🌊 Multiple Six Figures in Revenue from This 10-Bedroom Oceanfront STR
🏖️ $4.685M for an Ocean Isle Beach rental that sleeps 39—with a heated saltwater pool, private beach access, elevator, and additional wedding & event revenue.
Alex Veytsman
August 22, 2026
🌊 Multiple Six Figures in Revenue from a 10-Bedroom Oceanfront STR
🏖️ $4.685M • Ocean Isle Beach • 10 Bedrooms • 8 Full Bath 2 Half Bath • 5,390 Sq Ft • Sleeps 39 • Heated Saltwater Pool + Spa • Elevator • Private Beach Access • Wedding & Event Revenue
📩 Interested in this property?
👉 Contact Kristen Lueck at
📱919-434-1302
🚨 This Is Basically a Private Oceanfront Resort
There are vacation rentals—and then there are properties specifically built to handle 39 guests, weddings, family reunions, and large-group beach trips.
This is the latter.
Offered at $4,685,000, this newer-construction Ocean Isle Beach property sits directly on the Atlantic and reportedly generates multiple six figures in annual rental income.
The scale is unusual: 10 bedrooms, 8 full bathrooms and 2 half bathrooms, more than 5,000 square feet, elevator access to every floor, a heated saltwater pool and spa, and sleeping capacity for up to 39 guests.
Then there's an entirely separate revenue angle.
The property is frequently rented for weddings and events and conveys with the tables, chairs, cocktail tables, banquet tables, and storage equipment needed to continue hosting them.
This isn't just an oceanfront home that happens to rent.
It's a purpose-built hospitality asset disguised as a very large beach house.
📩 Interested?
👉 Contact Kristen Lueck at
📱919-434-1302
🏡 The Asset
387 W First St
Ocean Isle Beach, NC 28469
💰 Offered at: $4,685,000
🛏️ 10 Bedrooms
🚿 8 Full + 2 Half Bathrooms
📐 5,390 Sq Ft
👨👩👧👦 Sleeps Up to 39 Guests
💰 Multiple Six Figures in Annual Rental Income
🌊 Direct Oceanfront
🏖️ Private Beach Walkover
🏊 Heated Saltwater Pool
♨️ Spa
🛗 Elevator Access to Every Floor
♿ Handicap-Accessible Design
🍹 14-Foot Outdoor Bar
🍳 Outdoor Kitchen
🔥 Two Gas Grills
🌴 Artificial Turf + Mature Palms
👰 Wedding & Event Business
🧺 Two Laundry Rooms
🌅 Expansive Oceanfront Decks
The combination of scale, direct oceanfront access, large-group capacity, and event infrastructure is what makes this one different.
💰 Multiple Six Figures in Annual Rental Income
The property is described as generating multiple six figures in annual rental income.
We don't have a specific trailing-12-month revenue figure provided here, so we wouldn't underwrite a more precise number without seeing the statements.
But the revenue story makes intuitive sense when you look at what this property can sell to guests.
It's not competing for the typical four-bedroom family beach trip.
It can accommodate:
👨👩👧👦 Multi-generational vacations
👰 Weddings
🎉 Events
🏖️ Large family reunions
👯 Multiple-family trips
🏢 Retreats and large groups
And with capacity for up to 39 guests, the economics of a single booking can look very different from those of a traditional vacation home.
For a serious buyer, we'd want the full monthly rental history, event revenue, ADR, occupancy, operating expenses, forward bookings, and channel mix.
🌊 Direct Oceanfront—Not "Near the Beach"
At this price point, the underlying real estate matters just as much as the rental operation.
And here, you're buying direct oceanfront on Ocean Isle Beach.
The home has a private beach walkover, meaning guests can go from the house to the sand without getting in a car or hauling beach gear down the street.
That's a meaningful distinction.
There are amenities you can add to an STR after closing.
Oceanfront isn't one of them.
🏖️ The Coveted West End
The property is positioned on the highly desirable west end of Ocean Isle Beach, giving guests a combination that's particularly difficult to replicate:
Beachfront privacy + walkability.
Guests can leave the car at the house and walk around the corner to dining, including Le Volte.
That matters for guest experience.
A large group can spend the day on the beach, come back to the pool, get cleaned up, and head to dinner without coordinating a 10-car motorcade.
