Closing Price:
$2,599,900
3301 S Virginia Dare Trail, Nags Head, NC 27959
8 bd
7 ba
3862 sq ft
MLS #: 119170
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,475,000.00
Closing Date: 3/21/2023
Contract Date: 2/9/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 248
Due Diligence Date: 3/11/2023

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 248
Cumulative Days On Market: 248
Listing Price: $2,599,900
Original Listing Price: $2,999,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 3/21/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3862
Asking Price Per SqFt: $673.00
Heated Living Area Sq Ft: 3862
BedroomsTotal: 8
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 1998
Garage: 2 Car,Attached,Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal, Cottage
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Outdoor Pool, Private, Vinyl
Counter Tops: Laminate
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Electric, Heat Pump, Zoned
Room Type: Game Room, Pantry
Flooring: Carpet, Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Southwinds
Subdivision Name: Southwinds
Deed Book: 2479
Deed Book Page Number: 0131
County Pin Number: 989211569698
Price Change: 3/20/2023
Road Surface: Paved, Public

Lot Details

Land Tax Value: 837500
Total Assessed Value: 1394600
Lot Size Acres: 0.58
Lot Size Dimensions: 65 x 394 x 382 x 420
Lot Size Square Feet: 25243
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: East
Water Frontage: 66
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $9,595.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 3/21/2023
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Shakes,Sheet Siding,Wood
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Fenced Yard,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Tiki Bar,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: NA
Primary Residence: No
Street Frontage : 65
HOA Contact Info: NA

Rental Income

Annual Rental Income: 303150
Rental Performance: 0.1225
Owner Renatl Income 2023 Amount: 183071
Owner Renatl Income 2022 Amount: 306070
Owner Rental Income 2021 Amount: 299297

Listing Agent Remarks

AMAZING 2022 OWNER RENTS $306,070 !!! - that is a 12% RETURN CASH FLOW! *** 65 FEET WIDE OCEANFRONT LOT! *** "9" BEDROOM OCEANFRONT IN NAGS HEAD! ... Big Daddy's has a Great Name ... This Home lives up to the name & then some! * TROPICAL GORGEOUS LANDSCAPING * Prior survey shows Land Dimensions: 65 feet on Beach Road, north side 394 Feet and Oceanfront at 66 Feet and south side at 382 Feet ... 66 FEET WIDTH on OCEANFRONT (much wider than typical 50-foot lot in Nags Head!) *** Likely Room to add a Cabana *** Located Milepost 11.5 approx. on the Beach Road - this home will catch your eye driving by with its Lush Landscaping w/ Volley Ball Court & the that Island Look that will draw you in * Big Driveway for plenty of Guest and Family Parking *** Tax Record shows this home is 8 Bedrooms ... but it is actually "9" Bedrooms w/ 7 Main En Suite BR's w/ Full Baths *** Totals out at 9 Bedrooms, 7 Full Baths and 2 Half Baths (Primary Powder Room just off the Great Room for guests and the other is a 1/2 bath is an outdoor Bathroom across from the 2 Outdoor Showers - perfect for the Kiddies while swimming in the Pool! *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Painted Ceiling Mural * High Ceilings, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have Fabulous Ocean Views! Guest Powder Room * North side Main En suite Bedroom w/ double Pocket Doors to spacious Bath with Soaking Jet Tub & separate enclosed Tile Shower * 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 5 En suite Bedrooms w Full Baths, 1 bunk room and Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 - The glass in the front door is being replaced soon June 2022 * Level 1 Features a Huge Open Great Room with tile floor, Big Kitchen, Pool Table, Sliders out to Tiki Bar & Pool, 2 Bedrooms and a Full Bath between - laundry facilities in this area as well *** Pool Deck is really Awesome ... Heated POOL, TIKI Bar, HOT TUB & Lots of room to Catch Rays by the Pool * Outdoor Showers and the Outdoor 1/2 Bathroom *** Home Rents w Pets - there is a dedicated pet area on the north side of the Pool w/ green grass and a pen on the south side *** You will want to head out past the pool to the Dune Pool gate - 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 Big Dipper in all its glory was overhead last night! *** Located just south of Tortuga's Lie, Bonnet Street Park, Lucky 12 Tavern across the street and down the road a few hundred feet, just north of the 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! *** Big Daddy's is offered fully furnished with no exclusions other than that which is located in owner locked storage closets *** Big Daddy's is (and has been) a Fabulous Rental Income Producing Investment *** See Rental Company Beach Realty K1204 Big Daddy's Photos & Description at Website Link: https://www.beachrealtync.com/outer-banks-rentals/big-daddys *** Per Seller: New Pool Liner 11/2022, Roof & HVAC 7 years old, Water Heater 5 years old *** NOTE: 1/11/23 Seller will soon be removing exterior wood shutters and will touch paint to match in needed areas where shutters removed *** 2021 Owner Rents totaled $299,297 *** OWNER RENTS for 2022 were $306,070 ... a 12% RETURN! *** Owner Projecting 2023 Rents will exceed 2022 Rents! 2023 is Booking Strong w/ $183,071 Booked as of 3/10/23 *** This is Oceanfront at its Best ... Come see!

Directions

Milepost 11.5 on the Beach Road - just a few lots north of and across the street from Lucky 12 Tavern

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 3301 S Virginia Dare Trail in Nags Head is provided courtesy of Coldwell Banker Seaside Realty KH C: 252-202-3834. 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 3301 S Virginia Dare Trail in Nags Head 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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