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Oceanfront Holden Beach Large Luxury
*estimated price (subject to availability)
407 Ocean Blvd West, Holden Beach, NC 28462We have a fantastic, large, 7BR, 8.5BA, oceanfront property right near the boardwalk at Holden Beach. We're interested in the Plum fractional model to sell 7...
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View on Plum Co-OwnershipLook Inside Oceanfront Holden Beach Large Luxury
Oceanfront Holden Beach Large Luxury
Price per Share
$325,000
Total Property Value
$2,600,000
Monthly Fees
$580
About This Home
407 Ocean Blvd West, Holden Beach, NC 28462
We have a fantastic, large, 7BR, 8.5BA, oceanfront property right near the boardwalk at Holden Beach. We're interested in the Plum fractional model to sell 7/8 shares in the property so that we can redeploy our equity. The property has a fantastic rental history and is unique in many ways. First, each bedroom has its own en suite bathroom. Plus, there is a full bath outside on the pool deck with hot shower, toilet, etc. Next, the house sleeps 21 guests in 7BRs including 3 master BRs. There is a 35x15 heated pool and hot tub. The house is an inverted floor plan with amazing views of the Atlantic. The house has an elevator, 2 full sized refrigerators, HDTVs in every bedroom, 2 sunrooms, and covered parking. Plus there is a mini-gym (weight room) on the lower floor and a workshop for minor onsite maintenance and repairs.
Rental History: For 2023 & 2024 the gross was right around $210k with an NOI of $106k. Prop mgmt fees are in expenses. $22k38 weeks booked. 80% of annual comes in peak 13 weeks. $14.5k per week peak includes PM and $965 for linens, towels, and cleaning
From the Organizer
We are the Banks family from Charlotte, NC. Our immediate family includes our kids Mary Elizabeth (30), John (28), and Caroline (17), grandson Gohan (4), dogs Callie and Lady, and our cat, Frank. We’ve been spending summer vacations at Holden Beach since 2005 and it has become a tradition for us, our kids, and other relatives to reunite and spend a week there each year. Holden has become our second home in more ways than one.We acquired our amazing house in 2021 and have enjoyed using it over the cooler months as much as during the summer! In November of 2022, we hosted an 80th birthday celebration for Eric’s dad in which his 8 siblings from all over country converged at our house for a huge surprise party.Our favorite Holden Beach activities include golf, biking, running, wave riding, morning and evening (moonlit) walks on the beach, spending hours by the pool, playing games, and cooking for the group! We’ve recently rented a pontoon boat, at Holden Beach Marina, and traveled the intracoastal up and down to Southport and Ocean Isle Beach. Eric recently added a small weight room in the lower level for another fitness option.
Look Inside Oceanfront Holden Beach Large Luxury
How Shared Ownership Works
With fractional ownership, you purchase a 1/8 share of this property, giving you approximately 46 days of personal use per year. Professional management handles all maintenance, repairs, and scheduling.
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