2233 S Virginia Dare Trail, Nags Head, NC 27959

$1,699,000
8
BD
8
BA
4,630
SqFt
List Price
$1,699,000
Price Change
▼ $25,900 1581108959
MLS#
107756
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
8
Bathrooms
8
Full-baths
7
Half-baths
1
Living Area
4,630
Neighborhood
Nags Head Shores

Property Description

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!

Additional Information

Air Conditioning
Central, Heat Pump
Appliances
Countertop Range, Disposal, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
Construction
Frame, Wood
Countertops
Granite, Silestone
Siding
Cement Fiber Board
Extras
Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Security System, Sun Deck, Dry Entry, Inside Laundry Room
Floor Coverings
Carpet, Ceramic Tile, Marble, Vinyl Tile, Plank
Foundation
Piling, Slab
Garage
Carport
Heating
Central, Heat Pump
Interior Features
9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Gas Fireplace, Master Bath, Walk in Closet, Wet Bar, First Floor Master
Lot Description
Beach Frontage, Water Frontage
Optional Rooms
Breakfast Nook, Foyer, Game Room, Loft, Office
Parking
Off Street, Under
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Reverse Floor Plan, Coastal
View
Ocean
Well
Municipal
Zip
27959
Neighborhood
Nags Head Shores
Lot Dimension
50 x 485
Year Built
2002
Directions
Oceanfront by Gallery Row, just North of Driftwood Street.
County
Dare
Annual Rental Income
178601
Rental Co
Village Realty
Rental Cottage #
JR12
Rental Cottage Name
Carolina Dream
Furnishings Available
Yes
Bill of Sale in $
Yes
Bill of Sale Amt
1
Annual Rental Income$
178601
Rental Performance
0.1051
Yearly Expense Act/Est
Actual
Yr Electric Expense
7293
Yr Water Expense
1491
Insurance Expenses
$1,964
Flood Expenses
739

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Outer Banks Realty Group.

Listed by Mark Massey

Copyright 2020 Outer Banks Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.

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