$1,400,000
$1,550,000
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5004 S Virginia Dare Trail #Lot 4-5 Nags Head, NC 27959
8 Beds
8 Baths
4,042 SqFt
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type Single Family - Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,042 sqft
Price per Sqft $346
Subdivision Vil-Nh Elliott Estates
MLS Listing ID 117162
Sold Date 05/13/22
Style Cape Cod,Contemporary,Nags Head
Bedrooms 8
Full Baths 7
Half Baths 2
HOA Fees $33/ann
Year Built 2005
Annual Tax Amount $6,315
Tax Year 2021
Lot Size 7,405 Sqft
Acres 0.17
Property Description
"The Capes" have been well known among Nags Head Vacationers for many years. They are known for providing amazing hospitality and accommodations for wedding parties or family reunions. These four (4) similar homes are meticulously maintained and do not show the typical wear of other rentals with similar rental numbers. The current owners close the homes after Thanksgiving to begin working on them and preparing for the next year. These homes have a great ROI and turnkey. Just under 200 yards to the beach access, the sun and sand awaits you! This home is the perfect combination of the Old Nags Head's head rustic feel and modern coastal luxury. Cape Ann boasts eight (8) bedrooms and seven (7) full bathrooms along with two (2) 1/2 baths. The bedroom on the lowest level is handicap friendly and all rooms are wheel chair accessible. The top level & ships watch showcase the Outer Banks main attraction - the ocean! Great views can be had from the rooms facing the ocean. The open living space flows into the kitchen making it perfect for entertaining and including everyone in the fun. Sporting lots of decks and seating, taking your plate outdoors to enjoy the views may be a popular idea! The game/rec room is perfectly proportioned to the size of the home. It is large and spacious with a pool table, foosball and air hockey. This space makes for an incredible game night in with activities for everyone. There is additional seating (a table with chairs & bar stools), mini fridge and wet bar. Exiting the Rec room and leading out to the pool & hot tub area you will find a private oasis. The area around the pool is spacious with lots of pool loungers and space for outdoor entertaining. Cape Ann has a great rental history with potential for more. Cape Ann is the only one of the homes that is not Pet Friendly. Making the change would certainly increase income. Adding a pool heater for offseason rentals is another opportunity for higher rental numbers.
Location
State NC
County Dare
Area Nags Head Between Hwys
Zoning RES
Interior
Interior Features Master Bath (Ensuite)
Heating Central, Electric, Forced Air
Cooling Central
Flooring Carpet, Tile, Wood Laminate
Appliance 2nd Dishwasher, Microwave, Refrigerator
Exterior
Exterior Feature Elevator
Parking Features Parking Lot, Under
Pool In Ground, Private Pool
Waterfront Description Semi-Oceanfront (2nd row)
View Ocean
Building
Sewer Community Septic
Water Municipal
Structure Type Shakes
Others
Acceptable Financing Conventional
Listing Terms Conventional
Read Less
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Bought with Brook Sparks • Coldwell Banker Seaside Realty KH