118 SE 49th Street

Prime Beachside Lot with Water Views & Exceptional Rental Potential - Location, Location, Location! Don't miss this rare opportunity to own a fantastic coastal homesite in one of the most convenient and sought-after areas of Oak Island. Perfectly positioned for a high-performing short-term rental or your dream beach retreat, this water-view lot offers unbeatable proximity to everything vacationers love. Step outside and enjoy being just a short walk to the beach. Directly across the street, you'll find Oak Island's Recreation Facilities featuring the Friday Night Concert Series, Farmers Market, splash pad, new playground, and the newly built beach cabana — an incredible draw for renters and guests alike. Publix shopping center is just next door, providing ultimate convenience for groceries, dining, and everyday essentials. Zoned for both commercial and residential use, this versatile lot offers exceptional flexibility with no HOA restrictions. For added perspective, reference the adjacent improved property at 120 SE 49th Street, built on the same lot size, which sold for $950,000. That home features 5 bedrooms, 3 baths, 2,016 sq ft of living space, a beautiful backyard pool, and a two-car garage — a compelling example of the value and income potential this location supports. Whether you're planning a luxury vacation rental or a stunning personal beach escape, this perfectly located Oak Island lot is an opportunity you don't want to miss. Start building your coastal dream today!