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NE Elizabeth Drive Dr
Oak Island, NC 28465

Price Upon Request

Land For Sale  •  1.17 AC

Property Details

  • Property Type Land
  • Lot Size 1.17 AC
  • Zoning R
30 Walk Score

Description

Two residential lots on Elizabeth Drive:
Prime development opportunities positioned perfectly to capture Oak Island’s booming high-income retiree and premium vacation rental markets.

Elizabeth Drive serves as a critical, scenic parallel route to the Intracoastal Waterway (ICW). This specific corridor combines highly coveted "quiet street" appeal with rapid, golf-cart-friendly proximity to beach access. 

By targeting developers with the town's surging 11.2%+ population growth, strong median household incomes ($85,872), and an exceptionally low-traffic, pedestrian-safe street canvas, you can present a highly lucrative, low-risk build scenario for two single-family homes.

No HOA Restrictions: The absence of rigid Homeowners Association fees allows developers architectural flexibility and gives buyers the freedom to park
boats or trailers on-site.

Highlights

Perfect for SHORT-TERM VACATION RENTAL (STR) INVESTMENTS
Average STR Cap Rates: 8.0% to 12.0% for optimized, well-managed properties.
Two residential lots on Elizabeth Drive

Property Flyers

Public Transportation

AirportDriveWalkDistance
Wilmington International 61 min - 36.9 mi
Marguerite Greene 919-219-9312 Century 21 Triangle Group
Marguerite Greene 919-219-9312 Century 21 Triangle Group