This vintage oceanfront cottage tucked into the dunes provides a rare opportunity to own nearly an acre of oceanfront land on a 100-foot wide lot. The value of this property is in the land and the development potential. Subdivide into two oceanfront parcels, tap into the sewer system (KDHWWTP) to develop a cottage court or larger home, or restore the classic OBX cottage for the enjoyment of generations to come. This property is conveniently located near the Nags Head & Kill Devil Hills town line and is within walking distance of local restaurants, breweries, and groceries. Built-in 1970, the cottage has 4 spacious bedrooms - 2 bedrooms with ocean views, and 2.5 bathrooms. Tall cathedral ceilings and an approximately 500 square feet screened-in porch with ocean views add to the charm and character of this classic beach cottage. The healthy dune system adds privacy and ambiance to the oceanfront decks and beach access. The property has an X flood zone west of the dune and a VE flood zone on the oceanside of the property. This home was used as a second family home for decades and has recently been on the vacation rental market with a conservative rental history of $50k.