Oak Island Homes under $500,000

Welcome to Oak Island, North Carolina—a coastal gem nestled in Brunswick County that offers the perfect blend of serene living and vibrant community life. Known for its stunning beaches, charming maritime history, and warm southern hospitality, Oak Island is a place where residents can truly embrace the coastal lifestyle. With miles of pristine shoreline and beautiful natural parks, it’s no wonder that this picturesque town is a favorite among families, retirees, and beach lovers alike.

One of the most alluring aspects of Oak Island is its diverse range of real estate options, particularly homes priced under $500,000. Whether you’re searching for a cozy beach cottage, a modern family home, or a charming bungalow, Oak Island has something to fit every taste and budget. These affordable properties not only provide an excellent opportunity for first-time homebuyers but also make for fantastic vacation rentals or investment properties.

Living in Oak Island means enjoying a variety of outdoor activities, from fishing and boating to kayaking and hiking. The town is also home to a vibrant local community with a variety of shops, restaurants, and annual events that celebrate the unique culture of coastal living. With its laid-back atmosphere and rich natural beauty, Oak Island is not just a place to live; it’s a lifestyle choice that promises relaxation and adventure.

Explore the real estate opportunities in Oak Island today, and discover how you can turn your dream of coastal living into a reality—all without breaking the bank!

Newest Oak Island Homes under $500,000

$350,000

2 Beds ⋅ 1 Baths ⋅ 100612462 MLS

FANTASTIC OPPORTUNITY to own on Oak Island. This coastal cottage is situated on a large 9,900 sf parcel (1.5 lots). After a day at the nearby beach, rinse off in your very own outdoor shower, then relax by living room fireplace. With a 2 car detached garage, you'll have plenty of room to store your car, a golf cart, and all the beach gear along with outdoor equipment. You'll also rest easy knowing the house has had recent improvements including a fortified roof! Enjoy Oak Island's kayak launch, crab dock, fishing pier, ice cream shops and restaurants all within the distance of a short bicycle ride. If you are ready to enjoy beach life, this may be the place for you. We all know the 3 most important words in real estate and this one has it-Location, Location, Location! This sought after location is ideal for year-round living, your personal second home, or collecting rental revenue. The town of Oak Island offers numerous amenities such as golf, tennis, pickleball, basketball, splash pad, picnic area, boat launches & public docks & water accesses yet NO hoa fees!

141 Ne 33rd St, Oak Island

$499,900

3 Beds ⋅ 2 Baths ⋅ 100612198 MLS

ELEVATOR! PRE-LISTING INSPECTION COMPLETE! TONS OF POTENTIAL FOR SOMEONE WITH VISION! Discover the potential of coastal living with this 3 bedroom, 2 full bathroom raised home on Oak Island! Built in 1999, this 1,364-square-foot property offers a functional single-level layout with an open living and dining area, an eat-in kitchen with pantry, a primary suite with walk-in closet, and two additional bedrooms. The bathrooms feature ADA-accessible accommodations, adding convenience and accessibility. Covered and screened outdoor spaces provide room to unwind, while the outdoor shower makes beach days a breeze. Underneath, you'll find covered parking, a workshop, and additional storage space for all your coastal essentials. The HVAC was installed in 2017, the water heater in 2020, and the roof has been recently replaced, per the owner. With room to make it your own, this property is an opportunity to add your personal touch and enjoy the Oak Island lifestyle. Conveniently located near the island's beaches, local dining, shopping, and everyday essentials, with historic Southport nearby and Wilmington International Airport within driving distance. Templeton Park is right at the end of the street, and Middleton Park is just 0.5 mile away, offering access to the island's craft fairs, festivals, and community events. Enjoy fishing, boating, and the charm of coastal Carolina living right at your fingertips! Disclaimer: Some photos have been virtually staged to help illustrate the home's potential and give buyers a better sense of how the space could look furnished.

