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
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| Headline | 12% RETURN!!! * Big Daddys |
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| | Original Asking Price | $2,999,000 |
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| Total Tax Assessed Value | $1,394,600 |
| | Land Tax Assessd Value | $837,500 |
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| Price Per Square Foot | $673 |
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| Cumulative Days On Market | 248 |
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| Cumulative Days On MLS | 248 |
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| Listing Type | Exclusive Right Sell |
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| Update Date | 3/21/2023 7:14:25 PM |
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Building Details
| Type | Single Family - Detached |
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| Style | Contemporary,Reverse Floor Plan,Coastal,Cottage |
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| | Air Conditoning | Heat Pump,Zoned |
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| Heating | Electric,Heat Pump,Zoned |
| | Appliances | Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,Stackable Washer/Dryer |
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| Garage | 2 Car,Attached,Carport |
| | Interior Features | Cathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Ice Maker Connection,Ensuite,Pantry,Some Windows Treated,Washer Connection |
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| | Extras | Beach 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 |
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| Floor Coverings | Carpet,Tile |
| | Appliances | Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,Stackable Washer/Dryer |
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| | Roof | Asphalt/Fiber Shingle |
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| | Pool Type | Outdoor,In Ground,Vinyl,Heated,Private Pool |
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| Exterior | Shakes,Sheet Siding,Wood |
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| Optional Rooms | Game Room,Pantry |
| | Optional Rooms | Game Room,Pantry |
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Lot Details & Legal Description
| Address | 3301 S Virginia Dare Trail |
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| | Full Subdivision Name | Southwinds |
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| Doc Timestamp | 3/10/2023 5:48:00 PM |
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| | Lot Size/Dimensions | 65 x 394 x 382 x 420 |
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| Lot Descrition | Beach Frontage,Level,Water Frontage |
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| | Distance To Water | Oceanfront |
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Property Expense & Utilities
| Association Fee Y/N | No - Restr |
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| Septic Disposal System | Private Septic |
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Financial's
| Rental Cottage Name | Big Daddys |
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| | Rental Turnover Day | Saturday |
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| Finance Options | Cash,Conventional,Jumbo Loan |
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| Furniture Price/Bill Of Sale Amount | $1 |
| | Possession | At Closing,Subject to Tenancy |
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| Potential Short Sale Y/N | No |
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| Associated Document Count | 12 |
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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 |
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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.
