Residential

5004 Virginia Dare Trail S, Nags Head

$1,999,000.00

Bedroom 8 bedrooms
Full Bathroom 7 full baths
Half Baths 2 half baths

  • MLS #: 126779
  • Status: Pending
  • Address: 5004 Virginia Dare Trail S, Nags Head, NC 27959
  • Date Listed: 8/29/2024
  • Days on Market: 114
  • Acres: 0.17
  • Stipulations: No
  • Subdivision: Vil-NH Elliott Estates

Location Location

Agent Comments Agent 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!

Amenities Amenities
  • 2nd Dishwasher
  • 2nd Refrigerator
  • Dryer
  • Dishwasher
  • Ice Machine
  • Microwave
  • Refrigerator
  • Range/Oven
  • Stackable Washer/Dryer
  • Washer

Interior Features Interior Features
  • Cool System: Central
  • Heat System: Central
  • Floors: Luxury Vinyl Plank, Vinyl Tile, Wood
  • Interior: 9' Ceilings, Bay/Bow Window, 1st Flr Ensuite, Gas Fireplace, Walk in Closet
  • Furnishings Available: Yes

Exterior Features Exterior Features
  • Parking: Parking Lot, Paved
  • Roof: Wood Shingles
  • Pool: Yes
  • Exterior: Shakes, Wood
  • Waterfront Features: Semi-Oceanfront (2nd row)
  • Sewer/Septic: Community Septic
  • Approximate Lot Size: 7500
  • Foundation: Piling
  • Garage Description: Carport
  • Pool Description: Private Pool
  • Lot Description: Level
  • Roads: Paved
  • Style: Reverse Floor Plan, Nags Head
  • Water Access: Municipal

Additional Features Additional Features
  • County: Dare
  • Property Type: Single Family - Detached
  • Year Built: 2005
  • HOA Fee Required: Voluntary - Restrictive Covenants May Apply
  • HOA Fee: 650
  • Is an REO: No
  • Construction: Frame, Wood
  • Extras: Beach Access, Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub
  • Optional Rooms: Pantry
  • Original Price: 2249000
  • Ownership: Owned More than 12 Months
  • Primary Residence: No
  • Taxes: 6705.26
  • Tax Year: 2024

Seller's Representative: May Oo-Muuse, Coldwell Banker Seaside Realty KH
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