$770,000
$799,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
8717 S Old Oregon Inlet Road #Lot 6 Nags Head, NC 27959
5 Beds
4 Baths
2,600 SqFt
Key Details
Sold Price $770,000
Property Type Single Family Home
Sub Type Single Family - Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $296
Subdivision Hollywood Beach
MLS Listing ID 108097
Sold Date 03/30/20
Style Reverse Floor Plan
Bedrooms 5
Full Baths 4
Year Built 1987
Annual Tax Amount $6,230
Tax Year 2019
Lot Size 0.540 Acres
Acres 0.54
Property Description
You’ll need to see this South Nags Head Oceanfront Best Buy!...2020 is the first season it's open for all seasons!..$54,930 for 2020 already…potential to have $80,000!...based on mid April through October full occupancy!...10% gross return!.. $96,875. advertised rental income projection with an added private pool and hot tub...11.3% gross return! The road to ocean homesite creates a very private feel….it’s like having your own beach! Incredible workmanship by Gibbs Construction. THE HOME HAS NEW PAINTED HARDEEPLANK SIDING, TRIM, SOFFITS, FASCIA, SUN DECKS, RAILINGS, PICKETS, AND TWO STAIRWELLS, PLUS A NEW ARCHITECTURAL ROOF. It’s an ideal vacation rental home. The moment you open the front door and see the dramatic two story foyer, it says welcome with a comfortable, inviting, bright and beachy feel. White Atlantic Cedar accent walls create an Old Nags Head cottage feel. Sit and watch the sunrises, dolphins and beach-goers from the dune-top deck or the wet bar with icemaker!...Vacationers love it!.. RECENT UPGRADES INCLUDE BATH LIGHT FIXTURES, KITCHEN UPGRADES INCLUDING A TILE BACK-SPLASH AND NEWER STAINLESS KITCHEN APPLIANCES, AND NEW LIVING ROOM FURNITURE. A full season rental projection $68,500….add a pool and hot tub and watch the rents soar! 2019 advertised rental income is $56,620 which includes many owner weeks and limited availability. Current survey in associated docs (pool addition will need lot coverage modification). Private walkway to the beautiful re-nourished beaches. Incredible central location with a very short walk to the Outer Banks Fishing Pier and Fish Heads Bar and Grill. Quick drive to the Jennette's Pier, Manteo waterfront, Oregon Inlet, and Cape Hatteras National seashore. Worth taking a look... for price, condition and location, it is a best buy for under $800,000!
Location
State NC
County Dare
Area S. N.H. East/Old Oregon R
Zoning Res
Interior
Interior Features All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Master Bath, Washer Connection, Wet Bar, Wood Fireplace
Heating Central, Heat Pump
Cooling Central, Heat Pump
Flooring Carpet, Vinyl
Appliance Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Beach Access, Boardwalk to Beach, Covered Decks, Jet Tub, Outside Shower, Storage Shed, Sun Deck
Waterfront Description Oceanfront
View Ocean
Roof Type Asphalt/Fiber Shingle
Building
Lot Description Beach Frontage, Water Frontage
Foundation Piling
Sewer Private Septic
Water Municipal
Structure Type Cement Fiber Board
Others
Acceptable Financing Jumbo Loan
Listing Terms Jumbo Loan
Financing Cash,Conventional,Jumbo Loan
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Bought with Matt Huband • OBX Realty Group, LLC