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MLS# 91140: Great Ocean Views, $85k 2017!

4208 S Virginia Dare Trail Nags Head, NC 27959
Lot # 72
Bedrooms: 
8
Full Baths: 
8, 
Partial Baths: 
3
Area: 
Type: 
House: Residential
Waterfront: 
Oceanside
Asking Price: 
799,000

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John Register
Senior Associate Broker
Cell: 252-256-0071
Office: 877-935-0224

High 2017 rental gross rental income of $85,459, with additional open summer weeks to book, as of 5/9, to further increase income. "Casino Ridge", a well designed 8 bedroom, 8+ bath Semi-Oceanfront vacation home, with bright open floorplan, offering wide open great room, superior Ocean Views, with all the modern features, while enjoying the Historic Old Nags Head atmosphere. This home offers much better than average Semi-Oceanfront views, due to the higher elevation of the home, wide lots in this area, providing great ocean views from two levels. Not subject to your typical tight row 50' wide lots , large oceanfront homes, or hotel view obstructions. Great 2017 pre-bookings, with open weeks to add to the income.

This "Casino Ridge" property is in good clean condition, with consistent annual owner attention and updates; such as new pool liner 2015, hvac updates 2013 & 2016, recent painting, etc. ( 8 new flat screen TV's, including new wall mounted 50" in rec room, pool table re-felt, & other updates done in spring 2016) Features include all master bedrooms, oak hardwood floors in great room, hallways, and several bedrooms, oak stair treads, solid pine interior doors, tile flooring in kitchen and all baths, open bright great room, rec room with pool table & wet bar, all 8 master bedrooms, nice pool area with Tiki Bar, and wide decks on two levels, to spread out and soak in the views.

Wider than your average 50' width home and lot. All in convenient and historical Nags Head location, walking distance to Jockey's Ridge and several restaurants and shops, utilizing the NH bike path if desired. Consistent historical rentals of approximately $79k, and has done the same in it's first year with Village Realty, with room to grow. $79,658 in 2016 gross rentals, creating great 10% rental ratio. $67,075 in 2017 gross rents as of 3/17, with additional weeks to book.

Secure this large, quality, great Ocean View property now, while interest rates are low.

Area
Nags Head between hwys
Subdivision
Old Hotel Lots
Unit/Lot#
Lot # 72
Waterfront
Semi-Oceanfront (2nd row)
Waterfront Location
Semi-Oceanfront (2nd row)
Lot SqFt
12500
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Has Pool
Yes
Pool Description
In Ground
Private Pool
Foundation
Piling
Slab
Roads
Paved
Public
Appliances
Dishwasher
Dryer
Microwave
Range/Oven
Refrigerator w/Ice Maker
Washer
2nd Dishwasher
Heating
Central
Heat Pump
Heated Living Area SqFt
3769
Air Conditioning
Central
Heat Pump
Water
Municipal
Sewer/Septic
Private Septic
View Description:
Ocean
Sound
Interior Features
9' Ceilings
All Window Treatments
Cathedral Ceiling(s)
Gas Fireplace
Master Bath
Pantry
Walk in Closet
Wet Bar
Extras
Ceiling Fan(s)
Covered Decks
Hot Tub
Outside Shower
Sun Deck
Tiki Bar
Optional Rooms
Foyer
Game Room
Pantry
Taxes
$5336.49
Association Fee Included?
No
Style
Reverse Floor Plan
Coastal
Construction
Frame
Wood
Exterior
Lap Siding
Cement Fiber Board
Garage
Carport
Parking
Under
Year Built
2001
Days On Market
465
Listing Agent
Mark Massey
Listing Office
Resort Realty - KH

Data provided by Outer Banks Association of Realtors MLS. This data is intended for your personal, non-commerical use. Information is deemed reliable, but is not guaranteed. Copyright 2017 Outer Banks Association of Realtors.