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.

100 E Tides Drive, Duck
Asking: $629,900
Beds-3 Baths-2 SqFt: 1280
Amazing oceanside home with extensive remodel and updates with everything new located in Duck NC. Take a stroll down the Duck multi use path into town to enjoy shopping and restaurant MORE
Call Agent 800-647-1868

107 Marlin Drive, Duck
Asking: $789,900
Beds-4 Baths-2 SqFt: 2260
Located in the heart of the Village of Duck, this home is just a short walk to the beach, the boardwalk, restaurants, and shoppes. The top floor has astounding views of the sound and a MORE
Call Agent 800-647-1868

134 Seabreeze Drive, Duck
Asking: $829,000
Beds-5 Baths-3 SqFt: 1800
Built Solid, this classic Duck 5 Bedroom oceanside house with a private pool is close to the beach, you can park your car and enjoy the easy walk downtown to all Duck Restaurants, ameni MORE
Call Agent 800-647-1868

104 Sprigtail Drive, Duck
Asking: $849,000
Beds-5 Baths-4 SqFt: 2226
Don't miss the chance to see this bright, funky & fresh oceanside retreat, "Margarita Key." Nestled on a quiet street in the sought after community of Carolina Dunes in Duck, this home MORE
Call Agent 800-647-1868

101 E Sea Hawk Drive, Duck
Asking: $927,500
Beds-6 Baths-6 SqFt: 3699
The Sands is a spacious home on a large, fenced corner lot conveniently located close to the shops and restaurants of Duck Village. Good rental performance and $5520 already scheduled f MORE
Call Agent 800-647-1868

139 Scarborough Lane, Duck
Asking: $1,250,000
Beds-7 Baths-7 SqFt: 3170
Tropical Illusion is in a perfect location in the heart of Duck! Just a couple minutes walk to the beach, or to Duck Village for shopping, restaurants or sunsets. This 7 bedrooms (4 kin MORE
Call Agent 800-647-1868

152 Whistling Swan Drive, Duck
Asking: $1,325,000
Beds-6 Baths-6 SqFt: 4461
This custom built home sits on a lot that is 28 feet above sea level, resulting in stunning views of the ocean, the sound, and the village of Duck. The first floor features a game room MORE
Call Agent 800-647-1868

104 Olde Duck Road, Duck
Asking: $1,379,000
Beds-7 Baths-6 SqFt: 3000
Location! Location! Location! This popular vacation rental home is in an oceanside neighborhood, has beautiful views of the Currituck Sound and is walking distance to all the attraction MORE
Call Agent 800-647-1868

119 Duck Landing Lane, Duck
Asking: $1,715,000
Beds-7 Baths-7 SqFt: 4122
Sleek renovation with panoramic views! This 7 bedroom fortress is perched on high ground offering expansive views of Duck's pristine beaches. Automated window treatments on the top lev MORE
Call Agent 800-647-1868

100 Marlin Drive, Duck
Asking: $1,998,800
Beds-5 Baths-5 SqFt: 6493
Located in the heart of Duck the Saltaire is the pinnacle of gracious luxury and ease. From this remarkable estate it is effortless to take a walk to the beach down a private road that MORE
Call Agent 800-647-1868

171 Four Seasons Lane, Duck
Asking: $1,999,000
Beds-7 Baths-6 SqFt: 3800
PROJECTED TO DO OVER $186K IN ANNUAL INCOME! Stunning ocean views abound from this comfortable, well-designed home just steps from the beach in the coveted neighborhood of Four Seasons MORE
Call Agent 800-647-1868

118 N Baum Trail, Duck
Asking: $10,750,000
Beds-12 Baths-12 SqFt: 9893
One of the most well-appointed and premier homes on the Outer Banks, this oceanfront estate is almost 10,000 sq ft of living space and was constructed in 2018 in the world-class Palmer MORE
Call Agent 800-647-1868

3605 S Virginia Dare Trail, Nags Head
Asking: $1,299,000
Beds-3 Baths-1 SqFt: 950
Old Nags Head Style Oceanfront cottage on a premier oceanfront lot! Location, location location! This vintage cottage is located just south of the Nags Head Fishing Pier and close to MORE
Call Agent 800-647-1868

