Sold: 18 Pelican Street on North Forest Beach - Prime Beachside Investment on a Rare Corner Lot
Golden Homes is proud to highlight the successful sale of 18 Pelican Street on Hilton Head Island, a standout property in the highly desirable North Forest Beach neighborhood. Just steps from the beach and situated on a large corner lot, this home offered an incredible combination of location, privacy, and income potential, making it a true gem in the Hilton Head Island real estate market.
This was an especially exciting transaction because our buyers were savvy investment clients who recognized the upside immediately. Today, the property is performing exceptionally well as a short term rental and is producing at over a 13 percent cap rate, a rare achievement for a beachside home on Hilton Head Island.
Unbeatable North Forest Beach Location
North Forest Beach remains one of the most sought after areas on Hilton Head Island thanks to its walkability, strong vacation rental demand, and proximity to Coligny Plaza’s shops, dining, and entertainment. Properties this close to the ocean rarely become available, and when they do, they attract serious interest from both lifestyle buyers and investors.
18 Pelican Street delivers the ultimate beachside experience. Owners and guests can bike or walk to the sand in minutes while still enjoying a quiet residential setting tucked away from heavy traffic. This balance of accessibility and tranquility is exactly why North Forest Beach investment properties continue to be some of the most desirable on the island.
Large Corner Lot – A Rare Find Near the Beach
One of the most special features of 18 Pelican Street is its oversized corner lot, which is uncommon in established beachside communities. Larger parcels near the ocean provide added privacy, outdoor living potential, and long term redevelopment flexibility that smaller lots simply cannot match.
For investors, lot size plays a major role in guest experience and rental appeal. Space for a pool, outdoor lounge areas, and expanded landscaping can significantly increase booking demand and nightly rates. This property checked all of those boxes.
Detached Garage Adds Value and Function
Another standout feature is the beautiful detached garage, offering valuable storage and versatility. In a vacation rental property, secure space for bikes, golf carts, beach gear, and recreational equipment is a major advantage. It enhances both guest experience and owner convenience, while also adding long term functional value to the home.
Unique features like this help properties stand out in the competitive Hilton Head Island short term rental market.
A High Performing Hilton Head Island Investment Property
What truly makes this sale remarkable is the performance. With strong rental demand in North Forest Beach and the property’s exceptional features, our investor clients secured a home that is now generating impressive cash flow and a cap rate exceeding 13 percent.
Opportunities to acquire a home this close to the beach with this level of return are extremely limited. This sale is a perfect example of how the right purchase on Hilton Head Island can combine lifestyle enjoyment with serious investment performance.
Another Strategic Investment Success by Golden Homes
Golden Homes was honored to represent the buyers in this transaction and help them secure such a high quality asset. Our deep understanding of Hilton Head Island investment properties, rental performance trends, and neighborhood dynamics allows us to identify opportunities others might miss.
Looking to Invest in North Forest Beach?
If you are considering buying an investment property on Hilton Head Island, especially in high demand areas like North Forest Beach, having a team that understands both lifestyle and financial performance is critical.
Golden Homes specializes in helping investors, second home buyers, and sellers maximize opportunity in the Hilton Head Island market.
