OBX Real Estate Search
Address Search
2020
The Outer Banks Market is on Fire! If you are considering the purchase of an investment home, you should strongly consider locking up the right property before the most preferred homes are gone. Total inventory is down 67% YTD. Coastal Property Partners can help you find the right house and get it under contract quickly. Call, text or email Chandler Spawr and tell him exactly what interests you (area, size, rental or non-rental, waterfront, etc) and he will guide you through the process.
(252) 202-9880 or obxhomes@gmail.com
We look forward to helping you !
Interested in the value of your home?
Click HERE for our INSTANT VALUATION Module
(this can be used for any property in the US)
"We recently had our home sold in the OBX. We had it up for sale for over 3 years with a major realty firm on the beach. After 3 years, we finally decided to list it with Coastal Property Partners and it SOLD after only 45 days on the market! The efforts of Chandler Spawr & Coastal Property Partners was a MAJOR factor in our house selling. His professional approach coupled with his knowledge of how to reach out to the market area was impressive, to say the least! Chandler was the difference for us!"
- John & Debbie, Leesburg, VA Jan 2020
For decades, the Outer Banks has proved to have a profitable investment property market. The beautiful and unique characteristics have continued to draw homeowners and vacationers back every year for its invaluable experience. The Outer Banks is ranked the #1 Family Beach Vacation in the United States by the U.S. News and World Report for its unlimited activities that accommodate all members of the family and its pristine beaches.
The 2019 data indicates one of the strongest periods for Outer Banks Real Estate in many years. Total Unit Sales and Total Sales Volume were at the highest levels since 2005. We are finally back! 2020 will prove to be the best year to invest in OBX Real Estate before the prices begin their much anticipated climb. We are ready to show you how to put your money to work and help diversify your investment portfolio.
We enjoy working with buyers and sellers. We concentrate on creating marketing and exposure for our listing clients that wish to sell their OBX home. For Marketing Examples visit our VIDEO PAGE to see how we can help you sell your property.
Let us help you achieve your goals. Contact us to get started!
Martha and Chandler Spawr
Featured Property Video
867 Lighthouse Dr Corolla, NC. 27949
$230,000 Rental Income Guarantee!!
See what others have to say:
Find Your Inspiration
Oceanfront 9 BR 9.5 Bath Rental Machine with a lovely pool and unobstructed ocean to sound views, overlooking the lowest density beach on the OBX. Gourmet Kitchen by Cozy...
- 9 Beds
- 10 Baths
Listing courtesy of Twiddy & Co. - Duck.
Searenity -an oceanfront resort with an impressive list of amenities. On the ground floor, there is a rec room with shuffleboard table and kitchenette with refrigerator,...
- 18 Beds
- 19 Baths
Listing courtesy of Saga Realty And Construction.
Heels in The Sand located in the most prestigious area of Corolla offers unsurpassed panaromic views of the Ocean and Sound. These mesmerizing views only enhance the arc...
- 9 Beds
- 13 Baths
Listing courtesy of Island Crest Obx Realty.
OVER $280K IN RENTAL INCOME FOR 2021! Exquisite Southern Shores Oceanfront! Experience the best beachfront location in Southern Shores at this recently constructed lavish...
- 7 Beds
- 9 Baths
Listing courtesy of Four Seasons Realty.
Unique Spectacular Waterfront Commercial Property, which comprises of buildings 1, 2 and 3 that equals 17 units and two small storage buildings together with an adjacent ...
Listing courtesy of Great Escapes Realty.
This Spectacular Pristine Ocean Front Home is Situated on a High Elevation. A Treasure with all the Bells & Whistles including Amazing Ocean Views! A Kitchen fit for a Ch...
- 10 Beds
- 11 Baths
Listing courtesy of Corolla Beach Realty.
Your Endless Summer has arrived and in perfect fashion at this Southern Shores Coastal Retreat. A super cool Craftsman style with a unique beachy yet elegant twist! Its l...
- 9 Beds
- 10 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
RARE OPPORTUNITY FOR 4.7 ACS AT A STOPLIGHT ON THE BYPASS. A vacant commercial site of this size is very very unusual on the Outer Banks. Centrally located across from J...
Listing courtesy of Harrell & Associates.
Elegant, grand, splendid, spectacular, amazing, exquisite, perfect, breathtaking, and extravagant are just a handful of words that come to mind when trying to describe th...
