New OBX Listings
4 Kingfisher Trail,Southern Shores
This is BY FAR one of the most unique properties I have ever seen on the Outer Banks. This property has 5000 square feet on one floor. No more up and down stairs all day long. Everything is basically on the main level of the home. Unlike many of the floor plans, this is a "Very Open" floor plan. This is situated on a double lot over looking the Sound and Atlantic Ocean with unobstucted views of both. One of the more exclusive year round communities on the Outer Banks PERIOD! The home has built i
165 Teresa Court,Duck
Right in the heart of Duck you'll find this classic beach home. 5 minute or less walk to the ocean to the East and 10 minute walk to shopping right in the middle of town to the West. Enjoy all that Duck has to offer. This home has a covered entry on the ground level opening to a laundry room to drop all the beach gear. The mid level offers 3 good sized bedrooms and a full bathroom. The top level offers another large bedroom with deck access and a living room, dining area and kitchen. With
574B Trolling Lane,Corolla
BEAUTIFUL OCEANVIEWS FROM THIS 5 BEDROOM/4 BATH HOME OCEANSIDE, COROLLA. The beachy colorful décor in this spacious home makes you feel comfortable and ready for the beach. Very spacious home, has two bedrooms / full bath on the ground floor. Ground floor bath enters into the hall and directly from the private pool areal. 2nd floor: Spacious hallways lead to nice size bedrooms, all with their own baths. 3rd floor: Large GREAT ROOM with two sliders that enter onto the sundeck or screen i
128 Waxwing Lane,DUCK
This is a very handsome oceanfront cottage with an open floor-plan and lots of windows to let the outside in. The house is scaled for family-use with expansive living space on the top level joined by a spiral staircase to the sleeping rooms below. A large master bathroom has a jacuzzi tub in a windowed alcove. The wraparound deck with built- in seating gives unlimited ocean views. There is an outside grilling and picnic area and a covered dining porch.This home has its own non-shared walkway
832 Golden Bluff Way,Corolla
This is a high, high lot that will afford sound and ocean views from the top floor of a home. Nice cul-de-sac area in a quiet area. Take advantage of this low price for a great building lot.
953 Sun Burst Point,Corolla
SEMI-SOUNDFRONT / PONDFRONT / BEAUTIFUL VIEWS! This location is called Sun Burst Point for a reason. Located on a pond in a quiet cul de sac just 1 lot from the sound. Enjoy gorgeous sound views & sunsets from this very spacious home without paying soundfront prices. Open floor plan, bright and airy with both open & covered decking and a nice screened porch. Sellers have made many improvements in the last year which include: exterior painting, some interior painting, new outside plumbing, some n
409 Burns Drive,Kill Devil Hills
Stylish design in this Brand New Quality Construction. Four Bedrooms and Three Full Baths. The master suite features double closets for plenty of storage and a roomy bathroom with tile floors. The kitchen features upgraded Stainless Appliances and Tile Floors. Living area offers vaulted ceilings and Wood Flooring with an open floor plan for maximum light and space. The ground floor offers a spacious master suite with its own walk in closet and tile floors. The decks offer plenty of outdoor
117 Duck Woods Drive,Southern Shores
Great building lot in perfect year round community! Large wooded lot backs up to open space offering privacy. The property is tucked away down a quiet street but still is just minutes to everything you need including schools, shopping, dining, and the Wright Memorial Bridge for quick access to VA. The Southern Shores Civic Association is a voluntary membership but is only $50/yr - amenities include beach and sound access, boat ramp and playground with basketball courts and soccer field.
