For more information on this property, contact Matthew Huband at 252-480-9283 or matt@obxrealtygroup.com

3501 S Virginia Dare Trail Lot A
Nags Head, North Carolina NC 27959
Price: $2,675,000
Listing ID 119688
Status Under Contract
Bedrooms 8
Full Baths 6
Total Baths 8
Partial Baths 2
SqFt 4,104
Acres 0.460
Year Built 2003

Property Description:

INCREDIBLE $309,847 RENTS YTD 2022 ... This is a 12% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 Rents are $309,847 ... A 12% RETURN! *** 2023 is Booking now! *** Owner projecting 2023 rents will be stronger in 2023 *** You will Love this Oceanfront Home ... Come see!

Listing Features

Area: Nags Head Oceanside
Waterfront Location: Oceanfront
View Description: Ocean
Furnishings Available: yes
Bill of Sale Amount: 1
Flood Zone: VE, X
Tax Year: 2021
Taxes: 12066
Pool: yes
Pool Type: Private
Owner Rental Income 2021: 286926
Estimated Annual Rental Income: 299470
Estimated Rental Performance: 0.112
Approximate Lot SqFt: 20000
Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar, Roof Top Deck, Dry Entry, Inside Laundry Room

Zoning Info


Listed by: John Leatherwood from Coldwell Banker Seaside Realty KH C: 252-202-3834.

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