Single Family Residence at 502 Peninsula Drive, Carolina Beach, NC 28428, Carolina Beach
Single Family Residence at 502 Peninsula Drive, Carolina Beach, NC 28428, Carolina Beach, photo 2 of 3
Single Family Residence at 502 Peninsula Drive, Carolina Beach, NC 28428, Carolina Beach, photo 3 of 3
3 photos

$649,900

502 Peninsula Drive, Carolina Beach, NC 28428
Carolina Beach, NC 28428
Listed by Andrew Kelly · Nest Realty
Bedrooms
3
Bathrooms
2
Living area
1,747 sqft
Year built
1986

About this home

Homes in Carolina Beach's Pleasure Cay community rarely become available, making this one-owner home an especially exciting opportunity. The original owners built the home and have cared for it over the years, and it now offers the chance for a new owner to bring their vision to a property with great bones, a generous lot and an exceptional coastal location. Nestled beneath mature trees on approximately .28 acres, the home features 3 bedrooms, 2 full bathrooms and approximately 1,747 square feet of single-level living. One of the property's biggest highlights is the deeded 28-foot boat slip in Pleasure Cay's gated community marina, complete with parking and convenient access for boating and fishing. The beach is just minutes away, putting both the water and the best of Carolina Beach within easy reach. Inside, the spacious layout includes generous living and dining areas, a large primary suite, pantry and ample storage. A 25' x 15' garage provides valuable additional space, while the covered front porch and multiple deck areas offer plenty of opportunities to enjoy the peaceful, tree-lined setting. Recent roof and HVAC updates provide a solid foundation for the next owner. The interior could use some updating, but the home offers plenty of potential for a buyer willing to put in some TLC and make it their own. Outside, the fully fenced backyard is private and surrounded by mature trees. Whether you're looking for a primary residence, second home or coastal getaway, the combination of a rare Pleasure Cay location, generous lot, garage, beach proximity and deeded boat slip makes this a special Carolina Beach opportunity.

Property details

MLS #
100608566
Property type
Single Family Residence
Subdivision
Pleasure Cay
Status
Active
Days on market
2
On market date
October 6, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
1
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
1.5 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
3.37 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
3.37 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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

61
Walkable
out of 100
EPA National Walkability Index
8.3 / 20 -- Below average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools4
Transit stops0
Pharmacies5

Mortgage calculator

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Est. monthly payment
$4,064/mo
$129,980 down
$519,920 loan
Principal & interest$3,372
Property tax (est.)$542
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 2 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.