117 Greensboro Street,Kill Devil Hills
Well maintained second home close to beach access. Would make a great rental or primary home. More than ample parking and relaxing area under house entertainment area with nags head chair swing and hammock to stay with property along with your own outside TV. Hot tub stays but sold "as is." Outdoor shower and half bath in utility room with that extra frig for those cold drinks and snacks. Shed in back of home with all items to convey. Home has a well but no pump. Large upper deck and yes you ca
38 W Ninth Avenue,Southern Shores
High Dune Beach Home!...Turn key...Sold fully furnished!...and ready for ultimate beach lifestyle!...at a great price!...top of the line kitchen cabinets, granite and stainless appliance package...including a wine cooler...overlooking the great room with vaulted ceilings and brand new skylights!...And electric fireplace!...French doors lead into the south facing sun room with wall windows and separate HVAC system! Five master suites!...spacious top floor suite has walk-in closet, tiled shower, b
538 Breakers Arch,Corolla
Huge lot, the possibilities here are endless! A rental home is on the property today, it is in great condition -- though this land has unlimited potential for a higher and better use! Build your dream home, rental machine and count your cash flow! Homeowner association is voluntary-
4905 S Virginia Dare Trail,Nags Head
Upscale, completely remodeled, and beautifully appointed 3 bedroom, 3 bath, True Oceanfront condo, with high rentals, in the Quay. This home, as an end unit located in the best position within the community, offers Ocean Views, open bright living areas, large bedrooms, direct beach access, 2 East facing & 2 West facing decks, private carport with parking, dry entry, storage, and outside shower, with community pool & tennis on a great stretch of the Nags Head Beaches. "That's for Shore" is a met
68 Ballast Point Drive,Manteo
Panoramic views over the Roanoke Sound are yours forever with this exceptional 4BR 3.5BA home on Ballast Point! Delightful layout has a comfortable mid level greatroom for family gatherings while taking advantage of the beautiful sound views. This level will also access the screened porch & large sun deck with a private hot tub! Views of Jockey's Ridge! The covered front porch and bedroom locations allow one to get away for privacy & relaxation! Fully enclosed garage plus game room sets this hom
136 Croatan Woods Trail,Manteo
Beautiful location at the North End of Roanoke Island. Croatan Woods Community is surrounded by Federal Preserve and NC State Preserve. Nature trails, white sand beach and large gazebo for community enjoyment.
1088 Whalehead Drive,Corolla
Comfortable and cozy true Beach Cottage! Located in Whalehead just 4 lots from the oceanfront. This home is very close to the corner of Shad Street which makes for an easy stroll to the beach! Bring your fishing poles to this charming turn-key rental or second home. Solid In-Season Rental History makes for a great investment. Appropriately decorated with beachy and fish themed decor which conveys; this 5 Bedroom, 3 1/2 Bath Home is guaranteed to provide the nostalgic seaside feeling only fo
39179 Weakfish Drive,Avon
Great opportunity to secure sound side lot in North Avon.
538 Breakers Arch,Corolla
Well maintained home sits far back from ocean, down a private driveway accessed through the cul-de-sac, stroll down the private walkway including dune line deck to big beach on other side of stable dune in desirable Section A. The lot size has grown as the ocean receded here! In 1994, the lot size was 32,100 square feet, the 2012 survey showed the lot is now 33,615 square feet, and the dune has grown quite a bit higher. Rare find! New roof in 2004, new bathrooms and kitchen tile, 3 decks (inclu
2904 S Lost Colony Drive,Nags Head
Great Nags Head Westside cottage -- 2md lowest priced 3 bedroom/2 bath home in Nags Head!!! In "X" flood zone -- no flood insurance required by lenders -- All wooded in back -- adjacent to Town of Nags Head Nature Conservancy -- Convenient to all stores, food, etc but set back 4 blocks from 58. This is a GREAT value!
5709 S Virginia Dare Trail,Nags Head
Here it is. The best price for an Ocean front property of this size! Don't think you want to pass this one up. Waking up in the morning to see the sparkling ocean greet you. Don't even bother with flip flops, from this house all you need is your bare feet. The sun kissing your face. Your friends and families laughter, and the kids making memories. At this price, it really is a great investment. Call today, and get your house ready for the season. Subject to auction terms.
168 Wax Myrtle Trail,Southern Shores
High Dune Lot! Extremely rare opportunity to enjoy an unreal panoramic ocean view! Land to the East is low, giving you an oceanview standing on the lot! Enjoy this low traffic location. Terrific for year-round, second or rental property!
