Outer Banks Investment Property & Cash Flow Homes

Real estate has always been a good way to diversify your investment portfolio. Typically, an investor would buy an apartment building, shopping center or rental home based on the capitalization rate or the possibility of appreciation in the value of the property. Nothing exciting but still a good solid investment.

Investment real estate done right, is a multi pronged strategy where the investor can leverage their money while earning income with capital appreciation as the end gain. Stocks can vaporize, real estate lasts forever and historically, has seen positive gain spread out over time. Real estate is not a short term investment.

The typical commercial real estate investment requires the investor to own a shopping center, office or apartment building or a rental home where someone is trying to live. Alien property with no intrinsic value other than investment possibilities. If you own a shopping center or apartment building your investment can deteriorate simply by a change in neighborhood traffic patterns. Stores come and go. Owning homes where people are trying to live puts you in the position of playing landlord trying to collect rent and dealing with the inevitable evictions. Solid investments but messy to own and the best you can do is drive by and look at them or shop at one of your tenants establishments.

Here on the Outer Banks, investment real estate has possibilities not available in most areas. Here you can own a vacation rental home that you can enjoy the use of while simultaneously enjoying the investment benefits of the typical real estate investment. By maximizing the rental potential during the summer vacation season, you can realize income and still get to use the house in the off season.

Vacation Rental Homes

Adding a rental home to your investment portfolio comes with benefits not available to other types of investments. Rental homes on the Outer Banks are not like those where you live. A vacation rental home is only rented during the vacation season, so it ends up being empty for most of the year. Vacation renters pay in full before they check in to your house, so they are never behind on the rent. What other type of investments offer you the opportunity to entertain family and friends in the surroundings of your beach house?

Leverage

Use your 20% invest to earn the appreciation on 100% of the cost of the property. Lets look at a $500,000 house as an example. A 20% down payment of $100,000 will enable the investor to leverage a $500,000 asset and over time, let the equity build. You can postpone when you realize the appreciable gain on the entire $500k by waiting until you retire to sell, thereby taking advantage of the lower tax bracket retirement brings and preserving more of your profit.

Financing

If you live a considerable distance from your potential vacation rental home then you might qualify for a second home loan. A 2nd home loan has the combined advantages of a lower interest rate plus a smaller down payment required. An investor loan has a higher interest rate, requires a larger down payment but you can use the proven rental income to help qualify for a loan. So while an investor loan might be more expensive on the front end it might yield higher returns on the back end due to being able to leverage your investment with the rental income.

Positive Cash Flow

The ultimate real estate investment is when the rental income covers all the expenses. If there is profit left over after holding costs then it is called Positive Cash Flow. Instinctively, investors want to buy a house and have the house pay for itelf. This train of thought is encouraged by the endless stream of advertisements claiming positive cash flows for new developments. This is almost always just hype. If a property truly is paying for itself, we would not see many houses come up for sale. Why would an owner get rid of a house that pays for itself?

Due to the overwhelming popularity of the Outer Banks, it is very rare to find a positive cash flow home. Of course, there is always a point where an increased down payment can turn any home into a positive cash flow.

Most of the time, however, the rental income will help cover some or most of the holding costs. Oddly enough, the more expensive a home is, the greater the odds of achieving positive cash flow. This is because the pricier homes are usually located closer to the beach which is popular with renters.

Holding Costs

This is the true untold story for most people when they invest in real estate. It is the savvy investor who knows what to look for (how to find) the not so obvious costs associated with real estate investments. These hidden cost can seriously affect your Potential Gross Income (PGI).

The obvious expenses being utilities, insurance, maintenance, and property taxes. A lot of so called Positive Cash Flow properties don't look so good when you factor in the often overlooked rental commission. To befuddle you even more, some rental companies will charge a lower commission and then charge fees for services not included in the commission but necessary to manage the property. These fees can cover such items as linens, pool maintenance, credit card costsThis can sometimes add an additional 5% to 10% to the stated commission. Once you have a true picture of the holding cost you can look at the Effective Gross Income and how it will help or hurt your situation.