212 Ne 41st St, Oak Island

$409,000

3 Beds ⋅ 2 Baths ⋅ 100611802 MLS

Could your own quaint coastal cottage be calling? Tucked along a quiet street and framed by established trees, this charming home offers the laid-back beach lifestyle you've been looking for, just minutes from the beach and conveniently located near the Swain's Cut Bridge. Inside, vaulted ceilings create an open, inviting living area, while freshly painted white kitchen cabinets, stainless appliances, newer LVP flooring, and a four-seat eat-at bar set the scene for casual meals and easy conversation. The primary bedroom features an ensuite bath, giving you a comfortable space to unwind and recharge. Looking for room to spread out and enjoy the outdoors? The large, vinyl-fenced backyard is ready for gatherings, pets, and play, with a firepit for winding down after a day at the beach. An outdoor shower makes rinsing off a breeze, while the storage buildings keep your beach and fishing gear close at hand. And what better way to start the day than with coffee on the cozy front porch? Could this be the coastal cottage you've been dreaming of?

170 Nw 5th St, Oak Island

$375,000

3 Beds ⋅ 2 Baths ⋅ 100611374 MLS

This home needs a buyers touch to make it their on. 3 Bed with 11/2 bath New floors and sub floor with a roof that was installed approx.5 years ago Located on the S E side of Oak Island Dr will allow for a nice walk to the beach. Currently tenant-occupied through February 4, 2027, providing an opportunity for continued rental income until the existing lease expires.

7503 E Oak Island Dr, Oak Island

$395,000

2 Beds ⋅ 2 Baths ⋅ 100611362 MLS

Home needs a buyers attention to make it more suitable for their needs. Coastal Living with Endless Potential on Oak Island! Location, convenience, and opportunity come together in this charming 2-bedroom, 2-bath home situated on a spacious corner lot in the desirable southeast area of Oak Island! Whether you're searching for a coastal getaway, investment property, or a place to call home, this property offers an excellent opportunity to make your beachside dreams a reality. Inside, you'll find a generously sized living area that flows into an open kitchen and dining space, creating a comfortable layout for everyday living and entertaining. The primary bedroom features a private bath and two closets, providing added convenience and storage. One of this property's greatest highlights is its fantastic location! The Oak Island Recreation Center is right next door, offering a variety of activities and amenities. Even better, a convenient beach walkover is located just behind the Recreation Center, making it easy to enjoy the beautiful sandy shores of Oak Island. With the home situated on the southeast side of Oak Island Drive, you can access the beach without having to cross the main road! Situated on a large corner lot, this home is ready for a little TLC and a fresh vision. With some thoughtful updates and personal touches, it has the potential to become a wonderful coastal retreat. The property is currently tenant-occupied, with a long-term lease ending March 1, 2027, offering an opportunity for buyers interested in an investment property. Bring your imagination and discover the possibilities! With its convenient beach access, generous lot, and prime Oak Island location, this is an opportunity you won't want to miss. Make your coastal living dreams a reality!

