Sold

8323 S Old Oregon Inlet Road Lot 69 Par70

Nags Head NC, 27959

$1,700,000


$978.14 per sqft

Sold

14 Beds

7 Baths

1,738 sqft

Multi-family

Built in 1900

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.

124368

MLS ID

January 20, 2024

Listed

February 28, 2024

Updated

Map

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

Interior Features

Bedrooms

14 Beds


Bathrooms

7 Baths


Interior Features

Carpet, Ceramic Tile, Vinyl, Laminate


Appliances

Dishwasher, Refrigerator, Dryer, Microwave, Oven, Range, Washer


Floor Description

Carpet, Ceramic Tile, Vinyl, Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Heat Pump, Electric, Forced Air

Exterior/Building Features

Lot Size

0.75 Acres


Lot Features

Level


Architectual Style

Bungalow, Reverse Floor Plan, Coastal


Roof

Asphalt


Sewer

Septic Tank

Other Property Details

Area Name

Nags Head Oceanside


Taxes

$5,195


Tax Frequency

Annually


Days on Market

3


Garage

Yes


Garage Spaces

2


Parking

Off Street, Attached


Parking Total

2


View

Yes


View Description

Ocean


County

Dare


Water Source

Public


Pool

No


Waterfront

Yes


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/27/2024

Sold

1/20/2024

Pending

Courtesy of Midgett Realty - Rodanthe, Trisha Midgett,
Listing Contact: 2529960124 

Based on information from Outer Banks Association of REALTORS® as of 2/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated on 2/28/2024 at 6:57 AM UTC

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