Shore Realty Outer Banks Home Sales

MLS #: 119170
3301 S Virginia Dare Trail
Nags Head, NC 27959
Selling Price: $2,475,000
Asking Price: $2,599,900
Closing Date: 3/21/2023
Status: Sold CO OP by Member
Status Date: 3/21/2023



Listing Information

Headline12% RETURN!!! * Big Daddys
AreaNags Head Oceanside
Beds8
Full Baths7
Partial Baths2
Asking Price$2,599,900
Price Date3/21/2023
Original Asking Price$2,999,000
Total Tax Assessed Value$1,394,600
Land Tax Assessd Value$837,500
Price Per Square Foot$673
Days On Market248
Cumulative Days On Market248
Days On MLS248
Cumulative Days On MLS248
Listing Date6/6/2022
Listing TypeExclusive Right Sell
Input Date Date6/6/2022
Update Date3/21/2023 7:14:25 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleContemporary,Reverse Floor Plan,Coastal,Cottage
Year Built1998
Heated Living Area3862
Air ConditoningHeat Pump,Zoned
HeatingElectric,Heat Pump,Zoned
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,Stackable Washer/Dryer
GarageAttached,2 Car,Carport
Interior FeaturesCathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Ice Maker Connection,Ensuite,Pantry,Some Windows Treated,Washer Connection
CountertopsLaminate
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Fenced Yard,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Tiki Bar,Dry Entry,Inside Laundry Room
Floor CoveringsCarpet,Tile
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,Stackable Washer/Dryer
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Vinyl,Heated,Private Pool
ExteriorShakes,Sheet Siding,Wood
Sundeck ?Southwinds
FoundationPiling,Slab
Optional RoomsGame Room,Pantry
Optional RoomsGame Room,Pantry

Lot Details & Legal Description

Address3301 S Virginia Dare Trail
Unit/Lot #Lot 1
Full Subdivision NameSouthwinds
CountyDare
CityNags Head
StateNC
Zip27959
Deed Page0131
Deed Book2479
Doc Timestamp3/10/2023 5:48:00 PM
Pin Number989211569698
Lot Square Feet25243
Lot Size/Dimensions65 x 394 x 382 x 420
Lot FacesEast
Street Frontage65
Lot DescritionBeach Frontage,Level,Water Frontage
View DescriptionOcean
Water Frontage66
Distance To WaterOceanfront
ZoningCR
Flood ZoneVE
ParkingPaved,Off Street
RoadsPaved,Public

Property Expense & Utilities

Association Fee Y/NNo - Restr
Tax Year2022
Property Taxes$9,595
Water SourceMunicipal
Septic Disposal SystemPrivate Septic

Financial's

Rental Cottage NameBig Daddys
Rental Cottage #K1204
Rental Turnover DaySaturday
Finance OptionsCash,Conventional,Jumbo Loan
Furniture Available ?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing,Subject to Tenancy
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count12

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 3301 Virginia Dare Trail is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.

Gross Annual Rental Income$303,150

Listing Agent Remarks

AMAZING 2022 OWNER RENTS $306,070 !!! - that is a 12% RETURN CASH FLOW! *** 65 FEET WIDE OCEANFRONT LOT! *** 9 BEDROOM OCEANFRONT IN NAGS HEAD! ... Big Daddys has a Great Name ... This Home lives up to the name & then some! * TROPICAL GORGEOUS LANDSCAPING * Prior survey shows Land Dimensions: 65 feet on Beach Road, north side 394 Feet and Oceanfront at 66 Feet and south side at 382 Feet ... 66 FEET WIDTH on OCEANFRONT (much wider than typical 50-foot lot in Nags Head!) *** Likely Room to add a Cabana *** Located Milepost 11.5 approx. on the Beach Road - this home will catch your eye driving by with its Lush Landscaping w/ Volley Ball Court & the that Island Look that will draw you in * Big Driveway for plenty of Guest and Family Parking *** Tax Record shows this home is 8 Bedrooms ... but it is actually 9 Bedrooms w/ 7 Main En Suite BRs w/ Full Baths *** Totals out at 9 Bedrooms, 7 Full Baths and 2 Half Baths (Primary Powder Room just off the Great Room for guests and the other is a 1/2 bath is an outdoor Bathroom across from the 2 Outdoor Showers - perfect for the Kiddies while swimming in the Pool! *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Painted Ceiling Mural * High Ceilings, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have Fabulous Ocean Views! Guest Powder Room * North side Main En suite Bedroom w/ double Pocket Doors to spacious Bath with Soaking Jet Tub & separate enclosed Tile Shower * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180- degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features 5 En suite Bedrooms w Full Baths, 1 bunk room and Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 - The glass in the front door is being replaced soon June 2022 * Level 1 Features a Huge Open Great Room with tile floor, Big Kitchen, Pool Table, Sliders out to Tiki Bar & Pool, 2 Bedrooms and a Full Bath between - laundry facilities in this area as well *** Pool Deck is really Awesome ... Heated POOL, TIKI Bar, HOT TUB & Lots of room to Catch Rays by the Pool * Outdoor Showers and the Outdoor 1/2 Bathroom *** Home Rents w Pets - there is a dedicated pet area on the north side of the Pool w/ green grass and a pen on the south side *** You will want to head out past the pool to the Dune Pool gate - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Big Dipper in all its glory was overhead last night! *** Located just south of Tortugas Lie, Bonnet Street Park, Lucky 12 Tavern across the street and down the road a few hundred feet, just north of the Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockeys Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Big Daddys is offered fully furnished with no exclusions other than that which is located in owner locked storage closets *** Big Daddys is (and has been) a Fabulous Rental Income Producing Investment *** See Rental Company Beach Realty K1204 Big Daddys Photos & Description at Website Link: https://www.beachrealtync.com/outer-banks-rentals/big-daddys *** Per Seller: New Pool Liner 11/2022, Roof & HVAC 7 years old, Water Heater 5 years old *** NOTE: 1/11/23 Seller will soon be removing exterior wood shutters and will touch paint to match in needed areas where shutters removed *** 2021 Owner Rents totaled $299,297 *** OWNER RENTS for 2022 were $306,070 ... a 12% RETURN! *** Owner Projecting 2023 Rents will exceed 2022 Rents! 2023 is Booking Strong w/ $183,071 Booked as of 3/10/23 *** This is Oceanfront at its Best ... Come see!

Directions

Milepost 11.5 on the Beach Road - just a few lots north of and across the street from Lucky 12 Taver

Official MLS Disclaimer

Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.

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