5515 E Pelican Drive, Oak Island, NC 28465

$1,175,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,747 Lot Size (sq. ft.): 7,492 Status: Active
Current Price: $1,175,000 List Date: 5/25/2025 Last Modified: 9/06/2025

Description

Welcome to your dream coastal home, crafted by McCullough Construction, Inc. This luxurious two-story piling home, just 0.2 miles from the beach, offers 2,747 SqFt of beautifully designed space with stunning third-row ocean views. With exquisite finishes and spacious living areas, this property offers the perfect blend of relaxation and investment potential. Highlights include an impressive kitchen with quartz countertops, a large island, and top-tier appliances, plus not one—but two primary suites for ultimate comfort. Expansive porches allow you to enjoy the coastal breeze, while the ground floor features a slat-sided carport, generous storage space, and an elevator that accesses all levels. Built with top-quality craftsmanship and a standing seam metal roof, this home is not only a luxurious retreat but also built to last. Located just steps from Oak Island's amenities and a short stroll to the beach, this home is positioned for a highly lucrative rental investment. Whether you're looking to generate income or enjoy a private getaway, the combination of prime location and functional design makes this property ideal for vacation rental opportunities—an absolute must for savvy investors! As McCullough Construction, Inc. enters an exciting new chapter with father-son duo Chad and Ethan McCullough, this home showcases their legacy of expert craftsmanship combined with fresh, innovative designs. With a focus on lasting quality and long-term value, every detail of this home speaks to their commitment to excellence. With Oak Island's 65+ public beach accesses, boat ramps, fishing docks, and abundant outdoor activities, this is more than just a home—it's an income-generating asset. Don't miss your chance to own a piece of coastal paradise and secure a smart investment for the future!

More Information MLS# 100447008

Contract Info

Delayed Marketing?: No Sub-Type: Single Family Residence Construction Type: Stick Built List Price/SqFt: 427.74 Stipulation of Sale: Standard Status: Active Marketing Start Date: 2024-05-28 Listing Price: 1175000 Current Price: $1,175,000

Location Information

City Limits: Yes Marketing City: Oak Island Secondary Subdivision: N/A Street #: 5515 Pre Direction: E Street Name: Pelican Street Suffix: Drive County: Brunswick State/Province: NC Zip Code: 28465 Subdivision: Not In Subdivision Geo Lat: 33.909587 Geo Lon: -78.108054

Remarks and Showing

Sign on Property: Yes Directions to Property: From E Oak Island Dr, take SE 58th St to right on E Pelican Dr to house on left.

Property Exterior Info

New Construction: Yes Presale: Yes Est. Complete Date: 2025-06-30 Lot Acres: 0.17 Lot Dimensions: 50x150 Lot SqFt: 7492 Waterfront: No Waterview: Yes Location Type: Island

Property Interior Info

Total SqFt - Heated (Primary + Separate): 2747 # Rooms: 9 # Baths - Full: 3 # Baths - Half: 1 # Baths - Total: 4 Master Bedroom Level: Non Primary Living Area Stories: 2 SqFt - Heated (Primary): 2747 # Bedrooms: 4

Legal & Taxes

Tax Assessed Value: 335000 Total Real Estate Property Taxes: 1299.7 Deed Book: 05026 Deed Page: 1034 Legal: L-15 B-3 S-N-2 ADDN PLAT 8/140 Broker Owner: No PID: 250AE008 Tax Identifier: 250ae008 Plat Book: 8 Plat Page: 140 Lot #: 15 Special Assessments: NA Tax Year: 2023 Zoning: R7 HOA: No Cobra Zone: No School District: Brunswick County Schools Elementary School: Southport Middle School: South Brunswick High School: South Brunswick

Garage & Parking

Attached Garage Spaces: 0 Detached Garage Spaces: 0 Total # Garage Spaces: 0 Under House: 4 Total Carport Spaces: 0 Driveway Spaces: 4 Other - See Remarks: Slat sided carport

