105256

1303 S Virginia Dare Trail #Lot 2,3,4,5, Kill Devil Hills

$4,933,300

MLS#: 105256 Property Type: Land Address: 1303 S Virginia Dare Trail #Lot 2,3,4,5 City / Zip: Kill Devil Hills, NC 27948 Area: Kill Devil Hills Oceanside County: Dare Neighborhood: Kill Devil Bch Acres: 2.75 Date Listed: 05/24/2019

Agent's Comments

This large oceanfront parcel 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. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach. The property currently has 7 homes with profitable rental income. 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.

*Listing provided courtesy of the MLS.
Interior Features
External Features
  • Lot Description: Beach Frontage, Common Area, Level, Water Frontage
  • Waterfront Location: Oceanfront
Additional Features
  • County: Dare
  • Property Sub Type: Single Family Residence
  • View Description: Ocean
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