- 16 Beds
- 19 Baths
Listing courtesy of Keller Williams - Outer Banks.
This is one Pine Island home you do not want to miss. Check out the ocean views from the mid-level Foyer! Located on a high elevation 100’ wide oceanfront homesite “Felic...
- 6 Beds
- 8 Baths
Listing courtesy of Carolina Designs Realty.
Enjoy the casual coastal elegance of this 9 bedroom oceanfront estate gracing 100 feet of Corolla’s finest oceanfront beach at The Whalehead Club. Infinite luxury abounds...
- 9 Beds
- 10 Baths
Listing courtesy of Keller Williams - Outer Banks.
KDH Paradise is an amazing oceanfront 12 bed 13 bath estate with incredible rental income YTD $350K+. Spacious layout, beautiful furnishings, vivid ocean views and top of...
- 12 Beds
- 13 Baths
Listing courtesy of Clickit Realty.
RENTAL INCOME OVER $300,000! ROI OVER 10%! STUNNING CUSTOM FINISHES! This home will truly amaze and delight you and your guests! With well over 5,000 sq ft of living...
- 8 Beds
- 11 Baths
Listing courtesy of Howard Hanna Outer Banks Realty.
Huge (7,000+ sq ft) 8 bedroom oceanfront home in the alluring gated community of Spindrift in Corolla. This home offers luxury and privacy with its classic Victorian arch...
- 8 Beds
- 9 Baths
Listing courtesy of Four Seasons Realty.
Sea Oats Cottage is a gorgeous 6BR/5.5BA Corolla Oceanfront home located on a premium homesite in the extremely desirable Whalehead subdivision. Quality built by Olin Fin...
- 6 Beds
- 6 Baths
Listing courtesy of Great Escapes Realty.
10 BR 10.5 baths OCEANFRONT Luxury Property on "Millionaire's Row" in heart of Kill Devil Hills! Over $308,0000 in rent for 2021! Projections for 2022 Over $315,000....
- 10 Beds
- 11 Baths
Listing courtesy of Michelle Chapman Real Estate.
Finally, a luxurious vacation home on the Outer Banks with a cutting-edge contemporary design! What’s more are the expansive 180 degree ocean views and a deeded beach acc...
- 9 Beds
- 11 Baths
Listing courtesy of All About Obx Real Estate.
TURN KEY estate, everything included with it, just an added bonus. All you need is your suitcase and you are all set. The highest quality built Estate, in the best prime...
- 6 Beds
- 8 Baths
Listing courtesy of Listwithfreedom.Com.
UNIQUE OPPORTUNITY: OCEANFRONT - MP 8 - KILL DEVIL HILLS! Located on a 90-foot-wide, 24,000/sf lot, the 12 bedroom oceanfront home features expansive views of the Easter...
- 12 Beds
- 11 Baths
Listing courtesy of Harrell & Associates.
Estimated $65k annual POSITIVE cash flow with 25% down! The ultimate Nags Head beach experience awaits you in this beautiful 12-bedroom oceanfront home. “The Stars” is c...
- 12 Beds
- 13 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
Stunning & completely renovated first tier oceanfront home in the sought after Buck Island community of Corolla. A Griggs & Cozy Kitchen custom remodel, this professional...
- 5 Beds
- 6 Baths
Listing courtesy of Twiddy & Company - Corolla.
This is a rare opportunity to own a home of this size and capacity in the Town of Duck! Enjoy ocean views and direct ocean access to the beach without the additional risk...
- 10 Beds
- 11 Baths
Listing courtesy of Carolina Designs Realty.
OVER $200K IN RENTAL INCOME! Beautiful oceanfront in north Duck with sweeping views. A sound investment with great rental income, the home consistently generates about $2...
- 6 Beds
- 7 Baths
Listing courtesy of Four Seasons Realty.
Here is your opportunity to own a piece of pristine shoreline in Whalehead Beach. If you have ever visited Corolla, you know that Whalehead is famous for its wide, sandy ...
- 7 Beds
- 8 Baths
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
OCEANFRONT BUCK ISLAND HOME HAS THE BEST VIEWS OF THE OCEAN. THIS HOME IS BUILT WITH THE POOL TO THE PROTECTED WEST SIDE OF THE BUILDING. THIS HOME IS LOCATED WITH DECKS...