For a property designed around groups, convenience at that scale matters.
🏊 The Backyard Is a Resort
Then you get to the oceanfront outdoor area.
The centerpiece is a:
Heated Saltwater Pool + Spa
But the sellers didn't stop there.
The outdoor entertaining setup also includes:
🍹 14-foot bar
🍳 Outdoor kitchen
🔥 Two gas grills
📺 Entertainment center
🌴 Mature palms
🌱 Low-maintenance artificial turf
🏖️ Private beach access
🌊 Atlantic Ocean a few steps away
For an STR, this creates something important:
Guests don't need to leave the property to have a vacation.
Beach in the morning.
Pool in the afternoon.
Dinner outside.
Drinks at the bar.
Then back to the beach.
That's a compelling listing-photo sequence.
👰 The Second Business: Weddings & Events
This is where the property gets particularly interesting.
In addition to traditional vacation rentals, the home is frequently rented for weddings and events.
And it's being sold with the infrastructure to support them.
The turnkey event inventory includes:
🪑 80 wedding chairs
🍽️ Ten 60-inch round dining tables
🥂 Six 30-inch cocktail tables
🍴 Three 8-foot banquet tables
🛒 Rolling storage carts
That's not just some extra furniture sitting in a garage.
It's infrastructure that allows a future owner to potentially continue marketing the property to a completely different—and potentially lucrative—guest segment.
💡 Two Revenue Streams Under One Roof
That's one of our favorite parts of the investment thesis.
A typical luxury beach house is primarily monetized through overnight stays.
Here, you potentially have:
🏖️ Vacation Rental Revenue
Plus
💍 Wedding & Event Revenue
Those businesses overlap nicely.
A wedding party doesn't simply need an event venue.
They also need somewhere to sleep.
And when your venue sleeps up to 39 people, you're potentially capturing both sides of the transaction.
We'd want the seller to break out historical event revenue separately so a buyer can understand exactly how much events have contributed to total performance.
👨👩👧👦 Sleeps 39
This number deserves its own section.
39 Guests.
That kind of capacity puts the property into a much narrower competitive set.
It also explains some of the design decisions throughout the home.
You don't build a kitchen with an 8-burner range and double ovens because two people occasionally want pancakes.
You build it because there might be 30 people waiting for breakfast.
👨🍳 A Kitchen Designed for a Small Army
The chef's kitchen is built around high-occupancy stays.
It includes:
🧊 Side-by-side refrigerator and full-size freezer
🚰 Dual sinks
🔥 Double ovens
👨🍳 8-burner range
🧊 Beverage station with ice maker
🔪 Significant prep space
For a traditional house, that might feel excessive.
For a property sleeping 39 guests and hosting weddings?
It makes perfect sense.
🛗 Elevator Access to Every Floor
There's another practical feature that's easy to overlook:
The elevator serves every floor.
The property also incorporates handicap-accessible design.
That's useful for a luxury rental in general, but particularly important when you're marketing to multi-generational groups and weddings.
Grandparents, guests with mobility limitations, luggage, groceries, wedding supplies—moving 39 people's worth of stuff through a multi-story beach house is considerably easier when there's an elevator.
It's not the sexiest amenity in the Airbnb photos.
It may be one of the most useful.
🌅 Sunrise AND Sunset
Ocean Isle Beach's south-facing shoreline creates another unusual feature.
The expansive oceanfront decks can capture sunrise over the Atlantic and evening sunsets.
For a property where the view is a significant part of what guests are paying for, those decks become valuable living space.
Morning coffee.
Afternoon drinks.
Wedding photos.
Sunset dinners.
The house is designed to keep the ocean in view rather than merely providing access to it.
🧺 Two Laundry Rooms
Two laundry rooms aren't going to sell many vacation stays.
But if you're operating a property that sleeps 39 people, they're a very good indication that somebody thought about operations.
At this scale, turnovers are closer to hospitality operations than casually resetting a second home between Airbnb guests.
The second laundry room provides additional capacity for linens, towels, extended stays, and high-occupancy groups.
It's another detail that reinforces the idea that this property was built to rent at scale.
