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, Jennette's 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; it's 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.