Cash Flow Worksheet

Here are some sample Proformas to help you analyze your available options and see if this is the course you would like to proceed with. If have heard of these proformas by some other name such as Investment Examinations, Investment Analysis or even the classic 'Performa' they all share one thing and that is the same lack of accuracy.

Every effort has been made to provide accurate data but it needs to be stressed that these proformas should only be used as guidelines. If one of these proformas is your guiding light and is convincing you to follow through with this investment, then please take this Proforma to your accountant. None of us here are accountants and we all hire professionals to do our taxes. Everyone's situation is different so please consult with your personal accountant.

Tax Benefits

The mortgage on a 2nd home is written off just like it is on a personal residence. All maintenance and operating costs are also write offs. There might be depreciation and other benefits depending on your personal situation, so the smart move is to consult with your CPA.

Investment Homes For Sale

Below are some cash flow real estate investments. The investment homes listed below are located fairly close to the ocean and as a result, they tend to produce higher rental income. Oddly enough, the pricier properties are usually cheaper to own. While all real estate is a good investment, rental homes can generate 5%-8% Gross Rental Performance which goes a long way to contributing towards the carrying costs. If a home can generate 10% of the purchase price in annual rental income, then it should get real close to paying for itself.

If you are not sure where you fit in or you are not sure what your options are, give us a call 800-647-1868 and let us help you figure out the best possible scenario for you.

