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3397 Island Lakes Dr

Oak Island, NC 28461

3 bd 3 ba 2,863 sqft Built 2023 Lot 7,405 sqft single_family
Most recent sale
$576,310
Jul 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 1, 2022 Sold $576,310 MLS #100325819
May 4, 2022 Listed $503,000 MLS #100325819

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $478,770 $90,000 $568,770 $1,945
2024 $478,770 $90,000 $568,770 $2,345
2023 $90,000 $90,000 $327

Property facts

Year built
2023
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,863 sqft
Lot size
7,405 sqft
ZIP code
28461
City
Oak Island
Street
Island Lakes Dr
Coordinates
33.97549, -78.12409

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,865
Gross rental yield
8.05%
Implied cap rate
5.23%
Trend-extrapolated value

Frequently asked questions

When did 3397 Island Lakes Dr last sell?
3397 Island Lakes Dr most recently sold on Jul 1, 2022 for $576,310.
What is the current tax assessment for 3397 Island Lakes Dr?
The most recent total assessment for 3397 Island Lakes Dr (year 2025) is $568,770 with $1,945 in property tax.
How does 3397 Island Lakes Dr's assessment compare to its last sale price?
The current assessment is 1.3% below the last sale price of $576,310.
When was 3397 Island Lakes Dr built?
3397 Island Lakes Dr was built in 2023.
How does 3397 Island Lakes Dr compare to others on Island Lakes Dr?
We track 8 other properties on Island Lakes Dr. Browse the list under "Other properties on Island Lakes Dr" to compare beds, baths, and sale history.
What are the property facts for 3397 Island Lakes Dr?
3397 Island Lakes Dr is a 3 bed, 3 bath, 2,863 sqft, 7,405 sqft lot single_family.
Is 3397 Island Lakes Dr a flip candidate?
No — 3397 Island Lakes Dr does not appear in our flips dataset.
Is 3397 Island Lakes Dr a tax-appeal candidate?
No — 3397 Island Lakes Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+6.3%
Implied 1-yr
+25.1%
2026 Q3
$1.02M
2026 Q4
$1.07M
ZIP 28461 — Median Price History + Forecast

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