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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 !
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"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.
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.
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.
Remarkable Income OCEANFRONT Property. This Weekly Rental is the perfect location to to rent out for corporate retreats, family reunions, weddings, or special events. ...
- 18 Beds
- 20 Baths
Listing courtesy of Keller Williams - Outer Banks.
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.
Approximately five acres of commercial property adjacent and west of the new 7 Eleven at the corner of US 158 and Woods Road with access from US 158 already in place with...
Listing courtesy of Village Realty Holdings, Llc - Nh.
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.
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..
Beautifully renovated by Olin Finch over the past 2 years! This home underwent a complete transformation with the addition of 700+square feet, new pool, new light fixtur...
- 10 Beds
- 11 Baths
Listing courtesy of Brindley Beach Vacations-Duck.
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.
Relax in comfortable luxury in this oceanfront gem! Well constructed and perfectly maintained, this spacious oceanfront home is the one you have been waiting for. Well ap...
- 8 Beds
- 10 Baths
Listing courtesy of Keller Williams - Outer Banks.
This home is a true and rare beauty, located in the quaint coastal community of Pine Island in Corolla. It features unparalleled, full views of the Atlantic Ocean as well...
- 7 Beds
- 9 Baths
Listing courtesy of Outer Banks Realty Group.
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.
Enjoy the casual coastal elegance of this 9 bedroom oceanfront estate gracing 100 feet of Corolla’s finest and uncrowded oceanfront beach at The Whalehead Club. Stellar ...
- 9 Beds
- 10 Baths
Listing courtesy of Keller Williams - Outer Banks.
“TURN-KEY” RENTAL READY ELEGANT ESTATE TO BE BUILT NEW CONSTRUCTION 12 B/R, 12.2 BATH HOME TO BE BUILT AT 948 LIGHTHOUSE DR. ON A CORNER LOT OFFERING THE HIGHEST SEMI-OCE...
- 12 Beds
- 14 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.
AN OUTER BANKS GEM WITH SEVEN BEDROOMS/SEVEN FULL BATHROOMS/TWO HALF BATHS….SITTING ON A 100’ WIDE HOMESITE! BREATH TAKING OCEAN PANORAMA VIEWS FROM JUST ABOUT EVERY ROOM...
- 7 Beds
- 9 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
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.
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.
Breathtaking ocean and sound views can be yours with this 6 bedroom, 5.5 bath home located in prestigious Pine Island. This exquisite home features a large open floor pl...
- 6 Beds
- 6 Baths
Listing courtesy of Keller Williams - Outer Banks.
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..
This custom built Outer Banks oceanfront home was designed to grant every vacationers wish list. “Satisfaction” far and away exceeds expectations. The top floor great ro...
- 8 Beds
- 12 Baths
Listing courtesy of Buy The Beach Realty, Llc.
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.
Sparing no expense, this spectacularly renovated, professionally decorated, turnkey 8-bedroom oceanfront in South Nags Head has over $276k in advertised rents already on ...
- 8 Beds
- 7 Baths
Listing courtesy of Sun Realty - Kdh.
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.
Experience the sunrise and sunset over the water in this 8 ensuite bedroom oceanfront home just steps away from Jenette's Pier. Designed by renowned architect Ralph Lassi...
- 8 Beds
- 11 Baths
Listing courtesy of Carolina Designs Realty.
Amazing ocean views from this coastal retreat in Corolla Light Resort! Currently $192,000 in rents. Spacious oceanfront decks provide plenty of opportunities to soak up t...
- 7 Beds
- 8 Baths
Listing courtesy of Century 21 Nachman Realty.
Rare opportunity for ownership in the Historic Corolla Village on a spacious semi-oceanfront parcel just steps to the beach, Currituck Beach Lighthouse, Whalehead Club & ...
- 7 Beds
- 9 Baths
Listing courtesy of Twiddy & Company - Corolla.
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.
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.
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.
Enjoy panoramic ocean views in this beautiful light-filled ocean vacation home located in Corolla Light on a high lot offering fantastic views. Enjoy the newly updated Ki...
- 6 Beds
- 7 Baths
Listing courtesy of Century 21 Nachman Realty.
Large oceanfront home with beautiful ocean views! With over $220k in 2021 so far (does NOT include owner in-season time), you will not want to miss this amazing investmen...
- 12 Beds
- 13 Baths
Listing courtesy of Twiddy And Company - Wash Woods.
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.
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..
*** Ocean Front *** Nags Head *** Fresh Remodel*** Must See*** Low upkeep costs***Tons of decking*** This home has underwent a major remodel in recent months and the ren...
- 6 Beds
- 4 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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.
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.
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.
Meticulously maintained oceanfront in the heart of Duck Village! Over $120K in rental income with owners taking 4 weeks for themselves. Potential to do more than $130K/ye...
- 4 Beds
- 4 Baths
Listing courtesy of Four Seasons Realty.
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.
795 Mercury Road; a rare 7 bedroom opportunity within the prestigious Corolla community of Buck Island, offering 7 bedrooms, 7 baths, with private pool & spa, recreation ...
- 7 Beds
- 8 Baths
Listing courtesy of Outer Banks Realty Group.
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.
This soundfront Corolla gem is a definite must see! With spectacular golf and sound views, this professionally decorated and landscaped home is located on the 16th green,...
- 6 Beds
- 6 Baths
Listing courtesy of Kitty Hawk Land Co.-Corolla.
