Turn-key Outer Banks investment opportunity with an impressive 12% return, a rare find at this price point in Kill Devil Hills. Whether you're building your short-term rental portfolio or looking for a high-performing beach getaway that pays for itself, this property delivers. Welcome to Calypso Cay, this island-inspired condo has a proven rental history and is perfectly set up for Airbnb vacation rentals and winter rental. The ground level features a dry entry and a spacious two-car garage, ideal for owner storage, bikes, beach gear, or even a game room to boost rental appeal. The second level offers two private primary suites, each with its own bath and deck, an ideal layout for maximizing rental occupancy and guest comfort. The top floor showcases an open-concept living space with high ceilings, a bright kitchen, and multiple outdoor decks, perfect for creating that “wow” factor renters are looking for. Located in the sought-after Bermuda Bay community, guests will love the resort-style amenities at the Elbow Beach Club, featuring a pool, cabanas, water features, and slide-key amenities that drive bookings and repeat guests. Community sound access adds even more lifestyle value with kayaking and sunset views. Just 1.2 miles to Ocean Bay Blvd beach access (with parking, bath house, and accessibility features), this location checks every box for vacationers. Plus, you're minutes to shopping, restaurants, and iconic OBX attractions like the Wright Brothers Monument. New roof in 2025, HVAC and new rear deck in 2026. Affordable, income-producing, and ideally located; this is the kind of Outer Banks investment buyers wait for.

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 1108 Cambridge Road in Kill Devil Hills is provided courtesy of Century 21 Nachman Realty C: 252-261-6400. 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 1108 Cambridge Road in Kill Devil Hills is no longer available for sale.