Incredible Opportunity! This property is listed below market value, offering instant equity for the savvy buyer. This property can accommodate a 16'X10' pool. Amazing rental potential! Three parking bays! One block from the NE 55th Street boat launch. 101 NE 54TH STREET - Charming Coastal Retreat in the Heart of Oak Island Discover the perfect blend of modern convenience and coastal charm with this newly constructed 3-bedroom, 2-bathroom home, ideally situated in the vibrant heart of Oak Island. This exceptional property is now available at an unbeatable value, recently reduced by $15,000, making it the best-priced new construction closest to the beach in the wooded section. **Prime Location:** Just steps away from grocery stores, popular pubs, diverse restaurants, quaint shops, and delightful ice cream parlors. A mere 3-minute walk to the pristine sands of Oak Island Beach, perfect for daily strolls or relaxing by the sea. Nestled close to Oak Island Drive, enjoy the convenience without the noise - the everyday traffic is surprisingly serene and non-disruptive. The Oak Island public boat launch on the Intracoastal Waterway at Yacht Drive and NE 55th Street is just one block over, making this a fantastic location for boating enthusiasts. **Features and Highlights:** Built with exceptional craftsmanship, this home boasts modern features and high-quality finishes throughout. Beautifully landscaped with lush palm trees for added privacy, and equipped with window blinds - a rare find in new homes. A stylish electric fireplace with shiplap detail serves as a focal point in the living area, and the spacious rear screen porch offers a tranquil retreat. The piling foundation provides three parking bays underneath the house, accommodating up to seven cars - perfect for family gatherings or rental guests. With rental projections exceeding $40,000 annually, this home offers a lucrative investment potential!!!