Nags Head, NC 27959,8717 S Old Oregon Inlet Road #Lot 6

$770,000

Est. payment /mo

$799,000

3.6%
Est.Price: ?

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8717 S Old Oregon Inlet Road #Lot 6 Nags Head, NC 27959

5 Beds

4 Baths

2,600 SqFt

SOLD DATE : 03/30/2020

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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Outer Banks MLS (OBMLS)
Listed by Daniel Fenyak • Outer Banks Blue Realty Srvcs.
Bought with Matt Huband • OBX Realty Group, LLC

Cameron Griggs

+1(919) 390-4537

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