3501 S Virginia Dare Trail, Nags Head, NC 27959

$2,899,000
8
BD
8
BA
4,104
SqFt
List Price
$2,899,000
Price Change
▼ $100,500 1662418902
MLS#
119688
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
8
Bathrooms
8
Full-baths
6
Half-baths
2
Living Area
4,104
Neighborhood
Geo T Stronach

Property Description

*** $303,429 RENTS YTD 2022 as of 9/13/22!!! This is an 11% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... Note: Some photos on loan from Beach Realty Kitty Hawk Rentals with permission and may not reflect the exact interior look or current furnishings. See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 already at $303,429 as of 9-13-2022!!! An 11% RETURN! *** This is Oceanfront at its best ... Come see!

Additional Information

Air Conditioning
Heat Pump, Zoned
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
Construction
Frame, Wood
Countertops
Laminate
Siding
Shakes, Vinyl
Extras
Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar, Roof Top Deck, Dry Entry, Inside Laundry Room
Floor Coverings
Carpet, Tile
Foundation
Piling, Slab
Garage
Attached, 1 Car, Carport
Heating
Electric, Heat Pump, Zoned
Interior Features
All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection
Lot Description
Beach Frontage, Level, Water Frontage
Optional Rooms
Game Room, Home Theater
Parking
Paved, Off Street, Under
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Contemporary, Reverse Floor Plan, Coastal, Cottage
View
Ocean
Well
Municipal
Zip
27959
Neighborhood
Geo T Stronach
Lot Dimension
50 x 410
Year Built
2003
County
Dare
Annual Rental Income
299470
Rental Co
Beach Realty & Construction
Rental Cottage #
K1213
Rental Cottage Name
Joshua's Tiki Hut
Furnishings Available
Yes
Bill of Sale Amt
1
Annual Rental Income$
299470
Rental Performance
0.1033
Yr Electric Expense
6400
Yr Water Expense
1600
Yr Telephone Expense
828
Yr Cable TV Expense
775
Insurance Expenses
$6,404
Pool/Spa Expense
4110

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Seaside Realty Kh.

Listed by John Leatherwood

Copyright 2022 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.

Real estate listing held by brokerage firms other than Real Estate Company are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.