Oak Island Development
For Sale
$2,600,000
Pending
120 SE 58th Street, Oak Island, NC 28465
Land, Oak Island, NC
Property SizeContact for details
Lot Size1.31 Acres
Days on Market99
Property Features for 120 SE 58th Street
General Information
Property type
Land
Property subtype
Other
Zoning
CR
Subdivision
Palms at Long Bay
View
Ocean
Elementary school
Southport
Middle school
South Brunswick
High school
South Brunswick
High school district
Brunswick County Schools
Directions
Take E Oak Island Dr, take a right at the light down 58th St., and it is in front of the Palms at Long Bay.
Standard status
Pending
APN
236pb023
Lot size
1.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
250AG00938/250AG00939
Legal Description
250AG00938/250AG00939
Utilities
Water source
Public
Listing Agency:
Coldwell Banker Sea Coast Advantage · Coldwell Banker Real Estate
(910) 799-3435
Listed By:
Rokoski Real Estate Group
(910) 799-3435
Added: May 15
Changed: Aug 19
Last Checked: Aug 21 at 12:06PM
MLS# 100574137
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an exceptional development opportunity on Oak Island, featuring two vacant land lots ideally positioned one street from the ocean in a sought-after coastal location. Zoned for the development of up to 26 condos, this property presents a chance for investors and developers to capitalize on the demand for beachside living and vacation rentals. The 1.31-acre site is located near public beach access, restaurants, shopping, and entertainment. It offers potential for a high-income producing condo project in a thriving coastal market. With tourism, expanding development, and limited ocean-area land availability, this property is suited for a residential or mixed-use investment. The property is located at 120 SE 58th Street, Oak Island, NC 28465.
Key Highlights
- Development opportunity for up to 26 condos.
- Located one street from the ocean.
- Prime coastal location on Oak Island.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 28465, NC
8,020
Population
10,482
Households
0.8
Avg Household Size
60
Median Age
45%
College-Educated
97%
High-School Grad
10.9 sq mi
ZIP Area
736
Density / Sq Mi
$83,739
Median Household Income
$49,936
Median Earnings
$1,154
Median Rent
$436,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant land for condo development near the beach.
Where is this commercial land located?
The property is located at 120 SE 58th Street Oak Island, NC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Development opportunity for up to 26 condos.; Located one street from the ocean.; Prime coastal location on Oak Island.
