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304 E Leonard Street, Southport, NC 28461

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For Sale

$539,900

2 beds • 1 baths • 1,484 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $363.81
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 100519462

Courtesy Of Southport Realty, Inc.

(910) 457-7676

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Oven - Convection, Washer
  • Architecture Style
    Other
  • Exterior Type
    Block, Stucco
  • Floor Covering
    Concrete
  • Lot Size
    0.26 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 304 E Leonard Street, Southport, NC 28461

Home seller CENTURY 21 Vanguard

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Vanguard

(910) 769-1465
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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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