130 Poteskeet Drive, Duck
Asking: $724,900
Beds-4 Baths-2 SqFt: 1417
Your in-town Duck oasis with ocean views awaits! You are going to fall in love with this little slice of heaven perfectly located between the beachfront and downtown Duck. This efficien MORE
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110 Bayberry Drive, Duck
Asking: $749,000
Beds-4 Baths-2 SqFt: 1356
Simply sweet, located in the heart of Duck in the coveted community of Bayberry Bluff. This lovingly maintained second home is turn-key with recent interior and exterior upgrades. The p MORE
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107 Station Bay Drive, Duck
Asking: $999,999
Beds-4 Baths-2 SqFt: 2069
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. Other features incl MORE
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114 Four Seasons Lane, Duck
Asking: $1,275,000
Beds-6 Baths-6 SqFt: 3144
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 vacationer needs MORE
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104 Turnbuckle Court, Duck
Asking: $1,495,000
Beds-6 Baths-5 SqFt: 2952
Duck Hatchery is a charming beach home nestled in the privacy of a cul de sac in Four Seasons, the #1 neighborhood in the quaint and popular Village of Duck. It has been lovingly mainta MORE
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116 Vireo Way, Duck
Asking: $1,669,900
Beds-4 Baths-2 SqFt: 1982
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 as possible. F MORE
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124 Mallard Drive, Duck
Asking: $1,749,900
Beds-5 Baths-4 SqFt: 2403
Well maintained Ocean Front Home in Duck! Ocean Views from almost every room! Located in Wild Duck Dunes Subdivision with Sound Front Pier with kayak/canoe launch! Tucked away in qua MORE
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145 Four Seasons Lane, Duck
Asking: $1,799,000
Beds-6 Baths-7 SqFt: 4537
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 shops, restauran MORE
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167 Buffell Head Road, Duck
Asking: $1,895,000
Beds-5 Baths-3 SqFt: 1934
Nice oceanfront retreat in Duck on protected flag lot! Be oceanfront without all of the erosion headaches! Enjoy having your own private walkway to the ocean and being in a cul de sac MORE
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103 Halyard Court, Duck
Asking: $1,899,000
Beds-8 Baths-6 SqFt: 3522
GORGEOUS HOME! SPECTACULAR OCEAN VIEWS!! STEPS TO THE BEACH! This beautiful home is located in the highly coveted community of Four Seasons in Duck AND checks all the boxes! Beautifu MORE
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163 Schooner Ridge Drive, Duck
Asking: $2,199,000
Beds-7 Baths-6 SqFt: 3658
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 floorplan and op MORE
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137 N Snow Geese Drive, Duck
Asking: $3,200,000
Beds-5 Baths-5 SqFt: 4262
Find your Stairway to Heaven in the spectacular oceanfront home. Tastefully decorated and well-appointed this 5-bedroom home has everything you need, including a Media Room, a fantasti MORE
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163 Buffell Head Road, Duck
Asking: $3,950,000
Beds-8 Baths-7 SqFt: 5908
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. Each level has MORE
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2111 S Virginia Dare Trail, Nags Head
Asking: $889,900
Beds-4 Baths-3 SqFt: 2135
SEMI-OCEANFRONT ON EAST SIDE OF BEACH ROAD WITH DEEDED OCEANFRONT BEACH ACCESS JUST STEPS AWAY! *** This is one of the COOLEST HOMES you will find in OBX! ... You will love the SHIPS WA MORE
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6105 E Baymeadow Drive, Nags Head
Asking: $899,900
Beds-5 Baths-4 SqFt: 2136
AMAZING LOCATION!!! OCEANSIDE IN THE SEASIDE COMMUNITY IN THE VILLAGE AT NAGS HEAD. BEACH ACESS IS LOCATED A SHORT DISTANCE AWAY. THIS GREAT HOUSE OFFERS 5 BEDROOMS, 4 FULL BATHS, A VI MORE
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3303 S Virginia Dare Trail, Nags Head
Asking: $2,499,500
Beds-8 Baths-7 SqFt: 3862
11% RETURN CASH FLOW! *** "9" BEDROOM OCEANFRONT IN NAGS HEAD! ... THE LAZY LIZARD (ITS NEXT DOOR TO BIG DADDY'S MLS# 119170 ALSO FOR SALE ... Buy 2 High Income Producing Oceanfront Hom MORE
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3301 S Virginia Dare Trail, Nags Head
Asking: $2,599,500
Beds-8 Baths-7 SqFt: 3862
11% RETURN CASH FLOW! *** "9" BEDROOM OCEANFRONT IN NAGS HEAD! ... Big Daddy's has a Great Name ... but this Home lives up to the name & then some! * TROPICAL GORGEOUS LANDSCAPING * Pri MORE
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3501 S Virginia Dare Trail, Nags Head
Asking: $2,899,000