6325 S Virginia Dare Trail, Nags Head
Asking: $1,299,900
Beds-5 Baths-3 SqFt: 2250
Location, Location, Location!!! Longview Cottage, appropriately named with it's breathtaking views of the Atlantic Ocean, wide sandy beaches and inviting dune top deck. Open living on t MORE
Call Agent 800-647-1868

3705 S Virginia Dare Trail, Nags Head
Asking: $1,329,000
Beds-5 Baths-4 SqFt: 2841
A wonderful oceanfront property awaits with sensational ocean views! Solid bones ready for a Buyer's refresh on interior touches! 5 spacious bedrooms, 2 of which are Master Suites, Elev MORE
Call Agent 800-647-1868

2605 S Virginia Dare Trail, Nags Head
Asking: $2,750,000
Beds-12 Baths-12 SqFt: 6037
Owner income of $260k provides an estimated $65k annual POSITIVE cash flow with 25% down! The ultimate Nags Head beach experience awaits you in this beautiful 12-bedroom oceanfront hom MORE
Call Agent 800-647-1868

1004 Whalehead Drive, Corolla
Asking: $689,000
Beds-4 Baths-3 SqFt: 1737
Great 4 bedroom, 3 bath home just 3 lots to ocean. 200 ft. to Herring direct beach access. Private pool, spa, tiki bar. Lots of wide decks. Windows, Hot water heater, HVAC, kitchen sink MORE
Call Agent 800-647-1868

824 Corolla Drive, Corolla
Asking: $698,900
Beds-3 Baths-2 SqFt: 1695
Sitting high above the crowds, you will feel at home as soon as you walk in. The home is clean, decorated nicely with an open and airy aura and some ocean view. The location is superb MORE
Call Agent 800-647-1868

545 White Whale Way, Corolla
Asking: $699,000
Beds-4 Baths-2 SqFt: 1436
Perched atop the highest dune within Corolla's Ocean Sands Community, there's no denying the heady "Salt Eire" as you gaze out over mesmerizing unending views of the constantly rolling MORE
Call Agent 800-647-1868

784 W Meeting Street, Corolla
Asking: $729,000
Beds-4 Baths-3 SqFt: 2296
This elegant single family home sits on a tree-lined street in the highly desirable community of Buck Island, just a short walk, golf cart or bike ride to the community beach access and MORE
Call Agent 800-647-1868

953 Whalehead Drive, Corolla
Asking: $749,000
Beds-5 Baths-5 SqFt: 3743
Ocean views and plenty of room to entertain at this Whalehead 5 bedroom, 5 bath private vacation home. Enjoyed exclusively by the owners and their family and friends, this property has MORE
Call Agent 800-647-1868

760 Lakeshore Court, Corolla
Asking: $749,900
Beds-5 Baths-4 SqFt: 2587
When you simply need to get away nothing is better then simply having "Gone Coastal". "Gone Coastal" has everything necessary for a terrific rental property on the Outer Banks. This fi MORE
Call Agent 800-647-1868

758 Crown Point Circle, Corolla
Asking: $749,900
Beds-6 Baths-4 SqFt: 2450
Sunshine and Day Dreaming is what you will find in this appropriately named Beach House. Well maintained and thoughtfully cared for. Plenty of room for family & friends with 6 bedroom MORE
Call Agent 800-647-1868

762 Bayberry Court, Corolla
Asking: $799,900
Beds-6 Baths-5 SqFt: 2900
Well Maintained Oceanside home with your own pool located approx. 450 yards to the beach! With its large open floor plan, the top floor boasts a light & bright living room complete wit MORE
Call Agent 800-647-1868

874 Whalehead Drive, Corolla
Asking: $809,900
Beds-5 Baths-3 SqFt: 1914
$55K for 2020 & $51K for 2021 (blocked time to replace siding) * New Siding * New Hot tub * Pool recently installed * Beautiful outdoor space * Great Rentals This five (5) bedroom, th MORE
Call Agent 800-647-1868

