Single Family Residence at 438 Oceana Way, Carolina Beach, NC 28428, Carolina Beach
Single Family Residence at 438 Oceana Way, Carolina Beach, NC 28428, Carolina Beach, photo 2 of 3
Single Family Residence at 438 Oceana Way, Carolina Beach, NC 28428, Carolina Beach, photo 3 of 3
3 photos

$4,250,000

438 Oceana Way, Carolina Beach, NC 28428
Carolina Beach, NC 28428
Listed by Will Musselwhite · Landmark Sotheby's International Realty
Bedrooms
5
Bathrooms
5
Living area
5,325 sqft
Year built
2000

About this home

With spectacular views of the Atlantic Ocean, Intracoastal Waterway, sound and marsh, 438 Oceana Way offers a rare opportunity to enjoy both boating and beach living from one exceptional island setting. Two boat slips accompany the property: one at the private dock behind the home and a separate 30- to 35-foot slip deeded to the property at the nearby community marina. Private gated access to the beach is just a short walk away within the community, completing an offering that is difficult to find along the coast. Offered fully furnished and extensively renovated, this residence is located within gated Oceana on the north end of Carolina Beach. Expansive water views take center stage throughout the home and continue into the backyard, where a large custom saltwater pool overlooks the water. The poolside terrace offers space to relax or entertain. From there, a newly rebuilt Trex boardwalk leads to a renovated gazebo overlooking the Intracoastal Waterway and marsh. The renovation touched nearly every interior space with updated kitchens and bathrooms as well as new flooring and fresh paint. A former flex space was converted into an additional bedroom, offering more room for family and guests. Other improvements include upgraded appliances, custom stairs and railings, elevator updates and multiple HVAC replacements. The result is a beautifully updated home that makes the most of its extraordinary island setting.

Highlights

WaterfrontFireplace

Property details

MLS #
100604114
Property type
Single Family Residence
Subdivision
Oceana
Status
Active
Days on market
21
On market date
September 17, 2026
Stories
N/A
Total bathrooms
5
Garage spaces
2
Parking spaces
2
Lot size
0.28 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Carolina Beach Elementary
2.18 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
409
Student:teacher ratio
14.6:1
District
New Hanover County Schools
Middle
Charles P Murray Middle
3.04 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
832
Student:teacher ratio
16.6:1
District
New Hanover County Schools
High
Eugene Ashley High
3.08 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,931
Student:teacher ratio
18.2:1
District
New Hanover County Schools

Walkability

Blended score for Carolina Beach's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

28
Car-dependent
out of 100
EPA National Walkability Index
5.5 / 20 -- Least walkable

Mortgage calculator

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Est. monthly payment
$25,744/mo
$850,000 down
$3,400,000 loan
Principal & interest$22,052
Property tax (est.)$3,542
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 16 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.