803 S Virginia Dare Trail, Kill Devil Hills, NC 27948

$4,600,000
12
BD
14
BA
8,200
SqFt
List Price
$4,600,000
Price Change
▼ $150,000 1661451221
MLS#
119025
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
12
Bathrooms
14
Full-baths
11
Half-baths
3
Living Area
8,200
Neighborhood
Baum Beach

Property Description

Absolutely amazing 12 bedroom Oceanfront estate available for purchase. Turnkey investment at the perfect time of year to capitalize on the rental season. Currently rented only a portion of the year, but could produce $564k/season if the owner made it available for the whole year. This home is so well maintained and loved, it shows like a model home. Interior amenities include a movie theater, elevator, game room with arcade game and pool table, gourmet kitchen, hardwood floors. Outside is a large private pool, tiki bar, kids pool, hot tub and private walkway to the beach. The interior selections are modern and newer, maintained to another level, leaving very little for a new owner to manage. Recent improvements are 4 new heat pumps in 2020, exterior paint 2022, refinished wood floors, new outdoor polywood furniture 2022, addition of the bar in the pool room, natural gas pool heater and gas fireplaces.

Additional Information

Air Conditioning
Central, Heat Pump
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, 2nd Refrigerator
Construction
Frame, Wood
Countertops
Granite
Siding
Cement Fiber Board
Extras
Attic Fan, Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Sun Deck, Dry Entry
Floor Coverings
Carpet, Tile, Wood
Foundation
Piling, Slab
Heating
Central, Heat Pump
Interior Features
All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite
Lot Description
Beach Frontage
Optional Rooms
Home Theater
Parking
Off Street
Pool
Yes
Possession
Subject to Tenancy
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Reverse Floor Plan
View
Ocean
Well
Municipal
Zip
27948
Neighborhood
Baum Beach
Year Built
2005
County
Dare
Annual Rental Income
564000
Rental Co
Carolina Designs
Rental Cottage Name
The Gardenia House
Furnishings Available
Yes
Bill of Sale in $
Yes
Bill of Sale Amt
1
Annual Rental Income$
564000
Rental Performance
0.1226
Yearly Expense Act/Est
Actual
Yr Electric Expense
7301
Yr Water Expense
2454
Yr Cable TV Expense
3692
Insurance Expenses
$1,851
Flood Expenses
858
Pool/Spa Expense
7211

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Outer Banks Realty Group.

Listed by Cooper Hawk

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