1721 Bobby Lee Trail,Kill Devil Hills
Fantastic location and priced to sell. This 8 bedroom, 5.5 bath is complete with a large private pool, hot tub, generous rec room with pool table, 2 laundry rooms, 2 refrigerators, 2 microwaves, 2 dishwashers, and 10 HD TVs and DVD players. Excellent outdoor space with 4 covered decks and a ships watch with ocean views. Large lot. Hard to beat location with convenient ocean access, dining, shopping, and movies all within walking distance. Well furnished and maintained. This home has been a
829 Cedar Drive,Kill Devil Hills
Sound front elegance! Your Outer Banks retreat to waterfront serenity. This beautiful home overlooks Kitty Hawk Bay with spectacular panoramic water views. Walk in and relax! Built in 2004, the well cared for home was gently used as a second home and it shows. The owners have taken great care of their retreat. Great floor plan with open living space on top level to maximize water views. Dramatic stairways and vaulted ceilings add to the open feeling. Plenty of outside decking to enjoy the
110 E Gray Eagle Street,Nags Head
Great location with residential or commercial potential close to Jennette's Pier, Tanger Outlets and the beach. Located in the C-2 commercial zone with residential and commercial properties nearby. The house is treated as a single family house with a nonconforming accessory unit. It has two floors accessible by exterior doors plus two interior stairwells. The house is currently setup as two separate living areas as each floor has a kitchen. The primary owner living area is on the first and s
117 Four Seasons Lane,Duck
Enjoy the BEST of Outer Banks home ownership with 4 Season 8 Reasons. With ALL of the ingredients for a winning vacation rental experience, this home is a must see for every potential Duck vacation owner! Here are all of the Reasons why: * * *Location: Enjoy ocean views from the top of the ridge in gated Four Seasons, Duck’s award winning neighborhood! An indoor pool, oceanside pool and facilities, sidewalks, private beach access, trolley service, tennis courts, club house and archit
700 W First Street,Kill Devil Hills
Awesome Carolina Sunsets over the Sound wrapped in a serene setting of Live Oaks and Spanish Moss...tucked away from all the resort traffic...this canalfront 2bedroom second floor condo has a wonderful deck to sit and enjoy Egret, Heron and Osprey, among other visitors...Multi use path to Wright Memorial runs in front of Oyster Pointe. Direct ocean access on First Street. Close to Dock St boat ramp. Other amenities include fireplace, pool and tennis. Improvements: 2013 dishwasher, stainless st
128 Croatan Woods Trail,Manteo
Beautiful location at the North End of Roanoke Island. Croatan Woods Community is surrounded by Federal Preserve and NC State Preserve. Nature trails, white sand beach and large gazebo for community enjoyment.
25024 Sea Vista Court,Waves
Home offers all the amenities at a price well below the assessed value. Private pool. Community tennis courts are just down the street. Propane cylinder property of Amerigas Lockbox located on right rail of front entrance steps. Additional photos and rental income information being acquired.
136 Lee Court,Kill Devil Hills
Very nice floor plan on main Harbor of Colington. Large boat lift and dock. This home is well designed with very spacious rooms. New appliances highlight the surrounding kitchen with more than ample cabinetry plus a pantry. All the bedrooms are quite large and have large closets. Each bath has a double raised vanity. Even the screen porch (with ceiling fan!) overlooking the harbor is large! Windows have custom made storm shutters. And did I mention the views that are just incredible????? C
621 Ocean Front Arch,Corolla
"The Breakers" has everything - views, steps to the ocean AND great rental performance! The home features 6 bedrooms and 5 full and one half baths. The ground floor has a game room area with wet bar and two bedrooms that share a hall bath. The mid level has 3 master bedrooms and a wonderful den area. The top floor has a large master suite with ocean views, great room with fireplace and built-ins and a large kitchen and dining area. There are lots of decks across the back of the house that al
56139 Elizabeth Avenue,Hatteras
Great opportunity to get back to basics and enjoy canal front living in this cozy early built 3BR, 2BA home. Dock your boats in your back yard along spacious bulkhead waterfront. Large deck overlooking water front with sound views.
