OCEANFRONT 12 BEDROOM

Hospitality for Sale
Catylist Listing ID: 30739656
Property Subtypes: Resort, Vacation Rental(s), Other
Number of Units: 1 Units
Building Size (RSF): 6,132 SF
Gross Building Area: See Agent
Gross Land Area: 24,000 SF
Sale Price: $2,750,000
Unit Price: $2,750,000 Per Unit
Property Use Type: Investment
Building Name: First Wind
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2021

Overview / Comments

UNIQUE OPPORTUNITY: OCEANFRONT - MP 8 - KILL DEVIL HILLS! Located on a 90-foot-wide, 24,000/sf lot, the 12 bedroom oceanfront home features expansive views of the Eastern horizon as well as views of the Northern and Southern beaches as far as the eye can see! At aground elevation of 25 feet, visitors enjoy a bird’s-eye view of the surrounding area and can even see the Wright Brother’s Monument! The oceanfront home, designed & built by the current owners, has been meticulously maintained and updated – these efforts are apparent in the consistent rental performance! The spacious layout, unmatched views and central location contribute the overall desirability for vacationers and future-owners alike! With the addition of a poolside gazebo and tiki bar, the current owner’s believe rental income could reach $280,000!

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $14,477 (Annual)
Potential Rental Income $250,000 (Annual)

Additional Details

Nearest MSA: Kill Devil Hills
County: Dare
Tax ID/APN: 988420809510
Zoning: R
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Located Between: Nags Head & Kitty Hawk
Property Visibility: Excellent
Largest Nearby Street: Croatan Hwy/US 158
Feet of Frontage: 90
Airports: Wright Brothers
Site Description: Oceanfront
Area Description: Central resort area location
Nearby Attractions: Wright Brothers Memorial, Jockeys Ridge, Lighthouses, Off Shore Fishing
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1999
Roof Type: Gable
Construction/Siding: Wood Shingle
Average Occupancy Rate: 80
Water Recreation: Outdoor Pool, Hot Tub, Other
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: None
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Residential
In Flood Plain?: Yes
Lot Frontage: 90
Lot Depth: 266
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,633 10,664 16,577
Median Age: 38.39 39.16 41.78
Households: 1,519 4,414 7,012
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