HOA and Neigh Amenities

See Remarks: 1

Attic

Stairs - Pull Down: 1

Frontage Type

See Remarks: 1

Handicap Accessible

Elevator: 1

View Type

Ocean: 1 See Remarks: 1 Water: 1

Construction

Wood Frame: 1

Current Service Providers

Electric Provider: Brunswick Electric Sewer Provider: City/Town Water Provider: City/Town

Exterior Finish

Vinyl Siding: 1

Terms

Cash: 1 Conventional: 1

Fencing

None: 1

Foundation

Pilings: 1

Flooring

LVT/LVP: 1 Tile: 1

Parking Features

Off Street: 1 On Site: 1

Patio and Porch Features

Covered: 1 Porch: 1

Roof

Metal: 1

Stories/Levels

Two: 1

Road Type/Frontage

Maintained: 1 Public (City/Cty/St): 1

Lot Water Features

Third Row: 1

Cooling

Central Air: 1

Heated SqFt

2600 - 2799: 1

Heating

Heat Pump: 1

Heating System Fuel Source

Electric: 1

Utilities

Sewer Available: 1 Water Available: 1

Sewer

Municipal Sewer: 1

Water Source

Municipal Water: 1

Appliances/Equip

Built-In Microwave: 1 Dishwasher: 1 Electric Cooktop: 1

Fireplace

None: 1

Interior Features

Ceiling Fan(s): 1 Elevator: 1 High Ceilings: 1 Kitchen Island: 1 Mud Room: 1 Pantry: 1 Solid Surface: 1 Tray Ceiling(s): 1 Walk-in Shower: 1 Walk-In Closet(s): 1

Security Features

Smoke Detector(s): 1

Laundry Features

Hookup - Dryer: 1 Hookup - Washer: 1 Laundry Room: 1

Dining Room Type

Combination: 1 Kitchen: 1

Home Warr/Termite

Termite Bond: 1 Termite Company: Clegg's Termite Company Phone: 910-457-1171

Rooms

Bedroom 2: 1 Bedroom 2 Level: First Bedroom 3: 1 Bedroom 3 Level: Second Bedroom 4: 1 Bedroom 4 Level: Second Dining Room: 1 Dining Room Level: First Kitchen: 1 Kitchen Level: First Laundry: 1 Laundry Level: Second Living Room: 1 Living Room Level: First Master Bedroom: 1 Master Bedroom Level: Second

Legal Taxes

Year Built: 2025

Property Features

Frontage Type: See Remarks Handicap Accessible: Elevator View Type: Ocean; See Remarks; Water Attic: Stairs - Pull Down Construction: Wood Frame Exterior Finish: Vinyl Siding Fencing: None Foundation: Pilings Parking Features: Off Street; On Site Patio and Porch Features: Covered; Porch Roof: Metal Lot Water Features: Third Row Cooling: Central Air Heating: Heat Pump Heating System Fuel Source: Electric Utilities: Sewer Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water Fireplace: None Flooring: LVT/LVP; Tile Interior Features: Ceiling Fan(s); Elevator; High Ceilings; Kitchen Island; Mud Room; Pantry; Solid Surface; Tray Ceiling(s); Walk-in Shower; Walk-In Closet(s) Security Features: Smoke Detector(s) Laundry Features: Hookup - Dryer; Hookup - Washer; Laundry Room Heated SqFt: 2600 - 2799 Dining Room Type: Combination; Kitchen HOA and Neigh Amenities: See Remarks Rooms: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Kitchen; Laundry; Living Room; Master Bedroom Terms: Cash; Conventional

Room Information

Living Room Level: First Dining Room Level: First Kitchen Level: First Master Bedroom Level: Second Bedroom 2 Level: First Bedroom 3 Level: Second Bedroom 4 Level: Second Laundry Level: Second
Listing Office: Keller Williams Innovate-OKI
Last Updated: September - 06 - 2025
5515 E Pelican Drive, Oak Island, NC 28465- MLS# 100447008
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