41057 NC Highway 12,Avon
You'll never look back if you choose SEA TURTLE at the Islander. The perfect floor plan of this first-level unit combines instant access to the pool, your car, and the ocean for a complete vacation experience. This central-Avon location caters to your guests' every need, including the next-door Beach Klub's live concerts, Avon Pier fishing and golf, as well as an upscale tavern. Log on to Spa Koru for a preview of coming attractions. If you're in the market for a sunny, inviting home with all fu
21 Dolphin Run,Southern Shores
Two lots back from OCEANFRONT! This 4 bedroom, 3-1/2 bath cottage has a dry entry from the ground level. Upstairs is an open floor plan with kitchen, dining and living areas and the half bath. The living area has a fireplace with cozy and convenient gas logs. Both the living and dining areas have vaulted ceilings and wood floors. Kitchen and half bath are tiled. Mid level has 4 bedrooms (2 Masters!) and 2 additional bedrooms with a shared bath. This level is carpeted and all of the baths h
105 E Bluewater Drive,Nags Head
Location! Location! Incredible Ocean views from this home located just 2 lots away from the ocean. Award Winning Design and layout! Enjoy Hot Tub, Outdoor shower and decks. All requirements for Outer Banks living! This Reverse floor plan has dramatic vaulted ceilings on the main living level with open kitchen that opens to a deck. Great for entertaining. The beach access is steps in front of you with a bath house and showers. It's all steps away! Including the Village at Nags Head Olympic
173 Creefs Ridge Road,Manteo
A true "Manteo Charmer"...this cozy and inviting home has been well loved and is in pristine condition. The floor plan is very functional and home offers a light and airy feel throughout. Many upgrades (hardwoods, cabinets, HVAC, windows, doors, and roof just to name a few) making the effective age of this home much younger than advertised. Featuring "One-Level Living", this home is nestled away on one of the largest lots in the subdivision and surrounded by mature trees and landscaping, whi
25242 Wimble Shores North,Waves
Nice ocean side lot in Waves just 3 lots from oceanfront. Destine to have good ocean views and a quick walk from your new beach house. Why buy someone else's idea of a beach home when you can plan your own on this lot. Call and let's get started.
113 Watersedge Drive,Colington
This home shows like new. Hardly ever used, this is a true 2nd home. New Quartz counter tops, Ceramic Back Splash, new kitchen cabinets with glass fronts, new sink and hardware (not because they needed them just because they WANTED them). Beautiful wood floors, large master bedroom with double sinks in bath. Creative windows let plenty of light in. LARGE FRONT PORCH, walkway to canal in back. You can put your Carolina Skiff in when the wind is coming out of the south west (all summer long
150 Scarborough Lane,Duck
This is a truly MUST SEE Signature Lane Home! If you are looking for a beach retreat that is better than home, then look no further. Museum quality finishes and craftsmanship and abundant amenities create a lavish vacation experience. Nestled on a cul-de-sac of Scarborough Lane, this home is very close to the beach and Duck Village shopping and amenities. * private pool with fiber optic lights and stone waterfall * in-ground hot tub * elevator with murals * sports bar * theater room with 119
Helping People Buy And Sell Homes on the Outer Banks
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Welcome to Shore Realty's premier site for all things real estate on the Outer Banks. On this site you can search all of the real estate, homes and land for sale on the Outer Banks beaches. You can narrow down your beach house search to the individual towns and villages across the OBX from Corolla and Duck to Southern Shores and Kitty Hawk including Nags Head and Kill Devil Hills plus Colington, the town of Manteo and all the villages on Hatteras Island. If it is for sale, you can find it here, regardless of whether you are looking for a palace like mansion, a simple beach cottage, an investment rental house or a home to live in.
