Outer Banks, NC Real Estate Resource
10 glorious and unspoiled acres, spanning from oceanfront to sound in Swan Island Estates. Swan Island Estates is a wonderful community of large lots that lend themselves to premium homes. Enjoy the sunrise over the ocean and breathtaking sunsets over the sound. Create the ultimate vacation rental machine or a stunning 2nd home. With a lot this size, the possibilities are endless. Take advantage of this unbelievable pricing to invest in one of the most unique properties on the Outer Banks.
634 Grebe CourtThis 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. This is your classic beach rental home with proof of up to $44,000 in rental income potential.
Actual ocean views, nice deck space, screened porch, sunny and bright interior, top floor bedroom, easy flow floor plan, awesome community amenities, hot tub, bright open kitchen, ground floor entrance, cul de sac location, laminate wood floors and a fantastic price round out the benefits of the “Sunflower” beach cottage. MLS# 77980
Excellent opportunity for comfortable one floor living. This solidly built brick home in Southern Shores, was a contractors home. 2 bedrooms share a bath on one end of the home, while the master bedroom, HUGE walk in closet and HUGE master bath with double sinks make up the opposite end. Oversized Master Bath shower with all tile and two shower heads. Extra large kitchen with eat in area, dining room and living room with an extra office AND media/TV area.
The solid brick deck spans the entire back side of the home! Great for cookouts.
Just a few steps away to the bulkheaded canal for all your boating fun.
Tons of parking in addition to the 2 car garage.
8.8 private acres in Kitty Hawk Village with a Vintage 1940 Oceanfront original four bedroom -two bath that was moved to this property in 1991. This home is very solid with T&G Juniper throughout , a brick fireplace and TONS of charm. The lot has two nice ridges and the home did not get wet during Irene.
There are fruit trees and two outbuildings with Power – one of them has two 220 outlets and is ready for your workshop pleasure. Be the first to make an appointment because this is a nice chunk of Kitty Hawk.
Country style Living at the beach- Bring your horses, goats, chickens and settle in.
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!
The factors currently affecting real estate on the Outer Banks now and for the next few years are:
1. Dare County taxes have increased by 3.25%
2. Homeowners insurance has gone up 17%
3. Interest rates have risen slightly
4. Flood Insurance rates are still set to rise over 400% for new purchases in October
The first four factors can affect how much a buyer can qualify for as all of these expenses are included in the calculation by the lender to determine their loan limit amounts.
5. Occupancy tax on vacation rentals is due to go up 1% in 2014 for beach nourishment in Dare County. That will impact rental rates and ultimately net income.
6. Average sales price for the area is down 6% YTD, and 9% from this same time last year
7. Foreclosure filings are at their highest levels since August 2012
8. Average sales price for Bank Owned homes is down 22% YTD, with 7% more sales
9. Supply of homes for sale continues to exceed 16 months
10. Average number of new properties coming on the market each month YTD is 400
Why then, are people still selling their homes in this market? There are two reasons for this.
As always if I can help you with any real estate questions please contact me!
