135 N Third Ave N · Kure Beach, NC 28449

$999,900

2 bd · 1.0 ba · 624 sqft · MultiFamily public records · 220 Days on market

Built 1986 5,009 sqft lot

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

Key facts

• Boho style triplex
• Updated finishes
• Outdoor seating

Tags

• BOHO STYLE TRIPLEX
• UPDATED FINISHES
• COZY FIREPIT LOUNGE
• GRILLING STATION
• OUTDOOR SEATING
• WALKING DISTANCE TO BEACH

Property features AI

Exterior

• Parking: Concrete assigned parking
• Utilities: Water connected
• Home design: Single-family residence; Residential property; Entry level: 1
• Construction: Concrete, block, brick, vinyl siding, and frame construction; Membrane roof; Shingle roof; Raised and slab foundation; Built on an irregular 0.12-acre lot; Zoned RA-2
• Exterior features: Deck; Partial fencing; Paved road access

Interior

• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Electric heating; Other heating; Wall/window air conditioning units
• Interior features: Furnished; 12 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath multifamily listed at $1000k.

Deal economics

• At list price, monthly cash flow is $-5k ($-59k/yr) — negative.
• To cash-flow at today's rent, offer at most $127k (87.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $115k (88.5% below list).
• Recommended offer: $115k (88.5% below list) — sets the bar for 1% rule.
• Cap rate 0.4% vs local median 2.1% in Kure Beach — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 65/100 on livability (#303 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A; Watch: health & safety D, amenities F, commute F.
• New Hanover County Schools (urban): math 48% / reading 53% proficiency, ranked #61 of 178 in NC (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Carolina Beach Elementary (math 55% / reading 59%, grade C+, #249 of 1,410 statewide, top 20%, 431 students, 32% FRL); Charles P Murray Middle (math 59% / reading 59%, grade B, #54 of 475 statewide, top 12%, 882 students, 34% FRL); Eugene Ashley High (math 48% / reading 68%, grade C, #243 of 535 statewide, top 46%, 1,975 students, 34% FRL).
• Market conditions: 92 active listings in the ZIP; 2,581 units permitted in New Hanover County in 2024 (1,185 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $30k of value loss. Plan a longer hold.
• New Hanover County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 220 days — a 12% lower offer ($880k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 11y ago; this cycle's ask has dropped $300k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $725k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,554 (88.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 220 days. Have you received any prior offers? Is the seller open to a 89% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.11% ✗
• Cap rate: 0.36%
• Cash-on-cash: -21.19%
• DSCR: 0.06
• GRM: 72.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -61.3%
• Equity multiple: -0.71×
• Total profit: $-477,520
• Equity at exit: $149,088

10-year hold

• IRR: —
• Equity multiple: -1.94×
• Total profit: $-823,827
• Equity at exit: $86,453

Cash invested: $279,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 28449

• Active inventory: 92
• Price-to-rent: 72.7×

Monthly cashflow live

• Estimated rent: $1,146 medium
• Mortgage (P&I): −$5,244
• Tax from tax record: −$188 /mo · $2,260/yr
• Insurance: −$417
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $-4,944

Break-even live

Break-even rent $7,403

Max offer price $126,598

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $249,975
• Closing costs: $29,997
• Reserves months: —
• Total cash needed: —

Listing history 41 events

1. 2026-06-18
   days on market $999,900 Active 220 DOM
2. 2026-06-17
   days on market $999,900 Active 219 DOM
3. 2026-06-16
   days on market $999,900 Active 218 DOM
4. 2026-06-15
   days on market $999,900 Active 217 DOM
5. 2026-06-14
   days on market $999,900 Active 215 DOM
6. 2026-06-13
   days on market $999,900 Active 214 DOM
7. 2026-06-10
   days on market $999,900 Active 212 DOM
8. 2026-06-09
   days on market $999,900 Active 211 DOM
9. 2026-06-08
   days on market $999,900 Active 210 DOM
10. 2026-06-07
    days on market $999,900 Active 209 DOM
11. 2026-06-05
    days on market $999,900 Active 206 DOM
12. 2026-06-03
    days on market $999,900 Active 205 DOM
13. 2026-06-03
    days on market $999,900 Active 204 DOM
14. 2026-05-31
    days on market $999,900 Active 202 DOM
15. 2026-05-30
    days on market $999,900 Active 201 DOM
16. 2026-04-09
    price $999,900 1338-char remark