Everything you need to make an educated home purchase is right here on this site, including articles for sellers and buyers with ideas to help you achieve your goal of Outer Banks home ownership. Call Direct 252-441-3416
Owners
Contemplating selling your property? The real estate market on the Outer Banks is not very friendly to sellers right now but properties are selling and quickly, if priced at market value. If you are interested in finding out the value of your property to see if you should wait or not, then sign up for a FREE CMA. If you are ready to sell, check out the extensive marketing campaign used by Shore Realty to help you sell your property. Shore Realty's level of service is unmatched and even surpasses what the big box brand companies have to offer. Check it out HERE Sometimes smaller is better!
Has the OBX Real Estate Market Reached the Bottom?
Probably!!! The only way to really know for sure if the OBX real estate market has bottomed out is through hind sight. When we see prices start to go back up we will know for sure where the bottom was. It does look like we are at, or near, the bottom of the market right now. If you believe in the old investor adage, buy low sell high, then the next 5 years should be a good time to invest. Those who wait too long will find themselves on the other side of the curve facing rising prices and rising interest rates. How long will be too long?
New 2013 Property Tax Assessments Are Out
What does this mean? Not much really, but it might be a shock to some home buyers when they find out the tax assessment on the house they want to buy is lower than the fair market value is. Likewise, sellers are not going to be happy with finding out their assessments have gone down while their property tax payments have not gone down. Dare & Currituck Counties only assess the real estate tax values every 8 years and the last time was at the height of the real estate boom. So, for the past 8 years the property tax assessments were higher than homes were selling for, which gave buyers a sense of increased value. Now that the property tax assessments have been readjusted, it doesn't look like properties are such a great deal. But, the property tax assessment does not have any bearing on the market value of a property. The tax assessment only influences how much property tax is levied against a property. A low tax assessment can be a good thing.
THE BANKS ARE NOT CLOSED
THE BANKS ARE MAKING LOANS. The banks are making home loans the way they used to and the way they should be making home loans. If you have a down payment, good credit and can afford the mortgage payments, then you can buy whatever you want at incredibly low interest rates. Just make sure the home will appraise because there are a lot of overpriced houses out there that will not appraise.
Sold Statistics
TOTAL SOLD RESIDENTIAL UNITS
Outer Banks NC Association of REALTORS MLS
- 2013 Median Price $299,000 - Total Units Sold 1,295
- 2012 Median Price $312,750 - Total Units Sold 1,324
- 2011 Median Price $280,000 - Total Units Sold 1,181
- 2010 Median Price $310,000 - Total Units Sold 1,299
- 2009 Median Price $295,000 - Total Units Sold 1,120
- 2008 Median Price $335,000 - Total Units Sold 1,043
- 2007 Median Price $365,000 - Total Units Sold 1,226
- 2006 Median Price $395,000 - Total Units Sold 1,235
- 2005 Median Price $427,000 - Total Units Sold 2,082
- 2004 Median Price $386,000 - Total Units Sold 2,348
- 2003 Median Price $325,000 - Total Units Sold 1,952
- 2002 Median Price $290,000 - Total Units Sold 1,971
- 2001 Median Price $205,000 - Total Units Sold 1,648
- 2000 Median Price $185,000 - Total Units Sold 1,498
The 2013 Sold Statistics from the OBX MLS are here. The past year saw a decline in both the median price (-4%) and the number of units sold (-2.5%) on the OBX beaches. It looks like the highs and lows are leveling off and the market is trying to stabilize. In the past 5 years the OBX MLS has been averaging 1,243 sold residential units per year with a high of 1,324 units sold last year and a low of 1,120 units sold in 2009.
When the OBX real estate market was in the process of recovering from the 90's recession, the market saw some years of decline followed by a stabilization period that lasted for 5+- years, before any sign of price increase started to show up. Then the OBX market went through another 5+- years of gradual price increase before we saw the crazy price increases of the 2005 boom. It looks like the market here on the OBX has reached the low plateau before prices start to move up, and it should stay fairly level for some time before we see any noticeable increase in property values. Now, is what is commonly referred to as ' the bottom'. There are some localized areas where the decline is still occurring and then there are areas like Duck, where prices are already going back up.
