Oak Island Homes under $500,000

Welcome to Oak Island, North Carolina—a hidden gem nestled along the stunning coastline of Brunswick County. Known for its picturesque beaches, charming small-town atmosphere, and rich maritime history, Oak Island offers an idyllic setting for those seeking a peaceful coastal lifestyle. With its warm climate, friendly community, and abundant recreational activities, it’s no wonder that Oak Island has become a sought-after destination for families, retirees, and beach lovers alike.

One of the most appealing aspects of Oak Island is the diverse range of homes available, particularly those under $500,000. Whether you’re looking for a cozy beach cottage, a modern family home, or a charming bungalow, Oak Island has something for everyone. These affordable properties allow you to embrace the coastal lifestyle without breaking the bank, making it easier to enjoy the beauty of sandy shores and breathtaking sunsets.

Beyond the beautiful homes, Oak Island boasts a wealth of outdoor activities. Spend your days lounging on the beach, fishing off the pier, or exploring the numerous parks and nature trails. The nearby Oak Island Lighthouse, with its stunning views, is a must-visit for both tourists and locals. Plus, with vibrant local dining options and boutique shopping, you’ll find everything you need just a stone's throw away.

Discover the magic of Oak Island, where coastal charm meets affordability. With homes under $500,000, your dream of living by the sea is within reach. Come and explore this enchanting community, and make Oak Island your new home sweet home!

Newest Oak Island Homes under $500,000

$425,000

3 Beds ⋅ 2 Baths

FULLY FURNISHED OAK ISLAND HOME + GOLF CART INCLUDED! Looking for an Oak Island, NC home for sale where you can start enjoying the beach lifestyle from day one? This 3-bedroom, 2-bath home offers 1,319 square feet of comfortable single-level living and is being sold furnished, complete with a 2021 4-seat Club Car golf cart with title and 2023 batteries. Just bring your suitcase and start enjoying island life! Built in 2002 and conveniently located near the beach, this home is a great option for a primary residence, second home, or coastal getaway. Hop on the golf cart and head to the beach, explore Oak Island, grab dinner, or simply enjoy cruising around town. Inside, the home has been thoughtfully updated while maintaining an easy, comfortable coastal feel. The kitchen received updated countertops, backsplash, and appliances in 2022. The primary bathroom was also updated in 2022. Most of the home's windows were replaced in 2024, along with new blinds, bringing in plenty of natural light. Outside, you'll find even more features that make beach living easier. The property includes a powered outdoor storage building, perfect for beach chairs, bikes, tools, fishing gear, and extra storage. A lawn mower also conveys, along with the refrigerator on the porch. LeafGuard gutters were added in 2022. The golf cart, furnishings, storage, and thoughtful updates make this home especially easy to enjoy from the moment you arrive. Whether you're searching for a furnished beach house on Oak Island, a low-maintenance second home near the beach, or simply a place to call home at the coast, 166 NE 5th Street offers the space, convenience, and laid-back lifestyle that make Oak Island living so special. Come see what island life could look like when everything you need is already here! **Call Maggie Lin at 910-946-1073 to schedule your private showing today!**

166 Ne 5th St, Oak Island

$329,900

2 Beds ⋅ 1 Baths

This 2-bedroom, 1-bath Oak Island cottage pairs easy coastal living with a beautiful wooded 0.157-acre lot shaded by mature trees. Fresh paint and LVP flooring throughout give the interior a bright, updated feel, while the well-planned layout makes the most of every room. The spacious kitchen offers plenty of room for everyday meals or casual gatherings and connects conveniently to the laundry room. Outside, the front and rear porches provide inviting places to sip your morning coffee, catch an afternoon breeze, or unwind after a day at the beach. An outdoor shower makes it easy to rinse off the sand, and two backyard storage sheds offer space for bikes, beach gear, and tools; one shed has electrical service. Set on Oak Island's quieter west end, the home is minutes from the beach and close to the public fishing dock on Yacht Drive. The town also offers golf, tennis, pickleball, basketball courts, picnic areas, boat launches, public docks, and multiple water access points, with no HOA fees. Whether you're looking for a year-round home, a coastal getaway, or an investment opportunity, schedule your showing today.

