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    303 E Oregon Avenue , Lot 2

    Kill Devil Hills, NC 27948
    • $3,595,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 112891
    UPDATED: 65 min ago
    $3,595,000
    • 20
      BEDS
    • 1.01
      ACRES
    • 14
      BATHS
    • 1
      1/2 BATHS
    • 9,892
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1999
    County:

    School Ratings & Info

    Description

    UNIQUE OPPORTUNITY: OCEANFRONT "COMPOUND" - MP 8 - KILL DEVIL HILLS! Located on a 90-foot-wide, 24,000/sf lot, the 12 bedroom oceanfront home features expansive views of the Eastern horizon as well as views of the Northern and Southern beaches as far as the eye can see! At a ground elevation of 25 feet, visitors enjoy a birds-eye view of the surrounding area and can even see the Wright Brothers Monument! Behind the large oceanfront lot, the second property an 8 bedroom duplex on a 20,000/sf lot offers a private pool, quick & easy access to the beach and is walking distance to countless shopping and dining establishments. The oceanfront home, designed & built by the current owners, has been meticulously maintained and updated these efforts are apparent in the consistent rental performance at both properties! The spacious layout, unmatched views and central location contribute the overall desirability for vacationers and future-owners alike! With the addition of a poolside gazebo and tiki bar, the current owners believe rental income could reach $280,000 on the oceanfront alone! Currently under remodel, the duplex which offers 4 bedrooms per side will soon feature new kitchens, kitchen appliances, large tile showers in each master bath as well as various touch-ups to top deck railings, pool steps, etc. Unit A will also feature a newly-renovated bath and Unit B will feature new carpet. The anticipated revenue increase from these improvements will likely bring the annual income north of $90,000 for this multi-unit dwelling!

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    © 2021 Outer Banks Association of Realtors MLS. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Surf or Sound Realty. Data last updated: 2021-03-03T20:37:38.25.
    www.surforsoundsales.com/homes/114210221
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    303 E Oregon Avenue , Lot 2 Kill Devil Hills, NC 27948

    • Price: $3,595,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 112891
    20
    Beds
    14
    Baths
    1
    ½ Baths
    1.01
    Acres
    9,892
    SQFT
    $363
    $/SQFT
    1999
    Built
    Neighborhood:
    Baers Folly
    County:
    Dare
    Area:
    Kill Devil Hills Oceanside
    Property Description
    UNIQUE OPPORTUNITY: OCEANFRONT "COMPOUND" - MP 8 - KILL DEVIL HILLS! Located on a 90-foot-wide, 24,000/sf lot, the 12 bedroom oceanfront home features expansive views of the Eastern horizon as well as views of the Northern and Southern beaches as far as the eye can see! At a ground elevation of 25 feet, visitors enjoy a birds-eye view of the surrounding area and can even see the Wright Brothers Monument! Behind the large oceanfront lot, the second property an 8 bedroom duplex on a 20,000/sf lot offers a private pool, quick & easy access to the beach and is walking distance to countless shopping and dining establishments. The oceanfront home, designed & built by the current owners, has been meticulously maintained and updated these efforts are apparent in the consistent rental performance at both properties! The spacious layout, unmatched views and central location contribute the overall desirability for vacationers and future-owners alike! With the addition of a poolside gazebo and tiki bar, the current owners believe rental income could reach $280,000 on the oceanfront alone! Currently under remodel, the duplex which offers 4 bedrooms per side will soon feature new kitchens, kitchen appliances, large tile showers in each master bath as well as various touch-ups to top deck railings, pool steps, etc. Unit A will also feature a newly-renovated bath and Unit B will feature new carpet. The anticipated revenue increase from these improvements will likely bring the annual income north of $90,000 for this multi-unit dwelling!
    Exterior Features

    Construction FrameWood Exterior Shakes Extras Beach AccessBoardwalk To BeachElevatorHot TubOutside ShowerDry Entry Foundation Piling Garage Carport Lot Description Adj. To Common AreaBeach FrontageWater Frontage Lot Faces E Parking Off StreetPaved Pool OutdoorPrivate Pool Pool YN Yes Roads GravelPavedPublic Roof Asphalt/Fiber Shingle Street Frontage 90 Style CoastalCottageReverse Floor Plan View Description Ocean Water Frontage 90 Waterfront Location Oceanfront

    Interior Features

    Air Conditioning CentralHeat Pump Appliances 2nd DishwasherDishwasherMicrowaveRange/OvenRefrigeratorWasher Dining Room Level 3 Family Room Level 1 Floor Coverings CarpetCeramic TileWood Laminate Furnishings Available YN Yes Heating CentralHeat Pump Interior Features Gas FireplaceMaster Bath Kitchen Level 3 Living Room Level 3 Optional Rooms Game RoomUtility Room

    Property Features

    Annual Rental Income 330000 Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventional Flood Zone AeX Lease Terms Weekly Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name First WindPortside & St Rental Performance 0.0918 Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2020 Taxes 20597.77 Water Municipal Zoning Oir

    Listing courtesy of Bobby Harrell of Harrell & Associates.


    © 2021 Outer Banks Association of Realtors MLS. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Surf or Sound Realty. Data last updated: 2021-03-03T20:37:38.25.
     
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