Archives for November 2013

New Price on 439 W. Palmetto Drive, Kill Devil Hills, NC

438 W. Palmetto Drive, Kill Devil Hills, NC  27949NEW PRICE!!!

439 W. Palmetto Drive, Kill Devil Hills, NC

 Was $295,000 ~ Now $285,000!!

This custom built home was built in 2002 on a beautiful 10,000 sq. ft lot, although the condition says it was built this year! .. This home has many upgrades that include hardwood floors, new carpet and light fixtures, carribean shutters and ceramic tile. An irrigated zoysia lawn and palms bring the feel of the island to life. The covered patio is perfect for entertaining and is easily accessible. There is 1746 square feet of heated living space and has never been rented!

Conveniently located in the heart of Kill Devil Hills with easy access to shopping, restaurants and more. The ground floor game room, manicured yard,ample deck space, patio area and location at the end of the street make it the perfect place for your beach memories!


Senate Bill 1610/House Bill 3370 – Homeowner Flood Insurance Affordability Act of 2013

In North Carolina, please Contacting Senator Kay Hagan: (202) 224-6342 and Senator Richard Burr: (202) 224-3154.

To find the contact number for the Senator and Representative in your State/District go to:


Current Local impact examples:

LOWER MARKET VALUE?: Bank owned property (land and house) for sale in Avon at $189,000. Home was built in 2005 in an AE zone. Property is Sound side, three rows back from the water, is elevated and did not flood in Hurricane Irene. Prior owner paid $1,200 a year for flood insurance. 2006 revised flood maps put the house in a VE zone (highest risk zone). Prior owner was able to keep the rate premium based on the AE zone. Due to foreclosure, the bank did not carry a flood policy. Potential buyer was quoted $15,000 for a new flood insurance policy. Buyer walked away and a cash buyer purchased the property for $149,000. The new owner was not required to purchase a flood policy since there was not a mortgage on the property.

OUT OF BUSINESS?: An older motel property on the oceanfront in Kill Devil Hills was built before the first flood maps became effective. The owner received a discount on flood insurance and paid approximately $5,600 a year in premium. After asking his insurance agent what his ultimate flood premium would be after phased in rate increases, he was told approximately $55,000.

FORECLOSURE?: A home built prior to 2006 flood maps, located in an AE zone. Owner pays $800 a year for flood insurance. 2006 maps put the home in a VE zone. Owner was quoted $21,216 a year for $250,000 of structure coverage, $100,000 of contents coverage and a $10,000 deductible under the VE zone risk. The owner states that this will make the house unsellable and unaffordable to keep.

A CURRENT OWNER TRYING TO SELL THEIR VACATION PROPERTY RECEIVED THIS NEWS! Their policy is grandfathered to an AE Zone and their renewal premium is $363 a year. If they lose the grandfathered option the renewal would be rated to their current VE Zone and the premium will be $5,870 a year.

REASON… While the law phases in rate increases on older structures, it also removes the grandfathering option when new maps show a change in elevation or flood zone. Structures that weren’t in a flood zone when built may now be required to carry flood insurance. Homes that were built to flood standards in place at the time of construction will now be required to pay to the risk shown under any future revision to the flood map. Revised flood maps will be released in NC tentatively July 2014 but properties where no flood insurance policy exists are already being impacted when a new policy premium is quoted.

As REALTORS we have a responsibility to inform you of this change in the law and how it may impact you.  We continue to fight this law by asking for a total delay of the implementation.  BUT, we can’t do it alone.  We need you! It will take a majority of all US Senators and Representatives to reverse the impacts of this law.

(Written by the Outer Banks Association of Realtors Legislative Sub-committee on Flood Insurance Affordability)

New Listing!! 508 Pine Needle Court, Kill Devil Hills!!

l3fea7844-m0oThere are so many great features to list for this home!

