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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High efficacy home, well built for rentals. Rental projection on file to gross between $415,000 - $475,000. “Risen Son” has over $400,000 of gross rental income in 2022 a...
Listing courtesy of Coastal Nc 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.
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.
You do not want to miss this Awe Inspiring Corolla Soundfront Estate! Recent $6M renovation with $4M in home remodeling & updating, $1M for Resort Style Pool & Cabana Oa...
Listing courtesy of Brindley Beach Vacations-Duck.
If you are looking for the perfect vacation home or investment opportunity, look no further than "Iselin". This gorgeous oceanfront 7-bedroom/6-bath home in the Whalehead...
Listing courtesy of Midgett Realty - Rodanthe.
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.
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.
Exceptional oceanfront estate situated on half an acre with over 100 feet of water frontage and unobstructed views. This home has absolutely everything you could want. ...
Listing courtesy of Brindley Beach Vacations-Duck.
This immaculate oceanfront property is one of a kind! Completely renovated in 2007 and never rented, this spacious 4,000 sq ft five bedroom home offers stunning ocean vie...
Listing courtesy of Four Seasons Realty.
Oceanfront beach estate, professionally decorated and situated in the much loved town of Duck on the Outer Banks of North Carolina. Six bedrooms, six full baths and two ...
Listing courtesy of Re/Max Coastal Associates.
Situated in the sought-after community of Ocean Hill, this grand oceanfront estate will captivate you at every turn. Stunning architectural features abound in this Victor...
Listing courtesy of Keller Williams - Outer Banks.
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.
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.
INCREDIBLE $309,847 RENTS YTD 2022 as of 11/1/22 ... This is an 11% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TI...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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.
This quintessential Ocean Front home stands above the crowd in every…single… aspect. Tastefully remodeled by award winning builder Sam Moore at Soundside construction to ...
Listing courtesy of Outer Banks Blue Realty Srvcs..
AMAZING 2022 OWNER RENTS $303,531 !!! - that is a 12% RETURN CASH FLOW! *** 65 FEET WIDE OCEANFRONT LOT! *** "9" BEDROOM OCEANFRONT IN NAGS HEAD! ... Big Daddy's has a Gr...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Unique Oceanfront Estate with Magnificent Ocean Views. This Craftsman-Style Cottage is situated on a Large 35,000 Sq Ft Lot and in an X Flood Zone! (Flood Insurance optio...
Listing courtesy of Coastal Shores Realty Group.
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.
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.
Situated high on a large 15,000 sq ft lot, this home offers panoramic ocean views throughout and an amazing selection of high-end amenities including elevator, home theat...
Listing courtesy of Four Seasons Realty.
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.
Renters love this quirky, sweet, big house. The beautiful ocean views, heated pool, large shaded screened in porch with a refrigerator for convenient cold drinks, large...
Listing courtesy of Village Realty Holdings, Llc - Nh.
Renters love this nicely maintained 5BR oceanfront house on a 100 ft wide homesite with private pool and elevator, there is elbow room between the houses. This was a one ...
Listing courtesy of Twiddy And 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.
With almost 75 feet of oceanfront, enjoy panoramic views of the Atlantic from this well-appointed 7 bedroom home in the Schooner Ridge neighborhood of Duck. The reverse f...
Listing courtesy of Four Seasons Realty.
Outstanding investment home! Coastal Elegance at it's finest with every possible amenity your renters could want. Fantastic Ocean Views, Quality Built by Olin Finch, stro...
Listing courtesy of Brindley Beach Vacations-Duck.
Oceanfront with Pool and Elevator in Ocean Lakes Community. Wide Beaches and Beautiful views. Three Master Suites, Hardie Plank Siding and Fireplaces. Good Protective Oc...
Listing courtesy of Kbe Associates.
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.
Stop light corner comprised of three parcels totaling over 50,000 sqft with 212 feet on US 158 and 275 feet on Fifth St. and 200 feet on Durham St. The property is locate...
Listing courtesy of Village Realty Holdings, Llc - Nh.
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.
Bright, beautiful semi-oceanfront home in the heart of Corolla. Conveniently located only one lot away from the Sailfish St. beach access in the Whalehead Beach communit...
Listing courtesy of Twiddy And Company - Corolla.
This beautiful oceanfront home on Corolla's lovely, expansive beaches is a must see! With eight bedrooms, a second living area, private pool and great views, this expansi...
Listing courtesy of Landmark Sotheby's International Realty.
