Homes in gated communities in Ocean Isle Beach (41)
- Homes with no HOA in Ocean Isle Beach (56)
- Townhomes in Ocean Isle Beach (16)
- Condos in Ocean Isle Beach (15)
About 387 W First Street
387 W First Street is a 10-bedroom, 10-bath home of about 5,390 square feet, built in 2024, on 0.42 acres in Islander Resort, Ocean Isle Beach, Brunswick County, NC 28469.
6 other homes are for sale in Islander Resort right now (median asking $1,872,450); 13 homes sold there in the last 12 months at a median of $666,500, typically in about 101 days.
It has been on the market for 107 days.
Area figures are broad context from the MLS, not a valuation — they don't adjust for waterfront, condition, lot, views or updates. Ask us for a true comparison.
Islander Resort neighborhood guideHomes for sale in Ocean Isle BeachBrunswick County homesWaterfront homes in Ocean Isle Beach
Buying 387 W First Street
- See it in person. Pick a time and we'll call to confirm — often same day.
- See the cost of waiting. What waiting could cost you on this home, and what it could look like 10 years from now, using today's national rate and 20 years of home price history.
- Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works
Own a home near 387 W First Street? See what it's worth — a home value report built from real sales in Islander Resort.
What's my home worth? →Questions about 387 W First Street
How much is 387 W First Street?
387 W First Street is listed at $4,625,000 (about $858 per square foot) as of November 7, 2026. Status: for sale.
How many bedrooms and bathrooms does 387 W First Street have?
10 bedrooms and 10 bathrooms, with about 5,390 square feet.
What neighborhood is 387 W First Street in?
Islander Resort, in Ocean Isle Beach, Brunswick County, North Carolina.
How long has 387 W First Street been on the market?
107 days. Homes in Islander Resort sold after a median of 101 days over the past year.
What have homes sold for in Islander Resort?
13 homes sold in Islander Resort in the last 12 months, at a median price of $666,500.
Is 387 W First Street waterfront?
Yes — the MLS lists it as a waterfront property.
Does 387 W First Street have an HOA fee?
Yes: $500 (annually), per the MLS.
When was 387 W First Street built?
2024.
Who is the listing broker for 387 W First Street?
Compass Carolinas LLC (MLS #100591472). The Buddy Blake Team can show it to you and answer questions.
Can I tour 387 W First Street?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.