🏖️ A Fully Renovated Carolina Beach STR with Two Separate Living Spaces

🌊 $1.295M • 6 Bedrooms • 4 Bathrooms • 2,607 Sq Ft • Blocks from the Beach • Fully Renovated • Separate Lower-Level Living Space With Private Access • Two Kitchens • Separate Private Backyard / Patio Spaces for Each Unit • Walkable Location • Built-In Rental Income

📩 Interested in this property?

Kristen Lueck

📱 919-434-1302
📧 [email protected]

🚨 Live Upstairs. Rent Downstairs. Rent the Whole Thing. Or Just Keep It for Beach Weekends.

This one has something we really like in a vacation property:

Optionality.

Offered at $1,295,000, this fully renovated Carolina Beach home sits just blocks from the sand and is configured with two functional private living spaces, giving the next owner several ways to use it.

The main portion of the home delivers the polished coastal experience you'd expect at this price point, while the lower level has its own private entrance, full kitchen, living area, two bedrooms, full bathroom, and patio.

That creates an interesting setup for someone who wants a Carolina Beach second home but also likes the idea of generating rental income.

Use the whole property yourself.

Rent it when you're gone.

Or explore whether the separate living spaces can give you additional flexibility.

And unlike plenty of beach properties where the first year of ownership comes with a renovation punch list, this one has already had the work done.

📩 Interested?

Contact Kristen Lueck at [email protected] or 919-434-1302.

🏡 The Asset

305 Sumter Ave

Carolina Beach, NC 28428

💰 Offered at: $1,295,000

🛏️ 6 Bedrooms

🚿 4 Bathrooms

📐 2,607 Sq Ft

🏖️ Blocks from the Beach

🚶 Walkable to Spartanburg Beach Access

🌊 Near Carolina Beach Lake

🍅 Walkable to the Weekly Farmers Market

🔨 Fully Renovated

🍳 Two Kitchen Areas

🏡 Separate Lower-Level Living Space

🚪 Private Lower-Level Entrance

🌴 Private Primary-Suite Balcony

🔥 Custom Outdoor Fire Pit

🚿 Outdoor Shower

❄️ Two New HVAC Systems

💧 New Water Heaters

🏠 Fiber Cement Siding

The pitch here isn't simply "buy a house near the beach."

It's buy a renovated coastal property with built-in flexibility for personal use and rental income.

💰 The Investment Story

One important note up front:

The listing describes the home as having built-in rental income and additional income potential, but it does not provide historical annual gross revenue.

So we're not going to invent a $100K, $150K, or $200K revenue number and pretend it's underwriting.

For a serious investor, the first thing we'd request is the property's actual rental history.

What is compelling from the information provided is the physical setup.

You've got a renovated Carolina Beach property close to the sand with a lower level that can function independently.

That's where the optionality comes from.

🏠 Two Living Spaces Under One Roof

This may be the most interesting feature from an investment perspective.

The lower level stands on its own with:

🚪 Private entrance

🍳 Full kitchen

🛋️ Living area

🛏️ Two bedrooms

🚿 Full bathroom

🌴 Private back patio

🧺 Laundry access

That potentially gives an owner considerably more flexibility than a traditional single-layout beach house.

Depending on applicable STR regulations, permitting, and how the property is legally configured, a buyer could investigate different rental and personal-use strategies.

For example, the owner might want to enjoy part of the property while generating income from another portion—or simply use the separate space for extended family and guests.

We'd verify exactly what's permitted before underwriting any split-rental strategy.

🏖️ Just Blocks from the Sand

For beach STRs, location can compensate for a lot.

And this home is positioned in a particularly walkable pocket of Carolina Beach.

It's a short stroll to:

🏖️ Spartanburg beach access

🌊 Carolina Beach Lake

🍅 Weekly Farmers Market

That means guests can arrive, park, and spend much of the trip exploring on foot.

And unlike a property that needs a golf cart or car ride every time someone wants to see the ocean, the beach is part of the immediate neighborhood experience.

That's a meaningful advantage for both personal use and vacation-rental appeal.

🔨 Somebody Else Already Did the Renovation

One of the easiest ways to turn a "great deal" into an expensive beach house is to buy something that immediately needs six figures of work.

Here, much of that work appears to have already been addressed.

The property has been fully renovated, blending some of the original character with modern materials and finishes.

Updates and features include:

🏠 New fiber cement siding

❄️ Two new HVAC systems

💧 New water heaters

🪵 Updated LVP flooring

🧱 Tile flooring

🍳 New kitchen appliances

🚪 Soft-close cabinetry

💡 Under-cabinet lighting

🪚 Custom trim work

🌴 Trex decking

🪜 Custom aluminum staircase

The metal roof was also completed prior to the current ownership.

That's a substantial list of improvements for the next owner to inherit.

🧱 Original Shiplap Meets a Modern Beach Renovation

We like that the renovation didn't completely erase the home's coastal personality.

Original shiplap remains incorporated into the design, paired with newer LVP and tile flooring.

The result is a house that still feels like it belongs at the beach without leaning too heavily into seashell signs and decorative anchors.

The main kitchen continues that balance.

It includes:

🍳 New appliances

🚪 Soft-close cabinetry

💡 Under-cabinet lighting

🪵 Open shelving

🍽️ Custom-made dining table

The custom dining table anchors the main gathering space and gives larger groups somewhere to actually sit together—an underrated feature in vacation rentals.

