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8149 Caratoke Highway , Lot 0

Powells Point, NC 27966
  • $2,100,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 118547
UPDATED: 83 min ago
$2,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
None
Type:
Vacant Land / Lots
County:
Currituck
Area:
Pt. Harbor to Powells Pt.

School Ratings & Info

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Description

Over 21 Acres in Wonderful Currituck County just minutes from the Bridge to the Outer Banks Ocean Beaches. DEVELOPER in process of seeking County Approval for a 60 Unit Townhouse Project just minutes from the OBX Beaches. Ponder upon this opportunity for a moment. A PLANNED GATED COMMUNITY that has been named "Currituck Way" that will consist of 60, 3 BR units approx. 1500 heated sq. ft. each, with a garage, Community Clubhouse, an Amenity Area and all the infrastructure planned to a point that it is being reviewed by the county for approval. This is a perfect fit for developers, a buyer in a 1031 Tax Free Exchange position looking for passive cash flow. The need for housing in the Outer Banks makes this a perfect fit for, once developed, a "Buy to Rent" plan that translates into FANTASTIC Income! The going rate for New or Newer 3 BR, 3 BA are reaching records levels due to supply and demand issues.

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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: 2022-05-22T23:37:51.537.
www.outerbanksrealtygroup.com/homes/127881819
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8149 Caratoke Highway , Lot 0 Powells Point, NC 27966

  • Price: $2,100,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 83 min ago
  • MLS #: 118547
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
None
County:
Currituck
Area:
Pt. Harbor to Powells Pt.
Property Description
Over 21 Acres in Wonderful Currituck County just minutes from the Bridge to the Outer Banks Ocean Beaches. DEVELOPER in process of seeking County Approval for a 60 Unit Townhouse Project just minutes from the OBX Beaches. Ponder upon this opportunity for a moment. A PLANNED GATED COMMUNITY that has been named "Currituck Way" that will consist of 60, 3 BR units approx. 1500 heated sq. ft. each, with a garage, Community Clubhouse, an Amenity Area and all the infrastructure planned to a point that it is being reviewed by the county for approval. This is a perfect fit for developers, a buyer in a 1031 Tax Free Exchange position looking for passive cash flow. The need for housing in the Outer Banks makes this a perfect fit for, once developed, a "Buy to Rent" plan that translates into FANTASTIC Income! The going rate for New or Newer 3 BR, 3 BA are reaching records levels due to supply and demand issues.
Exterior Features

Lot Description LevelCleared Roads PavedPublic Waterfront Location None

Interior Features

Timber No

Property Features

Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Documents On File Perc TestSite Evaluation Electric Available Estimated Annual Fee 0 Financing Options CashOwner Finance 1st Flood Zone X Land Type Acreage Possession Closing Potential Short Sale No Sewer Septic None Tax Year 2021 Taxes 1505.58 Water None Zoning Ag

Listing courtesy of Michael Bishal of Great Escapes Realty: 252-267-0968.


© 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: 2022-05-22T23:37:51.537.
 
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Outer Banks Realty Group
PO Box 3009
Kitty Hawk NC, 27949