Closing Price:
$2,595,000
$2,595,000
8229 S Old Oregon Inlet Road,
Nags Head, NC 27959
10 bd
7 ba
4516 sq ft
MLS #: 123840
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,515,000.00
Closing Date: 12/22/2023
Contract Date: 11/22/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 18
Due Diligence Date: 12/17/2023
Listing Information
Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 18
Cumulative Days On Market: 18
Listing Price: $2,595,000
Original Listing Price: $2,595,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/22/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4516
Asking Price Per SqFt: $575.00
Heated Living Area Sq Ft: 4516
BedroomsTotal: 10
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 1999
Garage: None
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite,Quartz
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Heat Pump, Zoned
Room Type: Foyer, Game Room, Utility Room
Flooring: Carpet
Construction Materials: Frame, Wood Siding
Legal Description
Section: NA
County: Dare
Subdivision: Bodie Isl Beach
Deed Book: 2511
Deed Book Page Number: 0566
County Pin Number: 080020900398
Price Change: 12/21/2023
Block: 3
Road Surface: Paved, Public
Lot Details
Lot Size Acres: 0.44
Lot Size Square Feet: 19000
Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2023
Annual Property Taxes: $11,433.00
Home Oner Insurance Expense: 3996
Flood Zone: AO
Flood Insurance Expense: 919
Wind Insurance: 5753
Water Source: Municipal
Yearly Water Expense: 1614
Pool Or Spa Expense: 4148
Yearly Elecric Expense: 4753
Yearly Cable Tv Expense: 2463
Contract Status Change Date: 12/22/2023
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
Bank/Institution Owned: No
Exterior: Shakes,Vinyl
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck
Fuel Tanks: None
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: None
Rental Income
Annual Rental Income: 339520
Rental Performance: 0.135
Owner Rental Income 2024 Amount: 164484
Avertised Income 2024 Amount: 178008
Owner Renatl Income 2023 Amount: 243549
Avertised Income 2023 Amount: 267699
Owner Renatl Income 2022 Amount: 262788
Avertised Income 2021 Amount: 272238
Listing Agent Remarks
***Rental Income Producer**** In 2022 and 2023, the property generated a fantastic rental income of $268,000. Carolina Designs and Twiddy project at least $339,000 or more in rental income if seller opened the entire calendar. See projections in associated docs. Discover this irresistibly attractive waterfront property that has undergone an array of impressive enhancements. Embrace breathtaking, unhindered vistas of the ocean from this awe-inspiring 10-bedroom coastal retreat in South Nags Head, meticulously prepared for your immediate enjoyment. With an impressive 10% return on investment and a contemporary coastal ambiance, this home is an absolute turn-key opportunity, offering both the delights of a beachfront haven and strong, steady rental income. Recent aesthetic and functional updates were made with quality and sophisticated elegance in mind, including luxury vinyl plank flooring harmonizing the common areas, two top floor master suites with private bathrooms, stylish vanities adorned with Quartz countertops, upgraded light fixtures and toilets. Tastefully curated furnishings throughout this home, boast renowned brands such as Pottery Barn and West Elm. Indulge in delightful meals around the large custom dining table. Enjoy the recently expanded 2-level oceanside decks, with Trex decking and charming new wood composite furniture. The kitchen and wet bar feature beautiful granite countertops. Within the past year, the lower and mid-levels have been upgraded with two new AC condenser units. The roof and water heaters were replaced in 2021. The Top Level is a wide-open concept encompassing the main living area, kitchen, and dining spaces providing "to-die-for" ocean views with abundant natural light! The massive chef's kitchen has ample counterspace, eat-on bar for 5, granite countertops, stainless steel appliances, and plenty of cabinetry for all your storage needs. Additionally, this level boasts an inviting wine and coffee bar complete with a wine cooler, powder bath, and 2 generous size king ensuites with private baths. The mid-level includes two oceanfront king ensuite bedrooms with sliding glass doors leading to a covered deck complete with a soothing hot tub. This level offers three additional bedrooms, a utility closet with a washer/dryer, and the spacious and inviting front entry with a covered porch, an idyllic spot to relish Outer Banks sunsets. The lower level features a game room equipped with a pool table and an exciting new full size stand-up arcade game with 60 classic games, a wet bar with full size refrigerator, microwave, and a cozy sitting area. Also on this level is a full-sized laundry area, and three additional bedrooms (2 share a Jack and Jill bath), a full hall bath, and a powder room, with the convenience of direct access to the private 12'x32' heated pool. The property's highly sought after location lies between Jeannette's Pier and Outer Banks Fishing Pier, providing an unbeatable tranquil, non-commercial ambiance with effortless proximity to shops and restaurants. Notable nearby attractions include the Pea Island Wildlife Refuge, Oregon Inlet, two world-class fishing centers, Tanger Outlets, Historic Manteo, and Jockey's Ridge. This extraordinary oceanfront income-generating gem represents not only a prudent investment but also a splendid abode to savor for years to come.
Directions
From Whalebone Junction, go South on S Old Oregon Inlet Rd., home is 0.6 miles on Left.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 8229 S Old Oregon Inlet Road in Nags Head is provided
courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. 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 8229 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
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