Excellent Opportunity to Own Oceanfront with Private Pool in Village of Ocean Hills. Panoramic View of Ocean and View of Lighthouse. Large Lot Protected by Substantial D...
Listing courtesy of Kbe Associates.
STAR OF THE SEA!! STRONG RENTALS! SWEET LOCATION WITH OCEAN VIEWS...AND STEPS TO THE BEACH!! ELEVATOR! HEATED POOL! THEATER ROOM! Tastefully updated and furnished, lig...
Listing courtesy of Landmark Sotheby's International Realty.
If you are looking for a stately home (7,406 sq.ft.) nestled in a stunning setting, with never ending, always changing Views interlaced with sounds of beautiful shore bir...
Listing courtesy of Keller Williams - Outer Banks.
A must see oceanfront cottage with an unbeatable ocean view. This 5 bed, 3.5 bathroom charming cottage is located in the quiet neighborhood of Carolina Dunes just a few m...
Listing courtesy of Saga Realty And Construction.
Sellers have taken care of this house and it shows. New buyers can focus on adding personal touches to make it their own. This 6 spacious bedroom, 4+ bathroom oceanfront ...
Listing courtesy of Joe Lamb Realty.
Rare opportunity in Duck! This well-established restaurant sits right on Duck Rd and sees tremendous foot traffic. The almost half acre of land is creatively used with a...
Listing courtesy of Century 21 Nachman Realty.
Experience ocean views, sea breezes, sunsets over the sound, views of the Audubon Wildlife Preserve, and more from this beautiful Pine Island semi-oceanfront home. Situat...
Listing courtesy of Twiddy And Company - Corolla.
Come take a look at this lovely and spacious Four Seasons home! Located in the heart of Duck, you need not go far to enjoy the uncrowded Duck beaches, wonderful village s...
Listing courtesy of Landmark Sotheby's International Realty.
Bella Sound is beautiful to the senses in every way! Gaze upon the best sunset views on the Outer Banks; hear the lapping of the waves and birds chirping on your own priv...
Listing courtesy of Carolina Designs Realty.
LOWEST PRICED 5 BEDROOM OCEAN FRONT HOME in 35 MILES FROM "COROLLA TO JENNETTE'S PIER"! Original Owners and very well maintained Ocean Front Home in Duck! Ocean Views f...
Listing courtesy of Keller Williams - Outer Banks.
Not your ordinary rental machine. This oceanfront estate is overflowing with character and income! Generating $150k in rental income in 2022, and already has $125k for 20...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Majestically sited on 33,000 square feet of water frontage offering the most stunning sunsets on the outer banks. Rare opportunity to own a 7 bedroom (5 master suites), 7...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
FABULOUS RENOVATION!! Over $325k invested into an already wonderful floorplan makes this 6BR/6.5 bath oceanfront estate a must see! Situated on an oversized corner lot ...
Listing courtesy of Twiddy And Company - Wash Woods.
Enjoy Amazing Sunrises & Sunsets from this lovely Oceanfront Sanderling Home! This community is well known for Preserving as much of the Natural Beauty of the Outer Banks...
Listing courtesy of Keller Williams - Outer Banks.
Don't miss this remarkable Semi-Oceanfront property in the coveted Whalehead Club subdivision. This well appointed 5 bedroom, 5 and 2 half bath home with elevator offers...
Listing courtesy of Keller Williams - Outer Banks.
FABULOUS 2022 OWNER RENTS AT $182,042 - THAT IS AN 11% RETURN CASH FLOW! *** ELEVATOR *** ONE OF A KIND "DOG PAW PRINT SHAPED HEATED POOL" *** "HAPPY DOG DAYS" is a 5 BED...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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.
You won't want to miss this spacious six-bedroom oceanfront rental investment home in 4x4! You can relax and enjoy the large living area on the top floor which flows seam...
Listing courtesy of Landmark Sotheby's International Realty.
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.
MAJOR PRICE REDUCTION!!! With 150' of bulkheaded Currituck Sound frontage and 1.68 total acres, this updated and well appointed private estate has it all! The 4 bedroom a...
Listing courtesy of Southern Shores Realty.
RENTAL PROJECTION FOR 2024 $156,740 CONSEVITAVELY DONE BY CAROLINA DESIGNS REALTY! CHECK THE ASSOCIATED DOCS. This is an Awesome 8 bedroom 8.5 bath rental home with an E...
Listing courtesy of Carolina Designs Realty.
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.