2907 E Oak Island Dr, Oak Island

$425,000

2 Beds ⋅ 2 Baths ⋅ 100610145 MLS

Double Lot, and Island Living? Yes, Please! Welcome to Oak Island, where sandy toes, salty breezes, and laid-back coastal living are part of everyday life! This charming beach home sits on a spacious double lot, offering room to spread out and enjoy your own slice of island paradise. Pull into the circular driveway and you'll find plenty of parking, including a covered two-vehicle carport with additional storage for all your beach gear. The covered front porch welcomes you home and might just become your favorite spot for morning coffee or an afternoon break. Step inside and you'll immediately notice the warmth and character of the natural wood trim and accents throughout the open living space. The kitchen features butcher block countertops, appliances, and a custom built-in dining table. Just beyond, the inviting family room features cedar walls and poplar ceilings, adding a little extra coastal cottage charm. The spacious primary bedroom offers two closets, while the main bathroom features custom tilework and a barn door. A guest bedroom, convenient half bath with laundry area, and an additional flexible room offer options for a home office, hobby room, or whatever suits your lifestyle. Luxury vinyl plank and concrete flooring make cleanup after a day at the beach a breeze! And wait until you see the backyard! Step through the sliding glass doors into a generously sized, fully fenced outdoor space with plenty of room for entertaining, pets, gardening, or simply kicking back and enjoying the coastal air. Location is another reason to love this home! With convenient beach access and a location near the Swain's Cut Bridge, you're just minutes from Oak Island's beaches, restaurants, shopping, and attractions, plus the waterfront charm of nearby Southport. Wilmington and Myrtle Beach are approximately an hour away for even more entertainment, shopping, and airport options. A beach home, double lot, fenced backyard, and easy access to the beach? That's a combination worth checking out! Whether you're searching for a full-time residence, weekend escape, or coastal investment, this Oak Island gem deserves a spot on your must-see list. Come see what island living is all about. Schedule your showing today! One or more photos are virtually staged. Original vacant photos are included in the media gallery for a true representation of the space. Lot lines are illustrative and not guaranteed accurate.

124 N Middleton Ave, Oak Island

$345,000

3 Beds ⋅ 1 Baths ⋅ 100609195 MLS

Opportunity awaits on the quiet west end of Oak Island! This 3-bedroom, 1-bath home offers the perfect combination of coastal charm, investment potential, and room to make it your own. With an established rental history and over $26,000 in rental income generated so far in 2026, plus additional bookings scheduled for the remainder of the year, this property is already working for you! While the home could use a little TLC, its income-producing potential offers a great opportunity to help offset the cost of improvements. Enjoy the laid-back atmosphere of Oak Island's desirable west end, with an easy golf cart ride to the beach. Whether you're looking for an investment property, a coastal getaway, or a home you can personalize over time, this property offers plenty of possibilities. Being sold as-is, it's a chance to invest in island living while building value along the way!

129 Nw 20th St, Oak Island

$425,000

3 Beds ⋅ 2 Baths ⋅ 100607363 MLS

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!

166 Ne 5th St, Oak Island

$318,000

2 Beds ⋅ 1 Baths ⋅ 100607032 MLS

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

$372,000

2 Beds ⋅ 2 Baths ⋅ 100606602 MLS

Charming, like new, coastal retreat on Oak Island's peaceful west side! This beautifully maintained 2-bedroom, 2-bath home, offers a comfortable, thoughtfully designed layout and boasts pride in ownership throughout. The covered front porch is perfect for morning coffee and a great welcome for friends and family! Inside, you'll find an open living area, sparkling kitchen, and LVP flooring throughout. Primary bedroom with a trey ceiling has a spacious walk-in closet, private bath with double vanity and full tub/shower. Another full bathroom offers a step-in shower with seating , located off living room, convenient for guests and the close by spacious second bedroom with large closet behind double paneled doors. The home is truly move-in ready and all appliances included. Outside, trees provide welcome summer shade in the fully fenced backyard, creating a private setting perfect for pets, entertaining, gardening, or simply relaxing after a day at the beach. The wired outbuilding-- ideal for a workshop and additional storage, with windows for natural light! This affordable Northwest Island Home offers the laid-back coastal lifestyle buyers are looking for, with easy access to beautiful beaches, boating, fishing, and all the restaurants, shops, and charm of nearby Southport. Whether you're looking for a primary residence, coastal getaway, or low-maintenance beach home, this inviting Oak Island property is ready for you to move in and start enjoying island life.

115 Nw 17th St, Oak Island

$375,000

3 Beds ⋅ 2 Baths ⋅ 100606384 MLS

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

$475,000

3 Beds ⋅ 2 Baths ⋅ 100604490 MLS

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. 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

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Oak Island Homes under $500,000

Newest Oak Island Homes under $500,000

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