Welcome to your semi-oceanfront retreat in the prestigious St Waves subdivision, where luxury meets the laid-back beach lifestyle. This stunning4-bedroom, 3-bath home, set on a spacious 20,000 sq ft lot, not only offers the perfect blend of comfort and elegance but also shines as a remarkable rental performer, boasting over $47K in rentals for 2023 and already 42K for 2024. Enjoy the privacy of your solar-heated pool or take advantage of the community pool and tennis courts for endless outdoor fun. The home unfolds beautifully across three levels, each designed with relaxation and enjoyment in mind. The ground level is a private haven by the pool, perfect for soaking up the sun in peace. Moving up, the mid-level features a versatile king bedroom, a playful twin room, and a queen en suite, ensuring comfort for both family and guests. The crowning jewel, the top level, features an open-plan great room with soaring cathedral ceilings, a sleek modern kitchen, and a dining area that leads to another luxurious king en suite. Decks on both sides of the house offer stunning views, from the majestic ocean to the tranquil lake, ensuring every moment at home feels like a picturesque getaway. Positioned in Waves, a paradise for water sports aficionados, this home is ideally located for anyone eager to dive into kiteboarding, surfing, or enjoying the breathtaking sunsets over the Pamlico Sound. With attractions like Real Watersports and Watermen's Bar & Grill just moments away, adventure and relaxation are always within reach. This property isn't just a house; it's a proven gateway to a dream lifestyle by the sea and a lucrative investment opportunity. Embrace the chance to make it yours and soak in the best of coastal living, enhanced by its impressive rental performance.