Under contract

(30) Under Contract -...

5004 S Virginia Dare Trail lot 4-5

Nags Head NC, 27959

$1,999,000


$494.56 per sqft

Under contract

(30) Under Contract -...

8 Beds

8 Baths

4,042 sqft

Residential

Built in 2005

HUGE PRICE IMPROVEMENT!!! $170,000 Already booked for 2025! Here's your next high-income investment opportunity in the Outer Banks: an 8-bedroom semi-oceanfront home in the heart of Nags Head. This property generated an impressive $242,700 in rental income for 2024, with $170,000 already booked for 2025, making it a standout choice for investors seeking substantial returns. The property is being sold fully furnished with all brand new furniture and rent-ready, this home offers immediate income potential.

The home underwent a complete renovation including a new roof, pool heater, floors, kitchen, fresh interior and exterior paint, all-new appliances and furniture, a new fence around the pool, new decks, and an updated elevator. These updates not only enhance the property's value but also ensure high occupancy rates.

Just minutes from private community beach access, this home features an elevator to every floor, making it accessible for guests of all ages. The spacious layout is perfect for large families or groups, further boosting its rental appeal. With a heated pool and a game room, the property provides year-round entertainment and is conveniently located near the best shopping, dining, and attractions Nags Head has to offer.

Make an offer to secure this luxury semi-oceanfront property today. This is not an opportunity you want to miss out!

126779

MLS ID

October 16, 2024

Listed

December 5, 2024

Updated

Map

5004 S Virginia Dare Trail lot 4-5
Nags Head NC, 27959

Interior Features

Bedrooms

8


Total Bathrooms

8


Full Bathrooms

7


Half Bathrooms

2


Interior Features

Pantry, Elevator, Walk-In Closet(s)


Appliances

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


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Level


Architectual Style

Reverse Floor Plan, Nags Head


Roof

Wood


Sewer

Shared Septic

Other Property Details

Area Name

Nags Head between hwys


Taxes

$6,705


Tax Frequency

Annually


Garage

No


Parking

Parking Lot, Paved


View

No


County

Dare


Water Source

Public


Pool

Yes


Pool Features

Outdoor Pool, Private


Waterfront

Yes


Zoning

SF2

Listing History

Date

Event

Price

11/26/2024

Under contract

10/29/2024

Price change

$1,999,000

-12%

Courtesy of Coldwell Banker Seaside Realty KH, May A Oo-Muuse,
Listing Contact:  

Based on information from Outer Banks Association of REALTORS® as of 12/5/2024. 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.

©2024 Outer Banks Association of REALTORS® all rights reserved.

Data last updated on 12/5/2024 at 6:40 PM UTC

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