📈 The Investment Story
Here's how we'd frame it:
🏡 Asking Price: $4,685,000
💰 Revenue: Multiple Six Figures Annually
🛏️ Bedrooms: 10
🚿 Bathrooms: 8 Full and 2 Half
👥 Maximum Guest Capacity: 39
📐 Living Space: 5,390 Sq Ft
🌊 Oceanfront: Yes
🏊 Heated Pool + Spa: Yes
💍 Wedding/Event Revenue: Yes
🛗 Elevator: Yes
🏖️ Private Beach Walkover: Yes
🍹 Outdoor Bar + Kitchen: Yes
The important thing here is that you're not buying a $4.685M house and hoping somebody figures out how to monetize it.
You're acquiring an existing high-end vacation rental with multiple six figures of reported annual income and a second event-oriented use case already established.
🏡 There's a Legacy-Property Angle, Too
This is also one of those properties where the personal-use story is difficult to ignore.
A buyer could potentially use it as:
💰 Full-time vacation rental
💍 Vacation rental + event property
🏖️ Luxury second home
👨👩👧👦 Multi-generational family beach house
🔄 1031 exchange acquisition
🔀 Hybrid personal-use + rental property
Ten bedrooms and accommodations for 39 people mean the whole extended family can come.
Whether that's a feature or a warning depends entirely on your family.
💸 Financing & Tax Angle
A $4.685M income-producing oceanfront property can open up several financing considerations, particularly for a buyer approaching it as an investment rather than a traditional second home.
Potential structures may include:
✔ DSCR financing
✔ Conventional investment financing
✔ Portfolio lending
✔ Second-home financing, depending on intended use and lender requirements
✔ 1031 exchange acquisition
Given the purchase price and unusual operating profile, we'd compare structures carefully rather than assuming a traditional mortgage is automatically the best fit.
🧾 Don't Forget Cost Segregation
For qualifying STR investors, a property of this size and price may also make cost segregation particularly worth discussing with a CPA or tax professional.
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Depending on the purchase allocation, investor's tax situation, participation requirements, property use, and current tax law, cost segregation may allow qualifying owners to accelerate portions of the property's depreciation.
On a $4.685M acquisition, that's something we'd at least have modeled before closing.
As always, tax treatment is highly buyer-specific, so don't underwrite a tax benefit until your CPA or qualified tax professional confirms how the rules apply to you.
🎯 Why This One Stands Out
1. 🌊 It's Direct Oceanfront
Not ocean-view. Not three blocks from the beach. Direct oceanfront with a private beach walkover.
2. 👥 It Sleeps 39
Ten bedrooms and accommodations for up to 39 guests put this home into a very different rental category from the typical beach house.
3. 💰 Multiple Six Figures in Existing Revenue
This isn't an untested luxury home with an optimistic projection attached. It's already operating as a high-end vacation rental.
4. 💍 Weddings Create Another Revenue Opportunity
The home is already used for weddings and events—and conveys with 80 chairs, dining tables, cocktail tables, banquet tables, and storage carts to support that business.
5. 🏊 The Amenity Package Is Serious
Heated saltwater pool. Spa. Elevator. Outdoor kitchen. 14-foot bar. Private beach access. Multiple oceanfront decks.
It's effectively a small private resort.
⚡ Bottom Line
At $4.685M, this isn't going to be the STR for everyone.
But that's also the point.
You're getting a 10-bedroom, 8-full and 2-half bath, 5,390-square-foot direct-oceanfront property that sleeps up to 39 guests and already generates multiple six figures in annual rental income.
Then add the second business hiding in plain sight:
Weddings and events.
The home comes with the infrastructure to host them, while the heated saltwater pool, spa, elevator, enormous outdoor entertainment setup, private beach walkover, and large-group kitchen make the property unusually well equipped for high-occupancy stays.
At this price point, we'd want to see detailed financials before drawing conclusions about returns.
But as an underlying asset?
A newer-construction, purpose-built, high-capacity oceanfront STR on Ocean Isle Beach with an established event business is not something you see every day.
For an investor looking for a trophy vacation rental, 1031 exchange target, or legacy beach property that also produces meaningful income, this is worth a closer look.
📲 Express Interest
Interested in the financials, rental history, or additional details?
Kristen Lueck
📱 919-434-1302
