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About this home
OCEAN VIEWS, EXCEPTIONAL FLOOR PLAN & PROVEN RENTAL PERFORMANCE! Just one block from the beach and minutes from the Carolina Beach Boardwalk, marina, dining and shopping, this fully furnished five-bedroom, six-bath townhome offers exceptional space, views and versatility. Designed for large groups yet comfortable enough for intimate getaways, the home sleeps up to 16, balancing personal enjoyment for owners with established short-term rental performance. The reverse floor plan places three bedrooms and the laundry room on the first level, with the primary suite and fifth bedroom on the second and the main living spaces on the top floor. Private bedroom balconies and thoughtful touches, including ensuite bathrooms, bedroom alcoves with writing desks and a chaise lounge in the primary suite, create inviting spaces to relax. An elevator, durable LVP flooring, zoned HVAC and an efficient electric tankless water heater complement the home's thoughtful design. The top-floor living area captures expansive ocean views and gives large groups plenty of room to gather, with dining seating for 12, a spacious sectional and additional chairs. The sleek white kitchen features high-end stainless appliances, including an induction range. There's plenty of counter space and a large island with seating for five plus a pantry and a wet bar with wine chiller. The living room opens to a covered porch and connects to the secluded rooftop deck via an enclosed staircase, extending the living space outdoors for sunbathing, stargazing and taking in sunrises over the ocean or sunsets across the sound. Fully furnished and equipped for vacation rentals, the home is ready for 2027 bookings. Gross rental revenue totaled $76,000 from May through September 2026 for Unit 1, while Units 1 and 2 together generated approximately $150,000 during the same period. Parking accommodates up to seven vehicles. 404 Canal #2 is also available, creating the opportunity to purchase both units together. Whether you envision this as your family's Carolina Beach retreat, a high-performing vacation rental, or both, this property deserves a closer look. Come see the views, the space and the possibilities!
Facts
- Type
- Townhouse
- Year built
- 2025
- Waterfront
- Second Row
- County
- New Hanover
- Price per sq ft
- $415
- Stories
- 3
- Construction
- Fiber Cement, Wood Frame
- Roof
- Metal
- Foundation
- Other, Raised, Slab, Pilings
- Water
- Public
- Listed
- Oct 20, 2026
- MLS #
- 100611471
Features
Inside
- Walk-in Closet(s)
- High Ceilings
- Kitchen Island
- Elevator
- Pantry
- Reverse Floor Plan
- Walk-in Shower
- Wet Bar
- Walk-In Closet(s)
- Wired for Data
- LVT/LVP
- Tile
- Mini Refrigerator
- Electric Oven
- Electric Cooktop
- Built-In Microwave
Outside
- Outdoor Shower
- DP50 Windows
- Second Row
- Shopping Nearby
- Marina
- Ocean
- Sound
- Water
Community
- Elevator(s)
- Shopping Nearby
- Short Term Rental
Parking
- Covered
- Concrete
- Underhouse
Heating & cooling
- Heat Pump
- Electric
- Zoned
Directions to 404 Canal Drive 1
Cross Snows cut Bridge and proceed south on Lake Park Blvd. Turn Left on Canal Drive. Property will be on right after about 2/10s of a mile.
Schools
- Elementary
- Carolina Beach
- Middle
- Murray
- High
- Ashley
As listed in the MLS (New Hanover). School assignments can change — confirm with the district for this address.
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Recent sales like this nearby
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 506 Canal Drive 2, Carolina Beach | Sep 23, 2026 | 5 / 4 | 2,500 | $1,179,000 | $472 |
| 304 Birmingham Avenue Unit 1, Carolina Beach | Jul 7, 2026 | 4 / 3 | 2,473 | $880,000 | $356 |
Similar size and type, sold in the last 6 months. From Hive MLS records; deemed reliable, not guaranteed.
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Buying in Carolina Beach? Local guides
- Real Stories: Why People Moved to Wilmington, NCReal neighbors who moved to Wilmington, Ogden, Carolina Beach and Hampstead share why they chose the NC coast, what surprised them, and their advice.
- Living in Carolina Beach & Kure Beach, NCLiving on Pleasure Island: Carolina Beach vs. Kure Beach, the Snow's Cut bridge, the Southport ferry, Fort Fisher, height limits, insurance and rentals.
- Moving to Wilmington, NC: A Local's Relocation GuideMoving to Wilmington, NC? A lifelong local covers climate, hurricanes, cost of living, jobs, areas, utilities, DMV and your first 30 days here.
Our take on 404 Canal Drive 1
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 three-story townhouse was built in 2025 and offers 3,129 square feet with five bedrooms and six bathrooms. It has a reverse floor plan and an elevator that serves all three levels. The kitchen includes an island, a pantry, and an electric cooktop, and a wet bar adds space for entertaining. High ceilings, walk-in closets, and walk-in showers are part of the interior.
The property sits on a second-row lot of about 0.14 acres, with views of the marina, ocean, sound, and water. An outdoor shower, covered parking, and underhouse parking complete the exterior. Heating and cooling come from zoned heat pumps, and a tankless water heater is included. Public utilities serve the property, and shopping is nearby.
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About 404 Canal Drive 1
404 Canal Drive 1 is a 5-bedroom, 6-bath townhome of about 3,129 square feet, built in 2025, Carolina Beach, New Hanover County, NC 28428.
Across ZIP 28428, 23 5-bedroom homes sold in the past year at a median of $1,430,000.
Area figures are broad context from the MLS, not a valuation — they don't adjust for condition, lot, views or updates. Ask us for a true comparison.
Buying 404 Canal Drive 1
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What's my home worth? →Questions about 404 Canal Drive 1
How much is 404 Canal Drive 1?
404 Canal Drive 1 is under contract. Its last asking price was $1,299,000.
How many bedrooms and bathrooms does 404 Canal Drive 1 have?
5 bedrooms and 6 bathrooms, with about 3,129 square feet.
When was 404 Canal Drive 1 built?
2025.
Who is the listing broker for 404 Canal Drive 1?
Coldwell Banker Sea Coast Advantage-CB (MLS #100611471).
Can I tour 404 Canal Drive 1?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.