$1,699,900

510 W St George Street, Southport, NC 28461

  • 10 beds |
  • 9 baths |
  • 5,268 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2019
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $323/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

Grandfathered short-term rental rights in downtown Southport -- the one thing investors can't buy anymore, and this five-unit has it. Four bright 2BR/2BA units built in 2019 plus a private cottage, set on a quarter-acre pond-front lot three blocks from the shops, restaurants, and waterfront of one of North Carolina's most beloved coastal towns. The opportunity pencils two ways: projected at $150,000 gross on all annual leases, or blend in short-term rentals on two units and the pro forma reaches $181,250 gross -- roughly a 7.2% projected cap at asking. Newer construction keeps maintenance light, tenants pay their own utilities, and Oak Island's beaches are minutes away. A walkable, water-view income property with a licensing moat around it -- the kind of Southport offering that comes along once a cycle. Pro forma projections available; buyers to verify all figures and rental permissions. Offered at $1,699,900.

Listing Status:
Active
Date Added:
July 22, 2026
Data Last Updated:
August 12, 2026 at 6:15PM
Listing Office:
Berkshire Hathaway HomeServices Carolina Premier Properties : 910-222-4060
MLS ID:
100590676
  • General: Kitchen Island
  • Appliances: Electric OvenElectric CooktopRefrigerator
  • Laundry: Dryer HookupWasher Hookup
  • Basement: None
  • Flooring: LVT/LVP
  • A/C: Central AirHeat Pump
  • Heating: Heat PumpElectricForced AirElectric
  • Other Structures: PorchPatio
  • Pool: None
  • Parking: Shared DrivewayGravelParking spaces: 4
  • Roofing: Shingle
  • General: Brick VeneerVinyl SidingWood FrameOneSlab
  • Road/Access: City StreetState RoadAsphaltPavedPond Front
  • Originating MLS: Hive MLS
  • School District: Brunswick County Schools
  • County: Brunswick
  • Zoning: SP-MFL-E .25 AC DB PL 4210-479L-D .28 AC DB PL 4210-479237la02885
  • View: Pond
  • Fencing: None
  • Utilities: Electricity ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Hive MLS

This listing courtesy of Berkshire Hathaway HomeServices Carolina Premier Properties

Monthly Payment

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

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