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

17. 2026-04-09
    price $999,900

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

18. 2026-02-09
    price $1,100,000 1338-char remark

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

19. 2026-02-09
    price $1,100,000

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

20. 2025-12-04
    price $1,200,000 1338-char remark

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

21. 2025-12-04
    price $1,200,000

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

22. 2025-11-10
    listed $1,300,000 Active 1338-char remark

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

23. 2025-11-10
    listed $1,300,000 Active

    Show marketing remark (1338 chars)

    Discover coastal charm and effortless income with this beautifully designed boho-style triplex just moments from the sand and surf of Kure Beach. With chic black and white accents and a laid-back modern vibe, this property blends style, comfort, and strong rental performance. The front home features two bedrooms and one bath, offering bright and airy living spaces with updated finishes and boho-inspired décor that invite guests to relax and unwind. Behind the main home are a two-bedroom and one-bath and a one-bedroom, 1 bath dwelling, each offering privacy and charm that make them ideal for short-term guests or long-term tenants. Guests are drawn to the property's amazing common area, complete with a cozy firepit lounge, grilling station, and inviting outdoor seating—perfect for gathering after a day at the beach. With a proven gross rental income of over $100,000 per year, this triplex presents a turn-key investment opportunity for those seeking reliable returns or a personal coastal retreat that generates income. Ideally located within walking distance to the beach, local restaurants, and all the attractions that make Kure Beach so special, this property is perfect for investors, owner-occupants, or anyone looking to enjoy the relaxed coastal lifestyle with the added benefit of strong rental potential.

24. 2023-07-25
    soldstatus $725,000 Closed 1762-char remark

    Show marketing remark (1762 chars)

    Looking for an impossible to find income producing property multi-unit/multi-family investment opportunity with unbelievable future potential? Look no further! Located in Kure Beach just two blocks from both Downtown and the Kure Beach Pier, this SFR on stilted pilings and duplex provides a bit of everything for the right investor or even someone looking to live two blocks from the beach. This property brought in($90,000+ in 2021: please see attached rental history for more information) with a highly established guest base? Year-round management efforts maintain monthly renters during the off-season to ensure continued cashflow for the owners. All three units come fully furnished and are actively accepting summer vacation renters and guests. The SFR (unit 1) is a stick-built home on pilings with its own dedicated HVAC system. It is a two bed/one bath with a full kitchen, LVT flooring, updated furniture and electronics, and a large private covered deck, sunning space, and picnic area. Unit 2 (the left duplex) consists of a one bed/one bath suite along with an open kitchen and living room floor plan, updated electronics, and a HUGE shared outdoor deck space. Unit 3 (the right duplex) consists of a two bed/one bath suite including a large master bedroom with sliding glass doors and private access to the patio and deck space right outside. They are heated and cooled by a combination of window and wall units. All three units share a MASSIVE deck space complete with picnic tables, swings, an outdoor shower. Each unit comes with its own dedicated off-street parking space (or two!). If you're looking for a successful investment look no further! This opportunity will be ''gone-with-the-salty-wind'' so let us know if looking to make it yours!

