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Outer Banks Distressed Real Estate Listings

These Outer Banks distressed properties are either bank-owned or potential short sales. Bank owned means the mortgage holder has foreclosed on the property and is now offering it for sale. A potential short sale means the seller owes more than the listing price, so the bank may need to approve any offers so the seller is not liable for the difference. Buyers are interested in distressed real estate because there is the potential to find a great deal. However, the extra involvement of the bank can make the purchase process more complicated. If you are interested in distressed property on the Outer Banks (or anywhere else), be sure to work with a buyer’s agent who is experienced in this type of transaction. Don't hesitate to contact our team for help finding and closing on a distressed listing.

Displaying 1 - 10 of 59
Type: Residential - House
Price:  $1,659,000
Waterfront: Oceanfront
Area:  Duck
Bedrooms: 7
Full Baths: 8, Partial Baths: 2
119 Buffell Head Road Duck, NC 27927
Lot 10

The door of opportunity is open to own this seven bedroom oceanfront beauty. Owners have consistently maintained the…

Type: Residential - House
Price:  $899,000
Waterfront: Oceanfront
Area:  Hatteras
Bedrooms: 6
Full Baths: 6, Partial Baths: 2
57206 Summer Place Drive Hatteras, NC 27943
Lot 2

The name means "Hidden Corner". Enjoy panoramic ocean views from your very own corner of the world! This custom-built…

Type: Land - Residential
Price:  $835,000
Waterfront: Oceanfront
Area:  Nags Head
2607 S Virginia Dare Trail Nags Head, NC 27959
Lot #9

Large oceanfront lot located in desirable section of Nags Head. Located in Nags Head Art District and close to many shops…

Type: Residential - House
Price:  $825,000
Waterfront: Oceanside
Area:  Corolla
Bedrooms: 8
Full Baths: 8, Partial Baths: 1
608 Wave Arch Corolla, NC 27927
Lot #75

This vibrant 8 bedroom, 8.5 BR home in Corolla has attracted guests for years with its wonderful location, amenities…

Type: Residential - House
Price:  $799,900
Waterfront: Oceanside
Area:  Avon
Bedrooms: 6
Full Baths: 6, Partial Baths: 1
40328 Ocean Isle Loop AVON, NC 27915
Lot 21

PARADISE RETREAT IS ONE OF THE JEWELS OF THE AVON OCEANSIDE. THIS XL RESORT HOME HAS THE BEST OCEAN ISLE SUBDIVISION ADDRESS…

Type: Residential - House
Price:  $799,900
Waterfront: Other Waterfront
Area:  Southern Shores
Bedrooms: 5
Full Baths: 3, Partial Baths: 1
133 Tall Pine Lane Southern Shores, NC 27949
Lot 2

Luxury waterfront bank owned home. There are too many upgrades in this home to list. Please contact listing agent for…

Type: Residential - House
Price:  $549,000
Waterfront: Oceanside
Area:  Nags Head
Bedrooms: 5
Full Baths: 4, Partial Baths: 1
3628 S Virginia Dare Trail Nags Head, NC 27959
Lot 246

POTENTIAL SHORT SALE ~ SEMI OCEANFRONT ~ NAGS HEAD WITH VIEWS OF OCEAN AND JOCKEY'S RIDGE. Owners have taken great…

Type: Residential - House
Price:  $524,900
Waterfront: Soundfront
Area:  Martins Point
Bedrooms: 4
Full Baths: 3, Partial Baths: 1
7049 Martins Point Road KITTY HAWK, NC 27949
Lot # 27

WOW REDUCED TO ALMOST GIVE AWAY PRICE - $165,000 BELOW TAX APPRIASED VALUE!. SELLER WANTS TO SELL!!. THIS CHARMING 3678…

Type: Land - Residential
Price:  $524,900
Waterfront: Soundfront
Area:  Martins Point
7049 Martins Point Road KITTY HAWK, NC 27949
Lot # 27

WOW! DRASTIC REDUCTION! SELLER WANTS TO SELL. $165000 BELOW TAX APPRAISED VALUE! THIS OVERSIZED BULKHEADED LOT IS IN…

Type: Residential - House
Price:  $499,900
Waterfront: Oceanside
Area:  Corolla
Bedrooms: 4
Full Baths: 5, Partial Baths: 2
800 Corolla Drive Corolla, NC 27927
Lot 61

This home is ABSOLUTELY GORGEOUS!!! It is situated in the sought after, ocean side, area of Corolla / Whalehead Club.…

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