- 7 Beds
- 7 Baths
Listing courtesy of Saga Realty And Construction.
Experience the sunrise and sunset over the water in this 8 en suite bedroom oceanfront home just steps away from Jenette's Pier. Designed by renowned architect Ralph Lass...
- 8 Beds
- 11 Baths
Listing courtesy of Carolina Designs Realty.
Amazing ocean views from this coastal retreat! Currently $190,000 in rents. Spacious oceanfront decks provide plenty of opportunities to soak up the sun and enjoy the oce...
- 7 Beds
- 8 Baths
Listing courtesy of Century 21 Nachman Realty.
Stunning ocean views abound from this comfortable, well-designed home just steps from the beach in the coveted neighborhood of Four Seasons in Duck. Directly across from ...
- 7 Beds
- 7 Baths
Listing courtesy of Four Seasons Realty.
Located in Spindrift, an intimate gated community, offering oversized home sites, tennis courts, and private beach access. Situated with permanent ocean views - directly...
- 8 Beds
- 8 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
Welcome to 131 W. Charles Jenkins Lane - to say this 6 bedroom, 6 1/2 bathroom soundfront home has been meticulously maintained is an understatement. And the views.... th...
- 6 Beds
- 7 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Wow, huge family home in excellent condition, premium furnishings, great location with boat dock and wonderful sound views. Imagine the endless sunsets you can enjoy ......
- 7 Beds
- 9 Baths
Listing courtesy of Keller Williams - Outer Banks.
Oceanfront, Vacation Rental Home on a deep road to ocean lot with reverse floor plan presents panoramic views of pristine beach and Atlantic Ocean from spacious living ro...
- 8 Beds
- 6 Baths
Listing courtesy of Sun Realty - Kdh.
With a prime oceanfront location, thoughtful design, and stunning views from both the second & third levels, it's no surprise that this 7 bedroom home is a high income pr...
- 7 Beds
- 8 Baths
Listing courtesy of Twiddy & Company - Corolla.
Premier Oceanfront lot in Corolla! There only a few oceanfront lots left in all of Corolla. This is your opportunity to own an incredible piece of waterfront in the su...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
This landmark property has a successfully served one meal a day for over over 30 years and provided a good living for the owner. Near one of the busiest intersections on ...
Listing courtesy of Scott Team Realty.
SALTAIRE a charming Turnkey Victorian Mansion. Built just a few years ago to look and feel like a true Carolina Classic. The highest quality built 7206 sq ft Estate / Ele...
- 6 Beds
- 8 Baths
Listing courtesy of Listwithfreedom.Com.
Quintessential Luxury Family Retreat, just the right floor plan to live in comfort with plenty of room when the kids and grandkids visit. Tastefully remodeled to the hig...
- 5 Beds
- 6 Baths
Listing courtesy of Twiddy & Co. - Duck.
Make "Dot's Spot" your spot on the ocean in Southern Shores. Well maintained and conveniently located this house is on a huge lot and buyer ready. This location is i...
- 5 Beds
- 5 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
Rare Opportunity to own a 5 bedroom (3 are master suites) 6 bath Soundfront Stunner in the coveted community of Sea Tern. This home delivers it all. Amazing waterfront ho...
- 5 Beds
- 6 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
YOUR DREAMS COME TRUE WHEN YOU OWN THIS FABLOUS OCEANFRONT BEACH HOUSE $170k booked for 2021 with more potential available! This is a Nags Head beach house at its finest...
- 6 Beds
- 7 Baths
Listing courtesy of Village Realty Holdings, Llc - Nh.
Beautifully Sublime, Extremely Private 10 Acre Oasis with Very High Elevation in a Peaceful Maritime Forest of Majestic Live Oak Trees and Wild Mustangs in the Four-Wheel...
- 5 Beds
- 6 Baths
Listing courtesy of Twiddy And Company - Wash Woods.
SEA FOREVER Location, location, location. Oceanfront on 3.5 ac with 23 foot elevation, SEA FOREVER has most super panoramic ocean for sunrise & sound for sunset views in ...
- 6 Beds
- 5 Baths
Listing courtesy of Listwithfreedom.Com.
Oceanfront Second Home located in South Nags Head near Coquina Beach. This is a true second home on a 100 foot wide oceanfront lot in one of the premier locations on the ...
