Active 2068 New River Inlet Road, North Topsail Beach, NC 28460
$5,250,000 Sq/Ft: 8,300 16 18 MLS#: 100489463 Market Days: 29
Location
Welcome to Southern Grace, an extraordinary 16-bedroom, 18-bathroom oceanfront estate on North Topsail Beach that sleeps 60 - one of the largest homes on Topsail Island and a rare investment opportunity producing over $500K in gross rental income in 2023 and 2024 with several hundred thousand already on the books for 2025. With 8,300 sq. ft. of coastal luxury on an expansive 1.11-acre lot, this turnkey property is a proven income producer with an impressive IRR and future revenue already on the books for 2025. This high-yield premier investment property is designed for multi-generational family vacations, corporate retreats, weddings, reunions, and special events, and commands strong rental income through its unmatched accommodations and prime beachfront location. With ample parking, a private oceanfront pool, and a tiki bar, this home caters to large groups seeking the ultimate coastal escape. With multiple living areas that are perfect for large gatherings, elevator access to all levels, and expansive oceanfront porches ideal for morning coffee or watching dolphins play in the surf, this home has it all. Offered fully furnished and stocked, it is immediately ready to begin producing rental income for the buyer. A rare slice of Topsail Island paradise, Southern Grace is perfectly positioned to showcase breathtaking sunrises over the Atlantic, with direct beach access from your doorstep. Located on one of the largest oceanfront lots on the island, this estate offers both seclusion and convenience, making it an irreplaceable asset for investors and luxury buyers alike. With a strong track record of rental success, Southern Grace is ready to continue producing income for its next owner. This one-of-a-kind estate is an unparalleled opportunity to own a high-performing beachfront investment in one of North Carolina's most desirable coastal destinations.
More Information
City Limits: Yes
Lot Acres: 1.110
Water Front: Yes
Heated SqFt: 8000 - 8499
Days On Market: 29
Waterview: Yes
Construction Type: Stick Built
New Construction: No
Construction: Wood Frame
Foundation: Pilings
Heating: Electric,Forced Air,Heat Pump
Cooling: Central Air,Zoned
Fireplace : None
Flooring : Carpet,Tile
Fuel Tank : Above or Below Ground,Fuel Type,Owned or Leased
Subdivision : Other
Lot Dimensions : 65 x 747
HOA and Neigh Amenities: See Remarks
Pool/Spa: In Ground
Porch/Balcony/Deck: Covered,Deck,Porch
Interior Features
Elevator
9Ft+ Ceilings
Vaulted Ceiling(s)
Ceiling Fan(s)
Furnished
Pantry
Reverse Floor Plan
Exterior Features
DP50 Windows
Gas Grill
Outdoor Shower
Security Lighting
Dining Room Type
Combination
Lot Water Features
None
Fencing
Back Yard
Garage Parking
Garage Parking Attached : 0.00
Garage Parking Detached : 0.00
Garage Parking Total : 0.00
Carport Attached : 2.00
Carport Detached : 0.00
Carport Total : 2.00
Garage Parking RV Boat : 0.00
Garage Parking Driveway : 40.00
Parking Driveway : On Site,Unpaved