Coastal Property Partners is a boutique Real Estate firm on the Outer Banks of North Carolina.
The firm is led by head broker, Chandler Spawr, a 23 year veteran of OBX Investment Property sales.
With over 100 Million is sales, Coastal Property Partners has the expertise to lead you through the buying and selling of Outer Banks beach homes and income driven investments.
We look forward to helping you achieve your goals.
Inventory is on the rise, making it a bit easier to find the right property to meet your needs.
Property sales have come down off their 2021 highs, however, we are still seeing some homes receive multiple offers within the first 24 hours of hitting the market. Buyers need to be up to date with the latest information in order to have a chance at getting the right home. The best way to do this is by using our instant notification.
Using the Advanced Search function, create a search with the most important criteria (Town, # Bedrooms, Square Footage, Amenities, etc). Then save that search. You will then be notified as soon as something matching your search hits the market. This gives you a leg up on competing buyers. If you have any difficulty setting up your search, feel free to call and we can walk you through the process.
If you are new to the world of Outer Banks Investment Property, we have written a short overview that you may find useful. You can see that HERE
Stats through October 2022
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The Risen Son Oceanfront custom built home in the sought after Whalehead Club. Looking for a place to invest in this is it! This builder had a design in mind to maximize ...
Listing courtesy of A Better Way Realty, Inc.
Location, location, location! Oceanfront estate situated on a quiet cul-de-sac and spacious parcel in the sought after Pine Island Community of Corolla. Offering three se...
Listing courtesy of Twiddy And Company - Corolla.
Absolutely amazing 12 bedroom Oceanfront estate available for purchase. Turnkey investment at the perfect time of year to capitalize on the rental season. Currently rent...
Listing courtesy of Outer Banks Realty Group.
Extremely rare opportunity! This magnificent home is 1 of only 10 oceanfronts located in the prestigious highly amenitized community of Four Seasons. This lot is private,...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Virtual tour interior: https://www.vizsourcevr.com/virtual360/194053702710/ Virtual tour exterior: https://www.vizsourcevr.com/virtual360/191166980166/ The Oaks on Hun...
Listing courtesy of Island Crest Obx Realty.
Oceanfront Estate! Views! Privacy! A One of a kind 2.77 acre, 3 building estate that is situated on the Oceanfront near Penny's Hill in the 4 wheel drive beach of Coro...
Listing courtesy of Landmark Sotheby's International 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.
Welcome to 64 Ocean Boulevard where you’ll be met with the best in luxury class beach living. This contemporary, three-level oceanfront home in Southern Shores is simply...
Listing courtesy of Keller Williams - Outer Banks.
Sweeping views of the Atlantic await you from this ideal investment or 2nd home opportunity! You will delight in the bright, open great room that offers panoramic views ...
Listing courtesy of Brindley Beach Vacations-Duck.
Perched on a nice and high Oceanfront Dune for dynamite Ocean Views, this outstanding Nine Bedroom Oceanfront Beach Home, is loaded for fun gatherings ! Enjoy Ocean & Sur...
Listing courtesy of Sun Realty - Corolla.
Sprawled across a huge, elevated lot in the coveted Southern Shores community, this Deltec-constructed home is quite simply, jaw-dropping. The Outer Banks has nothing com...
Listing courtesy of Keller Williams - Outer Banks.
Remarkable home located on a spacious, well protected, semi-oceanfront parcel in the private oceanside Spindrift Community of Corolla with half acre lots, gated entry, di...
Listing courtesy of Twiddy And Company - Corolla.
508 Conch Crescent is a magnificent, recently built, nine-bedroom residence located in the awesome low-density section of Ocean Sands Section B. This estate size lot is c...
Listing courtesy of Outer Banks Blue Realty Srvcs..
NEW PHOTOS COMING SOON! MAJOR UPDATES IN 2023 INCLUDING NEW ROOF, DECKS, WINDOWS, LIGHTING, FLOORING, INTERIOR PAINT, FRONT DOOR, FURNITURE, POOL FENCING, RELOCATED HOT T...
Listing courtesy of Four Seasons Realty.
BUCK ISLAND- A gated, manicured, oceanside resort community in Corolla. This Stunning 9 bedroom tier 2 OCEANFRONT home offers breathtaking views, impressive and artful de...
Listing courtesy of Outer Banks Blue Realty Srvcs..
This is the oceanfront home you have been waiting for as either a primary, second, or rental money printing machine! Both Location, Location, Location as well as ROI, ROI...
Listing courtesy of Sun Realty - Duck.