114 Nw 23rd St, Oak Island

$425,000

3 Beds ⋅ 2 Baths

Welcome to 121 NE 6th Street in Oak Island! This charming 3-bedroom, 2-bath coastal home offers approximately 1,250 square feet and a great opportunity to enjoy island living while making the space your own. Conveniently positioned between the ocean and the Intracoastal Waterway, the home is just a few blocks from the scenic 9th Street beach access and close to Swains Cut Bridge for easy access on and off the island. Inside, abundant windows bring natural light into the main living area, with an open kitchen and dining space, a comfortable one-level floor plan, and plenty of potential for cosmetic updates to suit your style. Outside, enjoy a privacy-fenced yard, separate fenced area, mature shade trees, and established fruit plantings including blueberry, fig, plum, pear, blackberry and grapes. Whether you're looking for a primary residence, second home or coastal getaway, this property offers a great combination of location, privacy and potential. Convenient to the beach, shopping, dining and recreation. Come take a look and see the possibilities for yourself!

121 Ne 6th St, Oak Island

$489,900

4 Beds ⋅ 3 Baths

827 total heated square feet includes the lower level which is completely separate from the main living level upstairs. While the main living level is elevated on pilings, it can be accessed by an accessible elevator. This home is located in the bend of Oak Island Drive and is near the scenic Davis Canal crossover at SE 20th Street. From there, beach access is a short walk or bike. Catch ocean breezes from the front porch or back deck. The property offers 1207 square feet on the main level of the house, which is elevated on pilings. This level of the house is accessible by an elevator. The main level features a classic 3 bedroom, 2 bathroom floor plan with a den and kitchen area. The area below the pilings is completely enclosed and divided between a single car garage and a large open room with a fully finished bathroom. About 620 square feet under the house is heated and cooled. Out back, a newer storage building is ready for bikes and beach toys. An exterior shower upgrades what a lot of Oak Island houses offer! Be sure to check it out. From a value perspective, check out the features and compare it with the price. While the house might meet your needs completely as it sits, there is an opportunity for skilled and enterprising buyers to redo the house to their liking. Rest assured and avoid surprises in your new beach home! The seller completed a pre inspection of the home and is offering the summary in addition to the disclosure statement. For added piece of mind, the seller is offering a home warranty. While this property is not located in a flood zone where lender generally require flood insurance on a property, the seller has a flood policy. The premium is $753.91.

2305 E Oak Island Dr, Oak Island

$475,000

3 Beds ⋅ 2 Baths

Furnished & priced to sell Adorable 3 bedroom, 2 bath island home located on the desirable West end of Oak Island. Perfect for year round living, vacation rentals or weekend get-a-ways! The covered front entry welcomes guests to come make memories together with an open kitchen and great room ideal for entertaining. Freshly painted and ready for you. The ensuite is situated at rear of home for more privacy and peacefulness. Additional 2 bedrooms and bath for friends or family. The single car garage provides plenty of extra storage and dry entrance to the home or a perfect spot to keep your LSV or car when you are not at the beach! Situated in an X flood zone; lenders do not require flood insurance. Professional photos are coming soon, but if you wait for those you just may miss out! Come take a look at your future Island Home today! The Town of Oak Island offers numerous amenities such as golf, tennis, pickleball, basketball, picnic area, boat launches, public docks and water accesses, yet NO HOA fees.

