Listing Details For 25240 Island Pines Drive in Waves
Closing Price:
$1,299,000
$1,299,000
25240 Island Pines Drive,
Waves, NC 27982
8 bd
7 ba
4190 sq ft
MLS #: 123652
Status: Closed
Sold Details
Status: Closed
Sold Price: $1,264,000.00
Closing Date: 1/23/2024
Contract Date: 12/20/2023
Seller Concessions: Yes
Concession Comments: Buyer Credit $4,000
Total Days on Market:
Cumulative Days on Market: 70
Due Diligence Date: 1/29/2024
Listing Information
Area: Waves Oceanside
Mls Status: Closed
Days On Market: 70
Cumulative Days On Market: 70
Listing Price: $1,299,000
Original Listing Price: $1,350,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/23/2024
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: 4190
Asking Price Per SqFt: $310.00
Heated Living Area Sq Ft: 4190
BedroomsTotal: 8
Bathrooms Full: 7
Bathrooms Partial: 1
Year Built: 2003
Architectural Style: Contemporary, 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
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Electric, Heat Pump
Room Type: Game Room, Loft
Flooring: Carpet, Ceramic Tile, Laminate
Construction Materials: Frame, Wood Siding
Legal Description
County: Dare
Subdivision: Island Pines
Deed Book: 2588
Deed Book Page Number: 0710
County Pin Number: 065817113753
Price Change: 1/22/2024
Road Surface: Paved, Private
Lot Details
Lot Size Acres: 0.46
Lot Size Square Feet: 20000
Lot Features: Cul-De-Sac, Level
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2023
Annual Property Taxes: $4,434.00
Flood Zone: Shaded X
Water Source: Municipal
Contract Status Change Date: 1/23/2024
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
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Sun Deck
Fuel Tanks: None
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: None
Rental Income
Annual Rental Income: 168435
Rental Performance: 0.1333
Owner Rental Income 2024 Amount: 52403
Owner Renatl Income 2023 Amount: 168435
Owner Renatl Income 2022 Amount: 167540
Listing Agent Remarks
Investor's Dream - 12% ROI: "Island Pines" is more than a vacation home; it's an investment opportunity with a proven track record as a rental machine, boasting a 10% ROI. Nestled in the charming Island Pines subdivision of Waves, this semi-oceanfront stunner sits on a quiet cul-de-sac, mere steps from the beach, yet within minutes of all the dining, shopping, and entertainment the Tri-villages have to offer. This beautifully decorated and exquisitely maintained 8-bedroom home (5 are en-suites), featuring 7 full baths and 1 half bath, offers not only stunning views but also an array of amenities almost too numerous to mention. Let's try to cover them all: TWO outdoor showers, a private heated pool, a hot tub, a beautifully landscaped and partially wooded lot, and a HUGE first-level game room with a kitchenette, wet bar, full-size refrigerator, and microwave. The first floor also boasts TWO en-suites, sundecks, and covered decks, along with a mid-level laundry area for added convenience. Ascend to the upper level and you'll be greeted by an incredible open living space with gorgeous floors, cathedral ceilings, a fireplace, and floor-to-ceiling windows that flood the area with natural light. The fully equipped kitchen features TWO dishwashers and a large island, making it perfect for gatherings. The upper level also includes a en-suite with a jacuzzi tub, providing the ultimate in relaxation. And there's even more to explore! With TWO outdoor showers, a large private lot ideal for gatherings and outdoor games, "Island Pines" offers not just a vacation but a lifestyle. From here, it's a quick two-minute walk to the beach, and a few more minutes will take you to the Rodanthe pier, a deep-water fishing haven. Waves, NC is renowned for kite-surfing and windsurfing, and you're just a quick five-minute walk from lessons and equipment rentals. Don't miss out on the opportunity to own a piece of the Outer Banks that's not only a perfect vacation getaway but also a lucrative investment. Embrace the coastal lifestyle, cherish the ocean views, and indulge in all the recreational amenities this property has to offer. Schedule a viewing today!
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courtesy of Midgett Realty - Rodanthe C: 252-996-0124. Information is believed to be accurate but is not
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