Stay Anchored is an immaculate oceanfront home! Enjoy panoramic ocean views from every level of this luxurious property, perfectly situated just one lot north of the Cape...
Listing courtesy of Real Broker, Llc.
Turnkey restaurant in the heart of Kitty Hawk, located near the intersection of Kitty Hawk Rd. and North Croatan Hwy. This is a prime location and great business opportun...
Listing courtesy of Hall & Nixon Real Estate Inc.
This beautiful custom oceanfront home is designed to maximize ocean, beach & lighthouse views. Located in Ocean Hill with the largest lots & setbacks in Corolla. Ocean Hi...
Listing courtesy of Sun Realty - Corolla.
This stunning vacation rental home, located in a gated community, underwent a complete remodel in March 2023 and now features all new furniture and bedding, new mattress...
Listing courtesy of Outer Banks Realty Group.
This home sits on one of the highest lots in Ocean Hill giving Spectacular Ocean Views from the living room, kitchen, dining room and screened porch all on the east side ...
Listing courtesy of Keller Williams - Outer Banks.
Fall in love with "Sweet Melissa" and all the fantastic recent upgrades. Take in unobstructed ocean views from this 10 bedroom oceanfront home in South Nags Head that is ...
Listing courtesy of Landmark Sotheby's International Realty.
A true custom masterpiece in the heart of Duck! No pictures can truly do this home justice and it needs to be seen in person to be appreciated. The Saltaire House was ...
Listing courtesy of Landmark Sotheby's International Realty.
"Dune House" is a truly unique, newly remodeled 4,016 sq ft beachfront property from renowned home designer Lauren Liess. Perched just behind the dunes on one of the leas...
Listing courtesy of Landmark Sotheby's International Realty.
Must see Nags Head Ocean Front with Solid Rental History and high ROI. Boasting tons of upgrades and updates. Roof (2019), newer A/C unit, newer water heaters, recently i...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
This Beach House has what everyone is looking for. A large spacious home with plenty of room to sleep friends, family or renters. You will not find many 10 bedroom oceanf...
Listing courtesy of Village Realty Holdings, Llc - Nh.
Oceanfront? Yes. Private Pool? Yes. Upgraded? Yes. In Corolla? Yes. Luxurious? Yes, yes, yes! All of it! Experience the ultimate beachfront lifestyle in this extraordinar...
Listing courtesy of Keller Williams - Outer Banks.
"PRETTY MAMA" OCEANFRONT W/ FABULOUS OCEAN VIEWS! *** ELEVATOR & HEATED POOL ... and HUGE GAME ROOM W/ MINI KITCHEN! *** EXCELLENT RENTAL INVESTMENT INCOME PRODUCER ... S...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
If you are looking for a well maintained Nags Head Ocean Front, look no further! Trying to find a high returning, low maintenance investment property, here ya go! The sel...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
“So Good” is SO accurate!! This 6 bedroom/5.5 bathroom features 4 Kings (3 are Masters), 2 Twins and 2 Pyramid Bunks (super cute, fun & functional!). Ground floor offer...
Listing courtesy of Beach Realty & Construction - Kh North.
Stunning oceanfront in Villages of Ocean Hill! This well elevated 7 bedroom/7.5 bath home has the most amazing ocean and beach views from ALL 3 levels! On the ground l...
Listing courtesy of Twiddy And Company - Wash Woods.
This sparkling Pine Island semi-oceanfront jewel beckons visitors seeking solace from their busy every-day lives - a true Island Oasis surrounded by unending blue skies, ...
Listing courtesy of Keller Williams - Outer Banks.
If you're looking for an oceanfront investment home, now is a good time to lasso this property and start preparing for the 2023 rental season. The projected advertised re...
Listing courtesy of Joe Lamb Realty.
This amazing bright and brilliant home is now ready for you and your family to take over! The lower level boasts a newly renovated game room and bunk room area for the k...
Listing courtesy of Twiddy And Co. - Duck.
ONE OF A KIND!!! This immaculate oceanfront home is truly an Outer Banks GEM! From the awesome location to the ocean views to the luxury interior, you will find no bett...
Listing courtesy of Re/Max Coastal Associates.
Welcome to your dreamy, not only updated, but upgraded oceanfront home in the heart of Nags Head! This stunning 8-bedroom, 5.5-bathroom coastal gem has everything you and...
Listing courtesy of Keller Williams - Outer Banks.
This indeed is a very rare opportunity for you to own in the unpainted aristocracy of Cottage Row in Nags Head. Listed on the National Register of Historic Places in the ...
Listing courtesy of Keller Williams - Outer Banks.
