Welcome to ''Shangri-La'' 2721 W Beach Drive, a truly spectacular oceanfront estate on the highly sought-after west end of Oak Island, where luxury, space, and income potential come together in one unmatched property. Current Rental Projection is IMPRESSIVE at 339,385! This home is equipped with an ELEVATOR and an oceanside elevated, heated POOL. With over 3,700 square feet, 10 generously sized bedrooms, and 7 bathrooms, this exceptional home offers the ultimate in comfort, relaxation, and income-producing opportunity—all just steps from the beach. Completely elevated in both style and design, the home has recently undergone impressive renovations and upgrades, including newly renovated first-floor bathrooms that provide a spa-like experience, an updated kitchen, flooring, new slider doors maximizing the ocean view, decor, and furniture throughout that elevate its appeal. Unlike many island homes that sacrifice comfort for capacity, this residence ensures every guest enjoys ample space and privacy, making it a standout among large rental properties.With a proven track record as a large income-producing property, the numbers speak for themselves: 286,625 on the books for 2024 — 265,000 in 2023 that's before accounting for the recent upgrades. This home isn't just a beautiful coastal getaway—it's a smart investment with real returns.Designed for effortless entertaining and laid-back luxury, the open-concept living area features a cozy fireplace, a chef's kitchen with new quartz countertops, and an expansive dining space—perfect for large groups. Upstairs, a second-floor media area with a wet bar, mini fridge, and TV lounge offers a relaxed spot to unwind. For those seeking ease and accessibility, the elevator serves all floors, so you can skip the stairs and focus on enjoying the views. Step outside to discover one of the home's most captivating features—an elevated in-deck swimming pool installed in 2020, offering sweeping views of the Atlantic Ocean from your private oasis. Take in the sea breeze from one of three oceanfront decks, or head directly down to the sand. Your private beach paradise awaits.