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.
Semi-Oceanfront in Whalehead with Ocean Views located one lot away from the Coral Street Beach Access. Elegantly designed from top to bottom with mostly new furniture th...
- 6 Beds
- 5 Baths
Listing courtesy of Twiddy & Company - Corolla.
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.
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.
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.
This custom built home sits on a lot that is 28 feet above sea level, resulting in stunning views of the ocean, the sound, and the village of Duck. The first floor featu...
- 6 Beds
- 6 Baths
Listing courtesy of Southern Shores 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.
Set on almost an acre of land, Beachwater North is nestled between the Atlantic Ocean, National Park Service and the Pamlico Sound. This custom designed townhome offers 3...
- 4 Beds
- 4 Baths
Listing courtesy of Island Crest Obx Realty.
***COROLLA OCEAN FRONT*** Rare views! Tons of ocean facing decks! The name says it all - A Special Place. This home has been meticulously maintained & updated by the sam...
- 5 Beds
- 4 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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.
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.
You will find views galore from this South Nags Head ocean front home - Aqua Dreams! Away from the hustle and bustle during the season but close enough to enjoy all of th...
- 5 Beds
- 3 Baths
Listing courtesy of Village Realty Holdings, Llc - Nh.
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.
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.
Captivating sound views and spectacular sunsets are an actual event at this 6 bedroom home in the popular neighborhood of Monteray Shores. The open great room and kitche...
- 6 Beds
- 6 Baths
Listing courtesy of Carolina Designs Realty.
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.
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.
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.
You won’t want to miss this beautiful, updated Pine Island property, just steps to the beach with ocean views! Top level of this lovely home is light, bright, & open with...
- 7 Beds
- 6 Baths
Listing courtesy of Twiddy & Co. - Duck.
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.
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.
Don't miss out on this 3rd-row gem in Whalehead. This beautiful home was remodeled for the current owners in 2006 and has been lovingly maintained since. The design makes...
- 8 Beds
- 8 Baths
Listing courtesy of Village Realty Holdings, Llc - Corolla.
This stunning Duck home has been expertly maintained. This home has all the classics of a well built and designed beach home. From wrap around decks, 16x32 saltwater po...
- 5 Beds
- 7 Baths
Listing courtesy of Beach Realty & Constr - Duck.
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.
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.
OCEANFRONT! 4 BEDROOM RENTAL MACHINE! Immaculate Kitty Hawk oceanfront with breathtaking views! Meticulously maintained! $106,264 in RENTAL INCOME! Everything has been up...
- 3 Beds
- 2 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
This home has it all. Ocean views, sunsets on the sound, no neighbors to the west, easy stroll to the beach, pool, large open living area, game room, kitchenette, screen...
- 7 Beds
- 7 Baths
Listing courtesy of Howard Hanna Outer Banks Realty.
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.
Exceptionally maintained home right in the heart of the Village of Duck. Walking distance to shops and Restaurants. The owners make updates every year! Four master suites...
- 5 Beds
- 6 Baths
Listing courtesy of Carolina Designs Realty.
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.
With an extremely thought out custom build, this secluded 3 story coastal vacation home is a rental powerhouse! Located on the ocean side of Route 12, you are only 6 mins...
- 7 Beds
- 7 Baths
Listing courtesy of Rose & Womble - Corporate.
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.
PRICE REDUCED A TOTAL OF $151,500!!! This Beautiful upgraded Semi-Oceanfront Home in the 4x4 area is a paradise boasting stunning Panoramic Ocean Views and Dunes that are...
- 8 Beds
- 10 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Come visit one of the nicest homes on the OBX. The owners designed and coordinated the construction of this showcase and added additions to better enjoy the incredible SO...
- 4 Beds
- 4 Baths
Listing courtesy of Shore Realty.
"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.
Don't miss out on this exceptional semi-oceanfront home in highly coveted Section O. The top-level offers ocean views inside and out. Relax in the hot tub, enjoy the sun ...
- 7 Beds
- 5 Baths
Listing courtesy of Village Realty Holdings, Llc - Corolla.
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.
Great investment opportunity with a long term tenant in place since 1986. The current tenant has two options to renew. 5.32 CAP Rate.
Listing courtesy of Colony Realty Corp - Frisco.
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.
Incredible New Construction - Waterfront Home that is ready to move in Now! This large Kitty Hawk Landing Canalfront home is a stunner! Sound Views! Room for a Pool! ...
- 3 Beds
- 5 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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.
Seeing is believing..... this is one of those homes that you have to get inside to fully appreciate it - the charm - the ocean facing views from nearly every room and dec...
- 4 Beds
- 3 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
Spacious with Coastal Decor 9 Bedroom house with strong rents on Corolla Drive. The C & Sky caters to the rental market with ALL the Things- Heated Pool, multiple living...
- 9 Beds
- 10 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
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.
Come make this beautiful S Nags Head home your own beach paradise. Built on a small dune, this house has never been rented and is lived in by meticulous full time reside...
- 4 Beds
- 4 Baths
Listing courtesy of Exp Realty.
Old Nags Head Place Gem * This is the one you have been waiting for!! * One of the finest lifestyle backyard set-ups you will find...and so close to the beach! * This hom...
- 5 Beds
- 6 Baths
Listing courtesy of Coastal Outer Banks Realty.
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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.