Perched on one of the highest Oceanfront Dunes, gives you the best Ocean Views of the Splashing Surf ! Excellent setup with 6 Bedrooms 6 Baths, upscale Kitchen, spacious ...
Listing courtesy of Sun Realty - Corolla.
Amazing, must see, like new (built in 2021) oceanside seven-bedroom home in popular Ocean Lakes of Ocean Sands...$151,375. full season rental projection from Blue!.. Ocea...
Listing courtesy of Outer Banks Blue Realty Srvcs..
**$176K for 2023** More than $200K for 2022** This updated oceanfront in Nags Head has something for everyone. Centrally located to the best things that the Outer Banks h...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Enjoy the best of the Outer Banks in one of the most private and beautiful settings on the East Coast! Enjoy spectacular views and stunning big-water sunsets each evenin...
Listing courtesy of Carolina Designs Realty.
Dad says to sell so here we are! Family home now ready for new memories to be made. Take advantage of the rental income for 2023 and enjoy this home for many years to c...
Listing courtesy of Outer Banks Realty Group.
WOW! EXQUISITE SANDERLING SOUNDFRONT ESTATE! PANORAMIC, BREATHTAKING SOUND AND SUNSET VIEWS, BEAUTIFULLY LANDSCAPED DOUBLE LOT, METICULOUSLY MAINTAINED/NOT A RENTAL, EL...
Listing courtesy of Landmark Sotheby's International Realty.
With an incredible $225K remodel done this offseason, get ready to be wowed by this oceanfront stunner. Showing as one of the best in one of the most desirable locations...
Listing courtesy of Landmark Sotheby's International Realty.
Great possibility for development in Corolla! This undeveloped parcel of land, which makes up phase 2 of the Villages at Ocean Hill can accommodate 15 lots for single fa...
Listing courtesy of Four Seasons Realty.
Few Outer Banks communities have retained their exclusivity over the years like Corolla's Pine Island - privacy, pristine beaches, top-notch amenities, gorgeous homes wi...
Listing courtesy of Keller Williams - Outer Banks.
Custom built, well maintained, and beautifully appointed oceanfront retreat boasting unparalleled views of the Atlantic. This classic Nags Head style cottage features tas...
Listing courtesy of Twiddy And Company - Corolla.
2024 RENTAL PROJECTION FRON TWIDDY $155,015! THIS ONE IS A WINNER! LOCATED ADJACENT TO THE OPEN SPACE TO THE NORTH GREAT FOR PRIVACY AND VIEWS! Oceanfront Cottage with a...
Listing courtesy of Carolina Designs Realty.
Corolla Oceanfront! Panoramic ocean views from the top level! Large protective dune and a wide sandy beach! This beautiful 6 bedroom and 4 bath home, is conveniently s...
Listing courtesy of Landmark Sotheby's International Realty.
Panoramic Sound & Ocean Views await you in this prestigious Semi-Sound front home built by Renaissance! Enjoy Outer Banks Sunrises & Sunsets from this unique location & l...
Listing courtesy of Coastal Shores Realty Group.
Welcome to Sand & Pearl. Built in 2016 by renowned OBX custom builder Dave Stormont, this beautiful 5-bedroom retreat is located in the heart of Corolla Light, a wonderfu...
Listing courtesy of Four Seasons Realty.
The LOWEST PRICED 5 BEDROOM SINGLE FAMILY OCEAN FRONT HOME from Duck through Southern Shores! Original Owners and very well maintained Ocean Front Home in Duck! Ocean V...
Listing courtesy of Keller Williams - Outer Banks.
This beautiful, Pine Island home with Ocean View features 6BR, 5BA, 2 half baths. Just a Short Walk to Beach, Community Pool, Tennis, Basketball and Playground. Top flo...
Listing courtesy of Keller Williams - Outer Banks.
Welcome home to The Duck Social perfectly situated in the heart of Duck in the gated community of Four Seasons. Enjoy a quick walk to the beach or to downtown Duck to enj...
Listing courtesy of Rog Obx, Inc.
Rare opportunity to purchase an oversized 39,675 square foot (nearly 1 acre) semi- oceanfront parcel in highly sought after Corolla Village! Build your dream home on this...
Listing courtesy of Twiddy And Company - Corolla.
Simply sensational & Turn Key TODAY! This quality build by Olin Finch has been lovingly cared for by the same homeowners for nearly 20 years with pride that shines throug...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
This 5 bedroom 3 bath "fisherman's" cottage sits on one of the most protective dunes in Ocean Hill or Villages at Ocean Hill. Stabilized with sturdy Russian Olives provid...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Large 6 bedroom, 5.5 bath custom-built home located on the sound front and the 8th hole in the gated, golf community of The Currituck Club. This well built and maintaine...