NEW CONSTRUCTION in the OBX!! Personally built by owner of the company, JT Construction, nestled in the gated Currituck Club among Tall Pines and Live Oaks with Span...
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
Awesome 9 bedroom home located in the beautiful Carova Beach. Enjoy a one of a kind vacation home with sweeping ocean views, breezes and wild horses. This home has it a...
Listing courtesy of Keller Williams - Outer Banks.
“Joy at a Glance” is a must-see home in The Currituck Club. From the moment you walk into the living room, you will be swept away by the amazing views. This home is locat...
Listing courtesy of Brindley Beach Vacations & Sales - Kh.
$125,491 in advertised rents in 2022 for this beautiful, quality built, 6 bedroom, 5 full bath & 2 half bath home that offers the opportunity to enjoy the uncrowded beach...
Listing courtesy of Outer Banks Realty Group.
Don’t miss this amazing investment or second home opportunity! This updated modern retreat is beautifully furnished, turn-key, and has been meticulously maintained. You w...
Listing courtesy of Saga Realty And Construction.
Situated in the amenity-filled Corolla Light community of Corolla, this gorgeous and impeccably well-maintained soundfront estate boasts unforgettable views of the Currit...
Listing courtesy of Twiddy And Company - Corolla.
A rare chance to own a Corolla staple, Agave Roja. This rare opportunity offers not only the condo-unit but a 10 year business as well. Recently renovated, Agave Roja of...
Listing courtesy of Long & Foster Real Estate - Kitty Hawk / Obx.
Located in the esteemed guard-gated community of Martins Point on the Outer Banks, this build-ready parcel with appx. 200 feet of water frontage sets the stage for the ho...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Imagine the possibilities with this beautiful 26.176 acre parcel located in the heart of Kitty Hawk Village. Enjoy consistent elevations of 10 ft to 18 ft along the natur...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Rare Opportunity to Own a Corolla Oceanfront with a Private Pool. Well-Protected by Substantial Dunes. Next to Walkway to Beach. Close to Community Tennis Court. Panoram...
Listing courtesy of Kbe Associates.
**Beautiful Kill Devil Hills Oceanfront** High ROI ** Low Expenses** New Decking **$78,200 for 2021 GRI** $76 If you are in the market for strictly an investment propert...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Welcome to 3317 N Virginia Dare Trail, a newly renovated, permitted 4 bedroom 2 bath Coastal Retreat nestled in the dunes of Kill Devil Hills. From your private oceanfro...
Listing courtesy of Keller Williams - Outer Banks.
Central Duck Sweetspot, easy walk to the beach, subdivision amenities and Duck village shops and services. Well made low maintenance family pleaser offers everything a v...
Listing courtesy of Twiddy And Co. - Duck.
Beautiful & spacious soundfront home with elevator in Corolla Light! As soon as you enter, you'll sense the love the original owners have given this well built home. C...
Listing courtesy of Keller Williams - Outer Banks.
This handsome home was completed in November 2020! It is an easy walk to the beach in Whalehead with the Perch walkway about 75' from the house. The open concept living ...
Listing courtesy of Keller Williams - Outer Banks.
Stop light corner with 30,965 sqft with 112 feet on US 158 and 275 feet on Fifth St. The property is located on the corner of US 158 and Fifth St and is directly across ...
Listing courtesy of Village Realty Holdings, Llc - Nh.
Buyers will love the attention to detail in this 5 bedroom, 5.5 bath vacation home overlooking the 12th fairway of the renowned Currituck Club Golf Course. Located on a ...
Listing courtesy of Keller Williams - Outer Banks.
RECENTLY RENOVATED!!! BRAND NEW SIDING. NEW LUXURY VINYL PLANK flooring. New Windows, Freshly Painted. This lovely 5 Bedroom/5 Bath home boasts terrific views from every ...
Listing courtesy of Howard Hanna William E. Wood - Currituck.
** $93K already booked for 2023 ** Between the pristine coast line of the Currituck Sound and all the serenity of the sandy beaches lining the Atlantic Ocean you will fin...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
This beautiful, well maintained home has amazing ocean views and is only a minute away from the oceanfront. With 5 spacious bedrooms (Plus a bonus room) and 4 1/2 baths, ...
Listing courtesy of Rog Obx, Inc.
This custom home is located in Old Nags Head Place, an established neighborhood at mile post 11.9 between the highways. The homes in Old Nags Head Place beautifully refle...
Listing courtesy of Village Realty Holdings, Llc - Nh.
