Property Images: 
MLS# 105256: Cluster Housing Project
Asking Price: 
4,933,300
Subdivision: 
Kill Devil Bch
Unit/Lot #: 
Lot 2,3,4,5
1303,1305,1307, S Virginia Dare Trail Kill Devil Hills, NC 27948-0000
Lot 2,3,4,5
Waterfront: 
Oceanfront

Information

Largest oceanfront parcel currently available on the Outer Banks and is being sold as a Cottage Court or a Cluster Housing Project consisting of 17 four bedroom four and one-half bath houses. Both uses are now permitted uses in the Town of Kill Devil Hills. There will be 4 oceanfront cottages and 13 oceanside cottages and a 1200 sqft oceanfront pavilion for the use of all residents. All parking will be under the units.

As Cluster Housing the units can be sold individually and as a Cottage Court they must be owned by a single entity. Preliminary engineering and discussions with the Town Planning indicate a 68 room suite hotel or a condominium complex consisting of 68 bedrooms can be constructed on the property as well. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach with no erosion and no sand tax. The property currently has 7 homes with profitable rental income until redevelopment begins This would be the first Oceanfront Cluster Home Development on the Outer Banks!

Other uses include hotels, multifamily, lot coverage 55%, maximum height 50 feet and up to 0.50 floor area ratio. Digital files available for agents to email to clients, call Eddie at 252-475-0874.

Area
Kill Devil Hills Oceanside
Subdivision
Kill Devil Bch
Unit/Lot#
Lot 2
3
4
5
Waterfront
Oceanfront
Waterfront Location
Oceanfront
Lot Description
Beach Frontage,Common Area,Level,Water Frontage
Lot SqFt
120000
Possession
Closing
Roads
Paved
Public
View Description:
Ocean
Taxes
$22200.66
Association Amenities
Ocean Access
Boardwalk to Beach
Common Area
Association Fee Included?
No
Days On Market
122
Listing Agent
Eddie Goodrich
Listing Office
Village Realty Holdings, LLC - NH

Request More Information

Eddie Goodrich
Associate Broker
Cell: 252-475-0874

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