- 5 Beds
- 4 Baths
Listing courtesy of Village Realty Holdings, Llc - Nh.
Ready to own a beach property with strong rental income? Well check out this oceanfront 8 bedroom, 5 bathroom house located in South Nags Head. This spacious house has am...
- 8 Beds
- 7 Baths
Listing courtesy of Joe Lamb Realty.
Located on the Oceanfront at MP 17, this 9 Bedroom home is outfitted for FUN! A private beach walkway takes you straight to the Ocean front from your private (14x29) poo...
- 9 Beds
- 8 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Great 2nd Tier Oceanfront in prestigious Buck Island. Outstanding views and a semi private walkway. This home has been a solid rental for years, but has many weeks that c...
- 6 Beds
- 6 Baths
Listing courtesy of Keller Williams - Outer Banks.
Updated Nags Head Semi Oceanfront Rental Machine! $186,000 booked YTD for 2021 and a few open fall weeks are still available. Ocean Views. Large 5,000 square foot 8 bed...
- 8 Beds
- 10 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Classic Nags Head Style home on an oversized oceanfront lot with substantial vegetated dune for extra protection. This 7 bedroom 4 bath home has expansive unobstructed oc...
- 7 Beds
- 4 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Awesome ocean to sound views from this road to ocean home. Windows galore for all views. Owners have made improvements each year of ownership including new sliding doors...
- 5 Beds
- 4 Baths
Listing courtesy of Atlantic Realty.
Updated Oceanfront Money Maker! 8+Bedrooms (2 owner suites), 6.5 baths. HUGE 3rd floor Great Room-Open w/Living, KIT., Dining, Decks, Screen Porch and a Panoramic View. G...
- 8 Beds
- 7 Baths
Listing courtesy of Howard Hanna Outer Banks Realty.
Come see one of the finest waterfront homes with a private pier on the Outer Banks. This 6 bedroom, 6 1/2 bath home, in the gated community of First Flight Ridge on Kitty...
- 6 Beds
- 7 Baths
Listing courtesy of All About Obx Real Estate.
Here's what you've been looking for! A gorgeous, updated beach house in Whalehead, Corolla with AMAZING VIEWS and a direct beach access! Add in the stunning chandelier yo...
- 5 Beds
- 6 Baths
Listing courtesy of All About Obx Real Estate.
Nags Head Classic 8 Bedroom Oceanfront Duplex on very unique 100 Ft wide Lot offers Panoramic Ocean Views!! Recently upgraded kitchens! Each side has four bedrooms, 3.5 ...
- 8 Beds
- 8 Baths
Listing courtesy of Sun Realty - Kdh.
Rare opportunity to own a piece of the Outer Banks history. According to the sellers, the front cottage named the "Ruth Cottage" was the boat house for the Lifesaving St...
- 8 Beds
- 3 Baths
Listing courtesy of Twiddy & Company - Corolla.
Over $120K in rental income for 2021! Enjoy amazing ocean views and convenient BEACH ACCESS DIRECTLY ACROSS THE STREET at this beautiful 8 bedroom semi-oceanfront home in...
- 8 Beds
- 7 Baths
Listing courtesy of Four Seasons Realty.
Location, Location, Location!!! Longview Cottage, appropriately named with it's breathtaking views of the Atlantic Ocean, wide sandy beaches and inviting dune top deck. O...
- 5 Beds
- 4 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
This is truly a one of a kind offering. Large main house with guest cottage on 1.4 acres. Inspired by Frank Lloyd Wright's Ward Willets house in Highland Park, IL. The fi...
- 4 Beds
- 3 Baths
Listing courtesy of Wray Realty.
Rental Machine!! If you are looking for a classic oceanfront property with great rental income, in one of Duck's most popular neighborhoods, 123 Buffell Head Road is must...
- 4 Beds
- 5 Baths
Listing courtesy of Obx Life, Llc.
Looking for a contemporary beach style house in the OBX with all the luxuries and amenities? This one is for you. Bring the whole family! No matter how big the group, it...
- 7 Beds
- 9 Baths
Listing courtesy of Colony Realty Corp - Frisco.
If you have been waiting for a gorgeous, turn-key, meticulously maintained beach home with ocean views, you’ve just found it! Located one lot off the ocean in Southern Sh...
