Closing Price:
$1,100,000
24214 Caribbean Way, Rodanthe, NC 27963
8 bd
8 ba
4545 sq ft
MLS #: 121038
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,070,000.00
Closing Date: 2/1/2023
Contract Date: 12/28/2022
Seller Concessions: Yes
Concession Comments: $30k in lieu of repairs
Total Days on Market:
Cumulative Days on Market: 8
Due Diligence Date: 1/25/2023

Listing Information

Area: Rodanthe Oceanside
Mls Status: Closed
Days On Market: 8
Cumulative Days On Market: 8
Listing Price: $1,100,000
Original Listing Price: $1,100,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 2/2/2023
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4545
Asking Price Per SqFt: $242.00
Heated Living Area Sq Ft: 4545
BedroomsTotal: 8
Bathrooms Full: 8
Year Built: 2004
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Wet Bar
Heating: Central, Electric, Heat Pump, Zoned
Room Type: Game Room, Media Room
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Estates at Hatteras Island
Deed Book: 1823
Deed Book Page Number: 0179
County Pin Number: 065809065734
Price Change: 2/1/2023
Road Surface: Paved, Private
Association Amenities: Board Walk, Ocean Access

Lot Details

Lot Size Acres: 0.47
Lot Size Dimensions: 0.472 acres
Lot Size Square Feet: 20578
Lot Features: Corner Lot, Level
Waterfront: More than 5th row
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $4,533.00
Home Oner Insurance Expense: 6078
Flood Zone: AE
Flood Insurance Expense: 897
Water Source: Municipal
Yearly Expense: Actual
Contract Status Change Date: 2/2/2023
Estimated Annual Fee Amt: $1,000.00
Sewer: Non Conventional Septic
Association Fee Includes: Management, Road Maintenance
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: None
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck
Fuel Tanks: None
HOA Contact Name: Sterling Parker
Primary Residence: No
HOA Contact Info: 252-441-7860

Rental Income

Annual Rental Income: 115000
Rental Performance: 0.1075
Owner Renatl Income 2023 Amount: 72942
Owner Renatl Income 2022 Amount: 85041

Listing Agent Remarks

Tropical Wave is an impressive 8 bedroom, 8 bath vacation home with ocean and sound views. All of the bedrooms and baths are spacious and it is obvious it has been cared for with maintenance needs attended to. It features a swimming pool and hot tub with access to the game room with wet bar, plus a media room, elevator to all levels, and multiple decks, porches, and patio areas. The sellers have opened the rental calendar for a limited season during their ownership. There is $73,000 in pre-bookings for 2023 in place for just June, July, and August so far, but rental projections are on file for $115,000 or better with an open calendar. This could be the perfect investment property you have been waiting for on Hatteras Island. Recent improvements include new heat pumps in 2022, 2020, and 2018, plus an upstairs refrigerator in 2022, roof in 2020, hot tub in 2017, and a pool heat pump in 2019. Check out the 3-D Virtual Tour which is almost as good as seeing this well maintained home in person.

Directions

Caribbean Way just before the Rodanthe Pier. Green home on right before the bridge.

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 24214 Caribbean Way in Rodanthe is provided courtesy of NC 12 Realty carla@nc12realty.com. 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 24214 Caribbean Way in Rodanthe 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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