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304 E Leonard St

Southport NC 28461

2
1
1484 sq. ft.
11282 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Don't miss this exceptionally rare opportunity to own one of the few grandfathered, legally permitted short-term vacation rentals in the heart of Southport, NC, a town where vacation rentals in residential zones are now severely restricted by ordinance. Located just blocks from the scenic waterfront, restaurants, and boutiques, 304 E Leonard St. is a beautifully updated 2-bedroom, 1-bath home offered fully furnished (with a few exclusions) and ready for continued use as an income-producing property. The home holds a valuable, active short-term rental permit, which is grandfathered in and is transferrable under current city restrictions--a benefit only a handful of homes in Southport still enjoy. Inside, you'll find vaulted ceilings throughout, waterproof luxury vinyl plank flooring, a modern kitchen with induction cooktop and convection oven, and a stylish bathroom featuring a custom mosaic tile installation by renowned local artist Hilary Meehan. Additional upgrades include a whole house water filter and softener system, new water heater (2019), Trex decking on the front porch (2023), new roof over the back porch (April 2023), and rear roof replacement (October 2024). Outdoor living is a delight with spacious front and back porches, a large fenced backyard, a new deck, and an outdoor shower and foot faucets--ideal after a beach day. Whether you're an investor looking for a rare, compliant short-term rental or a buyer seeking a serene primary or second home in one of the East Coast's most desirable coastal towns, this property offers modern comfort and a highly exclusive rental status you simply won't find elsewhere in Southport. Opportunities like this are vanishingly rare--schedule your showing today before it's gone.

Features

2 bedrooms
1 bathroom
1484 sq. ft. floor area
11282 sq. ft. lot size
Single-Family

Property history for 304 E Leonard St

2018
Sold
$250,000
14 Jun 2018 by Carla Sparks, of Southport Realty, Inc
2018
Sold
$250,000
14 Jun 2018
2015
Sold
$176,500
27 Feb 2015 by Renee Yost, of Intracoastal Realty Corp

Happy sellers in Southport

60%
60% of sellers in Southport reported that their sale price either exceeded or met their price expectations.

Southport stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Southport over the last 12 months.

Local market activity for 2 bedroom single-family properties in Southport

In the last 12 months, 43 two-bedroom single-family properties similar to 304 E Leonard St, have been sold.

This represents a 10% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

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