"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.
Located a short one and a half blocks from 2 ocean access boardwalks, this home is also steps away from the community tennis and pickleball courts, community pool and a 1...
Listing courtesy of Outer Banks Blue Realty Srvcs..
Why buy old when you can build new? A rare opportunity to build your vision and add to the already established, well appointed homes of Ocean Boulevard in Southern Shores...
Listing courtesy of Southern Shores Realty.
Outer Banks Parade of Homes AWARD WINNER! ... ARCHITECTURALLY STUNNING DESIGN & PROFESSIONALLY DECORATED! * WELL-BUILT OVER 5000 SF HOME W/ 2X6 Wall Construction *** ELE...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
Spacious and updated 8 bedroom home in Corolla that boasts over $114,000 in annual rental income. NEW HVACS IN 2022, NEW POOL HEATER IN 2022, NEW WATER HEATERS, SOME NEW ...
Listing courtesy of Four Seasons Realty.
This renter-approved single family home sits at the end of a quiet cul-de-sac in the highly desirable gated community of Buck Island, Corolla’s most charming ocean side p...
Listing courtesy of Outer Banks Realty Group.
Sunsets kiss the water and steal the show imploring a state of instant tranquility from this beautifully-maintained coastal home with flair. Located in one of the most so...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
Sit back, relax, and enjoy all of the beautiful ocean views from this condo in the luxury resort of Croatan Surf Club. It's a lifestyle. This condo has many upgraded appo...
Listing courtesy of Coldwell Banker Seaside Realty Kh.
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.
This well maintained home boasts many updates and upgrades! Among the many newer updates: LP SmartSide siding and trim with a recent paint job, maintenance free trex deck...
Listing courtesy of Atlantic Realty.
Talk about space! This 7 bedroom 5.5 bath house sits on a huge lot convenient to the Herring St beach access. There is a deep green buffer at the back of the property, ...
Listing courtesy of Keller Williams - Outer Banks.
Looking for the ideal location for your Outer Banks dream home? Look no further; this property is in a perfect spot and offers something for the entire family! The beac...
Listing courtesy of Colony Realty Corporation - Kdh.
Here’s your opportunity to own a great home in Ocean Hill! Ocean Hill offers wide beaches and you’ll enjoy the privacy of being located near the end of NC Route 12, locat...
Listing courtesy of Keller Williams - Outer Banks.
Ocean Views from this Beautiful Direct Oceanfront Condo!! The Croatan Surf Club homes are luxury resort condominiums on the ocean front in the Outer Banks. The interior i...
Listing courtesy of Village Realty Holdings, Llc - Nh.
Take a look at this amazing property where all major components are new. This custom home was built by the owner utilizing the finest craftsmen and building materials. ...
Listing courtesy of Coastal Property Partners.
Great Price for a Fine Property. Spirit of Kitty Hawk Is in a Fantastic Low Traffic Lindbergh Location One off the Corner of Wilkins. Very Limited Public Beach Access Par...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
What an brilliant location, Ocean & Sound Views! Great opportunity to own a wonderful semi oceanfront home in the very private and quiet Station Bay Cove community. Othe...
Listing courtesy of Watersedge Realty.
Simply perfect! Spacious custom built home located close to the beach in Ocean Sands. The carefully designed floorplan takes every advantage of living space both inside...
Listing courtesy of Keller Williams - Outer Banks.
One of the best OCEAN VIEWS for a Semi-Oceanfront location and an Income Producer! Generated $79,100 Y.T.D, the first year with Sun Realty. This 4 bedroom beach retreat i...
Listing courtesy of Coldwell Banker Seaside Realty - Kdh.
EXQUISITE SEMI-SOUNDFRONT IN SANDERLING!! IDEAL LOCATION...SEMI-SOUNDFRONT AND JUST 3 LOTS FROM THE OCEANFRONT!! GORGEOUS SOUND VIEWS!! THIS IS THE HOME TO SHOW YOUR DIS...
Listing courtesy of Landmark Sotheby's International Realty.
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.
Meticulously maintained custom built home ON CANAL, a revised replica of Southern Living's Crab Tree Cottage! This Move-in ready 5 Bedroom and 3.5 bath canal front home i...
Listing courtesy of Beach Realty & Construction - Kh North.
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.
Your very own "Ocean Paradise" awaits you in the heart of Corolla! Enjoy views of the lake in Ocean Sands in this tastefully appointed home at the beach located between t...
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.