126 Nw 8th St, Oak Island

$446,900

3 Beds ⋅ 3 Baths

👀Easy to See this Weekend! Exciting news! Your perfect beach condo is now on the market! This 2nd-floor, 3-bedroom, 2.5-bathroom condo is located in the highly sought-after Ocean Walk Complex in Oak Island, NC. You'll be just steps away from the beach, shopping, restaurants, and entertainment. The unit is conveniently next to the pool and includes two assigned parking spaces. Ocean Walk also features an elevator for easy access. The condo is being sold turnkey-ready, with only a few personal items excluded. The sellers have made numerous upgrades that you will surely appreciate! *New flooring (LVP) was put down in 2022 throughout and the entire condo was repainted in late 2022 or early 2023 *Fridge was new in 2023 *Added backsplash in kitchen and new black hardware to cabinets. Condo is on a Vacation Rental Program for 2026 $34K Don't wait--this condo won't last long, so be sure to schedule a visit soon!

105 Se 58th St Unit 8204, Oak Island

$429,000

3 Beds ⋅ 3 Baths

Make an appointment to see in this beautifully decorated 3-bedroom / 2.5-bathroom first floor condo unit just one block away from the beach. The condo features an open floor plan that allows for entertainment. The Kitchen/living room flows onto the spacious balcony. There are two oversized guest bedrooms that include a Jack and Jill bathroom, and the master features its own private bath. Sold furnished. Time can be divided between the beach, your private balcony or the in-ground pool, picnic/grilling area located very close to the condo. Outside you will also find outdoor showers and two assigned side-by-side covered parking spaces. Avoid summer traffic - Ocean Walk is located close to ice cream shops, arcades, grocery stores and retail locations.

105 Se 58th St Unit 8102, Oak Island

$400,000

2 Beds ⋅ 1 Baths

Coastal charm in abundance in this quintessential Oak Island cottage, ideally situated just steps from the Intracoastal Waterway and marsh, and a quick two-minute drive or three-minute golf cart ride to the beach, local dining, and shopping. Frame-worthy curb appeal greets you with a classic white picket fence, lush coastal landscaping, and a dedicated firepit area ready for starlit gatherings. The inviting front screened porch, painted in soft coastal hues, features a ceiling fan, updated lighting, and ample room for both outdoor dining and relaxed lounging. Step inside to a bright main living space defined by a soaring vaulted ceiling with custom woodwork, rich character, a cozy fireplace, and low-maintenance tile flooring. Sunlit windows illuminate the room, which features a clever closet-to-beverage-center conversion perfect for entertaining. The kitchen is smartly designed with a cozy breakfast bar, crisp white backsplash, open shelving, abundant cabinetry, updated lighting, and stainless steel appliances. Down the hall, the primary bedroom is styled with privacy shades and curtains, while the second bedroom is outfitted with bunk beds to maximize sleeping capacity. The updated bathroom features crisp wall and floor tile, an upgraded vanity, modern lighting, and custom shelving. Outdoor living continues seamlessly out back with a second coastal-painted screened porch equipped with ceiling fans and room for dining, opening directly to a private hot tub. A custom raised wooden walkway connects the house to the attached carport, which houses the included washer and dryer and serves as the ideal golf cart perch. In the backyard, two versatile detached outbuildings offer endless flexible potential for a home office, gym, hobby space, or guest quarters. These two buildings are unpermitted. No HOA and not in a flood zone. Complete with built-in hurricane shutters for total peace of mind, this home is the ultimate turn-key retreat for coastal living.

318 Ne 58th St, Oak Island

$449,000

2 Beds ⋅ 2 Baths

Looking for a beach investment that's ready to go? Welcome to 135 NE 34th Street, a beautifully updated 2-bedroom, 2-bath home in a prime Oak Island location, offered fully furnished and ready for its next chapter as a successful vacation rental or coastal getaway. The main level offers an inviting open living/dining area to relax and gather after a day at the beach, along with the primary bedroom, a full bath, and convenient laundry. Upstairs, you'll find a spacious loft-style bedroom with its own full bath, creating a comfortable private retreat for guests and giving the home a flexible layout that works especially well for vacation rentals. Outside is where this property really shines. Numerous improvements have been completed within the past year, including a new fence, new driveway, outdoor shower, and hot tub. Other recent upgrades include a roof and HVAC in 2019. Sold furnished with few exceptions, see documents for specific details. Situated just a short distance from the beach, Middleton Park, and downtown - this home puts you close to the sand while also being convenient to Oak Island's restaurants, shops, parks, fishing, and other island amenities. Whether you're looking for a proven vacation rental, a second home, or a little bit of both, 135 NE 34th Street offers the rare combination of turn-key convenience, recent improvements, excellent location, and established rental presence. Bring your suitcase, your beach towel, and your investment strategy, this one is ready for you!