Listing courtesy of Beach Realty & Construction - Kh North.
BEEN IN THE FAMILY SINCE IT WAS BUILT. NEVER RENTED. NEVER FLOODED EVER! Currently experiencing beach nourishment! They have taken meticulous care of this home over a...
Listing courtesy of Beach Realty & Construction- Corolla.
Revel in spectacular golf course and sound views from this spacious 6 bedroom 5.5 bath vacation home with game room, screened porch, and private pool located in the prest...
Listing courtesy of Keller Williams - Outer Banks.
NEW CONSTRUCTION in the OBX!! Personally built by owner of the company, J&T Construction, nestled in the gated Currituck Club among Tall Pines and Live Oaks with Spa...
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
Back on the Market!! NEW QUALITY CONSTRUCTION in the OBX!! Personally built by owner of the company, JT Construction, nestled in the gated Currituck Club among Tall ...
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
“Joy at A Glance” will welcome you with great curb appeal and landscaped yard. You will immediately notice that it is located on one of the highest elevation points and o...
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
Rare opportunity: A 50' premium oceanfront lot in the heart of old Nags Head. Deep lot is protected by large dunes covered with vegetation and a beautiful wide sandy beac...
Listing courtesy of Judy Burnette Realty, Llc.
Rush-Slowly is a delightful retreat with awe-inspiring, unobstructed ocean views. This 4 bedrooms, 5 1/2 baths oceanfront beach-house features multitudes of indoor and ou...
Listing courtesy of Sun Realty - Kdh.
Dream home opportunity in Chicahauk with an easy walk to the lifeguarded Beach! You can own this amazing house in one of the best communities on the East Coast. Chicahauk...
Listing courtesy of Southern Shores Realty.
This Whalehead semi-oceanfront vacation home boasts a location just steps from the beach access, ocean views, 4 bedrooms and 3 full baths, multiple decks, and a private p...
Listing courtesy of Keller Williams - Outer Banks.
**Beautiful Kill Devil Hills Oceanfront** High ROI ** Low Expenses** New Decking **$78,200 for 2021 GRI** Roof 2019*** If you are in the market for strictly an investmen...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
BEAUTIFUL Corolla Beach Home featuring 7 bedrooms, 8.5 bathrooms with three floors of open living space, spacious covered decks, game room, wet bar, private pool, hot tub...
Listing courtesy of Lpt Realty, Llc.
This handsome home was completed in November 2020 - elevator, granite, wood floors, private pool! And it is an easy walk to the beach in Whalehead with the Perch walkway ...
Listing courtesy of Keller Williams - Outer Banks.
"Jennette's Cottages" Was fully approved in 2018 as a Cottage Court consisting of 6 houses, 24 bedrooms with pool at Whalebone Junction, located directly across the stree...
Listing courtesy of Village Realty Holdings, Llc - Nh.
Brand New Construction , with beautiful views of the Atlantic. This stunning, modern take, on the classic Nags Head beach house, features ocean views from numerous level...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
BEAUTIFUL SOUNDFRONT IN SANDERLING WITH AN ELEVATOR! NEW DECK, NEW ROOF! ENDLESS SUNSETS!! This is the perfect opportunity to own waterfront property in the coveted to...
Listing courtesy of Landmark Sotheby's International Realty.
Endless possibilities for the new homeowner in this lovely, private canal-front sprawling estate-like home with a circular driveway and a three-car garage. The property i...
Listing courtesy of Century 21 Nachman Realty.
This newly renovated and ready to rent home has five primary bedrooms with en-suite bathrooms plus two half baths. The reverse living, open floorplan offers maximum views...
Listing courtesy of Keller Williams - Outer Banks.
Spectacular new in 2018 six bedroom home in Ocean Sands Section O. Beach access is less than two minute walk. This house is a top producing rental and enjoyed by guests....
Listing courtesy of Obhoa, Llc.
Beautiful custom Cape Cod style home with bulk-headed 82’ water frontage on the Albemarle Sound with southwest exposure. Has never flooded sitting 15.5 feet above sea lev...
Listing courtesy of Outer Banks Blue Realty Srvcs..
Luxurious condo living with stunning ocean views offered at the amenity packed Croatan Surf Club. Spacious and well-appointed, this two-level townhouse style unit will im...
Listing courtesy of Keller Williams - Outer Banks.
