Salvo, NC 27972,26397 Colony Drive #Lot 11
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Salvo, NC 27972,26397 Colony Drive #Lot 11
Salvo, NC 27972,26397 Colony Drive #Lot 11
Salvo, NC 27972,26397 Colony Drive #Lot 11
Salvo, NC 27972,26397 Colony Drive #Lot 11

$1,065,000

Est. payment /mo

$1,090,000

2.3%
Est.Price: ?

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26397 Colony Drive #Lot 11 Salvo, NC 27972

4 Beds

2 Baths

1,680 SqFt

SOLD DATE : 06/06/2023

Key Details

Sold Price $1,065,000

Property Type Single Family Home

Sub Type Single Family - Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,680 sqft

Price per Sqft $633

Subdivision Hatteras Colony

MLS Listing ID 121693

Sold Date 06/06/23

Bedrooms 4

Full Baths 2

Year Built 1973

Annual Tax Amount $3,349

Tax Year 2022

Property Description

With $121K owner gross YTD for 2023, you'd be hard pressed to find another 4 bedroom home that produces like this. That's backed up with $116K in 2022 so consistent as well. Never satisfied Beach Gem has undergone further updates this past off season with a new bathroom, updated kitchen, paint, stairs and more all done with rental income in mind. This money maker or better said Beach GEM is an incredible chance for the right buyer to jump into the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle that made our island the famous destination it became. Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle. Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front maintained by park service providing excellent protection from the storms that batter other oceanfront properties. In addition, the recently finished Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe aiming to improve access to the island. Oceanfront with private pool, in a protected and blossoming area of our beach, with rental income both past and present justifying the reasonable price. Schedule your showing now, before it's packed with renters for the Summer. One final note, Beach Gem has turned to private management for 2023, giving buyers the flexibility to chose who they want for a property manager. An underappreciated perk to educated buyers. Closed for updates January-March, Beach Gem currently has $121K on the books through AirBnB with $135K projected.

Location

State NC

County Dare

Area Salvo Oceanside

Zoning S1

Interior

Interior Features Dryer Connection, Some Windows Treated, Washer Connection

Heating Electric

Cooling Central

Flooring Carpet, Ceramic Tile

Appliance Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer

Exterior

Exterior Feature Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Tiki Bar, Inside Laundry Room

Garage Off Street, Unpaved

Pool Outdoor, In Ground, Fiberglass, Private Pool

Waterfront Description Oceanfront

View Ocean

Roof Type Asphalt/Fiber Shingle

Building

Lot Description Water Frontage

Foundation Piling

Sewer Private Septic

Water Municipal

Structure Type Shakes

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Conventional,VA,Jumbo Loan

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Listed by Ian Lassiter • Landmark Sotheby's International Realty
Bought with Stacey Baittinger • Landmark Sotheby's International Realty

Cameron Griggs

+1(919) 390-4537

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