5004 S Virginia Dare Trail #lot 4-5, Nags Head

$1,999,000

MLS#: 126779 Property Type: Residential Address: 5004 S Virginia Dare Trail #lot 4-5 City / Zip: Nags Head, NC 27959 Area: Nags Head between hwys County: Dare Neighborhood: Vil-NH Elliott Estates Bedrooms: 8 Bathrooms: 7 1/2 Bathrooms: 2 Heated Sq Ft: 4,042 Acres: 0.17 Year Built: 2005 Zoning: SF2 Date Listed: 08/31/2024 Status: Under Contract

Agent's Comments

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!

*Listing provided courtesy of the Coldwell Banker Seaside Realty KH.
Interior Features
  • Air Conditioning: Central
  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
  • Extras: Beach Access, Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub
  • Floor Covering: Wood, Vinyl Tile, Luxury Vinyl Plank
  • Furnishings Available: Yes
  • Heating: Central
  • Interior Features: 9' Ceilings, Bay/Bow Window, Gas Fireplace, Walk in Closet, 1st Flr Ensuite
  • Optional Rooms: Pantry
  • Water: Municipal
External Features
  • Exterior: Shakes, Wood
  • Foundation: Piling
  • Garage: Carport
  • Lot Description: Level
  • Parking: Parking Lot, Paved
  • Pool: Yes
  • Pool: Private Pool
  • Rool Type: Private
  • Roads: Paved
  • Roof: Wood Shingles
  • Sewer/Septic: Community Septic
  • Style: Reverse Floor Plan, Nags Head
  • Waterfront Location: Semi-Oceanfront (2nd row)
Additional Features
  • Associated Document Count: 9
  • Contruction: Frame, Wood
  • County: Dare
  • Deed Book: 2618
  • Deed Book Pg: 949
  • Ownership: Owned More than 12 Months
  • Rental Company: Other
  • Status Date: 2024-11-25
  • Property Sub Type: Single Family Residence
  • Year Built: 2005
  • Zoning: SF2
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Listings provided courtesy of Coldwell Banker Seaside Realty KH and the MLS of the Outer Banks Association of Realtors®, Inc.

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