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3501 S Virginia Dare Trail , Lot A

Nags Head, NC 27959
  • $2,750,000
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: 119688
UPDATED: 27 min ago
$2,750,000
  • 8
    BEDS
  • 0.46
    ACRES
  • 6
    BATHS
  • 2
    1/2 BATHS
  • 4,104
    SQFT
  • $670
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2003
County:

School Ratings & Info

Description

INCREDIBLE $309,847 RENTS YTD 2022 as of 11/1/22 ... This is an 11% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... Note: Some photos on loan from Beach Realty Kitty Hawk Rentals with permission and may not reflect the exact interior look or current furnishings. See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 Rents are $309,847 as of 11-1-2022 ... An 11% RETURN! *** 2023 is Booking now! *** Owner projecting 2023 rents will be $400,000 *** You will love this Oceanfront Home ... Come see!

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© 2022 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Outer Banks Realty Group. Data last updated: 2022-12-06T07:37:49.55.
www.outerbanksrealtygroup.com/homes/130896829
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3501 S Virginia Dare Trail , Lot A Nags Head, NC 27959

  • Price: $2,750,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 27 min ago
  • MLS #: 119688
8
Beds
6
Baths
2
½ Baths
0.46
Acres
4,104
SQFT
$670
$/SQFT
2003
Built
Neighborhood:
Geo T Stronach
County:
Dare
Area:
Nags Head Oceanside
Property Description
INCREDIBLE $309,847 RENTS YTD 2022 as of 11/1/22 ... This is an 11% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... Note: Some photos on loan from Beach Realty Kitty Hawk Rentals with permission and may not reflect the exact interior look or current furnishings. See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 Rents are $309,847 as of 11-1-2022 ... An 11% RETURN! *** 2023 is Booking now! *** Owner projecting 2023 rents will be $400,000 *** You will love this Oceanfront Home ... Come see!
Exterior Features

Construction FrameWood Exterior ShakesVinyl Extras Beach AccessBoardwalk To BeachCeiling Fan(S)Covered DecksElevatorFenced YardHandicap FriendlyHot TubJet TubLandscapedLawn SprinklersOutside LightingOutside ShowerSmoke Detector(S)Sun DeckTiki BarRoof Top DeckDry EntryInside Laundry Room Foundation PilingSlab Garage 1 CarAttachedCarport Lot Description Beach FrontageLevelWater Frontage Lot Faces East Lot Size Dimensions 50 X 410 Parking Off StreetPavedUnder Pool ConcreteHeatedIn GroundOutdoorPrivate Pool Pool YN Yes Roads PavedPublic Roof Asphalt/Fiber Shingle Street Frontage 50 Style CoastalContemporaryCottageReverse Floor Plan View Description Ocean Water Frontage 50 Waterfront Location Oceanfront

Interior Features

Air Conditioning Heat PumpZoned Appliances 2nd Dishwasher2Nd RefrigeratorDishwasherDryerMicrowaveRange/OvenRefrigeratorRefrigerator W/Ice MakerWasher Counter Tops Laminate Dining Room Level 3 Dining Room Size Great Rm Family Room Level 1 Family Room Size Game Rm Floor Coverings CarpetTile Furnishings Available YN Yes Heating ElectricHeat PumpZoned Interior Features All Window TreatmentsCathedral Ceiling(S)Dryer ConnectionEnsuiteGas ConnectionGas FireplaceIce Maker ConnectionPantryWasher Connection Kitchen Level 3 Kitchen Size Open Living Room Level 3 Living Room Size Awesome Optional Rooms Game RoomHome Theater

Property Features

Annual Rental Income 299470 Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventionalJumbo Loan Flood Zone VeX Full Subdivision Name George T. Stronach Insurance Expenses 6404 Lease Terms Weekly Other Expenses 2925 Other Expenses2 3000 Other Expenses3 12250 Pool Spa Expense 4110 Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Joshua's Tiki Hut Rental Performance 0.1089 Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2021 Taxes 12066 Water Municipal Yearly Cable Tv Expense 775 Yearly Electric Expense 6400 Yearly Telephone Expense 828 Yearly Water Expense 1600 Zoning Cr

Listing courtesy of John Leatherwood of Coldwell Banker Seaside Realty Kh: C: 252-202-3834.


© 2022 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Outer Banks Realty Group. Data last updated: 2022-12-06T07:37:49.55.
 
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Outer Banks Realty Group
PO Box 3009
Kitty Hawk NC, 27949