25. 2023-07-25
    soldstatus $725,000

    Show marketing remark (1762 chars)

    Looking for an impossible to find income producing property multi-unit/multi-family investment opportunity with unbelievable future potential? Look no further! Located in Kure Beach just two blocks from both Downtown and the Kure Beach Pier, this SFR on stilted pilings and duplex provides a bit of everything for the right investor or even someone looking to live two blocks from the beach. This property brought in($90,000+ in 2021: please see attached rental history for more information) with a highly established guest base? Year-round management efforts maintain monthly renters during the off-season to ensure continued cashflow for the owners. All three units come fully furnished and are actively accepting summer vacation renters and guests. The SFR (unit 1) is a stick-built home on pilings with its own dedicated HVAC system. It is a two bed/one bath with a full kitchen, LVT flooring, updated furniture and electronics, and a large private covered deck, sunning space, and picnic area. Unit 2 (the left duplex) consists of a one bed/one bath suite along with an open kitchen and living room floor plan, updated electronics, and a HUGE shared outdoor deck space. Unit 3 (the right duplex) consists of a two bed/one bath suite including a large master bedroom with sliding glass doors and private access to the patio and deck space right outside. They are heated and cooled by a combination of window and wall units. All three units share a MASSIVE deck space complete with picnic tables, swings, an outdoor shower. Each unit comes with its own dedicated off-street parking space (or two!). If you're looking for a successful investment look no further! This opportunity will be ''gone-with-the-salty-wind'' so let us know if looking to make it yours!

26. 2023-04-22
    status Pending 1762-char remark

    Show marketing remark (1762 chars)

    Looking for an impossible to find income producing property multi-unit/multi-family investment opportunity with unbelievable future potential? Look no further! Located in Kure Beach just two blocks from both Downtown and the Kure Beach Pier, this SFR on stilted pilings and duplex provides a bit of everything for the right investor or even someone looking to live two blocks from the beach. This property brought in($90,000+ in 2021: please see attached rental history for more information) with a highly established guest base? Year-round management efforts maintain monthly renters during the off-season to ensure continued cashflow for the owners. All three units come fully furnished and are actively accepting summer vacation renters and guests. The SFR (unit 1) is a stick-built home on pilings with its own dedicated HVAC system. It is a two bed/one bath with a full kitchen, LVT flooring, updated furniture and electronics, and a large private covered deck, sunning space, and picnic area. Unit 2 (the left duplex) consists of a one bed/one bath suite along with an open kitchen and living room floor plan, updated electronics, and a HUGE shared outdoor deck space. Unit 3 (the right duplex) consists of a two bed/one bath suite including a large master bedroom with sliding glass doors and private access to the patio and deck space right outside. They are heated and cooled by a combination of window and wall units. All three units share a MASSIVE deck space complete with picnic tables, swings, an outdoor shower. Each unit comes with its own dedicated off-street parking space (or two!). If you're looking for a successful investment look no further! This opportunity will be ''gone-with-the-salty-wind'' so let us know if looking to make it yours!

27. 2023-04-16
    listed $740,000 Active 1762-char remark

    Show marketing remark (1762 chars)

    Looking for an impossible to find income producing property multi-unit/multi-family investment opportunity with unbelievable future potential? Look no further! Located in Kure Beach just two blocks from both Downtown and the Kure Beach Pier, this SFR on stilted pilings and duplex provides a bit of everything for the right investor or even someone looking to live two blocks from the beach. This property brought in($90,000+ in 2021: please see attached rental history for more information) with a highly established guest base? Year-round management efforts maintain monthly renters during the off-season to ensure continued cashflow for the owners. All three units come fully furnished and are actively accepting summer vacation renters and guests. The SFR (unit 1) is a stick-built home on pilings with its own dedicated HVAC system. It is a two bed/one bath with a full kitchen, LVT flooring, updated furniture and electronics, and a large private covered deck, sunning space, and picnic area. Unit 2 (the left duplex) consists of a one bed/one bath suite along with an open kitchen and living room floor plan, updated electronics, and a HUGE shared outdoor deck space. Unit 3 (the right duplex) consists of a two bed/one bath suite including a large master bedroom with sliding glass doors and private access to the patio and deck space right outside. They are heated and cooled by a combination of window and wall units. All three units share a MASSIVE deck space complete with picnic tables, swings, an outdoor shower. Each unit comes with its own dedicated off-street parking space (or two!). If you're looking for a successful investment look no further! This opportunity will be ''gone-with-the-salty-wind'' so let us know if looking to make it yours!

