2003 W Pelican Drive, Oak Island, NC, 28465

$155,000 PROJECTED ANNUAL RENTAL INCOME. OCEAN VIEWS. DAVIS CANAL VIEWS. HEATED POOL. FORTIFIED ROOF. STEPS TO THE OCEAN. DUAL ENTRY DRIVEWAYS. MULTIPLE DECKS AND BALCONIES. Located on Oak Island's highly sought-after west end, this extraordinary 4-bedroom, 3.5-bath coastal retreat delivers the rare blend of luxury living and serious investment performance. Wake up to sweeping ocean views from the front of the home and unwind each evening with stunning sunsets dancing across the Davis Canal from the rear, offering breathtaking water views from sunrise to sunset. Designed for the ultimate coastal lifestyle, the outdoor living spaces are nothing short of spectacular with expansive front and rear porches, multiple balconies, a sparkling heated pool, private hot tub, and outdoor shower creating a true island resort atmosphere. Inside, the bright open-concept floor plan was built for effortless entertaining and elevated everyday living, featuring a beautifully updated kitchen with a massive island, dedicated coffee bar, pantry, and upscale finishes throughout. Rare dual driveway access from both the front and rear of the property provides abundant parking for guests, boats, golf carts, and beach gear, an incredibly uncommon and highly valuable island feature. Three bedrooms feature en-suite baths, maximizing comfort, privacy, and rental appeal, while the oversized custom primary closet and spacious laundry room add functionality rarely found in beach homes. The recently installed FORTIFIED ROOF offers added peace of mind, durability, and potential insurance benefits. Furniture conveys with select exclusions, making this a nearly turnkey opportunity ready to enjoy immediately. Whether you're searching for a luxury second home, full-time island escape, or high-performing income-producing asset, this property delivers on every level.