Property Images: 
MLS# 119778: 11% ROI Renovated OF
Asking Price: 
995,000
Bedrooms: 
4
Subdivision: 
Hatteras Colony
Bathrooms: 
2
Unit/Lot #: 
Lot 11
26397 Colony Drive Salvo, NC 27972
Lot 11
Waterfront: 
Oceanfront
Area: 
Salvo

Information

Over $113K in rents in 2022, not counting almost $10K in owner weeks taken during desirable periods and Thanksgiving and Christmas which, are yet to, but probably to book for another $5K. $125K possible? Hard to find another 4 bedroom home that produces like this. Renovated last year, with rental income in mind, this money maker or better said Beach GEM is a fantastic investment for the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle we used to offer.

Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle.

Any concerns about beach erosion, Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front providing excellent protection from the storms that batter other oceanfront properties. In addition, the soon to be open Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe reducing the likelihood of island being cut off. Big income, in a blossoming region of our beaches.

If investing is your game, Beach GEM is the name.

Area
Salvo Oceanside
Subdivision
Hatteras Colony
Unit/Lot#
Lot 11
Section
C
Waterfront
Oceanfront
Waterfront Location
Oceanfront
Lot Description
Water Frontage
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Has Pool
Yes
Pool Description
Fiberglass
In Ground
Outdoor
Private Pool
Foundation
Piling
Roads
Paved
Public
Appliances
Dishwasher
Dryer
Microwave
Range/Oven
Refrigerator
Washer
Heating
Electric
Heated Living Area SqFt
1680
Air Conditioning
Central
Water
Municipal
Sewer/Septic
Private Septic
View Description:
Ocean
Interior Features
Dryer Connection
Some Windows Treated
Washer Connection
Extras
Beach Access
Ceiling Fan(s)
Common Laundry Area
Covered Decks
Hot Tub
Outside Lighting
Outside Shower
Sun Deck
Tiki Bar
Inside Laundry Room
Optional Rooms
Breakfast Nook
Game Room
Taxes
$3354.38
Association Fee Included?
No - Restrictive Covenants May A
Construction
Frame
Wood
Exterior
Shakes
Garage
None
Parking
Off Street
Year Built
1973
Days On Market
69
Listing Agent
Ian Lassiter
Listing Office
Keller Williams - Outer Banks

Request More Information

Karen DelVacchio
Senior Associate Broker
Cell: 215-694-8883

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