Do I need a real estate agent to buy a home in Wilmington NC?

While not legally required, working with a local buyer's agent costs you nothing as a buyer in North Carolina — the seller typically covers both agent commissions. Given the complexity of contracts, due diligence periods, and local market nuance, having an experienced Wilmington real estate agent on your side is strongly advisable. Contact our team to speak with one of our agents before you begin your search.

How long does it take to buy a home in Wilmington NC?

From accepted offer to closing, most transactions in North Carolina close within 30 to 45 days. The due diligence period — during which inspections, financing, and negotiations occur — typically runs two to three weeks. Finding the right property can take anywhere from a few weeks to a few months depending on your criteria and current market conditions.

What is the due diligence fee in North Carolina?

North Carolina uses a unique due diligence system where buyers pay a non-refundable fee directly to the seller in exchange for an agreed period to inspect the property and conduct their research. The amount is negotiable and varies by property value and market conditions. Your Wilmington Realty agent will advise you on what is appropriate for any specific offer.

Can I buy a property and have Wilmington Realty manage it for me?

Yes — this is one of our most common arrangements. Our sales agents assist with the purchase, and once you close, our property management team takes over immediately. You have one point of contact for the full lifecycle of your investment.

How do I get a free home valuation in Wilmington NC?

You can request a free, no-obligation home valuation using the form on this page or by calling Wilmington Realty directly at (910) 477-2447. One of our agents will review comparable sales in your area and provide a realistic market value assessment, typically within 48 hours.

What areas does Wilmington Realty serve for real estate sales?

Wilmington Realty serves the greater Wilmington NC area including all of New Hanover County (Wilmington, Wrightsville Beach, Downtown Wilmington, Historic District, Porter's Neck, Monkey Junction, Kings Grant, Ogden, Castle Hayne, Myrtle Grove, and more), Brunswick County (particularly Leland), and Pender County (including Hampstead).

Why use Wilmington Realty to sell my investment property?

Wilmington Realty's unique position as both a property management company and a real estate brokerage means we have an established pool of investors actively looking to purchase rental properties. We can often match sellers with buyers from within our own inventory, resulting in faster sales, fewer days on market, and smoother tenant transitions.

5407 OCEAN Drive, Emerald Isle, NC 28594 (MLS# 11104349)

Your search results

$1,400,000

5407 OCEAN Drive
Emerald Isle, NC 28594
MLS# 11104349
Status: Closed
8 beds | 6 baths | 4020 sqft

1 / 42

Property Description
OCEAN FRONT! GREAT VIEWS! 8 BEDROOMS, 6 BATHS, GAME ROOM WITH KITCHENETTE, OCEAN FRONT HOT TUB AND HEATED POOL, GAZEBO, LANDSCAPED, BEAUTIFULLY FURNISHED, WHO COULD ASK FOR MORE? LOCATED IN GREAT AREA OF EMERALD ISLE. CONSIST HIGH RENTAL INCOME YEAR AFTER YEAR. 4 OCEAN FRONT BEDROOMS.

Details

Maps

Building/Ext Features

ud_i_08: 1

Property Interior Info

Total SqFt - Heated (Primary + Separate): 4020

# Baths - Full: 6

# Baths - Total: 6

Stories: 3

Fireplace Y/N: Yes

SqFt - Heated (Primary): 4020

# Bedrooms: 8

Contract Info

Sub-Type: Single Family Residence

List Price/SqFt: 385.57

Status: Closed

Marketing Start Date: 2011-10-22

Listing Price: 1550000

Current Price: $1,400,000

Location Information

Marketing City: Emerald Isle

Secondary Subdivision: N/A

Street #: 5407

Street Name: OCEAN

Street Suffix: Drive

County: Carteret

State/Province: NC

Zip Code: 28594

Subdivision: Not In Subdivision

Geo Lat: 34.670741

Geo Lon: -76.986915

Remarks and Showing

Sign on Property: Yes

Directions to Property: HWY 58(EMERALD DR) TO CEDAR TREE. TURN TO OCEAN. TURN RIGHT ON OCEAN. PROPERTY ON OCEAN FRONT.

Property Exterior Info

New Construction: No

Lot Acres: 0.34

Lot Dimensions: 75 X 200 X 75 X 200

Lot SqFt: 14810.4

Waterfront: Yes

Waterview: Yes

Location Type: Island

Legal & Taxes

Total Real Estate Property Taxes: 6280

Deed Book: 1056

Deed Page: 20

Legal: L4 B22 EMERALD ISLE

Tax Identifier: 630419511156000

Tax Year: 2010

Garage & Parking

None: 1

Parking Features

Paved: 1

HOA

Association Fee 1/Year: 0

Frontage Type

Oceanfront: 1

Handicap Accessible

Accessible Full Bath: 1

View Type

Ocean: 1

Water: 1

Lot Water Features

Deeded Water Access: 1

Ocean Side: 1

Terms

Cash: 1

Conventional: 1

Fencing

Vinyl: 1

Foundation

Pilings: 1

Flooring

Carpet: 1

Tile: 1

Patio and Porch Features

Deck: 1

Roof

Shingle: 1

Levels

3 Story or More: 1

Road Type/Frontage

Public (City/Cty/St): 1

Heated SqFt

4000 - 4499: 1

Heating

Heat Pump: 1

Utilities

Water Available: 1

Sewer

Septic Tank: 1

Water Source

Municipal Water: 1

Appliances/Equip

Built-In Microwave: 1

Dishwasher: 1

Dryer: 1

Electric Oven: 1

Refrigerator: 1

Washer: 1

Interior Features

Ceiling Fan(s): 1

Elevator: 1

Furnished: 1

Dining Room Type

Combination: 1

Kitchen: 1

Other Structures

Shower: 1

Legal Taxes

Year Built: 2004

Status Change Info

Under Contract Date: 2012-01-03

Sold Price: $1,400,000

Sold Date: 2012-01-12

Property Features

Frontage Type: Oceanfront

Handicap Accessible: Accessible Full Bath

View Type: Ocean; Water

Fencing: Vinyl

Foundation: Pilings

Parking Features: Paved

Patio and Porch Features: Deck

Roof: Shingle

Levels: 3 Story or More

Lot Water Features: Deeded Water Access; Ocean Side

Heating: Heat Pump

Utilities: Water Available

Sewer: Septic Tank

Water Source: Municipal Water

Flooring: Carpet; Tile

Interior Features: Ceiling Fan(s); Elevator; Furnished

Heated SqFt: 4000 - 4499

Dining Room Type: Combination; Kitchen

Other Structures: Shower

Terms: Cash; Conventional

IDX

Listing Office: Emerald Isle Realty

Last Updated: August - 29 - 2024

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

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