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

$1,950,000
7
BD
7
BA
3,618
SqFt

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List Price
$1,950,000
Status
ACTIVE
Days on Market
109
MLS#
100565968
Subtype
Residential
Year Built
1940
Bedrooms
7
Bathrooms
7
Full Baths
7
Living Area
3,618
Lot Size
15,682
Acres
0.36
Subdivision
Not In Subdivision
Neighborhood
Not In Subdivision

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.

Additional Information

Amenities
None
Interior Features
Master Downstairs, Vaulted/Cathedral Ceilings, Solid Surface Counter, Bookcases, Kitchen Island, Ceiling Fans, Furnished, Hot Tub, Pantry, Walk-In Shower, Drapes/Blinds, Eat-In Kitchen
Exterior Features
Outdoor Shower
Zoning
RA-2
Flooring
Vinyl, Tile, Hardwood
Heating
Heat Pump, Electric, Forced Air
Air Conditioning
Central Air, Window/Wall, Heat Pump
Levels
One
Roof
Metal
Foundation
Crawl Space
Parking Features
Off Street
School District
New Hanover
Elementary School
Carolina Beach
Middle School
Murray
High School
Ashley
View
Ocean, Water

Listing courtesy of Listing Agent: Travis Sherry () from Listing Office: Fathom Realty NC LLC.

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