8229 S Old Oregon Inlet Road Lot #54, Nags Head

Agent's Comments

***Rental Income Producer**** In 2022 and 2023, the property generated a fantastic rental income of $268,000. Carolina Designs and Twiddy project at least $339,000 or more in rental income if seller opened the entire calendar. See projections in associated docs. Discover this irresistibly attractive waterfront property that has undergone an array of impressive enhancements. Embrace breathtaking, unhindered vistas of the ocean from this awe-inspiring 10-bedroom coastal retreat in South Nags Head, meticulously prepared for your immediate enjoyment. With an impressive 10% return on investment and a contemporary coastal ambiance, this home is an absolute turn-key opportunity, offering both the delights of a beachfront haven and strong, steady rental income. Recent aesthetic and functional updates were made with quality and sophisticated elegance in mind, including luxury vinyl plank flooring harmonizing the common areas, two top floor master suites with private bathrooms, stylish vanities adorned with Quartz countertops, upgraded light fixtures and toilets. Tastefully curated furnishings throughout this home, boast renowned brands such as Pottery Barn and West Elm. Indulge in delightful meals around the large custom dining table. Enjoy the recently expanded 2-level oceanside decks, with Trex decking and charming new wood composite furniture. The kitchen and wet bar feature beautiful granite countertops. Within the past year, the lower and mid-levels have been upgraded with two new AC condenser units. The roof and water heaters were replaced in 2021. The Top Level is a wide-open concept encompassing the main living area, kitchen, and dining spaces providing "to-die-for" ocean views with abundant natural light! The massive chef's kitchen has ample counterspace, eat-on bar for 5, granite countertops, stainless steel appliances, and plenty of cabinetry for all your storage needs. Additionally, this level boasts an inviting wine and coffee bar complete with a wine cooler, powder bath, and 2 generous size king ensuites with private baths. The mid-level includes two oceanfront king ensuite bedrooms with sliding glass doors leading to a covered deck complete with a soothing hot tub. This level offers three additional bedrooms, a utility closet with a washer/dryer, and the spacious and inviting front entry with a covered porch, an idyllic spot to relish Outer Banks sunsets. The lower level features a game room equipped with a pool table and an exciting new full size stand-up arcade game with 60 classic games, a wet bar with full size refrigerator, microwave, and a cozy sitting area. Also on this level is a full-sized laundry area, and three additional bedrooms (2 share a Jack and Jill bath), a full hall bath, and a powder room, with the convenience of direct access to the private 12'x32' heated pool. The property's highly sought after location lies between Jeannette's Pier and Outer Banks Fishing Pier, providing an unbeatable tranquil, non-commercial ambiance with effortless proximity to shops and restaurants. Notable nearby attractions include the Pea Island Wildlife Refuge, Oregon Inlet, two world-class fishing centers, Tanger Outlets, Historic Manteo, and Jockey's Ridge. This extraordinary oceanfront income-generating gem represents not only a prudent investment but also a splendid abode to savor for years to come.