73$2,535,000
7 bd · 7 ba · 3,819 sqft
500 Canal Drive, Carolina Beach, NC
Tidal Realty Partners · REAL Broker LLC
Est. $18,143/mo$569/sqft · 111 days on Realty
6
Beds
5
Baths
5,186
Sqft
1948
Built
Unique Investment Opportunity in Carolina Beach One of the only true multi-family properties available in Carolina Beach, this exceptional 7-unit income-producing property is being offered Fully Furnished and Turn Key! Perfectly positioned on the 2nd row, just steps from the beach and within walking distance to the Carolina Beach Boardwalk, restaurants, bars, and local entertainment. This rare turnkey investment offers strong rental income potential while also providing the flexibility to reserve one of the units as a personal beach retreat. This is more than just a property--it's an exceptionally rare opportunity to own one of the most successful and recognized multi-family vacation rental investments on Pleasure Island. With a proven track record in the short-term rental community, this property has consistently performed among the top 1% of listings in the area, earning a loyal following of repeat guests year after year who return specifically for the unique experience and unbeatable location this property offers. The property features two buildings: Front Building: 4 units Three 1-bedroom / 1-bath units One 2-bedroom Loft / 1-bath unit Back Building: 3 units Two 1-bedroom / 1-bath units One spacious 2-bedroom Penthouse Suite featuring ocean and Intracoastal Waterway views The newly constructed rear building includes three large units, highlighted by the impressive penthouse suite. The original front building has been tastefully appointed while preserving its classic beach charm and character. Each fully furnished unit includes: Private full kitchen Inviting indoor living spaces Exceptional outdoor entertainment areas A communal atmosphere guests love Whether you're looking to expand your investment portfolio, operate a high-performing vacation rental property, or secure a one-of-a-kind coastal asset with personal-use flexibility, this property delivers unmatched value and location. Walk to the beach just across the street and enjoy everything Carolina Beach has to offer. Opportunities like this are incredibly rare.
Listing agent
White Singh & Associates
Courtesy of Coldwell Banker Sea Coast Advantage-CB
Hive MLS (North Carolina Regional) · Listing 100577695
Hive MLS (North Carolina Regional)Courtesy of Coldwell Banker Sea Coast Advantage-CB
Listing agent: White Singh & Associates · Listing 100577695
$590,000
Estimated monthly payment
$18,143/mo
Loan amount $2,360,000. Estimate only — your actual rate and payment depend on credit, location, and lender.
2025 roll
Within 2 miles of this home: 40+ restaurants and cafés, 2 grocery stores, and 9 parks and green spaces.
Place data from OpenStreetMap.
Domino's
North Lake Park Boulevard
The Last Resort
North Lake Park Boulevard
Ida Thai Cuisine
Thai restaurant · North Lake Park Boulevard
Jersey Mike's Subs
North Lake Park Boulevard
Soul Flavor
North Lake Park Boulevard
Island Burgers & Bites
Carl Winner Drive
Gulfstream Restaurant
Myrtle Avenue
Salt Fish Restaurant and Tiki Bar
North Lake Park Boulevard
Publix
Lake Park Boulevard North
Food Lion
North Lake Park Boulevard
Wilson-Street Mini Park
Carolina Beach Lake Park
Carolina Lake
Mike Chappell Park
Lily Pond
Cypress Pond
Grass Pond
Snow's Cut Park
This content last refreshed on 2026-09-17 13:21:52 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Hive MLS (North Carolina Regional)School ratings (A+ to F) from HJN community data.
Carolina Beach Elementary School
KG-5 · Regular · New Hanover County Schools
383 students · 14.2:1 student–teacher
Edwin A Anderson Elementary School
KG-5 · Regular · New Hanover County Schools
514 students · 13.2:1 student–teacher
Charles P. Murray Middle School
6-8 · Regular · New Hanover County Schools
907 students · 17.6:1 student–teacher
Eugene Ashley High School
9-12 · Regular · New Hanover County Schools
1,893 students · 20.0:1 student–teacher
Island Montessori Charter School
KG-8 · Regular · Island Montessori Charter
220 students · 11.6:1 student–teacher