Beds-8 Baths-6 SqFt: 4104
*** $303,429 RENTS YTD 2022 as of 9/13/22!!! This is an 11% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM MORE
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5017 S Virginia Dare Trail, Nags Head
Asking: $2,900,000
Beds-8 Baths-8 SqFt: 4756
Perfect oceanfront location in the Village of Nags Head. Far enough away from any beach access this lot enjoys beach privacy while being close to shopping and restaurants. The gracious MORE
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3509 S Virginia Dare Trail, Nags Head
Asking: $3,099,000
Beds-10 Baths-8 SqFt: 4800
AN INVESTOR'S DREAM...INCREDIBLE OPPORTUNITY TO OWN A 10 BEDROOM OCEANFRONT IN THE HEART OF NAGS HEAD! Almost every room in this home features a stunning Ocean View, and the top level MORE
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747 W Plover Court, Corolla
Asking: $519,000
Beds-3 Baths-2 SqFt: 1175
Location, location, location! This cozy cottage is situated on a high corner lot a short walk away from beach access. Watch the sunrise over the ocean from the rooftop deck. The open ki MORE
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557 Trolling Lane, Corolla
Asking: $669,900
Beds-4 Baths-2 SqFt: 1603
This Well Cared For 4BR, 2BA home is Nestled in the Trees offering Great Privacy yet it is a Very Short Walk to the Beach. It is close to the Community Tennis Courts as well as all of MORE
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755 Crown Point Circle, Corolla
Asking: $675,000
Beds-5 Baths-3 SqFt: 2440
Spacious 5 bedroom, 3.5 bath Crown Point rental home! Currently used as employee housing, this conveniently located property is close to the restaurants, shops, attractions and busines MORE
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744 Starfish Court, Corolla
Asking: $679,000
Beds-4 Baths-2 SqFt: 1897
Exceptional, turn key home with updates galore! Sit on the upper level sun deck and listen to the waves crashing....or gaze out at the beautiful neighborhood. Private pathway to the b MORE
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990 Cane Garden Bay Circle, Corolla
Asking: $685,000
Beds-4 Baths-3 SqFt: 2267
This desired section of Corolla has it all! Ocean Access, Sound Access & Community Pool! Come experience A Good Life. This home has a handful of upcoming open weeks to enjoy or fill MORE
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732 E Knot Court, Corolla
Asking: $710,000
Beds-4 Baths-3 SqFt: 1800
Welcome to this Ocean Sands oceanside charmer! The property backs up to community owned wooded land that will ensure a private feel. Its just a short distance to the HOA maintained beac MORE
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606 Saltspray Court, Corolla
Asking: $825,000
Beds-4 Baths-2 SqFt: 1630
Here is your chance to own a SEMI-OCEANFRONT home in Ocean Sands, Section F! This 4 bed/2.5 bath has been used as a second home for nearly 18 years!! Under the home, you'll find stora MORE
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747 Sand Dollar Court, Corolla
Asking: $825,000
Beds-4 Baths-2 SqFt: 1682
Updated 4 bedroom, 2 bath vacation home located within walking distance to the beach! Byers will love this Ocean Sands section N home situated on an X flood zone lot featuring all new MORE
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746 Crown Point Circle, Corolla
Asking: $825,000
Beds-6 Baths-4 SqFt: 2870
Great Ocean Views from top sun deck, screen porch, ships watch tower & kitchen. The Owners have done everything for you. Just move in or rent right away. Located in the heart of Crown MORE
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933 Whalehead Drive, Corolla
Asking: $849,900
Beds-4 Baths-3 SqFt: 2500
THE PERFECT FLOORPLAN! OCEAN VIEWS! This has been a cherished family home for years, ready for it's next family to write their own Outer Banks story! Just 2 lots back in Whalehead you MORE
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761 Bayberry Court, Corolla
Asking: $879,000
Beds-6 Baths-5 SqFt: 2871
Ready for a fresh, updated beach house? Well, here it is! This 6-bedroom, 5-bathroom remodeled vacation home features an open floor plan, stylish kitchen, updated bathrooms, new floor MORE
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632 Myrtlewood Court, Corolla
Asking: $899,000
Beds-6 Baths-5 SqFt: 3200
This is it! The perfect rental home in Ocean Sands! You and your guests will have everything you need! Starting on the top level you'll find a spacious great room, primary bedroom, l MORE
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715 Spinnaker Arch, Corolla
Asking: $900,000
Beds-4 Baths-2 SqFt: 1840
