908 Elizabeth Drive, Oak Island, NC 28465 (MLS# 100605176)

908 Elizabeth Drive, Oak Island, NC 28465

New Listing

$239,900

Property Type: Land Lot Size (sq. ft.): 27,878 Status: Active

Current Price: $239,900 List Date: 9/22/2026 Last Modified: 9/22/2026

Overview

Description

250CG056 - 0.64 Acres An exceptional residential development opportunity is now available in Oak Island, North Carolina. Conveniently located on Elizabeth Drive. On the Intracoastal side of the Island. § 160A-269. Negotiated offer, advertisement, and upset bids. A city may receive, solicit, or negotiate an offer to purchase property and advertise it for upset bids. When an offer is made and the council proposes to accept it, the council shall require the offeror to deposit five percent (5%) of his bid with the city clerk, and shall publish a notice of the offer. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within 10 days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the city clerk five percent (5%) of the increased bid, and the clerk shall re-adverti ... (Read more) 250CG056 - 0.64 Acres An exceptional residential development opportunity is now available in Oak Island, North Carolina. Conveniently located on Elizabeth Drive. On the Intracoastal side of the Island. § 160A-269. Negotiated offer, advertisement, and upset bids. A city may receive, solicit, or negotiate an offer to purchase property and advertise it for upset bids. When an offer is made and the council proposes to accept it, the council shall require the offeror to deposit five percent (5%) of his bid with the city clerk, and shall publish a notice of the offer. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within 10 days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the city clerk five percent (5%) of the increased bid, and the clerk shall re-advertise the offer at the increased bid. This procedure shall be repeated until no further qualifying upset bids are received, at which time the council may accept the offer and sell the property to the highest bidder. The council may at any time reject any and all offers.isted deadline. Step 1: Submit a Written Offer To begin the process, please submit a written offer via email to mgreene@marccom.com, kjackson@oakislandnc.gov, and lstites@oakislandnc.gov - Subject Line: Offer for 250CG056 & 250CG054 - Required Terms: Purchase price, closing period, and proof of funds. - Note: This initial offer acts as a Letter of Intent and is not a formal contract. Step 2: Town Council Review The Town Council must vote to ''propose to accept'' the initial offer. This review will take place at either the next regularly scheduled meeting or a specially called session. Prospective bidders should understand that bids will be discussed in open session, and the Council will decide in open session whether to accept a offer or not. Step 3: Deposit and Upset Bid Process If the council proposes to accept your offer, you must deposit 5% of the bid amount with the Town Clerk. The clerk will then publish a public notice of the offer pursuant to NC General Statute § 160A-269, which officially opens the 10-day upset bid process. Pursuant to statute, the town holds the deposit. Step 4: Final Approval and Contract Once the upset bid period closes and the final high bidder is determined, the Town Council will pass a resolution authorizing the Town Manager to work with Marguerite Greene (C21 Collective) to execute the formal purchase contract. Step 1: Make an Initial Offer You submit a formal ''Offer to Purchase'' directly to the town for a specific piece of property. Step 2: Town Review & Earnest Money If the town board is interested in your offer, they will pass a resolution to accept it conditionally. You must place a 5% deposit (bid bond or cash deposit) with the town clerk to secure your position while the public bidding period opens. Step 3: The 10-Day Public Challenge Period The town advertises your offer to the public. Other buyers now have 10 days to outbid you. To beat your offer, a competing buyer must submit a ''qualifying upset bid'' This new bid must beat yours by at least 10% of the first $1,000 plus 5% of the remaining balance. They must also submit their own 5% deposit. while the public bidding period opens. Step 4: Winning the Property If no one outbids you within those 10 days, the town board officially awards the property to you. If someone does outbid you, the 10-day clock resets. The advertising process repeats for the new highest bid. This cycle continues until a 10-day period passes with no new higher bids. If you are outbid and choose not to counter-offer, your 5% deposit is safely returned to you. Elizabeth Drive serves as a critical, scenic parallel route to the Intracoastal Waterway (ICW). No HOA Restrictions

Listing Details MLS# 100605176

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2026-09-21
Sub-Type: Residential Lot
Listing Price: 239900
List Price/Acre: 374843.75
Stipulation of Sale: Standard

Location Information

Street #: 908
Street Name: Elizabeth
Street Suffix: Drive
County: Brunswick
State/Province: NC
Zip Code: 28465
City Limits: Yes
Marketing City: Oak Island
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: US-17 S Head toward Pemberton Dr, Turn left onto Grandiflora Dr, Take NC-87 S to NC-133 S, Continue on NC-133 S. Turn right onto E Oak Island Dr, Turn right onto Sherrill St, Turn right onto Elizabeth Dr, Destination will be on the left
Sign on Property: Yes

Property Exterior Info

Acres - Total: 0.64
Lot Dimensions: BUYER TO VERIFY WITH SURVEY
Lot SqFt: 27878
Waterfront: Yes
Water Frontage: 124
Waterview: Yes
Location Type: Island
Horses Y/N: No

Legal and Taxes

Tax Assessed Value: 34000
Deed Book: 4990
Deed Page: 627
Legal: L-4 .64 AC PL H/219
Broker Owner: No
PID: 250CA010
Tax Identifier: 250cg056
Plat Book: H
Plat Page: 284
Total Real Estate Property Taxes: 68
Special Assessments: None
Tax Year: 2026
Zoning: Ok-R-9
HOA: No
Cobra Zone: No
School District: Brunswick County Schools
Elementary School: Southport
Middle School: South Brunswick
High School: South Brunswick

More Information

Property Features

Bldgs on Property: None Soil Evaluation: Soil Evaluation - No Frontage Type: ICW Front Topography: Wooded View Type: ICW View; Marsh View; Water Fencing: Back Yard; Front Yard; Metal/Ornamental; Wood Fuel Tank: None Environmental Hazard: No Utilities: Sewer Connected; Water Connected Sewer: Municipal Sewer Water Source: Municipal Water Lot Water Features: Deeded Water Access; Deeded Waterfront; Pier HOA and Neigh Amenities: No Amenities

IDX

Listing Office: Century 21 Collective

Last Updated: September - 22 - 2026

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