820 Elizabeth Drive

820 Elizabeth Drive Oak Island, North Carolina 28465 United States

Have you dreamed of owning a waterfront home on Oak Island, one of the most beautiful and relaxing places in North Carolina? Imagine waking up to the sound of glorious shorebirds, enjoying the stunning marsh view from your porch, and having access to kayaks, bikes, beach chairs, and more. Nestled on the Elizabeth River marsh looking out to the Intercoastal, this 4-bedroom 3.5 bath house on Oak Island is a gem and just a half a mile from the beach!! And the cost is right ... because you are buying 1/10th of this house and sharing the maintenance, insurances, & utilities with 9 other shareholders.The ''Lizzie River House'' aka LRH is collectively owned by a group of friends who share the benefits and responsibilities of owning this home. As a 1/10th co-owner, you will have exclusive use of the house for five weeks each year + 2 community weeks. It's a 10-minute walk to ocean beaches and a daily dose of fabulous sunsets. The house includes a dock, screened porch, garage, hot tub, TV room, and a hot tub!This group is well established, functioning cohesively for 10 years, so the new owner of this 1/10 share will be able to step right into a nicely functioning group. The LRH is legally organized under a Tenants in Common (TIC) agreement, which details all the terms and conditions of co-ownership.

Listing Courtesy of Jonathan Minerick, HomeCoin

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.