X Flood Zone in a quiet cul de sac with a real front yard and back yard for the kids and animals. The back yard is fully fenced in. There is a one car garage with a workshop area in the back of the garage. Also, a storage shed in the back yard. The separate laundry area on the way to the garage keeps the noise out of the main living areas. Laminate wood floors throughout. Each bedroom has its own bathroom. Above the garage is finished in two separate rooms. One could be an art studio or an office or game room, media room, the possibilities are endless. The back deck was enclosed to make a beautiful fully heated and cooled sun room with french doors. The kitchen has lots of cabinet space and with a first floor master bedroom and extremely large walk in closet, you’ll find yourself right at home. The roof was recently replaced, new septic and siding and a 2 zone heat pump installed recently.

So Close to the Waterfront You can Feel the Sea Spray!! in Kill Devil Hills

3152 Bay Drive, Kill Devil Hills, NC 27948This Kill Devil Hills home has been completely remodeled from top to bottom. The home is currently set up as a 4 bedroom with a lounge off of the master. Could be a 5th bedroom or office. Ground floor LARGE bedroom with den and full bath. Two bedrooms on the mid level, each with a full bathroom attached. One car garage, brand new pool deck, excellent landscaping and views forever. You’ll love the straight shot down Helga Street to the convenient beach access. This is a perfect location for a primary, second or rental home. The top floor is open and flows perfectly with several sitting areas fantastic for entertaining! Enjoy multiple level decking with stairs connecting from top to bottom. The generous pool deck is a perfect place to spend your summer days.

Overall this elegant home will satisfy your waterfront needs and entire Outer Banks experience.

New Listing!! 313 Quail Lane in Kill Devil Hills!!


313 Quail Lane, Kill Devil Hills
MLS#81279 $229,000

Take a look at this great home on nice corner lot! A perfect 3 bedroom, 2 bath home in the heart of Kill Devil Hills. A beautiful yard in a peaceful wooded setting. Be sure to check out the detached oversized garage with a second floor! Imagine the possibilities for all this space! You’ve got to come see this home – it’s the perfect place for your family! Don’t forget about the quick walk to Nags Head Woods!

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Best Buys on the Outer Banks for the Week of November 18th

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New Listing!!103 Gables Way in Kitty Hawk!!

l4e596c44-m0x103 Gables Way,
Kitty Hawk

 MLS #: 80914     $275,000

This is the original model for The Gables. Tile floor, cast iron kitchen sink, 2 full master bedrooms, 3rd bedroom with a full bath just outside the door, very spacious, gas fireplace, 2 walk in closets, full car garage, well landscaped, recently painted exterior make this town home a real winner!


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Amazing NEW Price on 634 Grebe Court, Corolla!!!

New Price on 634 Grebe CourtWas $490,00 NOW $449,000!!

This home has been well cared for & has just been remodeled; looks better than ever! Check the location on this great beach home. Backs up to the Green Conservation Area for privacy as well as situated on a nice cul-de-sac. Neighboring homes are not permitted private pools.

This is your classic beach rental home with proof of up to $44,000 in rental income potential.

Easy walk to the beach and all the amenities of a prime investment property. Ground level game room with 2 bedrooms. Mid level with TV area and 3 bedrooms and main floor with open living space, dining room, kitchen and master.

Enjoy the top floor deck and ocean views.

Best Buys on the Outer Banks for the Week of November 11th

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Poor Ridge Road in Kitty Hawk already has Bank Approval!

4244 Poor Ridge Road, Kitty Hawk, NC

You won’t want to miss out on this FANTASTIC opportunity!! The home already has BANK APPROVAL!!! Act now for quicker closing!!

You will love coming home to this custom built extra large home on one of the most popular streets in Kitty Hawk. So much attention to detail was paid when building this excellent family home. First floor master, HUGE bathroom, 2 closets, hall bath, gas fireplace with stone face, Australian Cypress floors, formal dining room, office area, pocket doors, pantry, large laundry area, huge eat in kitchen with Jenn-Air, wine cooler, butcher block island, granite countertops and stainless appliances all make up the first floor. The extra large garage has 10 foot doors for taller vehicles.

The second floor has a HUMONGOUS game room over the garage with wet bar, two additional large bedrooms share a jack an jill bathroom, also large. Plenty of storage space and an easy flow.

The back deck off the master has a hot tub. This is a lot of house for the money and in excellent condition!