5515 E Pelican DR Oak Island, NC 28465 Price Dropped by $51K

UPDATED: 03/15/2026 08:00 PM ON MARKET: 63 days on market

$1,049,000

4 Beds4 Baths2,747 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,747 sqft

Price per Sqft $381

Subdivision Not In Subdivision

MLS Listing ID 100549252

Style Wood Frame

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 2025

Lot Size 7,492 Sqft

Acres 0.17

Lot Dimensions 50x150

Property Sub-Type Single Family Residence

Source Hive MLS

Location

State NC

County Brunswick

Community Not In Subdivision

Zoning Ok-R-7

Direction From E Oak Island Dr, take SE 58th St to right on E Pelican Dr to house on left.

Rooms

Primary Bedroom Level Non Primary Living Area

Interior

Interior Features Walk-in Closet(s),Tray Ceiling(s),High Ceilings,Mud Room,Solid Surface,Kitchen Island,Elevator,Ceiling Fan(s),Pantry,Walk-in Shower,Walk-In Closet(s)

Heating Electric,Heat Pump

Cooling Central Air

Flooring LVT/LVP,Tile

Appliance Electric Cooktop,Built-In Microwave,Dishwasher

Laundry Dryer Hookup,Washer Hookup,Laundry Room

Exterior

Parking Features Off Street,On Site

Utilities Available Sewer Available,Water Available

Amenities Available See Remarks

Waterfront Description Third Row

View Ocean,See Remarks,Water

Roof Type Metal

Accessibility Accessible Elevator Installed

Porch Covered,Porch

Building

Lot Description Third Row

Entry Level Two

Foundation Other,Pilings

Water Public

New Construction Yes

Schools

Elementary Schools Southport

Middle Schools South Brunswick

High Schools South Brunswick

Others

Tax ID 250ae008

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard

Property Description

Incredible opportunity to own a coastal home with amazing value—listed below a recent seller-obtained appraisal, offering instant equity. Just 0.2 miles from the beach, this McCullough Construction, Inc. piling home features 2,747 sq. ft., two primary suites, soaring ceilings, open living spaces, an impressive kitchen with quartz countertops and large island, premium appliances, expansive porches, three-story elevator, slat-sided carport, generous storage, and a standing seam metal roof.

Built by the father-son duo, Chad and Ethan McCullough, this home showcases their legacy of expert craftsmanship combined with fresh, innovative designs. Imagine waking up in a sunlit primary suite, enjoying your private retreat, or gathering in bright, open living areas designed for comfort, entertaining, and everyday life. Can you picture evenings on the porch as the sun sets over Oak Island, soaking in the coastal breeze and serene surroundings?

Designed for flexibility and lifestyle, the home offers two luxurious primary suites, additional bedrooms with private baths, and open spaces that flow seamlessly for family life or entertaining. Expansive covered porches and outdoor areas create perfect spots for morning coffee, sunset cocktails, or simply enjoying quiet coastal moments.

The ground level provides a slat-sided carport, generous storage, and effortless access via a three-story elevator, combining practicality with thoughtful design. Every detail reflects McCullough's commitment to quality, from the solid construction to low-maintenance finishes built to last.

Located just steps from Oak Island's beaches, marinas, boat ramps, dining, and shopping, this home is ideal for a private retreat or high-demand vacation rental. Why settle for ordinary when you can own coastal elegance, prime location, and instant equity all in one exceptional home?

This is more than a home—it's a rare opportunity to enjoy, invest, and live the best of Oak Island in style.