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8229 S Old Oregon Inlet Road , Lot #54

Nags Head, NC 27959
  • $2,515,000
  • STATUS: Closed
  • ON SITE: 221 Days
  • MLS #: 123840
Sold - 12/22/2023
$2,515,000
SOLD - 12/22/2023
  • 10
    BEDS
  • 0.44
    ACRES
  • 7
    BATHS
  • 2
    1/2 BATHS
  • 4,516
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1999
County:

School Ratings & Info

Description

***Rental Income Producer**** In 2022 and 2023, the property generated a fantastic rental income of $268,000. Carolina Designs and Twiddy project at least $339,000 or more in rental income if seller opened the entire calendar. See projections in associated docs. Discover this irresistibly attractive waterfront property that has undergone an array of impressive enhancements. Embrace breathtaking, unhindered vistas of the ocean from this awe-inspiring 10-bedroom coastal retreat in South Nags Head, meticulously prepared for your immediate enjoyment. With an impressive 10% return on investment and a contemporary coastal ambiance, this home is an absolute turn-key opportunity, offering both the delights of a beachfront haven and strong, steady rental income. Recent aesthetic and functional updates were made with quality and sophisticated elegance in mind, including luxury vinyl plank flooring harmonizing the common areas, two top floor master suites with private bathrooms, stylish vanities adorned with Quartz countertops, upgraded light fixtures and toilets. Tastefully curated furnishings throughout this home, boast renowned brands such as Pottery Barn and West Elm. Indulge in delightful meals around the large custom dining table. Enjoy the recently expanded 2-level oceanside decks, with Trex decking and charming new wood composite furniture. The kitchen and wet bar feature beautiful granite countertops. Within the past year, the lower and mid-levels have been upgraded with two new AC condenser units. The roof and water heaters were replaced in 2021. The Top Level is a wide-open concept encompassing the main living area, kitchen, and dining spaces providing "to-die-for" ocean views with abundant natural light! The massive chef's kitchen has ample counterspace, eat-on bar for 5, granite countertops, stainless steel appliances, and plenty of cabinetry for all your storage needs. Additionally, this level boasts an inviting wine and coffee bar complete with a wine cooler, powder bath, and 2 generous size king ensuites with private baths. The mid-level includes two oceanfront king ensuite bedrooms with sliding glass doors leading to a covered deck complete with a soothing hot tub. This level offers three additional bedrooms, a utility closet with a washer/dryer, and the spacious and inviting front entry with a covered porch, an idyllic spot to relish Outer Banks sunsets. The lower level features a game room equipped with a pool table and an exciting new full size stand-up arcade game with 60 classic games, a wet bar with full size refrigerator, microwave, and a cozy sitting area. Also on this level is a full-sized laundry area, and three additional bedrooms (2 share a Jack and Jill bath), a full hall bath, and a powder room, with the convenience of direct access to the private 12'x32' heated pool. The property's highly sought after location lies between Jeannette's Pier and Outer Banks Fishing Pier, providing an unbeatable tranquil, non-commercial ambiance with effortless proximity to shops and restaurants. Notable nearby attractions include the Pea Island Wildlife Refuge, Oregon Inlet, two world-class fishing centers, Tanger Outlets, Historic Manteo, and Jockey's Ridge. This extraordinary oceanfront income-generating gem represents not only a prudent investment but also a splendid abode to savor for years to come.

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© 2024 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: 2024-06-12T23:38:01.92.
www.outerbanksrealtygroup.com/homes/145005980
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8229 S Old Oregon Inlet Road , Lot #54 Nags Head, NC 27959

