$1,065,000
$1,090,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
26397 Colony Drive #Lot 11 Salvo, NC 27972
4 Beds
2 Baths
1,680 SqFt
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright © 2024 Outer Banks Association of Realtors. All rights reserved.
Bought with Stacey Baittinger • Landmark Sotheby's International Realty