JonathanSmith

636 & 644 S Third Avenue, Kure Beach, NC 28449

$1,950,000
  • 636 & 644 S Third Avenue, Kure Beach, NC 28449 Main Photo

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Active
BEDS7 BATHS7 full SQUARE FEET3,618 MLS#100565968
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLNew Hanover

Property Description

Why buy one beach house when you can buy three?Three bungalows. Three lots. And one completely turnkey investment that generated over $180,000 in gross rental revenue in 2025 and is one pace to do $250k+ in 2026 -- making it one of the highest-rated short-term rental properties on the entire island.This isn't your average beach house. It includes 3 standalone units, all fully renovated and furnished:Bungalow 1: 2 bedroom/2 bath with a large, open floor plan kitchen and living room, screened in side porch, large front deck with hot tub and ocean view.Bungalow 2: Perfectly laid out studio unit with outdoor space on both sides, including a hot tub and outdoor shower on one side and a lounge area on the other.Bugalow 3: 4 bedroom/4 FULL bath property with 3 ensuite bedrooms, large kitchen area, breezeway separating the two wings and a private deck area with hot tub.Since 2023, this collection of charming coastal bungalows has been completely transformed into a polished, guest-ready micro resort. Every unit was redesigned from the ground up, interiors brightened and refreshed, exteriors freshly painted, and the outdoor spaces elevated with three brand new hot tubs, three outdoor showers, a fire pit, and all-new landscaping. The result? A property that practically runs itself and keeps guests coming back.All furniture included. Just show up and start collecting checks.And it gets sweeter -- those three separate lots each have the potential to support a duplex, giving a savvy developer a serious runway for future upside. Whether you're someone looking to live at the beach for free by living in one unit while the others pay your mortgage, a seasoned investor adding a proven performer to your portfolio, or a developer with an eye on what this land could become -- this one checks every box.Turnkey. Cash-flowing. Irreplaceable. Here's your chance to own Kure Beach's finest micro resort.Listing agent is one of the owners of the property.

636 & 644 S Third Avenue | MLS# 100565968

This single family home located at 636 & 644 S Third Avenue, Kure Beach, NC 28449 is currently listed for sale with an asking price of $1,950,000. This property was built in 1940 and has 7 bedrooms and 7 full baths with 3618 sq. ft. & 644 S Third Avenue is located within the New Hanover school district. Search Kure Beach real estate on jonathansmith.century21thomas.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Wall/Window Unit(s), Ceiling Fan(s)2,He
Heating: Heat Pump, Electric, Forced Air
Lot Size: 0.36 Acres
Roof Type: Metal
Stories: 1.0
Year Built: 1940

Amenities

Master Downstairs
Vaulted Ceiling(s)
Solid Surface
Bookcases
Kitchen Island
Ceiling Fan(s)
Furnished
Hot Tub
Pantry
Walk-in Shower
Blinds/Shades
Eat-in Kitchen
Outdoor Shower

Feature Descriptions

Days on Site: 8
Exterior: Wood Siding, Wood Frame
Flooring: LVT/LVP, Tile, Hardwood
Furnished: Yes
Laundry: Laundry Closet
Lot: Corner Lot, Landscaped
Lot Dimensions: Irregular
Parcel#: R09405-009-020-000
Parking: Off Street
Parking Notes: Off Street
Patio/Porch: Deck, Porch, Screened
Sewer: Municipal Sewer
Special View Info: Ocean, Water
Utilities: Cable Available, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Ashley
Middle School: Murray
Elementary School: Carolina Beach
School District: New Hanover

Listed By / Shown By

Listed By

Agency Name: Fathom Realty NC LLC
Agency Phone: 888-455-6040

Shown By

Agent Name: Jonathan Smith
Agent Phone: (843) 273-3541
Agency Title: CENTURY 21 Thomas

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Estimated Payment

$ 4,908.60 per month $4,339.85 Principal & Interest $0.00 Property Tax (data not provided by mls) $568.75 Homeowner's Insurance

Change Payment Information

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