5010 S Virginia Dare Trail, Nags Head, NC 27959

$1,400,000
8
BD
9
BA
4,138
SqFt
Sold Price
$1,400,000
List Price
$1,550,000
Closing Date
Apr 01, 2022
MLS#
117165
Status
SOLD
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
8
Bathrooms
9
Full-baths
7
Half-baths
2
Living Area
4,138
Neighborhood
Vil-NH Elliott Estates

Property Description

"The Capes" have been well known among Nags Head Vacationers for many years. They are known for providing amazing hospitality and accommodations for wedding parties or family reunions. These four (4) similar homes are meticulously maintained and do not show the typical wear of other rentals with similar rental numbers. The current owners close/block the homes after Thanksgiving to begin working on them and preparing for the next season. These homes have great ROI and are turnkey. They have been set up to optimize return. Cape May is the perfect combination of the Old Nags Head rustic feel and modern coastal luxury. Cape May boasts eight (8) bedrooms and seven (7) full bathrooms along with two (2) 1/2 baths. The bedroom on the lowest level is handicap friendly and all rooms are wheel chair accessible. The top level & ships watch showcase theOuterBanks main attraction - the ocean. Under 200 yards ! Great views can be had from the rooms facing the ocean. The open living space flows into the kitchen making it perfect for entertaining and including everyone in the fun. Sporting lots of decks and seating, taking your plate outdoors to enjoy the views may be a popular idea! The game/rec room is perfectly proportioned to the size of the home. It is large and spacious with a pool table, foosball and air hockey. This space makes for an incredible game night in with activities for everyone. There is additional seating (a table with chairs & bar stools), mini fridge and wet bar. Exiting the Rec room and leading out to the pool & hot tub area you will find a private oasis. The area around the pool is spacious with lots of pool loungers and space for outdoor entertaining. When it is sun & sand that you are craving, the beach access is under 200 yards away! Cape May has a great rental history with potential for more. Adding pool heat for offseason rentals is another opportunity for higher rental numbers and an additional income stream.

Additional Information

Air Conditioning
Central
Appliances
Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
Siding
Shakes, Wood
Extras
Elevator
Floor Coverings
Carpet, Tile, Wood Laminate
Garage
None
Heating
Electric, Forced Air
Interior Features
Gas Fireplace
Optional Rooms
Shipswatch
Pool
Yes
Sewer
Community Septic
Style
Contemporary, Traditional, Coastal
View
Ocean
Well
Municipal
Units
1
Zip
27959
Neighborhood
Vil-NH Elliott Estates
Year Built
2005
Annual Fee
400
Association Fee
$True
County
Dare
Rental Co
Beach Realty & Construction
Rental Cottage #
K1152
Rental Cottage Name
Cape May
Furnishings Available
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Seaside Realty Kh. Selling Office: Four Seasons Realty.

Listed by Brook Sparks

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