Skip To Content

8323 S Old Oregon Inlet Road , Lot 69 Par70

Nags Head, NC 27959
  • $1,700,000
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • MLS #: 124368
Under Contract
UPDATED: 86 min ago
$1,700,000
  • 14
    BEDS
  • 0.75
    ACRES
  • 6
    BATHS
  • 2
    1/2 BATHS
  • 1,738
    SQFT
  • $978
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Nestled in the highly sought-after area of South Nags Head, this extraordinary 32,500 square foot oceanfront parcel represents a unique opportunity. Currently, the property boasts three well-maintained single-family rental homes, collectively bringing in an impressive $140,000 in annual rental income. These include a classic 5-bedroom, 2-bathroom oceanfront cottage with direct beach access, a rooftop sundeck, and a private hot tub; a traditional 5-bedroom semi-oceanfront home just a short 150-foot stroll to the beach; and a contemporary 4-bedroom, 2.5-bathroom home equipped with a game room, only two lots back from the oceanfront. Each home offers magnificent views and a taste of the idyllic Outer Banks lifestyle. However, the true value of this offering lies in its unparalleled potential. Given its sizable expanse and prime location, this parcel presents a once-in-a-lifetime chance for the discerning buyer to envision and create a magnificent beachfront estate. The option to remove the existing structures and build anew opens the door to endless possibilities, tailor-made to meet the most exclusive tastes and standards. This property's allure is further enhanced by its rarity in the current market, where oceanfront land in the area is scarce. Priced close to the land value alone, it stands as an exceptional opportunity for investment or for crafting a personal coastal sanctuary. Located a short drive from local shopping, water sports, Jennettes Pier, and historical sites, the property allows for the enjoyment of both stunning Carolina sunrises and sunsets, thanks to its east and west water vistas. South Nags Head, stretching down to Mile Post 25 and adjacent to the Pea Island Wildlife Refuge, is known for its serene setting and natural beauty. Close to the Cape Hatteras National Seashore, home to the famous bird sanctuary and Pea Island reserve, this area offers a tranquil escape from the hustle and bustle, with less light pollution and a more authentic, old-school OBX experience. This is more than just a property; its an opportunity to own a piece of the Outer Banks charm, a canvas awaiting a vision, in one of the most coveted locations on the coast.

Monthly Payment Calculator



© 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: 2024-02-22T11:38:10.35.
www.outerbanksrealtygroup.com/homes/146714047
Print Image

8323 S Old Oregon Inlet Road , Lot 69 Par70 Nags Head, NC 27959

  • Price: $1,700,000
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 86 min ago
  • MLS #: 124368
14
Beds
6
Baths
2
½ Baths
0.75
Acres
1,738
SQFT
$978
$/SQFT
1900
Built
Neighborhood:
Bodie Isl Beach
County:
Dare
Area:
Nags Head Oceanside
Property Description
Nestled in the highly sought-after area of South Nags Head, this extraordinary 32,500 square foot oceanfront parcel represents a unique opportunity. Currently, the property boasts three well-maintained single-family rental homes, collectively bringing in an impressive $140,000 in annual rental income. These include a classic 5-bedroom, 2-bathroom oceanfront cottage with direct beach access, a rooftop sundeck, and a private hot tub; a traditional 5-bedroom semi-oceanfront home just a short 150-foot stroll to the beach; and a contemporary 4-bedroom, 2.5-bathroom home equipped with a game room, only two lots back from the oceanfront. Each home offers magnificent views and a taste of the idyllic Outer Banks lifestyle. However, the true value of this offering lies in its unparalleled potential. Given its sizable expanse and prime location, this parcel presents a once-in-a-lifetime chance for the discerning buyer to envision and create a magnificent beachfront estate. The option to remove the existing structures and build anew opens the door to endless possibilities, tailor-made to meet the most exclusive tastes and standards. This property's allure is further enhanced by its rarity in the current market, where oceanfront land in the area is scarce. Priced close to the land value alone, it stands as an exceptional opportunity for investment or for crafting a personal coastal sanctuary. Located a short drive from local shopping, water sports, Jennettes Pier, and historical sites, the property allows for the enjoyment of both stunning Carolina sunrises and sunsets, thanks to its east and west water vistas. South Nags Head, stretching down to Mile Post 25 and adjacent to the Pea Island Wildlife Refuge, is known for its serene setting and natural beauty. Close to the Cape Hatteras National Seashore, home to the famous bird sanctuary and Pea Island reserve, this area offers a tranquil escape from the hustle and bustle, with less light pollution and a more authentic, old-school OBX experience. This is more than just a property; its an opportunity to own a piece of the Outer Banks charm, a canvas awaiting a vision, in one of the most coveted locations on the coast.
Exterior Features

Construction BlockFrameWood Exterior ShakesSheet Siding Extras Beach AccessHot TubOutside LightingOutside ShowerSun Deck Foundation MasonryPiling Garage Attached2 CarCarport Lot Description Beach FrontageLevel Parking PavedOff StreetUnder Pool YN No Roads PavedPublic Roof Asphalt/Fiber Shingle Style BungalowReverse Floor PlanCoastal View Description Ocean Waterfront Location Oceanfront

Interior Features

Air Conditioning CentralHeat Pump Appliances DishwasherDryerMicrowaveRange/OvenRefrigeratorWasher Counter Tops Laminate Floor Coverings CarpetCeramic TileVinylWood Laminate Furnishings Available YN Yes Heating ElectricForced Air Interior Features Dryer Connection

Property Features

Annual Rental Income 178408 Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventionalJumbo Loan Flood Zone VEXAO Lease Terms Weekly Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Port'O Call 1II & III Rental Performance 0.1049 Residential Type Multi-Family 2-4 Units Sewer Septic Private Septic Tax Year 2023 Taxes 5194.62 Water Municipal Zoning R2

Listing courtesy of Trisha Midgett of Midgett Realty - Rodanthe: C: 252-475-7947.


© 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: 2024-02-22T11:38:10.35.
 
https://bt-photos.global.ssl.fastly.net/obxmls/orig_boomver_1_124368-2.jpg https://bt-photos.global.ssl.fastly.net/obxmls/orig_boomver_1_124368-2.jpg https://bt-photos.global.ssl.fastly.net/obxmls/orig_boomver_1_124368-2.jpg
Logo
Outer Banks Realty Group
PO Box 3009
Kitty Hawk NC, 27949