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10 Beds
9 Baths
5,268 sqft

$1,699,900

510 W St George Street, Southport NC, 28461

Price per sqft$322.68
Built in2019
Property size5,268 sqft
Property typeMulti-family

Overview

Active

Listed Jul 22, 2026

Updated 4 weeks ago

Grandfathered short-term rental rights in downtown Southport -- the one thing investors can't buy anymore, and this five-unit has it. Four bright 2BR/2BA units built in 2019 plus a private cottage, set on a quarter-acre pond-front lot three blocks from the shops, restaurants, and waterfront of one of North Carolina's most beloved coastal towns. The opportunity pencils two ways: projected at $150,000 gross on all annual leases, or blend in short-term rentals on two units and the pro forma reaches $181,250 gross -- roughly a 7.2% projected cap at asking. Newer construction keeps maintenance light, tenants pay their own utilities, and Oak Island's beaches are minutes away. A walkable, water-view income property with a licensing moat around it -- the kind of Southport offering that comes along once a cycle. Pro forma projections available; buyers to verify all figures and rental permissions. Offered at $1,699,900.

$11,309/mo

Est. mortgage payment based on a $1,699,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
100590676

Interior Features

Bedrooms
10
Bathrooms
9
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Garage
Yes
View
Yes

Courtesy of Berkshire Hathaway HomeServices Carolina Premier Properties with Zack Bryant Team, Matt L Gladden
Listing Contact: 910-746-7000 

 

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Data last updated 3:15 AM UTC, 8/20/2026

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