Property Description

$155,000 PROJECTED ANNUAL RENTAL INCOME. OCEAN VIEWS. DAVIS CANAL VIEWS. HEATED POOL. FORTIFIED ROOF. STEPS TO THE OCEAN. DUAL ENTRY DRIVEWAYS. MULTIPLE DECKS AND BALCONIES. Located on Oak Island’s highly sought-after west end, this extraordinary 4-bedroom, 3.5-bath coastal retreat delivers the rare blend of luxury living and serious investment performance. Wake up to sweeping ocean views from the front of the home and unwind each evening with stunning sunsets dancing across the Davis Canal from the rear, offering breathtaking water views from sunrise to sunset. Designed for the ultimate coastal lifestyle, the outdoor living spaces are nothing short of spectacular with expansive front and rear porches, multiple balconies, a sparkling heated pool, private hot tub, and outdoor shower creating a true island resort atmosphere. Inside, the bright open-concept floor plan was built for effortless entertaining and elevated everyday living, featuring a beautifully updated kitchen with a massive island, dedicated coffee bar, pantry, and upscale finishes throughout. Rare dual driveway access from both the front and rear of the property provides abundant parking for guests, boats, golf carts, and beach gear, an incredibly uncommon and highly valuable island feature. Three bedrooms feature en-suite baths, maximizing comfort, privacy, and rental appeal, while the oversized custom primary closet and spacious laundry room add functionality rarely found in beach homes. The recently installed FORTIFIED ROOF offers added peace of mind, durability, and potential insurance benefits. Furniture conveys with select exclusions, making this a nearly turnkey opportunity ready to enjoy immediately. Whether you’re searching for a luxury second home, full-time island escape, or high-performing income-producing asset, this property delivers on every level.

Features
: In Ground
: Heat Pump, Forced Air, Electric
: Ceiling Fan(s), Central Air, Multi Units
: None
: Vinyl
: Deck, Rear Porch, Screened, Covered, Front Porch, Porch, Patio
: Concrete, Gravel, Off Street, Underhouse
: Outdoor Shower, Storm Doors
: Carpet, Tile, LVT/LVP
: Walk-In Closet(s), Ceiling Fan(s), High Ceilings, Furnished, Kitchen Island, Pantry, Built-in Features, Master Downstairs, Blinds/Shades, Walk-in Closet(s), Walk-in Shower, Solid Surface
: Laundry Room, Washer Hookup, Dryer Hookup
: Sewer Connected, Water Connected
: Third Row
Appliances
: Refrigerator, Electric Oven, Electric Cooktop, Tankless Water Heater, Electric Range, Built-In Microwave
Address Map
US
NC
Brunswick
Oak Island
28465
Pelican
2003
Drive
W79° 49' 11.9''
N33° 54' 56.6''
From E. Oak Island Dr., left on Middleton, Right on Beach Dr,. right on 20th Place W., left on W Pelican, home is on the left.
W
Ok-R-7
Neighborhood
Southport
South Brunswick
Brunswick County Schools
South Brunswick
MLS Addon
Keller Williams Innovate-OKI
Hank Troscianiec & Associates
Yes
Yes
$0
Additional Information
: None
1
2510
: Vinyl Siding, Wood Frame
1
: Other, Pilings
1.0
: Two
: Level, Open Lot, Third Row
80 x 175
2026-04-06
1369000
2
https://www.zillow.com/view-imx/458c2769-42e5-468a-97ef-76a1f32c4438?initialViewType=pano
https://www.zillow.com/view-imx/458c2769-42e5-468a-97ef-76a1f32c4438?wl=true&setAttribution=mls&initialViewType=pano
: Public
Listing Information
Francesca S Slaughter
550057890
550002862
Keller Williams Innovate-OKI
550006238
550002862
Cash,Conventional,FHA,USDA Loan,VA Loan
Active
2026-06-01T15:27:15Z
HiveMLS
: Standard
2026-04-06T18:30:30Z

2003 Pelican

2003 W Pelican Drive, Oak Island, North Carolina 28465

4 Bedrooms
4 Bathrooms
2,510 Sqft
0.24 Acre
$1,299,500
Listing ID #100562885
Basic Details
Property Type : Residential
Listing Type : For Sale
MLS ID : d37ce565071f26b8a4e4c86e7aaa3a86
Listing ID : 100562885
Price : $1,299,500
View : Canal,Marsh,Ocean,Water
Bedrooms : 4
Bathrooms : 4
Half Bathrooms : 1
Rooms : 8
Lot Area : 0.24 Acre
Square Footage : 2,510 Sqft
Year Built : 1998
Status : Active
Full Bathrooms : 3
Property Sub Type : Single Family Residence
Roof : Architectural Shingle
Agent info
Contact Agent