Property Images: 
MLS# 118547: Zone Change for 60 Townhouses
Asking Price: 
2,100,000
Subdivision: 
None
Unit/Lot #: 
Lot 0
8149 Caratoke Highway Powells Point, NC 27966
Lot 0
Waterfront: 
None

Information

Over 21 Acres in Wonderful Currituck County just minutes from the Bridge to the Outer Banks Ocean Beaches. DEVELOPER in process of seeking County Approval for a 60 Unit Townhouse Project just minutes from the OBX Beaches. Ponder upon this opportunity for a moment. A PLANNED GATED COMMUNITY that has been named "Currituck Way" that will consist of 60, 3 BR units approx. 1500 heated sq. ft. each, with a garage, Community Clubhouse, an Amenity Area and all the infrastructure planned to a point that it is being reviewed by the county for approval.

This is a perfect fit for developers, a buyer in a 1031 Tax Free Exchange position looking for passive cash flow. The need for housing in the Outer Banks makes this a perfect fit for, once developed, a "Buy to Rent" plan that translates into FANTASTIC Income! The going rate for New or Newer 3 BR, 3 BA are reaching records levels due to supply and demand issues.

Area
Pt. Harbor to Powells Pt.
Subdivision
None
Unit/Lot#
Lot 0
Lot Description
Cleared,Level
Possession
Closing
Roads
Paved
Public
Taxes
$1505.58
Association Fee Included?
No - Restrictive Covenants May A
Days On Market
160
Listing Agent
Michael Bishal
Listing Office
Great Escapes Realty

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