Asking Price:
$2,790,000
9213 S Old Oregon Inlet Road, Nags Head, NC 27959
8 bd
9 ba
0 sq ft
MLS #: 126442
Status: Active

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Active
Cumulative Days On Market: 152
Listing Price: $2,790,000
Original Listing Price: $3,100,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/30/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 5258
Total Living Area Sq Ft: 5258
Asking Price Per SqFt: $531.00
BedroomsTotal: 8
Bathrooms Full: 9
Bathrooms Partial: 1
Year Built: 2005
Garage: Carport
Architectural Style: Coastal, Nags Head, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dishwasher, Microwave, Refrigerator, Range/Oven, Stackable Washer/Dryer
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Foyer, Game Room, Home Theater, Library, Media Room
Flooring: Tile, Vinyl Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: 2
County: Dare
Subdivision: Hollywood Beach
Subdivision Name: HOLLYWOOD BEACH SEC 2
Deed Book: 2549
Deed Book Page Number: 0592
County Pin Number: 071918311838
Price Change: 10/29/2024
Block: 9
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.39
Lot Size Square Feet: 17000
Lot Features: Beach Frontage, Level, Waterfront
Waterfront: Ocean Front
View: Ocean, Park/Greenbelt, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $12,864.00
Flood Zone: AO
Flood Insurance Expense: 964
Wind Insurance: 11300
Other Insurance: 430
Other Expenses 3: 120
Water Source: Municipal
Yearly Water Expense: 2100
Other Yearly Expense: 600
Pool Or Spa Expense: 5040
Yearly Expense: Estimated
Yearly Elecric Expense: 5172
Yearly Telephone Expense: 1200
Yearly Cable Tv Expense: 2652
Contract Status Change Date: 7/25/2024
Estimated Annual Fee Amt: $0.00
Sewer: Non Conventional Septic, Septic Tank
Other Expenses 2: 400
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Listing Restrictions: 1031 Tax Deferred Exch.
Exterior: Shakes,Wood
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Central Vacuum,Covered Decks,Elevator,Hot Tub,Outside Lighting,Outside Shower,Patio,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: none
Primary Residence: No
HOA Contact Info: none

Rental Income

Annual Rental Income: 299112
Rental Performance: 0.1072
Owner Rental Income 2024 Amount: 272595
Avertised Income 2024 Amount: 291190
Owner Renatl Income 2023 Amount: 276629
Avertised Income 2023 Amount: 299112
Owner Renatl Income 2022 Amount: 240953
Avertised Income 2021 Amount: 259530

Listing Agent Remarks

LUXURIOUS COASTAL RETREAT WITH UNPARALLELED OCEAN TO SOUND VIEWS Discover the epitome of coastal living in this extraordinary 8-bedroom home, perfectly situated just a few blocks south of the iconic Outer Banks Pier in Nags Head. Boasting spectacular ocean to sound views, this meticulously maintained property is a favorite among discerning renters. Each of the eight spacious bedrooms features a private bathroom, ensuring comfort and privacy for all guests. An elevator enhances accessibility, making it easy for everyone to enjoy the home's expansive layout, which is perfect for large family gatherings and entertaining. The gourmet kitchen is a chef's dream, with multiple work areas designed to accommodate group meal preparations effortlessly. With over 5,000 square feet of living space, this home is packed with exceptional features and amenities. Enjoy endless fun in the private inground pool, hot tub, game room, and media room. Take a pleasurable stroll on the serene beaches of South Nags Head. Relax and unwind in the Captain's Watch, where you can savor the stunning views, watch surfers, and catch glimpses of dolphins frolicking in the OBX waters year-round. This property is offered turn-key, fully furnished, and ready to welcome your guests. Embrace the coastal lifestyle in this luxurious retreat and create unforgettable memories. For investors, the financial benefits are substantial: the 2024 gross rental income is already at $284,401, with additional weeks still available for rent and 2025 dates are beginning to book. Moreover, the rental company has agreed to allow the new owner to assume the current rental management fee of just 10%, saving you thousands in commissions for years to come. Recent enhancements and upgrades to this oceanfront property include an updated HVAC system for optimal climate control, select refreshed furnishings, and a rehabilitated peat septic system for improved efficiency for years to come. A newly constructed dune line bulkhead, complemented by carefully planted sea grasses to ensure long-term dune stabilization. The property also features hardwired WiFi access on each level for seamless connectivity, a brand-new TV in the theater room for an enhanced viewing experience, and a new motor for the pool to ensure smooth and reliable operation.

Directions

South on Old Oregon Inlet Rd.

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 9213 S Old Oregon Inlet Road in Nags Head is provided courtesy of Basnight 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 9213 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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