26397 Colony Drive, Salvo, NC 27972

$995,000
4
BD
2
BA
1,680
SqFt
List Price
$995,000
Price Change
▼ $105,000 1663693989
MLS#
119778
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
4
Bathrooms
2
Full-baths
2
Living Area
1,680
Neighborhood
Hatteras Colony

Property Description

Over $113K in rents in 2022, not counting almost $10K in owner weeks taken during desirable periods and Thanksgiving and Christmas which, are yet to, but probably to book for another $5K. $125K possible? Hard to find another 4 bedroom home that produces like this. Renovated last year, with rental income in mind, this money maker or better said Beach GEM is a fantastic investment for the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle we used to offer. Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle. Any concerns about beach erosion, Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front providing excellent protection from the storms that batter other oceanfront properties. In addition, the soon to be open Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe reducing the likelihood of island being cut off. Big income, in a blossoming region of our beaches. If investing is your game, Beach GEM is the name.

Additional Information

Air Conditioning
Central
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Construction
Frame, Wood
Countertops
Laminate
Siding
Shakes
Extras
Beach Access, Ceiling Fan(s), Common Laundry Area, Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Sun Deck, Tiki Bar, Inside Laundry Room
Floor Coverings
Carpet, Ceramic Tile
Foundation
Piling
Garage
None
Heating
Electric
Interior Features
Dryer Connection, Some Windows Treated, Washer Connection
Lot Description
Water Frontage
Optional Rooms
Breakfast Nook, Game Room
Parking
Off Street
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
View
Ocean
Well
Municipal
Zip
27972
Neighborhood
Hatteras Colony
Year Built
1973
Directions
Turn onto Monitor Lane in Salvo and go 0.19milles. Turn LEFT onto Colony Dt and Beach Gem is on RIGHT
County
Dare
Rental Co
Vacasa - Hatteras
Rental Cottage #
70824
Rental Cottage Name
Beach Gem
Furnishings Available
Yes
Bill of Sale Amt
1

Mortgage Calculator

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

Listing courtesy of Keller Williams - Outer Banks.

Listed by Ian Lassiter

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