Upscale, high quality home, in great condition, with panoramic ocean views, generating high annual rental income, in one of the nicest and most stable oceanfront locations: High Income Ratio over 10%; check. High quality construction, attractive & functional design, good condition & owner care; check. Protected / stable location, solid dune line, great views, quiet beach; double check! This property checks all the boxes and provides a great investment vacation home value for a buyer. High 2019 owners rents of $178,601 (with one owner week of 6/22 added back in), $199,000 2019 advertised rents, and higher totals expected for 2020 with rate increase! Seeking a high end, great condition, & well cared for Oceanfront home, with the safest and most stable dune around, with a wide quiet beach, amazing views, and great rental numbers...?... well this "Carolina Dream" home is it! Truly custom built with high-end finishes throughout, positioned on a large, deep, well landscaped lot, along one of the nicest stretches of the beach on the Outer Banks. The open home design offers dramatic Ocean Views thru the 32' of East facing glass and from the extensive decking. Floorplan provides large living areas, 8 bedrooms with 7 masters, high-end gourmet kitchen w/ granite counters, mid level sitting area / office, rec room with pool table & wet bar, loft, breakfast nook, many areas to spread out. This well thought out home offers everything renters desire, including custom gunite heated pool, with attached kiddie pool, built-in hot tub, new 2nd hot tub (2020), ELEVATOR, 2 wet bars, large dune top deck with built in seating, etc, etc. Upscale kitchen and baths, with quality cabinets, granite counter tops, backsplash tile, stainless steel appliances. Each bathroom is a showplace, all with granite or silestone vanity tops, no builders grade here, all baths tile or marble, upgraded Kohler plumbing fixtures, full height beveled mirrors, (4)custom tile showers including a handicap friendly room & bath. Professionally decorated and accessorized, with all the electronics you should expect in a luxury home. Very well maintained by conscientious quality minded owners, with new, low maintenance Luxury Vinyl Tile flooring in hallways and common areas, new 2019 roof, 2019 pool whitecoat. The benefit of the fully vegetated dune and this accreting beach can't be overstated, and provides the protection desired on the Oceanfront. Never any storm damage! Sodded, irrigated, attractive landscaped grounds. Convenient central location, use Nags Head's detached bike bath to walk to Red Drum, Surfing Spoon, Harris Teeter and others. With the best combination of bedrooms, features, amenities, location, this property produces high, consistent rental income with increases year after year. Rental Ratio over 10%, with a ready to enjoy property. (Call for cash flow analysis) Perfect opportunity for a buyer / investor to close prior to 2020 rental season with no off season carrying costs. All off season updates, including off season maintenance, deep clean, etc, done by homeowners (see update list in associated documents). (Listed rental income reflects in-season owner use, see rental reports) This home will be a pleasure to show and own, call for an appointment to view today!
Listing courtesy of Outer Banks Realty Group.
Listed by Mark Massey
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