  • Price: $2,595,000
  • Status: Closed
  • On Site: 221 Days
  • MLS #: 123840
10
Beds
7
Baths
2
½ Baths
0.44
Acres
4,516
SQFT
$0
$/SQFT
1999
Built
Neighborhood:
Bodie Isl Beach
County:
Dare
Area:
S. N.H. East/Old Oregon R
Property Description
***Rental Income Producer**** In 2022 and 2023, the property generated a fantastic rental income of $268,000. Carolina Designs and Twiddy project at least $339,000 or more in rental income if seller opened the entire calendar. See projections in associated docs. Discover this irresistibly attractive waterfront property that has undergone an array of impressive enhancements. Embrace breathtaking, unhindered vistas of the ocean from this awe-inspiring 10-bedroom coastal retreat in South Nags Head, meticulously prepared for your immediate enjoyment. With an impressive 10% return on investment and a contemporary coastal ambiance, this home is an absolute turn-key opportunity, offering both the delights of a beachfront haven and strong, steady rental income. Recent aesthetic and functional updates were made with quality and sophisticated elegance in mind, including luxury vinyl plank flooring harmonizing the common areas, two top floor master suites with private bathrooms, stylish vanities adorned with Quartz countertops, upgraded light fixtures and toilets. Tastefully curated furnishings throughout this home, boast renowned brands such as Pottery Barn and West Elm. Indulge in delightful meals around the large custom dining table. Enjoy the recently expanded 2-level oceanside decks, with Trex decking and charming new wood composite furniture. The kitchen and wet bar feature beautiful granite countertops. Within the past year, the lower and mid-levels have been upgraded with two new AC condenser units. The roof and water heaters were replaced in 2021. The Top Level is a wide-open concept encompassing the main living area, kitchen, and dining spaces providing "to-die-for" ocean views with abundant natural light! The massive chef's kitchen has ample counterspace, eat-on bar for 5, granite countertops, stainless steel appliances, and plenty of cabinetry for all your storage needs. Additionally, this level boasts an inviting wine and coffee bar complete with a wine cooler, powder bath, and 2 generous size king ensuites with private baths. The mid-level includes two oceanfront king ensuite bedrooms with sliding glass doors leading to a covered deck complete with a soothing hot tub. This level offers three additional bedrooms, a utility closet with a washer/dryer, and the spacious and inviting front entry with a covered porch, an idyllic spot to relish Outer Banks sunsets. The lower level features a game room equipped with a pool table and an exciting new full size stand-up arcade game with 60 classic games, a wet bar with full size refrigerator, microwave, and a cozy sitting area. Also on this level is a full-sized laundry area, and three additional bedrooms (2 share a Jack and Jill bath), a full hall bath, and a powder room, with the convenience of direct access to the private 12'x32' heated pool. The property's highly sought after location lies between Jeannette's Pier and Outer Banks Fishing Pier, providing an unbeatable tranquil, non-commercial ambiance with effortless proximity to shops and restaurants. Notable nearby attractions include the Pea Island Wildlife Refuge, Oregon Inlet, two world-class fishing centers, Tanger Outlets, Historic Manteo, and Jockey's Ridge. This extraordinary oceanfront income-generating gem represents not only a prudent investment but also a splendid abode to savor for years to come.
Exterior Features

Construction FrameWood Exterior ShakesVinyl Extras Beach AccessBoardwalk to BeachCeiling Fan(s)Covered DecksHot TubJet TubOutside LightingOutside ShowerPatioSmoke Detector(s)Sun Deck Foundation Piling Garage None Lot Description Beach FrontageWater Frontage Parking PavedOff Street Pool OutdoorIn GroundFiberglassHeatedPrivate Pool Pool Type Private Pool YN Yes Roads PavedPublic Roof Asphalt/Fiber Shingle Style Reverse Floor Plan View Description Ocean Waterfront Location Oceanfront

Interior Features

Air Conditioning CentralHeat PumpZoned Appliances DishwasherDryerMicrowaveRange/OvenRefrigerator w/Ice MakerWasher2nd Dishwasher2nd RefrigeratorWine Cooler Counter Tops GraniteQuartz Floor Coverings CarpetLuxury Vinyl Plank Furnishings Available YN Yes Heating CentralHeat PumpZoned Interior Features All Window TreatmentsCathedral Ceiling(s)EnsuitePantryWet Bar Optional Rooms FoyerGame RoomUtility Room

Property Features

Annual Rental Income 339520 Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventional Flood Expenses 919 Flood Zone AO Insurance Expenses 3996 Lease Terms Weekly Pool Spa Expense 4148 Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Sweet Melissa Rental Performance 0.135 Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2023 Taxes 11433.29 Water Municipal Yearly Cable Tv Expense 2463 Yearly Electric Expense 4753 Yearly Water Expense 1614 Zoning R2

Listing courtesy of Heather Vandermyde of Coldwell Banker Seaside Realty - KDH: C: 252-202-2375.


© 2024 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: 2024-06-12T23:38:01.92.
 
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Outer Banks Realty Group
PO Box 3009
Kitty Hawk NC, 27949