- 7 Beds
- 9 Baths
Listing courtesy of Twiddy & Co. - Duck.
PRIME CORNER LOCATION ACROSS FROM THE YMCA- Live the OBX dream of owning a successful and highly profitable retail business, The French Door, everything is already up and...
Listing courtesy of Re/Max Coastal Associates.
AN OUTER BANKS CLASSIC!! EXPERIENCE AN OUTER BANKS ORIGINAL BEACH HOME IN THE HISTORIC DISTRICT OF NAGS HEAD! SUCH AN AMAZING LOCATION WITH UNCROWDED BEACHES, SPECTACUL...
- 4 Beds
- 1 Baths
Listing courtesy of Keller Williams - Outer Banks.
There are TWO lots. 101 Scarborough Lane PIN (985916838382) is .52 acres and 103 Scarborough Lane PIN (9859168338281) is .60 acres. This listing is for BOTH Village Comme...
Listing courtesy of Keller Williams - Outer Banks.
Wanting to build your oceanfront dream home. Here is your chance! Corolla Oceanfront Lot! Ocean Views! Unique Opportunity to build your dream oceanfront home in Ocean San...
Listing courtesy of Saga Realty And Construction.
This is an Awesome 8 bedroom 8.5 bath rental home with an ELEVATOR, large open living and dining area with a gourmet kitchen and a large breakfast bar and a huge master ...
- 8 Beds
- 9 Baths
Listing courtesy of Carolina Designs Realty.
Here is the unique opportunity you have been waiting for!!! Elevated more than 40' above sea level and set in the desirable Sea Ridge Community in Duck, Pelican Peak boa...
- 4 Beds
- 5 Baths
Listing courtesy of Midgett Realty - Rodanthe.
Beautiful home in The Currituck Club! This home has curb appeal with an attractive coastal architectural style/design, tasteful decor/furnishings throughout, and is locat...
- 7 Beds
- 8 Baths
Listing courtesy of Village Realty Holdings, Llc - Nh.
Spacious 8-bedroom, 8.5 bath vacation home complete with cabana, private pool and hot tub located on an X-Flood zone lot in Whalehead. Just 200 yards from the beach, thi...
- 8 Beds
- 9 Baths
Listing courtesy of Keller Williams - Outer Banks.
Serenity in Sea Crest Village Southern Shores! A rare opportunity to own a 7 bedroom (6 are Master Suites ),6.5 bath home with 228 ft. of lake frontage and situated on a ...
- 7 Beds
- 7 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
SHOWSTOPPER IN THE HEART OF DUCK!! STUNNING, CUSTOM BUILT HOME! STEP INTO THE LUXURIOUS AQUATERRA... designed to be the perfect family home and a rental machine for cha...
- 6 Beds
- 6 Baths
Listing courtesy of Keller Williams - Outer Banks.
Beautifully Maintained Oceanfront. A must see. House built by Brumfield Construction with custom touches. Sit on the expansive decking with coffee in hand and watch the a...
- 6 Beds
- 6 Baths
Listing courtesy of Corolla Beach Realty.
This home is a stunner! Quality built, with 6 bedrooms, and 6 and one half bath. You'll find everything you need for a family vacation. The spacious top floor is open and...
- 6 Beds
- 7 Baths
Listing courtesy of Colony Realty Corp - Frisco.
This is arguably the most beautiful homesite in all of Dare County. A double lot containing 1.36 total acres offers the opportunity to construct an estate style homeplac...
Listing courtesy of Sea Haven Realty.
"MOTIVATED SELLERS" BRING ALL OFFERS!!! BUSINESS & REAL ESTATE FOR SALE!! Rare chance to own an income producing property in the heart of Corolla. Eden Day Spa & Salon ha...
Listing courtesy of Re/Max Ultra.
Take a look at this Ocean side Corolla stunner featuring 7 Bedrooms, 6 and 1/2 Baths, with private swimming pool, game room and Ocean views! All of this only 3 lots from ...
- 7 Beds
- 7 Baths
Listing courtesy of Surf Or Sound Realty - Rodanthe.
This former gas station would be a perfect spot for a gas station, retail store, restaurant, or anything that would benefit from thousands of vehicles passing daily. H...
Listing courtesy of Outer Banks Blue Realty Srvcs..