135 Ne 34th St, Oak Island

$350,000

3 Beds ⋅ 2 Baths

Dream big on Oak Island! This .33-acre double lot offers an exceptional setting to create your own beach oasis, surrounded by beautiful mature oak trees that bring shade, character, and that unmistakable coastal charm. Tucked into a peaceful island setting, it's a special piece of property ready for a fresh start. The value here is in the land, with the existing home best suited for removal rather than renovation. An estimated demolition cost of $15K provides a helpful starting point as you plan what comes next. Build your own island retreat or explore the potential to divide the property and build two homes for resale or short-term rentals, subject to zoning, permitting, and town approval. Priced with the property's current condition in mind, this double lot presents exciting potential for homeowners, builders, and investors alike. Bring your plans, imagine what could be, and create something truly special to live life beautifully on wonderful Oak Island.

2607 W Oak Island Dr, Oak Island

$489,900

3 Beds ⋅ 2 Baths

Can you picture ending your beach day with a golf cart ride home to your own coastal retreat? This charming 3-bedroom, 2-bath Oak Island, NC beach home offers 1,460 square feet of comfortable living space with the primary suite tucked away on the second level. Enjoy morning coffee on the large screened front porch, then gather with friends on the spacious back deck overlooking a fenced backyard and beautiful, mature oak tree. Inside, a cozy fireplace, laundry room, and plenty of storage make everyday living easy. The gravel front yard offers low-maintenance coastal living plus plenty of parking for family, guests, a boat, or a golf cart. Located on the quieter NW side of Oak Island, you are an easy golf cart ride to Middleton Beach Access while still close to restaurants, shopping, and grocery stores. A wonderful choice for a second home, full-time residence, or investment property.

163 Nw 6th St, Oak Island

$387,000

2 Beds ⋅ 2 Baths

This beautifully maintained 2-bedroom, 2-bath condo in the desirable OceanWalk community on Oak Island could be your new Oak Island beach retreat! Whether you're looking for a relaxing beach getaway, a second home, or an investment property with rental potential, this inviting condo offers the location and lifestyle you've been looking for.Thoughtfully furnished and attractively decorated, the condo is well stocked and move-in ready, making it easy to settle in and start enjoying beach life right away. The open-concept living and kitchen area creates a comfortable gathering space for family and friends, while the well-equipped kitchen has everything you need for both everyday living and vacation stays.Step outside onto the charming balcony and enjoy a peek of the ocean--a lovely reminder of just how close you are to the beach. And close you are! The white sandy beach is just a short stroll away, making morning walks, afternoon swims, and sunset beach time wonderfully convenient.Located on the first level, this unit offers easy accessibility, and the building is equipped with an elevator for additional convenience. You'll also have two dedicated parking spaces, making coming and going a breeze. OceanWalk offers a wonderful setting for enjoying the best of Oak Island, with the beach, restaurants, groceries, ice cream, mini golf, and other island favorites all nearby. After a day in the sun, come home to enjoy the community pool and relaxing sunbathing area, with grills available for an easy evening cookout. Whether you're searching for your own coastal escape or an investment property that can generate rental income,6103 Ocean Walk is a wonderful opportunity to own a piece of Oak Island beach life. Well maintained, nicely furnished, conveniently located, and just a short walk to the sand--this one is ready to enjoy!

105 Se 58th St Unit # 6103, Oak Island

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