Unit 2K will immediately draw you with its outstanding views of the ocean and pool and spa from the large private terrace. This sought after corner end unit offers additi...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Creekfront living in the prestigious Martins Point community with NEW ROOF, NEW PLUMBING, ALL NEW FLOORING, and FRESH INTERIOR PAINT! This 3-bedroom (all with full baths...
Listing courtesy of Keller Williams - Outer Banks.
A rare opportunity to own a beach home in the elegant Old Nags Head Place development! Next to the gorgeous Nags Head beaches for which we are famous. This home has the l...
Listing courtesy of Outer Banks Realty Group.
Living well with the Outer Banks lifestyle requires a primo spot to enjoy it! The Croatan Surf Club Condos are the best way to do just that. This direct Oceanfront locati...
Listing courtesy of Outer Banks Blue Realty Srvcs..
.982 acre of land zoned C2, between the highways in Nags Head. Excellent location with 150 feet of road frontage on the bypass between MP 13 and 13.5. Located in Flood Z...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Spectacular Ocean views to enjoy the beautiful morning sun over the waters of the Atlantic Ocean at the Prestigious Oceanfront Resort, Croatan Surf Club. This First Class...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
This stunning Too be Built two-story home is on a desirable golf course lot with 925 ft of decking for spectacular views. Inground pool is included in construction. From ...
Listing courtesy of A Better Way Realty, Inc.
This new construction home in Swan Beach is slated to be completed in August 2023. The six bedroom, six bathroom home is situated on an elevated corner lot with direct b...
Listing courtesy of Twiddy And Company - Corolla.
This oceanfront property is a three-bedroom, two-bathroom home offering a tranquil and idyllic setting and stunning ocean views. The property was completely remodeled in ...
Listing courtesy of Keller Williams - Outer Banks.
Amazing and rare 11.5 acre ocean to sound tract in the 4x4 area! Enjoy all the privacy of the northern beaches in this awesome location. With over 200 feet on the ocean a...
Listing courtesy of Landmark Sotheby's International Realty.
Updated and lovingly maintained soundfront home in the gated community of Colington Harbour. Well appointed and designed to take in the water views, you can't find a bett...
Listing courtesy of Four Seasons Realty.
Classic Nags Head oceanfront vacation property available! Enjoy gorgeous ocean views at this updated 3 bedroom/ 2 bath cottage located on a cul-de-sac street close to Je...
Listing courtesy of Keller Williams - Outer Banks.
Serenity at its finest! Welcome to your private wooded oasis with trees as far as the eye can see. This open and spacious, custom home provides an abundance of windows, ...
Listing courtesy of Saga Realty And Construction.
SELLER FINANCING AVAILABLE. Savor sound views and stunning sunsets from this 4 bedroom, 3.5 bath home located in the coveted Village of Duck. This property sits on a larg...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Excellently maintained home in Nags Head located just a short stroll to the beach. The house has been in the same family since it was built. The owner limits the rents so...
Listing courtesy of Carolina Designs Realty.
Welcome to your dream coastal retreat! This stunning home offers 4 bedrooms, 2.5 baths, and a separate guest house, perfect for hosting friends and family. Situated on a ...
Listing courtesy of Re/Max Coastal Associates.
Beautiful and Relaxing. Well Appointed w Showplace Style & Decor. Beach Vacationers Love this Setting with Private Swimming Pool, Hot Tub, Rec Room w Billiards, plus Six ...
Listing courtesy of Sun Realty - Corolla.
Gorgeous New Construction home in the 4-wheel section. Privacy and with 6 bedroom and 5.1/2 baths there is plenty of room for the whole family. rental income is a great o...
Listing courtesy of Howard Hanna William E. Wood - Currituck.
Stunning Coastal Cottage located in the Currituck Club. A gated resort community in Corolla. One of the nicest golf courses on the east coast. Enjoy all the amenities inc...
Listing courtesy of Saga Realty And Construction.
The Raleigh floor plan is thoughtfully designed to provide the ultimate coastal living experience for you and your guests. A 3-bedroom, 3 1/2-bathroom luxury townhome ...
Listing courtesy of Keller Williams - Outer Banks.
The lowest priced oceanfront house in the county! Looking for the ultimate beach getaway that won't break the bank? Look no further! This charming and cozy oceanfront cot...
Listing courtesy of Exp Realty, Llc - Coastal.
Welcome to your coastal dream home in Martin's Point on the Outer Banks! This exceptionally well built three-bedroom residence offers everything you could want in a home ...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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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.
For Marketing Examples visit our VIDEO PAGE to see how we can help you sell your property.