This Beautiful upgraded Semi-Oceanfront Home in the 4x4 area is a paradise boasting stunning Panoramic Ocean Views and Dunes that are frequented by the Wild Horses! This ...
- 8 Beds
- 10 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Majestic Masterpiece! Extensive Quality Millwork and Artisan Craftsmanship abounds! Solid "Mission Style" furnishings throughout. All Living spaces open to wrap around de...
- 5 Beds
- 6 Baths
Listing courtesy of Howard Hanna Outer Banks Realty.
This property is in a prime location for traffic views. Across from the Food Lion/grocery store in one of Corolla's largest shopping centers. The property and business ...
Listing courtesy of The Real Estate Group Carolina Properties.
Atlantic views with no expenses spared on recent updates at the stunning Palmetto Paradise. This exceptionally maintained home features a new fortified roof, new decking,...
- 4 Beds
- 4 Baths
Listing courtesy of Lime Rock Realty Llc.
SEMI-OCEANFRONT opportunity in Ocean Sands, Section Q!! Charming SEMI-OF beach home just steps from the Atlantic ocean!! Well maintained two-story home with multi level ...
- 4 Beds
- 3 Baths
Listing courtesy of Sun Realty - Kdh.
The spacious floor plan and guest friendly layout make Happy Haven a must-see! It’s an easy walk past the tennis courts to the ocean beach access. Back at home you and yo...
- 7 Beds
- 9 Baths
Listing courtesy of Village Realty Holdings, Llc - Corolla.
Location, Location, Location. If you are considering a commercial investment come take a look at this gem. It offer multi income streams with room to improve. Current lo...
Listing courtesy of Colony Realty Corp - Frisco.
Come see "Atlantic Coast Cottage" before its gone. Being only 175 feet to the beach access, "Atlantic Coast Cottage", is worth your time to view. This home has had a trem...
- 6 Beds
- 6 Baths
Listing courtesy of Re/Max Surfside.
Immaculate Kitty Hawk oceanfront with breathtaking views! Meticulously maintained! Projected to generate $113,835 in gross rental income! Everything has been updated and ...
- 3 Beds
- 2 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
C TO SHINING C, just like the beautiful anthem, hearkens to a pristine and spacious setting that provides inviting ocean views along with a feeling of openness and calm. ...
- 5 Beds
- 5 Baths
Listing courtesy of Twiddy & Company - Corolla.
WATCH THE WAVES CRASH FROM THE COMFORT OF YOUR HOME! This amazing corner Semi-Oceanfront 7 bedroom home includes all of the features you want in your investment or second...
- 7 Beds
- 8 Baths
Listing courtesy of Twiddy And Company - Wash Woods.
FRESHLY PAINTED EXTERIOR for 2021! View, views and more views! The amazing elevation in addition to the crow's nest let's you see Duck from a perspective never imagined...
- 6 Beds
- 6 Baths
Listing courtesy of Beach Realty & Constr - Duck.
Minutes to the beach! Check out this beautiful corner lot with gorgeous yard with outdoor pool area. This Crown Point highly elevated reverse floor plan is currently a y...
- 5 Beds
- 5 Baths
Listing courtesy of Village Realty Holdings, Llc - Corolla.
"Jennette's Cottages" Fully Approved Cottage Court consisting of 6 houses, 24 bedrooms with pool at Whalebone Junction, located directly across the street from Jennette's...
Listing courtesy of Village Realty Holdings, Llc - Nh.
None
- 7 Beds
- 5 Baths
Listing courtesy of Village Realty Holdings, Llc - Corolla.
Whether you are looking for the perfect vacation home or rental property, you owe it to yourself to visit "Wine Down". This beautifully decorated and maintained 7-bedro...
- 7 Beds
- 8 Baths
Listing courtesy of Midgett Realty - Rodanthe.
Beautiful Well cared for Home. House is an 8Bedroom, all master house a real plus. Chef's kitchen with 40" range with dual oven, 2 dishwashers, and plenty of counter spac...
- 8 Beds
- 9 Baths
Listing courtesy of Corolla Beach Realty.
These two beautiful properties are being sold together. Houses sit on two separate lots. These lots combined, back up to Nags Head Woods Preserve. Located high on a du...
- 4 Beds
- 5 Baths
Listing courtesy of Village Realty Holdings, Llc - Nh.
