Positive annual estimated cash flow of +$13k at a full sales price using actual expenses. $169,597 in OWNERS RENT in 2018, with one in season owner week included!! And, with a high quality, good condition, safe Oceanfront home.....Seeking a high end, great condition, & well cared for Oceanfront home, with the safest and most stable dune around, with a wide quiet beach and great rental numbers...?... well this "Carolina Dream" home is it! High quality, upscale, Custom Oceanfront Vacation home, in super condition, positioned on a large, deep, well landscaped lot, along one of the nicest and most stable beaches & dune lines on the Outer Banks. Approx $170,000 in annual owners rents for this 8 bedroom, elevator, custom pool and rec room home! ($180,845 advertised rent, $161,948 owners rent with one June owners week used, would be $169,597 owners rent with week added in). Purchase with 'money on the books!', as $140,563 in already booked for 2019 as of 11-6 -18. Open home design offers dramatic Ocean Views thru the 32' of East facing glass and from the extensive decking. Floorplan provides large living areas, high end gourmet kitchen w/ granite counters, mid level sitting area / office, rec room, loft, breakfast nook, many areas to spread out. This well thought out home offers everything renters desire, including custom gunite heated pool with waterfall, with kiddie pool, built-in hot tub, flagstone deck, ELEVATOR, multiple master bedrooms, 2 wet bars, large dune top deck, walking distance to shops/restaurants, attractive mature landscaping and the best beach around. Upscale kitchen with quality cabinets, granite counter tops, backsplash tile, under cabinet lighting, stainless steel appliances (2 dishwashers, oversized Sub-Zero fridge, 2 wall ovens, warming oven, microwave, ice maker). Each bathroom is a showplace, all with granite or silestone vanity tops, no builders grade here, all baths tile or marble, upgraded Kohler plumbing fixtures, full height beveled mirrors, only high end cabinetry, (4)custom tile showers including a handicap friendly room & bath. Professionally decorated and accessorized, with all the electronics you should expect in a luxury home. Very well maintained by conscientious quality minded owners, with new, low maintenance Luxury Vinyl Tile flooring in hallways and common areas. The quality of the dune and this accreting beach can't be overstated, and provides the protection desired on the Oceanfront. Never any storm damage, not even a dune step damaged! Quality built with solid pine interior doors, cedar lined closets, marble foyer compass rose, hardiplank siding, vinyl railings, automatic storm shutters on great room slider, beautiful kitchen and baths. Sodded, irrigated, attractive landscaped grounds, and deep vegetated dune provide a clean and stable property. Use Nags Head's detached bike bath to walk to Red Drum, Surfing Spoon, Grocery and others. High, consistent rental income, with +$170,000 for 2018, and increasing in years to come. Rental Ration over 9.5%, while providing a high quality, super condition home, on safe, secure homesite. No need for beach nourishment here, so no extra tax expense for this property! This home will be a pleasure to show and own!
Listing courtesy of Resort Realty - Kh.
Listed by Mark Massey
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