Closing Price:
$2,999,999
8327 S Old Oregon Inlet Road, Nags Head, NC 27959
8 bd
8 ba
5095 sq ft
MLS #: 122528
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,850,000.00
Closing Date: 12/20/2023
Contract Date: 11/19/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 157
Due Diligence Date: 12/14/2023

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 157
Cumulative Days On Market: 157
Listing Price: $2,999,999
Original Listing Price: $2,999,999
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/20/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 5095
Asking Price Per SqFt: $589.00
Heated Living Area Sq Ft: 5095
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 2
Year Built: 2009
Architectural Style: Contemporary, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Parking Lot, Off Street, Paved
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Outdoor Pool, Private
Builder Name: SAGA Realty & Construction
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Forced Air, Heat Pump, Zoned
Room Type: Foyer, Game Room, Home Theater
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame

Legal Description

Section: NA
County: Dare
Subdivision: Bodie Isl Beach
Deed Book: WB23E
Deed Book Page Number: 0045
County Pin Number: 070908994567
Price Change: 12/19/2023
Block: 4

Lot Details

Lot Size Acres: 0.72
Lot Size Square Feet: 31500
Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $14,511.00
Flood Zone: AO
Water Source: Municipal
Contract Status Change Date: 12/20/2023
Estimated Annual Fee Amt: $0.00
Sewer: Non Conventional Septic, Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Gazebo,Handicap Friendly,Hot Tub,Landscaped,Outside Shower,Sun Deck,Tiki Bar,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: NA
Primary Residence: No
HOA Contact Info: NA

Rental Income

Annual Rental Income: 340639
Rental Performance: 0.1195
Owner Renatl Income 2023 Amount: 270994
Avertised Income 2023 Amount: 284314
Owner Renatl Income 2022 Amount: 307686
Avertised Income 2021 Amount: 327481
Owner Rental Income 2021 Amount: 298630
Avertised Income 2021 Amount: 320275

Listing Agent Remarks

Welcome to your dream oceanfront retreat in Nags Head, NC! Situated south of Jennette's Pier, this property offers convenient access to local attractions, dining, and shopping. Immerse yourself in the natural beauty of the Outer Banks, with its pristine beaches and abundant recreational activities. This luxurious home boasts a prime location right on the beach with a large protective dune. With 8 spacious bedrooms, 8 full baths, and 2 half baths, this property is designed to accommodate large groups and provide the ultimate coastal experience. The open floor plan seamlessly blends the living, dining, and kitchen areas, creating a perfect space for entertaining and creating lasting memories with loved ones. The large windows throughout the home flood the space with natural light, allowing you to enjoy the stunning ocean views from every angle. When it comes to relaxation and recreation, this property has it all. Take a dip in the refreshing heated pool with swim up bar tools or unwind in the hot tub. The cabana bar is the perfect spot to sip on tropical cocktails while enjoying the ocean breeze. The large dune top gazebo is the perfect spot to soak in the stunning ocean views and enjoy the gentle coastal breeze. Imagine sipping your morning coffee and watching the sunrise. For entertainment options, the home features a state-of-the-art theatre room, where you can enjoy your favorite movies in a private and immersive setting. The game room offers a variety of activities, including pool, foosball, and other games, ensuring endless fun for guests of all ages. One of the standout features of this property is the expansive backyard, providing ample space to host events and parties. Whether it's a reunion, a wedding celebration, or a corporate gathering, this space can accommodate it all. It features an elevator and is handicap accessible with one bedroom with an ensuite handicap bathroom. Not only does this property offer an unforgettable vacation experience, but it also presents a lucrative investment opportunity. With its stellar rental history, this home is a proven performer in the vacation rental market, making it an ideal choice for investors seeking a profitable venture. Don't miss the chance to own a piece of paradise and make this exceptional property your own.

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 8327 S Old Oregon Inlet Road in Nags Head is provided courtesy of SAGA Realty and Construction . 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 8327 S Old Oregon Inlet Road 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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