REDUCED!!! SEMI-OCEANFRONT opportunity in Ocean Sands, Section Q!! Charming SEMI-OF BEACH COTTAGE just steps from the Atlantic ocean!! Well maintained two-story home with multi level d MORE
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788 Ranger Road, Corolla
Asking: $950,000
Beds-4 Baths-3 SqFt: 3056
Mulberry Cottage in Buck Island is the low country cottage you have been waiting for. Take the golf cart to the restaurants, shops or the beach where the beach cabana service sets up y MORE
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1030 Whalehead Drive, Corolla
Asking: $999,990
Beds-8 Baths-5 SqFt: 4250
Whalehead Drive is a great location for an investment home or for personal use. 1030 is a couple lots off the corner for easy access to the beach access. This home has great rental hist MORE
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931 Corolla Drive, Corolla
Asking: $999,999
Beds-4 Baths-3 SqFt: 1824
Impeccable attention to detail is demonstrated in this Pristine Gorgeous Remodeled 4 lots Ocean Front 4 Bedroom, 3 Bath Whalehead Home. Finally, here is the great opportunity that you MORE
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1010 Corolla Drive, Corolla
Asking: $1,099,000
Beds-7 Baths-5 SqFt: 2772
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, ample room for MORE
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880 Whalehead Drive, Corolla
Asking: $1,150,000
Beds-6 Baths-6 SqFt: 3888
Location ! Location ! Beautifully furnished spacious house close to Whalehead Beach ! Close to shopping, restaurants, golf and attractions. Short walk to beach and public access. Wrap a MORE
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799 Apollo Road, Corolla
Asking: $1,175,000
Beds-6 Baths-5 SqFt: 3367
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 paradise. T MORE
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1205 Windance Lane, Corolla
Asking: $1,195,000
Beds-8 Baths-5 SqFt: 3074
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 CARPETING AND F MORE
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657 Oleander Court, Corolla
Asking: $1,295,000
Beds-7 Baths-7 SqFt: 3847
Lovingly cared for 7 BR, 7 ½ Bath custom home by the original owners! And located just one and half blocks to the ocean, tennis court and community pool, plus 1 mile nature trail aro MORE
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1216 Bismark Drive, Corolla
Asking: $1,295,000
Beds-8 Baths-8 SqFt: 4203
Location, location, location - beach access directly down Bismark Drive! This spacious and updated 8 bedroom home is located in the private community of Ocean Hill in Corolla, just down MORE
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909 Corolla Drive, Corolla
Asking: $1,350,000
Beds-6 Baths-4 SqFt: 3154
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 will find a MORE
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1261 Stillwind Court, Corolla
Asking: $1,374,999
Beds-7 Baths-4 SqFt: 2928
** $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 find the prestigio MORE
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603 Skimmer Arch, Corolla
Asking: $1,499,000
Beds-3 Baths-2 SqFt: 1748
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. Panoramic View of Ocea MORE
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852 Lighthouse Drive, Corolla
Asking: $1,595,000
Beds-8 Baths-6 SqFt: 4399
Beautiful semi ocean front rental machine just 2 houses away from beach access!! Rental income could be much higher! Owners take (3) July weeks and (3) Sept. weeks for personal use. MORE
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473 Island Lead Road, Corolla
Asking: $1,649,950
Beds-6 Baths-5 SqFt: 3318
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 floor has an open MORE
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1284 Sandcastle Drive, Corolla
Asking: $1,650,000
Beds-6 Baths-5 SqFt: 3171
Thoughtfully designed and highly elevated semi-oceanfront home situated in the sought after Villages at Ocean Hill community of Corolla. Ocean and wildlife sanctuary views are yours to MORE
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713 Mainsail Arch, Corolla
Asking: $1,699,000
Beds-4 Baths-2 SqFt: 1724
Oceanfront Cottage with a private pool in Corolla. Completely remodeled 4 bedroom home with tons of upgrades over the years, wood flooring, granite counter tops and custom backsplash. T MORE
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862 Lighthouse Drive, Corolla
Asking: $1,699,000
Beds-5 Baths-5 SqFt: 4423
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 almost every l MORE
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605 Skimmer Arch, Corolla
Asking: $1,799,000
Beds-6 Baths-4 SqFt: 3425
