Property listing for 3318 W Dolphin Dr, Oak Island, NC 28465
For SaleVacant Land

$480,000

3318 W Dolphin Dr, Oak Island, NC 28465

Marsh-Front Buildable Lot with Ocean Access on West End

0.17-acre parcel adjacent to Montgomery Slough, steps from the beach

0.17 acres

Lot

About 3318 W Dolphin Dr

This rare West End parcel at 3318 W Dolphin Drive offers the kind of maritime setting most buyers search for: a 50 x 150 ft, 0.17-acre marsh-front lot with direct views across Montgomery Slough and just a short stroll to the Atlantic shoreline. Cleared/partial topography and 50 feet of street frontage present a straightforward canvas for a custom single-family residence designed to capture both marsh and ocean glimpses.

Utilities are in place at the street — public water, municipal sewer, and electric are available — and the lot is zoned OK-R-7 for single-family residential use. These practical advantages, combined with the site’s immediate proximity to tidal waters and public water access to the Intracoastal (approximately 0.5 miles), make this property particularly appealing to buyers who value fishing, boating, and an outdoor coastal lifestyle.

Financially, the parcel is offered as part of a court-ordered sale at $480,000. The assessed land value for 2025 is $320,000 with annual property taxes of $2,464. Recent nearby sales and current market analysis place fair market expectations for similar marsh-front lots in the $450,000–$500,000 range; an adjacent lot with comparable dimensions and features recently sold under similar circumstances. Buyers should note potential environmental and permitting considerations for marsh-front construction and are encouraged to verify setback and build requirements with the Town of Oak Island.

Living here means being steps from sand and saltwater: Atlantic Ocean beach access is roughly 0.1 miles away, Montgomery Slough brushes the property edge, and the Intracoastal Waterway sits conveniently close for weekend boat outings. Oak Island’s West End combines quiet residential streets with direct access to coastal recreation, while Southport Elementary (highly rated) serves the neighborhood; middle and high school options are part of Brunswick County Schools. This is an opportunity to build a thoughtfully sited coastal home where tidal marsh vistas meet easy beach access.

Home Highlights

Marsh-front lot with Montgomery Slough views0.17-acre parcel — 50 x 150 ftPublic water and municipal sewer availableElectric service available at streetShort walk to Atlantic Ocean beach accessZoned OK-R-7 for single-family residentialOffered at $480,000 (court-ordered sale)Adjacent to Intracoastal Waterway access (0.5 mi)

Property Features

Interior Features

  • Vacant buildable lot
  • Zoned OK-R-7 for single-family residential
  • Cleared/partial topography
  • Public water available
  • Municipal sewer available
  • Electric service available at street

Exterior & Lot

  • Marsh-front on Montgomery Slough
  • 50 ft frontage on W Dolphin Dr
  • Lot size: 0.17 acres (7,579 sqft)
  • Approx. 50 x 150 ft dimensions
  • Short (0.1 mi) walk to Atlantic Ocean access
  • Cleared/partial lot suitable for immediate site plans

Location & Neighborhood

  • West End neighborhood of Oak Island
  • Adjacent to Montgomery Slough
  • 0.5 mi to Intracoastal Waterway public access
  • Part of Brunswick County Schools
  • Short drive to island amenities and coastal recreational access

Walkability & Recreation

  • Walkability Rating: 45/100 — Car-Dependent
  • Montgomery Slough adjacent for scenic walks
  • Atlantic Ocean beach access ~0.1 miles
  • Intracoastal Waterway access ~0.5 miles for boating and fishing
  • Nearby shoreline and neighborhood streets for walking and biking
  • Community recreation and water sports nearby

Neighborhood & Location

Oak Island’s West End is defined by tidal marshes, quiet residential streets, and easy access to both the Atlantic shoreline and the Intracoastal Waterway. Residents enjoy a low-key coastal lifestyle centered on boating, fishing, and beach time; nearby public water access points make day trips to the ICW simple. The neighborhood benefits from strong elementary school ratings, while island amenities and Southport’s shops and dining are a short drive away. West End appeals to buyers seeking a relaxed seaside community with authentic coastal character.

