Townhouse at 500 Alabama Avenue Unit 1, Carolina Beach, NC 28428
Front of Townhouse - 500 Alabama Avenue Unit 1, Carolina Beach, NC 28428
Townhouse at 500 Alabama Avenue Unit 1, Carolina Beach, NC 28428, photo 3 of 3
3 photos

$735,000

500 Alabama Avenue Unit 1, Carolina Beach, NC 28428
Carolina Beach, NC 28428
Listed by Karen E Drechsel · Intracoastal Realty Corporation
Bedrooms
3
Bathrooms
2.5
Living area
1,651 sqft
Year built
2022

About this home

One of these things is not like the others! Because it isn't. One of the largest southeast-facing corner homesites. Parking for up to 7 vehicles. Over $80,000 in documented upgrades. A square floor plan that lives like a home--not the typical narrow side-by-side beach townhome. Plus, leaseback income already in place. Secure your future now with this exceptional luxury townhome, ideal as an investment property, second home, or future primary residence. Located just four blocks from one of Carolina Beach's most desirable beach accesses with public parking, restrooms, and ADA-accessible beach access, this mid-island location offers convenience that's difficult to match. Situated on a spacious southeast-facing corner with generous setbacks, this thoughtfully designed home captures abundant natural light, expansive big-sky views, and a sense of openness rarely found among island townhomes. With over $80,000 in documented improvements, the oversized chef's kitchen is a standout, featuring expanded cabinetry, an oversized island, Bosch professional gas range, Bosch refrigerator, KitchenAid dishwasher, custom range hood, pantry, under-cabinet lighting, granite countertops, tile backsplash, and reverse osmosis drinking water system. The spacious living area showcases a custom shiplap fireplace feature wall, while hardwood oak stair treads, waterproof LVP flooring, upgraded lighting, custom blinds, closet systems, and beautifully finished tile bathrooms with custom glass enclosures reflect quality throughout. Outdoor living is equally inviting with a southeast-facing covered porch, fenced front yard with deck, professional landscaping, built-in planters, private side yard, and covered outdoor shower. Additional highlights include a finished garage with custom storage, whole-house Culligan water softener, Ring security cameras, complete hurricane shutter system, buried propane tank, fiber cement siding, engineered construction, architectural roof, and energy-efficient Low-E windows. Seller requires a leaseback through June 2027, providing immediate rental income while allowing buyers to plan for future occupancy. One of these things is not like the others... and once you see it, you'll understand why.

Highlights

Fireplace

Property details

MLS
Hive MLS
MLS #
100591131
Property type
Townhouse
Subdivision
Not In Subdivision
Status
Active
Days on market
85
On market date
July 24, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
1
Parking spaces
7
Lot size
0.03 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.

Elementary
Carolina Beach Elementary
1.13 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
5.92 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
5.89 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).

54
Somewhat walkable
out of 100
EPA National Walkability Index
9.2 / 20 -- Below average walkable
Google Places amenity density
65 / 100
Restaurants & cafes20
Grocery stores1
Parks14
Schools3
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Carolina Beach, from live MLS data.

On the market 85 days -- 35 fewer days than Carolina Beach's current average of 120 days.
For reference, the median list price across 250 active listings in Carolina Beach right now is $599,450.

Mortgage calculator

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Est. monthly payment
$4,576/mo
$147,000 down
$588,000 loan
Principal & interest$3,814
Property tax (est.)$613
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated September 16, 2026.

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.