$1,950,000

636 & 644 S Third Avenue, Kure Beach, NC 28449

  • 7 beds |
  • 7 baths |
  • 3,618 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $539/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Why buy one beach house when you can buy three? Three bungalows. Three lots. And one completely turnkey investment that generated over $180,000 in gross rental revenue in 2025 and is one pace to do $250k+ in 2026 -- making it one of the highest-rated short-term rental properties on the entire island. This isn't your average beach house. It includes 3 standalone units, all fully renovated and furnished: Bungalow 1: 2 bedroom/2 bath with a large, open floor plan kitchen and living room, screened in side porch, large front deck with hot tub and ocean view. Bungalow 2: Perfectly laid out studio unit with outdoor space on both sides, including a hot tub and outdoor shower on one side and a lounge area on the other. Bugalow 3: 4 bedroom/4 FULL bath property with 3 ensuite bedrooms, large kitchen area, breezeway separating the two wings and a private deck area with hot tub. Since 2023, this collection of charming coastal bungalows has been completely transformed into a polished, guest-ready micro resort. Every unit was redesigned from the ground up, interiors brightened and refreshed, exteriors freshly painted, and the outdoor spaces elevated with three brand new hot tubs, three outdoor showers, a fire pit, and all-new landscaping. The result? A property that practically runs itself and keeps guests coming back. All furniture included. Just show up and start collecting checks. And it gets sweeter -- those three separate lots each have the potential to support a duplex, giving a savvy developer a serious runway for future upside. Whether you're someone looking to live at the beach for free by living in one unit while the others pay your mortgage, a seasoned investor adding a proven performer to your portfolio, or a developer with an eye on what this land could become -- this one checks every box. Turnkey. Cash-flowing. Irreplaceable. Here's your chance to own Kure Beach's finest micro resort. Listing agent is one of the owners of the property.

Listing Status:
Active
Date Added:
April 9, 2026
Data Last Updated:
May 12, 2026 at 2:17PM
Listing Office:
Fathom Realty NC LLC : 888-455-6040
MLS ID:
100565968
  • General: Master DownstairsVaulted Ceiling(s)Solid SurfaceBookcasesKitchen IslandCeiling Fan(s)FurnishedHot TubPantryWalk-in ShowerBlinds/ShadesEat-in Kitchen
  • Master Bedroom: Primary Living Area
  • Laundry: Laundry Closet
  • Basement: None
  • Flooring: LVT/LVPTileHardwood
  • A/C: Central AirWall/Window Unit(s)Ceiling Fan(s)2Heat Pump
  • Heating: Heat PumpElectricForced AirElectric
  • General: Outdoor Shower
  • Other Structures: PorchDeckScreened
  • Parking: Off StreetParking spaces: 0
  • Roofing: Metal
  • General: Wood SidingWood FrameOneCrawl Space
  • Road/Access: City StreetState RoadPavedSee Remarks
  • HOA Amenities: None
  • Originating MLS: Hive MLS
  • School District: New Hanover
  • County: New Hanover
  • Zoning: RA-2LOTS 1-2 BLK 29 KURE BEACH REV LOT 3 BLK 29 KURE BEACH REV LOTS 4-7 BLK 29 KURE BEACH REVR09405-009-020-000
  • View: OceanWater
  • Fencing: None
  • Utilities: Cable AvailableSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Municipal Sewer
  • Source: Hive MLS

This listing courtesy of Fathom Realty NC LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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