OCEANFRONT, Wild Hearts at Ocean Sands is the perfect turnkey investment. Over 3425 sq. feet with easy cleaning and maintenance. 6 bedrooms, 4 baths and outside shower. Reverse floor pl MORE
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364 Deep Neck Road, Corolla
Asking: $1,799,000
Beds-6 Baths-4 SqFt: 3333
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. Situated on a very qu MORE
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285 Whites Point, Corolla
Asking: $1,900,000
Beds-5 Baths-5 SqFt: 3157
Enjoy BOTH ocean and sound views from this stunning semi-oceanfront home in Corolla's award-winning neighborhood of Pine Island! This beautifully appointed home is spacious and bright, MORE
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614 Tern Arch, Corolla
Asking: $1,900,000
Beds-8 Baths-8 SqFt: 4664
Fantastic opportunity to own a solid investment property priced right! Fintastic Views is a semi-oceanfront with near oceanfront views! This turnkey property has gorgeous views, tastefu MORE
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1271 Sandcastle Drive, Corolla
Asking: $1,999,000
Beds-5 Baths-4 SqFt: 3106
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 Dunes. Good Ren MORE
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868 Lighthouse Drive, Corolla
Asking: $1,999,999
Beds-8 Baths-7 SqFt: 4580
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 community. You'll love MORE
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610 Wave Arch, Corolla
Asking: $1,999,999
Beds-8 Baths-8 SqFt: 3550
Built in 2016, this semi oceanfront feels like an oceanfront within 75 feet from the beach. Winner of People's Choice Award in 2017 Parade of Homes, this stunning 3550 sf property has t MORE
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989 N Harbor View, Corolla
Asking: $1,999,999
Beds-9 Baths-9 SqFt: 4836
This upscale, custom-built Corolla Shores vacation home showcases over 4800 square feet of style and luxury. “Coastal Oasis” boasts a reverse, open flow design, 9 spacious en MORE
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973 Lighthouse Drive, Corolla
Asking: $2,149,000
Beds-4 Baths-3 SqFt: 1809
This charming Oceanfront Cottage beckons you in with its landscaped yard and ample parking. Reminiscent of days when spending a beach week on the Outer Banks was like heading to the edg MORE
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1255 Atlantic Avenue, Corolla
Asking: $2,150,000
Beds-6 Baths-6 SqFt: 3737
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 Living & Dining MORE
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603 Wave Arch, Corolla
Asking: $2,199,000
Beds-6 Baths-5 SqFt: 3512
Oceanfront with Pool and Elevator in Ocean Lakes Community. Wide Beaches and Beautiful views. Three Master Suites, Hardie Plank Siding and Fireplaces. Good Protective Oceanfront Dunes. MORE
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623 Topsail Arch, Corolla
Asking: $2,199,000
Beds-8 Baths-8 SqFt: 3928
Outstanding new construction with panoramic ocean views! This beautiful home was completed mid July 2022 and is now ready for your enjoyment! Situated on the common land (open space) MORE
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991 Whalehead Drive, Corolla
Asking: $2,199,000
Beds-9 Baths-9 SqFt: 6054
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, strong and consiste MORE
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1293 Sandcastle Drive, Corolla
Asking: $2,250,000
Beds-7 Baths-5 SqFt: 3895
Ocean views abound at this 7 bedroom home in northern Corolla. Located on a huge, elevated oceanfront lot, this home was lovingly used only as a second home, and the house is NOT curren MORE
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1036 Lighthouse Drive, Corolla
Asking: $2,299,000
Beds-9 Baths-8 SqFt: 4828
You will not want to miss this amazing semi-oceanfront home in the popular Whalehead subdivision! This one has it all and is the perfect rental investment opportunity with a strong rent MORE
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500 Seashell Lane, Corolla
Asking: $2,300,000
Beds-5 Baths-5 SqFt: 3602
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 story house tha MORE
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1281 Sandcastle Drive, Corolla
Asking: $2,375,000
Beds-7 Baths-5 SqFt: 3735
The pinnacle of oceanfront living in the highly coveted community, The Villages at Ocean Hill! Enjoy panoramic ocean views from this renovated home, situated on a spacious 21,000 sq ft. MORE
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511 Breakers Arch, Corolla
Asking: $2,450,000
Beds-11 Baths-11 SqFt: 6222