MARTIN'S POINT CREEKFRONT WITH MAC DADDY PIER & DOCK! If you love the water and boating the creekfront is where it's happening on the OBX! Relax by your pool and listen...
- 4 Beds
- 4 Baths
Listing courtesy of Keller Williams - Outer Banks.
Honey, stop the car! This property has been thoughtfully renovated from top to bottom! This home has a reverse open floor plan; with the living room, dining, and kitchen...
- 7 Beds
- 6 Baths
Listing courtesy of Century 21 Nachman Realty.
A beautiful home located in the exclusive gated Buck Island community — “Mystic Breeze” recently remodeled and professionally decorated — a MUST SEE to appreciate. The t...
- 4 Beds
- 4 Baths
Listing courtesy of Twiddy & Company - Corolla.
Premiere 6-bedroom, 6.5 bath vacation home nestled on a wooded golf course lot. This home is designed with all the amenities necessary for a comfortable and luxurious OB...
- 6 Beds
- 7 Baths
Listing courtesy of Keller Williams - Outer Banks.
Classic semi-oceanfront in Kill Devil Hills. 4 Bedroom 4.5 Bath. Oceanfront decks on 2nd and 3rd levels provide expansive ocean views with little obstruction. Can watch ...
- 4 Beds
- 5 Baths
Listing courtesy of Southern Shores Realty.
Congrats! You have officially found that Corolla dream home you've been searching for! Located within the pristine natural beauty of The Currituck Club in gorgeous seasid...
- 5 Beds
- 5 Baths
Listing courtesy of Kitty Hawk Land Company.
Address Search
Find Your OBX Home Value
click below for instant valuation
Investment Home Primer
For those new to the OBX market, here is a quick overview:
Rental income is largely determined by your distance to the ocean. An oceanfront property will always rent better than one that is 3-4 rows back. They get a higher rental rate and typically rent for more weeks out of the year. A newer oceanfront home can rent for 24 weeks of the year, whereas a house that is 3-4 rows back may only rent for 16-18 weeks. With most investment properties, the strength of the investment is based on the cash flow (money in vs. money out). The way to analyze this is GRY (Gross Rental Yield). This is calculated by dividing the gross income by the purchase price. An example would be: If a home has a gross income of $85,000 and cost $1,000,000 the GRY = 8.5%. A general rule of thumb in our market is if the home produces a GRY of 8% or above, it should cover most all of the expenses, including mortgage.
Expenses can range from utilities, taxes, mortgage, property management, insurance, HOA fees & maintenance. These will vary depending on many things: An oceanfront home will have higher insurance rates. Some homes have very low HOA fees and others are quite high. A newer home will have fewer maintenance issues vs. an older home, etc
HOA fees will largely be determined by the services and amenities provided. Some subdivisions will offer swimming pools & tennis courts but the HOA fee will be higher to pay for these things. Other subdivisions may not offer an expansive list of amenities, thus the HOA fee is low.
Most of the OBX is on private septic systems, however there are subdivisions with sewer systems. Areas with septic will usually be platted on larger lots since the septic area takes up space. If a subdivision is set up on a sewer system, the lots may be very small. That means the houses could be much closer to each other. The HOA would also have to charge a fee for the sewer system usage.
Property management is big business here. There are many rental companies on the beach. The owner chooses who they want to use based on performance, rates, and services provided. The rate can range from 14% to 20% of gross rents depending on the services you want them to provide. You can either have them take care of everything (bookings, pool service, weekly cleanings, linens, landscaping, filter changes, etc) and that rate may be 18-20%. However, if you hire your own pool company and you do the landscaping yourself, that rate would be reduced. In NC, if the home is in a rental program, the new owner has to honor all weeks booked for at least 180 days from closing. That way a new owner can't simply cancel everyone's reservation.
All rental money is prorated to the day of closing. That means if you bought a house and closed on May 1st, you would own all the money from any week booked after May 1st. The seller would keep any money from the weeks occurring prior to May 1st.
This is an amenity driven market. The more amenities a house can offer will make it more attractive to potential renters. Swimming pools, hot tubs, gamerooms, views, theater rooms, etc are what renters desire and these amenities will increase your bottom line. Most of these homes are sold fully furnished, so you get most everything in the home included in the purchase price.
Chandler Spawr
obxhomes@gmail.com
(252)202-9880
For Marketing Examples visit our VIDEO PAGE to see how we can help you sell your property.