Beautifully renovated, fully furnished and tastefully decorated home with full basement in a prime island location. The upper level features a welcoming front porch with partial ocean views and approximately 1,150 sq ft of living space, including 3 bedrooms (primary suite with walk-in closet, additional closet and private full bath), 1 guest bathroom, a full galley kitchen, dining area and laundry room. Off the laundry room is a spacious rear deck with partial waterway views, perfect for relaxing or entertaining. The property also offers a large backyard with ample room to enjoy outdoor living or future possibilities. The lower level features a full walk-out basement, as listed in the New Hanover County tax records, offering approximately 1,050 additional sq ft. The full basement is currently being renovated and is in the final stages, offering excellent potential for additional living or rental space. There is also an enclosed exterior room and additional exterior storage area underneath the rear deck with concrete flooring throughout. An outdoor shower is conveniently located beside the front porch. This property presents an outstanding investment opportunity. The oversized lot includes approval to build a second home at the rear of the property, creating a potential ''2 Unit Property Under Development'' (2 Unit PUD). Survey drawings for the proposed second home site are included. Located second row from the beach with public beach access across the street, the home is also close to the canal and public kayak launch. Very few second row homes remain on the island with lots large enough to accommodate an additional home, making this a rare and unique opportunity. Live in one level and rent the other, utilize both levels, or build an additional home on the rear portion of the property. Documented rental history.