Updated, remodeled, renovated and ready to go. Tremendous rental income on the books this year, again! $260,000 on the books with adding back in an owners' prime week at the end of June MORE
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771 Voyager Road, Corolla
Asking: $2,490,000
Beds-6 Baths-5 SqFt: 4472
Stunning Corolla oceanfront renovation in the highly coveted Buck Island neighborhood. Most every aspect on the inside has been updated including all new interior paint, flooring throu MORE
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472 Land Fall Court, Corolla
Asking: $2,695,000
Beds-8 Baths-6 SqFt: 5762
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, direct beach acce MORE
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1247 Atlantic Avenue, Corolla
Asking: $2,699,000
Beds-5 Baths-3 SqFt: 4702
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! Custom architectural woodwork, includ MORE
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1209 Atlantic Avenue, Corolla
Asking: $2,900,000
Beds-5 Baths-6 SqFt: 5000
Simply Wonderful ...... An exceptionally beautiful, light-filled Oceanfront Home. This home was designed by the owners to maximize Ocean, Beach and Lighthouse Views. The spacious fron MORE
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952 Lighthouse Drive, Corolla
Asking: $3,000,000
Beds-12 Baths-12 SqFt: 6438
This home is a spectacular semi-oceanfront with 12 bedrooms, 12 baths and 2 half baths. You will find everything you need for a family vacation. Top floor is open and bright with excell MORE
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1201 Atlantic Avenue, Corolla
Asking: $3,400,000
Beds-6 Baths-6 SqFt: 3690
Oceanfront estate boasting unparalleled views of the Atlantic Ocean & Currituck Lighthouse throughout! Situated at the end of a quiet cul-de-sac on an oversized parcel in the Ocean Hill MORE
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259 Ballast Point, Corolla
Asking: $3,475,000
Beds-7 Baths-8 SqFt: 5705
High end, well maintained Oceanfront Home. Originally built for second home luxury. Elevated, preferred X Flood Zone location. 100 feet of unobstructed ocean views. Private ocean bea MORE
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411 Great Gap Point, Corolla
Asking: $3,999,000
Beds-9 Baths-9 SqFt: 4815
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 separate venues i MORE
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500 Breakers Arch, Corolla
Asking: $5,000,000
Beds-12 Baths-12 SqFt: 6190
Your Outer Banks dream oceanfront investment is waiting! This brand new construction, turn-key property boasts quality construction, thoughtful design, fantastic flow, and an amazing lo MORE
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1001 Lighthouse Drive, Corolla
Asking: $5,500,000
Beds-11 Baths-11 SqFt: 5500
Escape to "Risen Son" Luxury! this home features 11 bedrooms, 11 full and 3 half baths. Take in the ocean views and breeze from the top deck which oversees the ocean, swimming pool, hot MORE
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101 Station One Lane, Corolla
Asking: $11,000,000
Beds-9 Baths-10 SqFt: 10967
A WELCOME RESPITE - The OUTER BANKS PREMIER LUXURY OCEANFRONT ESTATE! In the picturesque northern Outer Banks where the Atlantic Ocean and Currituck Sound nearly unite, there is a stunn MORE
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3311 N Virginia Dare Trail, Kill Devil Hills
Asking: $1,297,500
Beds-4 Baths-2 SqFt: 1288
**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 property, this home ha MORE
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803 S Virginia Dare Trail, Kill Devil Hills
Asking: $4,600,000
Beds-12 Baths-11 SqFt: 8200
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 porti MORE
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507 N Virginia Dare Trail, Kill Devil Hills
Asking: $4,995,000
Beds-12 Baths-10 SqFt: 6804
Beautiful oceanfront home in the OBX. Functional open floorplan that people love, elevator, 12 bedrooms, movie theatre, private pool, tiki bar, pool house with bathroom, new sauna, 668 MORE
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915 S Virginia Dare Trail, Kill Devil Hills
Asking: $6,295,000
Beds-20 Baths-20 SqFt: 11210
RENTAL PARADISE. This 20 bedroom home has everything you need for the perfect vacation. With over 11,000 square feet there is plenty of room to spread out in the home or outside in the MORE
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62 Ocean Boulevard, Southern Shores
Asking: $7,400,000
Beds-7 Baths-7 SqFt: 5220
“GLORY” …The Ocean Front estate designed as one of the finest built homes on the East Coast. Beauty beyond the skin to the core of the framework. Structural integrity amp MORE
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