Closing Price:
$4,595,000
507 N Virginia Dare Trail, Kill Devil Hills, NC 27948
12 bd
10 ba
6687 sq ft
MLS #: 124699
Status: Closed

Sold Details

Status: Closed
Sold Price: $4,530,000.00
Closing Date: 3/22/2024
Contract Date: 2/15/2024
Seller Concessions: No
Total Days on Market:
Due Diligence Date: 3/8/2024

Listing Information

Area: Kill Devil Hills Oceanside
Mls Status: Closed
Listing Price: $4,595,000
Original Listing Price: $4,595,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/22/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 6687
Asking Price Per SqFt: $687.00
Heated Living Area Sq Ft: 6687
BedroomsTotal: 12
Bathrooms Full: 10
Bathrooms Partial: 2
Year Built: 2004
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Heated Salt, Heated, In Ground, Outdoor Pool, Private, Vinyl
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Central, Heat Pump
Room Type: Home Theater, Loft, Media Room
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Kitty Hawk Shrs
Subdivision Name: Kitty Hawk Shores Revised
Deed Book: 2392
Deed Book Page Number: 0708
County Pin Number: 988420729141
Price Change: 3/21/2024
Block: 6
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.8
Lot Size Square Feet: 35000
Lot Features: Level, Waterfront
Waterfront: Ocean Front
View: Ocean, Park/Greenbelt
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $16,550.00
Flood Zone: AO,X
Flood Insurance Expense: 986
Wind Insurance: 12785
Water Source: Municipal
Yearly Water Expense: 3482
Other Yearly Expense: 6306
Pool Or Spa Expense: 5000
Yearly Expense: Actual
Yearly Elecric Expense: 8059
Yearly Cable Tv Expense: 3609
Contract Status Change Date: 3/22/2024
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Septic Fee: 1395
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Composite Siding
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Outside Lighting,Outside Shower,Patio,Sauna,Sun Deck,Roof Top Deck
Fuel Tanks: Leased
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: None

Rental Income

Annual Rental Income: 480935
Rental Performance: 0.1062
Owner Rental Income 2024 Amount: 313659
Owner Renatl Income 2023 Amount: 460864

Listing Agent Remarks

Kill Devil Hills Oceanfront! Incredible location! Rental machine! Welcome to oceanfront luxury living on the beautiful Outer Banks! This stunning home boasts 12 bedrooms, 10 bathrooms, and 2 partial baths, offering ample space for relaxation and entertainment. Situated on a vast 35,000-square-foot lot, this property features one of the largest and deepest oceanfronts in the area, with expansive dunes and wide beaches. One of the highlights of this home is its magnificent private pool and pool area with large ample deck space making it the perfect place for soaking up the sun and enjoying the ocean breeze. The poolside cabana is a true oasis, featuring a huge rooftop deck, sauna, full bathroom, and wet bar. Inside the home you will find everything you need and more! The top level has an impressive open-concept living area with vaulted ceilings, large dining areas, impressive kitchen and amazing ocean views from inside the home or outside on the spacious deck area. Bedrooms are large and spacious and the home is perfect for entertaining, with a recreation room, movie room, elevator, play room, bonus room and access to three levels of large outdoor decks! The home is a rental machine, grossing $460,000 in 2023. This amazing opportunity must be seen to be appreciated!

Directions

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Official MLS Disclaimer

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. This property located at 507 N Virginia Dare Trail in Kill Devil Hills is provided courtesy of Landmark Sotheby's International Realty . Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 507 N Virginia Dare Trail in Kill Devil Hills is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.
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