Oak Island has two beach communities: Caswell Beach and the Town of Oak Island. Both of these communities have many resort rentals, but they are overwhelmingly occupied by permanent residents with the population in Caswell Beach being more than 500 and that of the Town of Oak Island being nearly 9,000. And why not? Many people who have been vacationing here for the fishing, swimming, watersports and the natural beauty of the area end up retiring to this family-oriented island. Caswell Beach, which is named for Fort Caswell (c. 1826), is a quiet family town where magnificent views of both the Atlantic Ocean and the Intracoastal Waterway can be had from the second floor of homes on the east end of the island. It is also home to the U.S, Coast Guard Station and the Oak Island Lighthouse, which has the second brightest light in the world. Housing developments here include the Arboretum and Ocean Greens.
The Town of Oak Island is the largest geographical area on the island. It has recently annexed territory on the mainland side of the mile-long high-rise bridge which connects the two. Included in this territory is South Harbour Village, a PUD. A second bridge to the island has been built and the town has also annexed mainland where the bridge meets NC 211. You will find restaurants, nightlife, shopping at small boutiques, miniature golf, a recreation center and other attractions on the island. In fact it has the largest commercial district of all the Brunswick County islands. The miles of south-facing beaches afford opportunities for recreational activities, including swimming, surfing, volleyball, dolphin-watching, surf-fishing and more. There are 65 beach accesses and two fishing piers located here, and fishing tournaments abound.
The few small developments on the island include Oceanside at Oak Island, East Beach and Turtle Creek by the Sea. Condominiums include Southern Shore Villas, Savannah Crossing, Long Bay Commons and Yaupon Dunes. At the center of the island, you can expect to pay from $60,000 to over $700,000 for a home depending on the style of the house. Oceanside properties from $120,000 to over $1 million, and Intracoastal Waterway properties from $350,000 to $800,000. Condos and town homes on the island and mainland may range from $85,000 to $699,000 and lots from $60,000 to $700,000, again depending on location.