Why buy one beach house when you can buy three? Three bungalows

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Home For Sale

636 & 644 S Third Ave

Kure Beach, North Carolina 28449

New Hanover County Ocean View: Yes

Community: Not In Subdivision

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$1,950,000 7 br, 7.0 bath 3618 sq. ft. 0.360 acres

Why buy one beach house when you can buy three? Three bungalows. Three lots. And one completely turnkey investment that generated over $180,000 in gross rental revenue in 2025 and is one pace to do $250k+ in 2026 -- making it one of the highest-rated short-term rental properties on the entire island. This isn't your average beach house. It includes 3 standalone units, all fully renovated and furnished: Bungalow 1: 2 bedroom/2 bath with a large, open floor plan kitchen and living room, screened in side porch, large front deck with hot tub and ocean view. Bungalow 2: Perfectly laid out studio unit with outdoor space on both sides, including a hot tub and outdoor shower on one side and a lounge area on the other. Bugalow 3: 4 bedroom/4 FULL bath property with 3 ensuite bedrooms, large kitchen area, breezeway separating the two wings and a private deck area with hot tub. Since 2023, this collection of charming coastal bungalows has been completely transformed into a polished, guest-ready micro resort. Every unit was redesigned from the ground up, interiors brightened and refreshed, exteriors freshly painted, and the outdoor spaces elevated with three brand new hot tubs, three outdoor showers, a fire pit, and all-new landscaping. The result? A property that practically runs itself and keeps guests coming back. All furniture included. Just show up and start collecting checks. And it gets sweeter -- those three separate lots each have the potential to support a duplex, giving a savvy developer a serious runway for future upside. Whether you're someone looking to live at the beach for free by living in one unit while the others pay your mortgage, a seasoned investor adding a proven performer to your portfolio, or a developer with an eye on what this land could become -- this one checks every box. Turnkey. Cash-flowing. Irreplaceable. Here's your chance to own Kure Beach's finest micro resort. Listing agent is one of the owners of the property.

Interior:
  • Bedrooms: 7
  • Baths: 7.0
  • Sq Ft: 3618
  • Year Built: 1940
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Forced Air, Electric (Heating), Heat Pump (Heating)
  • Garage: Off Street
Exterior:
  • Lot Size: 0.360 acre
  • Lot Dimensions: 
  • View Types: Water, Ocean
  • Yard: 
  • Siding: Wood Siding, Wood Frame
  • Roof: Metal
  • MLS #: 100565968
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Contact Information:
Beach Home For Sale in Kure Beach, North Carolina
Listing Agent: Travis Sherry, Fathom Realty NC LLC, 888-455-0640, 888-455-6040 Listing Site, Listing Status: Active
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7543760
Viewed 22 times.
Updated: Apr 13, 2026

This property is a Home located at 636 & 644 S Third Ave, Kure Beach, North Carolina 28449, and is currently For Sale at $1,950,000. This Home has 7 bedrooms, 7.0 baths, 3618 sq ft.