28. 2022-11-15
    soldstatus $660,000 Closed
29. 2022-09-08
    status Pending
30. 2022-09-01
    listed $650,000 Active
31. 2019-05-10
    soldstatus $395,000
32. 2019-03-13
    listed $425,000
33. 2018-05-31
    soldstatus $375,000
34. 2018-05-31
    soldstatus $375,000
35. 2017-10-31
    historical
36. 2017-05-10
    listed $399,900
37. 2017-05-10
    listed $399,900
38. 2015-09-05
    soldstatus $367,500
39. 2015-09-04
    soldstatus $367,500
40. 2015-07-15
    listed $398,000
41. 1992-06-01
    soldstatus $99,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $2,260 · $188/mo
• Projected year-2 tax: $8,199 · $683/mo
• Expected delta: +$5,939/yr (+$495/mo · 262.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,746
• − Mortgage interest: −$56,010
• − Property taxes: −$2,260
• − Insurance: −$5,000
• − Repairs & maintenance: −$1,100
• − Management: −$1,100
• − Depreciation: −$29,088
• Taxable loss: −$80,810
• Est. tax savings @ 24.0%: +$19,395
• After-tax cash flow: $-39,928/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: New Hanover County Schools
• NCES district ID: 3703330
• Math proficiency: 48% ▼ -3.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $49,406
• Composite: 43.13/100
• National rank: #3081
• State rank: #61 of 178 in NC

Livability — Kure Beach

• Score: 65/100
• State rank: #303
• US rank: #12563

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A Health & safety D User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kure Beach, NC
• Population (ZIP): 2,017

Population outlook (New Hanover County) Hauer SSP2

• Today (2025): 259,517 people
• By 2030: 279,586 · +7.7%
• By 2040: 318,223 · +22.6%
• By 2050: 354,831 · +36.7%
• By 2075: 437,158 · +68.5%
• By 2100: 486,769 · +87.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3%
• Common ancestry: Romanian 6% Serbian 5% Lithuanian 4%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · New Hanover

• 2024 margin: Toss-up / Even · D 49.8% · R 49.1% · Other 1.1%
• 2008→2024 swing: +2.0pp toward D · 2008: -1.4pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.1 2016: R+4.1 2012: R+4.7 2008: R+1.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -197.31%
• Current HPI: 246.571
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+910.0% since first listed

26 events — show timeline

• 2026-04-09 Price Changed $999,900 Hive MLS
• 2026-04-09 Price Changed $999,900 Hive MLS
• 2026-02-09 Price Changed $1,100,000 Hive MLS
• 2026-02-09 Price Changed $1,100,000 Hive MLS
• 2025-12-04 Price Changed $1,200,000 Hive MLS
• 2025-12-04 Price Changed $1,200,000 Hive MLS
• 2025-11-10 Listed $1,300,000 Hive MLS
• 2025-11-10 Listed $1,300,000 Hive MLS
• 2023-07-25 Sold (Public Records) $725,000 Public Records
• 2023-07-25 Sold (MLS) $725,000 Hive MLS
• 2023-04-22 Pending — Hive MLS
• 2023-04-16 Listed $740,000 Hive MLS
• 2022-11-15 Sold (MLS) $660,000 Hive MLS
• 2022-09-08 Pending — Hive MLS
• 2022-09-01 Listed $650,000 Hive MLS
• 2019-05-10 Sold (MLS) $395,000 Hive MLS
• 2019-03-13 Listed $425,000 Hive MLS
• 2018-05-31 Sold (Public Records) $375,000 Public Records
• 2018-05-31 Sold (MLS) $375,000 Hive MLS
• 2017-10-31 Listing Removed — Hive MLS
• 2017-05-10 Listed $399,900 Hive MLS
• 2017-05-10 Listed $399,900 Hive MLS
• 2015-09-05 Sold (MLS) $367,500 Hive MLS
• 2015-09-04 Sold (Public Records) $367,500 Public Records
• 2015-07-15 Listed $398,000 Hive MLS
• 1992-06-01 Sold (Public Records) $99,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $2,260 · -29.1% YoY. Source: county tax records.