Market Insights

Oak Island’s market currently favors sellers, driven by limited inventory (approximately 2.5 months supply) and steady appreciation. Area metrics show a median sale price near $720,000, average days on market about 83, and year-over-year appreciation around 6.5% (with roughly 25% growth over five years). Land and single-family lots on Oak Island’s desirable waterfronts and marsh-front locations typically command a premium and can move quickly when properly priced and marketed.

For this property type—vacant residential land in the West End—demand is concentrated among buyers looking to build coastal primary homes or high-performing vacation rentals. Recent comparable transactions (including both raw parcels and recently built homes on larger lots) indicate that buyers are willing to pay for proximity to the ocean and water access. Given the low inventory for marsh-front lots, now is a strategically strong time for sellers; for buyers, preparedness (completed site due diligence, financing or cash readiness, and an early engagement with local permitting authorities) is essential to compete effectively. Attention to environmental permitting and setback rules will shape buildable footprints and project timelines, so factor those into offers and development budgets.

Nearby Schools

Southport Elementary

Elementary

9/10

South Brunswick Middle

Middle

3/10

South Brunswick High

High

4/10

Walkability & Recreation

45
Walkability
85
Recreation

Excellent access to coastal recreation: Montgomery Slough sits adjacent, the Atlantic Ocean is about 0.1 miles away, and Intracoastal Waterway access is roughly 0.5 miles—ideal for boating, fishing, beach days, and shoreline walks.

Investment Highlights

  • Marsh-front lot with serene views over Montgomery Slough
  • Short walk (0.1 miles) to Atlantic Ocean beach access
  • Proximity to Intracoastal Waterway (0.5 miles) for boating and fishing
  • Located in Oak Island's desirable West End neighborhood
  • Steady property value appreciation in a competitive market

Key Findings

  • Assessed value for 2025 is $320,000 with annual taxes of $2,464
  • Lot dimensions are 50 x 150 ft, totaling 0.17 acres
  • Zoned OK-R-7 for residential use
  • Recent comparable land sales suggest a value between $450,000 and $500,000
  • Court-ordered sale listed at $480,000

Things to Consider

  • Potential building restrictions due to marsh-front location
  • Middle and high schools have average ratings (3/10 and 4/10 respectively)
  • Limited inventory may lead to competitive bidding situations

Opportunity Analysis

Prime marsh-front lot offering a unique opportunity to build a custom coastal home with serene views and easy access to beach and water activities.

Potential Use Scenarios

  • Develop a single-family residence maximizing marsh and ocean views
  • Consider investment potential due to steady property appreciation
  • Explore rental income opportunities given the desirable location

Risk Factors

  • Potential environmental regulations affecting construction
  • Market competition due to limited inventory
  • School ratings may impact family buyer interest

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$450K

Midpoint

$475K

High

$500K

80% confidence

Sales comparison approach using recent land sales in Oak Island's West End. Adjusted for marsh-front location and proximity to beach access.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$720,000
Avg Days on Market83 days
Inventory2.5 months
1-Year Appreciation+6.5%

Demographics

Population (1 mi)1,500
Median Income (1 mi)$65,000

Oak Island has experienced steady growth in property values due to its desirable coastal location and amenities.

Nearby Points of Interest

  • Montgomery Slough (adjacent)
  • Atlantic Ocean (0.1 mi)
  • Intracoastal Waterway (0.5 mi)

Located on Oak Island's West End, the property offers direct marsh views and is a short walk to the beach. Nearby public access to the Intracoastal Waterway provides opportunities for boating and fishing.

School District

DistrictBrunswick County Schools
ElementarySouthport Elementary (9/10)
MiddleSouth Brunswick Middle (3/10)
HighSouth Brunswick High (4/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Lot & Site

Lot Size0.17 acres (7,579 SF)
Topographycleared/partial
Frontage50 ft frontage on W Dolphin Dr

Utilities

Waterpublic
Sewermunicipal
Electricavailable

Zoning & Land Use

Zoning CodeOK-R-7
DescriptionResidential
JurisdictionTown of Oak Island

Allowed Uses

single family residential
Current Usevacant land

Tax & Sale History

Tax Assessment

Total Assessed$320,000
Land$320,000
Improvements$0
Annual Tax (2025)$2,464

Sale History

2026-01-25$480,000

Court-ordered sale

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