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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.
Corolla is home to this Luxurious Oceanfront, 12 Master Bedroom Sanctuary that provides everything for those who simply want it all! This home is 11,800 square foot three...
- 12 Beds
- 15 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
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.
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.
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 Foyer! Located on a high elevation 100’ wide oceanfront homesite “Felicity” showc...
- 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.
Stunning luxury custom home located on the Duck soundfront! Situated atop a hill with double bulkheads, the estate is an achievement of style and comprehensive design wi...
- 7 Beds
- 9 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Close now and collect the 2021 rental income without the carrying cost! Luxurious and recently renovated Pine Island oceanfront home with panoramic Ocean to Sound views o...
- 9 Beds
- 12 Baths
Listing courtesy of Four Seasons Realty.
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.
Newly constructed in 2016, this rental machine brings in OVER $290,000 in annual rental income! Located in an X Flood zone, so NO FLOOD insurance required. Gorgeous, like...
- 9 Beds
- 11 Baths
Listing courtesy of Four Seasons Realty.
Every now and then a Superb home comes around that makes you fall in Love instantly....here it is!!! Welcome to "Sunshine'' located at 64 Ocean Boulevard in the trend set...
- 5 Beds
- 7 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
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.
2021 RENTS WOULD BE OVER $326,000 IF YOU ADD THE JULY 4TH OWNERS WEEK BACK IN AND IF THERE HAD BEEN NO CLOSURE OF THE BRIDGE IN APRIL OF 2020 THE INCOME WOULD HAVE BEEN $...
- 13 Beds
- 15 Baths
Listing courtesy of Carolina Designs 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.
“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.
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.
The ultimate Nags Head beach experience awaits you in this beautiful 12-bedroom oceanfront home. “The Stars” is conveniently located near shopping, restaurants, art galle...
- 12 Beds
- 13 Baths
Listing courtesy of Outer Banks Blue Realty Srvcs..
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.
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.
This classy and classic oceanfront Beach Diva stands in a class of her own! Exemplifying the old Nags Head style design and architecture, she fulfills every desire for th...
- 8 Beds
- 9 Baths
Listing courtesy of Keller Williams - Outer Banks.
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.
This spectacular seven bedroom oceanfront home is located in the Carolina Dunes community just a few minutes from the center of Duck Village. You can enjoy beautiful sunr...
- 7 Beds
- 10 Baths
Listing courtesy of Twiddy & Co. - Duck.
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..
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 deep lot with reverse floor plan presents panoramic views of pristine beach and Atlantic Ocean from spacious livi...
- 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.
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.
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.
This is the one you have been waiting for located in the heart of Duck and the coveted exclusive community of Duck Landing! A rare opportunity to own an 8 bedroom semi-oc...
- 8 Beds
- 10 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
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.
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.
Just Beautiful Blue ... Ocean Views! This exceptional Corner Semi-Oceanfront Beach Home that fronts on Atlantic Avenue toward the Atlantic Ocean is designed with 200’ of...
- 9 Beds
- 9 Baths
Listing courtesy of Sun Realty - Corolla.
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.
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.
This meticulously maintained, modern, coastal beach home in Duck will charm you with its bright, open and inviting feel! Semi-oceanfront, cul-de-sac living with easy beac...
- 6 Beds
- 8 Baths
Listing courtesy of Twiddy & Co. - Duck.
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.
Absolutely Beautiful Custom Home in Southern Shores built by Glenn Wickre * High Elevation Lot "X" Flood Zone * Located on a 28,000sf Deep Water Canal Homesite in a Prot...
- 4 Beds
- 6 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.
You will love this 8 bedroom 5 bathroom (plus 2 1/2 baths) oceanfront home. The top floor offers stunning ocean views and open living room, dining room and kitchen which...
- 8 Beds
- 7 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.
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.
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 - Elizabeth City.
Come see one of the finest waterfront homes with a private pier on the Outer Banks. This 6 bedroom, 6 1/2 bath home on Kitty Hawk Bay is absolutely stunning. It is the ho...
- 6 Beds
- 7 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.
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.
STRONG rental investment with over $140K in rental income for 2021 in the prestigious neighborhood of Pine island, just a short walk to the beach! X Flood Zone-- no floo...
- 9 Beds
- 10 Baths
Listing courtesy of Four Seasons Realty.
What a find in the heart of Duck! This well maintained and updated home is a very short walk down a quiet street to the beach. Bedrooms on every level of this home make...
- 6 Beds
- 7 Baths
Listing courtesy of Beach Realty & Constr - Duck.
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.
In great condition and ready for new owners, this oceanfront property has a ton features. High elevation, house is not in a flood zone so no flood insurance. Functional ...
- 6 Beds
- 7 Baths
Listing courtesy of Outer Banks Realty Group.
PRIME LOCATION! Live the OBX dream of owning a successful and highly profitable retail business, The French Door! Operated by the same owner for over 15 years and offerin...
Listing courtesy of Re/Max Coastal Associates.
Fantastic opportunity to own two homes in one on the beautiful beach in popular South Nags Head! Adorable oceanfront Nags Head style cottage which has been totally upgrad...
- 6 Beds
- 7 Baths
Listing courtesy of Twiddy & Co. - Duck.
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.
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.
Remarkably kept and minutes to the beach this Pine Island home is tucked and private. A large and spacious yard along with plenty of parking for your guest. Ready for th...
- 8 Beds
- 8 Baths
Listing courtesy of Village Realty Holdings, Llc - Corolla.
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.
