Listing Details For 5004 S Virginia Dare Trail in Nags Head

Asking Price:
$1,999,000
5004 S Virginia Dare Trail, Nags Head, NC 27959
8 bd
7 ba
0 sq ft
MLS #: 126779
Status: Active

Listing Information

Area: Nags Head between hwys
Mls Status: Active
Cumulative Days On Market: 76
Listing Price: $1,999,000
Original Listing Price: $2,249,000
Short Sale: No
Price Date: 10/29/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4042
Total Living Area Sq Ft: 4042
Asking Price Per SqFt: $495.00
BedroomsTotal: 8
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 2005
Garage: Carport
Architectural Style: Nags Head, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Range/Oven, Stackable Washer/Dryer, Washer
Roof: Wood
Parking: Parking Lot, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Private
Cooling: Central Air
Interior Features: Walk-In Closet(s)
Heating: Central
Room Type: Pantry
Flooring: Vinyl Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Vil-NH Elliott Estates
Deed Book: 2618
Deed Book Page Number: 949
County Pin Number: 080113231591
Price Change: 10/28/2024
Road Surface: Paved

Lot Details

Lot Size Acres: 0.17
Lot Size Square Feet: 7500
Lot Features: Level
Waterfront: Semi-Oceanfront (2nd row)
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2024
Annual Property Taxes: $6,705.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 8/29/2024
Estimated Annual Fee Amt: $650.00
Sewer: Shared Septic
Association Fee Yes or No: Voluntary - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Shakes,Wood
HashTag of Units: 1
Extras: Beach Access,Ceiling Fan(s),Elevator,Handicap Friendly,Hot Tub
Fuel Tanks: Leased
HOA Contact Name: Caroline Decker
Primary Residence: No
HOA Contact Info: Village Realty

Rental Income

There is no rental income information available

Listing Agent Remarks

HUGE PRICE IMPROVEMENT!!! $170,000 Already booked for 2025! Here’s your next high-income investment opportunity in the Outer Banks: an 8-bedroom semi-oceanfront home in the heart of Nags Head. This property generated an impressive $242,700 in rental income for 2024, with $170,000 already booked for 2025, making it a standout choice for investors seeking substantial returns. The property is being sold fully furnished with all brand new furniture and rent-ready, this home offers immediate income potential. The home underwent a complete renovation including a new roof, pool heater, floors, kitchen, fresh interior and exterior paint, all-new appliances and furniture, a new fence around the pool, new decks, and an updated elevator. These updates not only enhance the property's value but also ensure high occupancy rates. Just minutes from private community beach access, this home features an elevator to every floor, making it accessible for guests of all ages. The spacious layout is perfect for large families or groups, further boosting its rental appeal. With a heated pool and a game room, the property provides year-round entertainment and is conveniently located near the best shopping, dining, and attractions Nags Head has to offer. Make an offer to secure this luxury semi-oceanfront property today. This is not an opportunity you want to miss out!

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 5004 S Virginia Dare Trail in Nags Head is provided courtesy of Coldwell Banker Seaside Realty KH C: 804-661-5752. 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 5004 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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