🛏️ A Primary Suite That Feels Like a Vacation

Upstairs, the primary suite is designed more like a retreat than simply another bedroom.

It includes:

👗 Large walk-in closet

🚿 Oversized walk-in shower

🌴 Private rear balcony

That balcony is exactly the kind of space we'd want in a second home.

Coffee before everyone wakes up.

A drink after the beach.

And, occasionally, five minutes where nobody asks you where their flip-flops are.

👨‍👩‍👧‍👦 Designed for Groups

The upper level also includes two spacious bunk rooms plus an additional guest bedroom, according to the listing description.

Combined with the flexible lower-level space, the property is designed around hosting family and guests rather than functioning as a small beach cottage.

That's important for vacation-rental appeal.

Groups tend to care about:

✔ Sleeping capacity

✔ Multiple bathrooms

✔ Places to gather

✔ Places to separate

✔ Outdoor space

✔ Beach proximity

This property checks a lot of those boxes.

🔥 The Backyard Is Built for Summer Nights

The outdoor space has also received substantial attention.

There's a:

🔥 Custom-built fire pit

🌴 New patio

📺 Covered patio wired for an outdoor TV

🏠 Custom storage shed

🚿 Outdoor shower

That last one is particularly useful at a beach property.

Anyone who has ever watched six people walk directly from the beach into a freshly cleaned house carrying approximately half of North Carolina's coastline on their feet understands why.

🧳 Storage Actually Matters at the Beach

There's also a large storage room designed to accommodate the stuff that inevitably comes with coastal ownership.

Think:

🏄 Beach equipment

🚲 Bikes

🏖️ Chairs

☂️ Umbrellas

🧸 Kids' gear

🎣 Fishing equipment

For a rental, that also gives an owner somewhere to keep supplies and operational equipment without sacrificing guest-facing space.

📈 The Investment Case

Here's what we know:

🏡 Asking Price: $1,295,000

🛏️ Bedrooms: 6

🚿 Bathrooms: 4

📐 Size: 2,607 Sq Ft

🏖️ Beach: Blocks Away

🏡 Separate Lower-Level Living Space: Yes

🍳 Full Lower-Level Kitchen: Yes

🚪 Private Lower-Level Entrance: Yes

🔨 Renovated: Yes

💰 Rental Income: Existing/Built-In, Amount Not Provided

That's the key caveat.

We'd want to see the actual revenue before evaluating this purely as an STR investment.

But the physical setup gives a buyer multiple ways to potentially generate income while preserving the personal-use benefits of owning a Carolina Beach home.

🌊 A Second Home That Can Help Pay for Itself

The hybrid-use case may ultimately be the strongest angle here.

A buyer could potentially use this as:

🏖️ Personal beach house

💰 Full-time vacation rental

🔀 Second home + part-time STR

👨‍👩‍👧‍👦 Multi-generational family property

🏡 Primary residence with flexible guest space

That flexibility is particularly valuable for someone who wants to own at Carolina Beach but doesn't necessarily want a property sitting empty whenever they're somewhere else.

💸 Financing & Tax Angle

At $1.295M, there may be several ways to approach financing depending on the buyer's intended use and the property's rental history.

👉 Explore STR financing options here.

Potential structures may include:

✔ Conventional investment financing

✔ DSCR financing

✔ Portfolio lending

✔ Second-home financing, subject to intended use and lender requirements

The right structure can vary substantially depending on whether the buyer plans to operate it primarily as an STR, use it personally, or pursue a hybrid strategy.

👉 See STR financing options and get matched with a lender here.

🎯 Why This One Stands Out

1. 🏖️ Blocks from the Beach

It's positioned within walking distance of the sand, Carolina Beach Lake, and the weekly Farmers Market.

2. 🏡 The Lower Level Creates Real Flexibility

Private entrance. Full kitchen. Living area. Two bedrooms. Full bath. Patio.

That gives an owner options a traditional beach-house floor plan doesn't.

3. 🔨 It's Already Renovated

Two new HVAC systems, new water heaters, fiber cement siding, updated flooring, renovated kitchens, Trex decking, and more mean much of the expensive work has already been addressed.

4. 🔥 Guests Get a Legitimate Outdoor Experience

Fire pit, patio, outdoor shower, covered area wired for a TV, and storage for beach gear.

5. 🔀 It Works as More Than Just an STR

The property could potentially function as a second home, primary residence, vacation rental, or hybrid-use property depending on the buyer's needs and applicable regulations.

⚡ Bottom Line

At $1.295M, this is a different investment story from the $100K+ revenue properties we often feature.

We haven't been given the historical gross revenue, so we're not going to pretend we know it.

What we do know is that you're getting a fully renovated four-bedroom Carolina Beach property just blocks from the sand with an unusually flexible two-living-space configuration.

The lower level has its own entrance, full kitchen, living area, two bedrooms, bathroom, and patio. The main portion of the home provides the polished coastal living experience, while the backyard adds a fire pit, patio, outdoor shower, and covered entertainment area.

For someone who wants a beach house they can use personally while potentially offsetting ownership costs with rental income, that setup is worth a closer look.

The next step is simple:

Get the rental statements and see what the numbers say.

📲 Express Interest

Interested in the rental history, financials, or additional property details?

Contact Kristen Lueck

📱 919-434-1302

📧 [email protected]