Gorgeous, high elevation water front traditional home in Martin’s Point. Beautiful mature landscaping ready for the season so you can relax and immediately enjoy the bea...
- 4 Beds
- 4 Baths
Listing courtesy of Sun Realty - Duck.
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 - Elizabeth City.
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.
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.
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.
Enjoy feeling the onshore winds rolling off the Great Atlantic as you find solace at your new ocean view home. Sit outside on the large covered deck and gaze at the big b...
- 7 Beds
- 8 Baths
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
Lovely Four Seasons house offers a very private back yard setting with the pool and hot tub surrounded by beautiful trees! Large side yard with an area for volleyball or ...
- 7 Beds
- 8 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.
Meticulously Maintained Semi-oceanfront home with amazing Ocean views! This 8 bedroom property features a private pool, hot tub, theatre room, a first rec room with a poo...
- 8 Beds
- 9 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.
"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.
Beautiful Well cared for Home. A must see.
- 8 Beds
- 9 Baths
Listing courtesy of Corolla Beach Realty.
Fully Leased Office building in the heart of Kill Devil Hills. Architecturally designed, beautiful office building offers first class office space, excellent access with...
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.
This soundfront beauty in Corolla Light is a rare find.. Never a rental, this house has been a private second home with only occasional use. The interior looks almost new...
- 6 Beds
- 5 Baths
Listing courtesy of Celebration Realty.
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.
Awesome semi-oceanfront in Sound-Sea Village! You'll love the expansive views from this property simply because you're so very close to the ocean! This home lives large ...
- 4 Beds
- 5 Baths
Listing courtesy of Keller Williams - Outer Banks.
To be built! One of three new custom homes to be built on a private court in the upscale community of The Villages of Ocean Hill. Designed by local renowned architects Ca...
- 6 Beds
- 5 Baths
Listing courtesy of Keller Williams - Outer Banks.
This was used primarily as a second home since 1987. Two of the masters have sitting rooms with sleeper sofas so it feels like more than a five bedroom. Large lot with ro...
- 5 Beds
- 5 Baths
Listing courtesy of Outer Banks Realty Group.
MUST SEE - PICTURES DO NOT DO IT JUSTICE! Amazing inside and out! With a quick walk to the beach & incredibly maintained, this property is THE ONE! The outdoor space is ...
- 5 Beds
- 5 Baths
Listing courtesy of Coldwell Banker Seaside Realty Kh.
WOW! What an Amazing Home on 2 Deep Water Canal Front Lots, in a Boaters Paradise! Fishing, Crabbing, Kayaking, Swimming and Boating are right in your own Back Yard! To ...
- 4 Beds
- 4 Baths
Listing courtesy of Keller Williams - Outer Banks.
Here is the home you've been waiting for! Check out this beautifully constructed home by Renaissance Construction built on a Highly elevated lot with SWEEPING OCEAN VIEW...
- 5 Beds
- 5 Baths
Listing courtesy of Brindley Beach Vacations-Duck.
Sunset views galore at this comfortable and updated 4 bedroom cottage with it's own private dock and gazebo right on the Sound in Duck. Perfect for enjoying some relaxing...
- 4 Beds
- 2 Baths
Listing courtesy of Four Seasons Realty.
Avail to show this week! Wonderful home in fabulous Corolla Light is architecturally designed in the style reminiscent of the classic Nags Head cottage with its shingle s...
- 6 Beds
- 6 Baths
Listing courtesy of Keller Williams - Outer Banks.
The Perfect Oceanside Location within 400 Feet from the Beach, straight down Maynard Street. Awesome Ocean Views that will never be Obstructed, because the views are stra...
- 4 Beds
- 5 Baths
Listing courtesy of Greenstreet Prop. At The Beach.
Sanderling's perfect property. Imagine driving through a canopy of live oaks covering the road from both sides providing you shade and serenity. Imagine getting to a fo...
- 4 Beds
- 2 Baths
Listing courtesy of Twiddy & Co. - Duck.
Located right in the HEART OF DUCK this beautiful 7 bedroom 5.5 bath home is the perfect size & location to accommodate a family home or investment property! With sound v...
- 7 Beds
- 7 Baths
Listing courtesy of Twiddy & Company - Corolla.
This "one of a kind" 6 bedroom (3 are masters) showpiece home is thoughtfully designed and quality constructed. Remarkably built through and through by renowned OBX build...
- 6 Beds
- 5 Baths
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Come enjoy the peace and quiet in this meticulously maintained canal front gem! Featuring 5 bedrooms and 6.5 bathrooms this home checks off all of the criteria to be the ...
- 5 Beds
- 7 Baths
Listing courtesy of Twiddy And Company - Wash Woods.
Located on a quiet cul-de-sac in the heart of Duck, this bright, coastal & impeccably well-maintained oceanside retreat is the perfect size & location to suit as a secon...
- 6 Beds
- 7 Baths
Listing courtesy of Twiddy & Company - Corolla.
Amazing opportunity to expand your business to highly visible corner lot in central location on Hwy 158 near the Outer Banks Hospital and Medical/Retail corridor. Perfect...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Fall in love with this lovely 5-bedroom, 4.5 bath home located in an X-flood zone in the amenity rich Corolla Light Resort community. From the moment you enter you will ...
- 5 Beds
- 5 Baths
Listing courtesy of Keller Williams - Outer Banks.
TOTAL INTERIOR TRANSFORMATION! Enjoy the privacy of this stunning creekfront property situated on an acre lot of beautifully manicured grounds with gardens and water view...
- 4 Beds
- 3 Baths
Listing courtesy of Twiddy & Company - Corolla.
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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.