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26397 Colony Drive , Lot 11

Salvo, NC 27972
  • $1,100,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 119778
UPDATED: 200 min ago
$1,100,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,680
    SQFT
  • $655
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1973
County:

School Ratings & Info

Description

Over $110K in rents in 2022, not counting almost $10K in owner weeks taken during desirable periods and Thanksgiving and Christmas which, are yet to, but probably to book for another $5K. $125K possible? Hard to find another 4 bedroom home that produces like this. Renovated last year, with rental income in mind, this money maker or better said Beach GEM is a fantastic investment for the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle we used to offer. Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle. Any concerns about beach erosion, Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front providing excellent protection from the storms that batter other oceanfront properties. In addition, the soon to be open Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe reducing the likelihood of island being cut off. Big income, in a blossoming region of our beaches. If investing is your game, Beach GEM is the name.

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© 2022 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 Carolina Designs Realty. Data last updated: 2022-08-12T23:37:53.03.
www.obxsales.com/homes/131132924
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26397 Colony Drive , Lot 11 Salvo, NC 27972

  • Price: $1,100,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 200 min ago
  • MLS #: 119778
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1,680
SQFT
$655
$/SQFT
1973
Built
Neighborhood:
Hatteras Colony
County:
Dare
Area:
Salvo Oceanside
Property Description
Over $110K in rents in 2022, not counting almost $10K in owner weeks taken during desirable periods and Thanksgiving and Christmas which, are yet to, but probably to book for another $5K. $125K possible? Hard to find another 4 bedroom home that produces like this. Renovated last year, with rental income in mind, this money maker or better said Beach GEM is a fantastic investment for the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle we used to offer. Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle. Any concerns about beach erosion, Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front providing excellent protection from the storms that batter other oceanfront properties. In addition, the soon to be open Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe reducing the likelihood of island being cut off. Big income, in a blossoming region of our beaches. If investing is your game, Beach GEM is the name.
Exterior Features

Construction FrameWood Exterior Shakes Extras Beach AccessCeiling Fan(S)Common Laundry AreaCovered DecksHot TubOutside LightingOutside ShowerSun DeckTiki BarInside Laundry Room Foundation Piling Garage None Lot Description Water Frontage Parking Off Street Pool FiberglassIn GroundOutdoorPrivate Pool Pool YN Yes Roads PavedPublic Roof Asphalt/Fiber Shingle View Description Ocean Waterfront Location Oceanfront

Interior Features

Air Conditioning Central Appliances DishwasherDryerMicrowaveRange/OvenRefrigeratorWasher Counter Tops Laminate Floor Coverings CarpetCeramic Tile Furnishings Available YN Yes Heating Electric Interior Features Dryer ConnectionSome Windows TreatedWasher Connection Optional Rooms Breakfast NookGame Room

Property Features

Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventional Flood Zone Shaded X Full Subdivision Name Hatteras Colony Amended Sec C Lease Terms Weekly Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Beach Gem Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2021 Taxes 3354.38 Water Municipal Zoning Res

Listing courtesy of Ian Lassiter of Keller Williams - Outer Banks: 252-715-1939.


© 2022 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 Carolina Designs Realty. Data last updated: 2022-08-12T23:37:53.03.
 
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1197 Duck Road
Duck NC, 27949