These sales numbers reflect the residential sales on the Dare & Currituck County beaches. The sales numbers do not included the inland counties serviced by the Outer Banks Association of Realtors. Residential properties include homes, condos and townhouses.
Drive By List of Properties For Sale
The reason that there is so much inventory available on the OBX is because there were a lot of sellers who were waiting for the prices to reach the peak before selling. Once the real estate prices reached the peak in 2005 all of these sellers decided they were ready to sell and have flooded the market. A lot of homes for sale on the Outer Banks are for sale by sellers who don't need to sell and refuse to adjust their price for today's real estate market. In reality they are not for sale.
With enough sellers wanting to sell it means shopping for real estate is a lot easier now than it was in 2005. There are more houses for buyers to choose from which means sellers will have to fix things that they wouldn't fix 2 years ago and buyers can shop for the perfect home without the fear of losing it to someone else. The sellers have to compete for the limited number of buyers.
The difficult part of a real estate transaction used to be getting the financing. Not any more! There is plenty of money being lent to people with good credit but everything has to be just right. Appraisals are getting easier and lender requirements are getting easing up some. For those with the ability to make it happen, now is a good time to start investigating a real estate purchase.
Let us set you up with a map and a list of properties that are for sale and then you can leisurely drive around and see if there is anything that might interest you. It is also a good way to learn the different neighborhoods. After all, the Outer Banks does cover an 80 mile skinny stretch of northeastern NC. Call local 252-441-3416 or toll free 800-647-1868
Plan Your Trip to Meet Your Needs
Now that the summer tourist season is here it has become harder to look at homes for sale. Vacation beach houses are likely to have renters in them so the only time they are available to see is between 10am and 2pm on checkout day. more
Traditionally, spring is the busiest time of the year for real estate sales on the Outer Banks. Spring is also the time to get your foot in the door and have all of the prepaid rental reservation money refunded to you at closing. more
In the fall the sellers have collected all of the summer's rental income. There will be no more rental income until next year and no help paying the bills over the winter. This is when a seller is in their best position to make a deal. more
Shopping for real estate is fairly easy in the winter. The hotels and motels are all empty all over the OBX so you can come and go as you please. All of the rental houses are vacant so you can look at them without having to worry about vacationers not letting us in. more
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Errors and Omissions Insurance
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1031 REALTY EXCHANGE
Avoid the capital gains tax and the 25% depreciation recapture tax by utilizing the IRS code 1031 Tax Deferred (Starker) Exchange. Swap investment land, condos or homes for any kind of investment property within 6 months. Call Greg at 252-441-3416 for details.
Contrary to what many people think, it DOES NOT COST ANYTHING to have an agent work for you in North Carolina. We get paid by commission from the sale. All of the sellers in the Outer Banks Association of REALTORS MLS have agreed to pay that commission to us, regardless of what company has the property for sale. This is what you can expect:
- We will not make you sign any commitment, long term or short.
- NC Buyer Agency DOES NOT require a contract.
- If you find yourself only looking at houses with your agent’s company’s signs, be careful. Chances are that agent is not working for you.
- We will show you only properties that fit your requirements. There are over 4000 different pieces of real estate for sale on the Outer Banks right now. One of them is just right for you.
- We will use our MLS computer capabilities to search for all of the properties that fit your needs.
- We will provide you with information about the SOLD houses that are comparable to what you are considering. How else can you decide how much to offer?
- We will negotiate on your behalf to get the best possible price.
Questions about selling? Don't listen to the doom and gloom stories that are going around. Once you understand how the absorption rate affects sales and see what advertising we provide and where we will put your property on the internet, you will see that now is still a good time for sellers even if you are selling out of state.
Just curious? Sign up to find out Your Home's Value, complimentary of course, or call 252-441-3416 and learn the fair market value of your property.
Helping YOU buy or sell real estate on the Outer Banks (OBX) of NC.