724 Spinnaker Arch, Corolla
Asking: $850,000
Beds-5 Baths-4 SqFt: 2774
Adorable & well maintained coastal retreat boasting horizon views, updated interior, and desired amenities throughout! With a screened porch, two master suites, both sun & covered decks MORE
Call Agent 800-647-1868

1066 Lighthouse Drive, Corolla
Asking: $895,000
Beds-4 Baths-3 SqFt: 2690
Don't miss the opportunity for ownership in the sought after Whalehead community of Corolla. With 4 bedrooms, 3 baths, a private pool, hot tub, and spacious decks surrounding, this home MORE
Call Agent 800-647-1868

1255 Stillwind Court, Corolla
Asking: $899,000
Beds-5 Baths-5 SqFt: 2874
Enjoy all that owning a beach home has to offer with this five bedroom, five bathroom beauty that is only a short walk to the beach. Located in a community that offers many amenities in MORE
Call Agent 800-647-1868

627 Wave Arch, Corolla
Asking: $925,000
Beds-7 Baths-4 SqFt: 2520
Turn-key Ocean Lakes (section O) of Ocean Sands vacation home now available! Fresh and well-maintained, this property features 7 bedrooms (2 en suite), 4 bathrooms, reverse floor plan, MORE
Call Agent 800-647-1868

770 Bayberry Court, Corolla
Asking: $930,000
Beds-7 Baths-7 SqFt: 3600
Rental Gem! Well maintained 7 Bedrooms/7 Full Baths/ 2 Half Baths. Ocean side corner lot with private pool. Minutes to the beach. Large open floor plan. MORE
Call Agent 800-647-1868

606 Ocean Front Arch, Corolla
Asking: $989,900
Beds-7 Baths-4 SqFt: 3320
Don't miss out on this exceptional semi-oceanfront home in highly coveted Section O. The top-level offers ocean views inside and out. Relax in the hot tub, enjoy the sun on the top deck MORE
Call Agent 800-647-1868

754 Cormorant Trail, Corolla
Asking: $998,900
Beds-7 Baths-8 SqFt: 4668
The spacious floor plan and guest friendly layout make Happy Haven a must-see! It’s an easy walk past the tennis courts to the ocean beach access. Back at home you and your guests MORE
Call Agent 800-647-1868

767 Gulfstream Court, Corolla
Asking: $1,000,000
Beds-7 Baths-6 SqFt: 3044
With an extremely thought out custom build, this secluded 3 story coastal vacation home is a rental powerhouse! Located on the ocean side of Route 12, you are only 6 mins from ocean acc MORE
Call Agent 800-647-1868

982 Whalehead Drive, Corolla
Asking: $1,050,000
Beds-7 Baths-6 SqFt: 3297
Beautiful, spacious, unique design home in the very sought after neighborhood of Whalehead Club. Short walk to the beautiful beaches of Whalehead. This home has "room for everyone". MORE
Call Agent 800-647-1868

450 North Cove Road, Corolla
Asking: $1,099,000
Beds-7 Baths-5 SqFt: 3345
You won’t want to miss this beautiful, updated Pine Island property, just steps to the beach with ocean views! New roof is scheduled Oct. 2021. Top level of this lovely home is lig MORE
Call Agent 800-647-1868

715 Spinnaker Arch, Corolla
Asking: $1,100,000
Beds-4 Baths-2 SqFt: 1840
SEMI-OCEANFRONT opportunity in Ocean Sands, Section Q!! Charming SEMI-OF beach home just steps from the Atlantic ocean!! Well maintained two-story home with multi level decking, huge s MORE
Call Agent 800-647-1868

928 Whalehead Drive, Corolla
Asking: $1,150,000
Beds-7 Baths-6 SqFt: 3080
Take a look at this Ocean side Corolla stunner featuring 7 Bedrooms, 6 and 1/2 Baths, with private swimming pool, game room and Ocean views! All of this only 3 lots from the beach, and MORE
Call Agent 800-647-1868

789 W Meeting Street, Corolla
Asking: $1,250,000
Beds-8 Baths-8 SqFt: 3841
Welcome to 789 W Meeting Street – a beach house dream come true. Located in the stylish and sophisticated community of Buck Island, this 8-bedroom, 8 ½ bathroom quality built ho MORE
Call Agent 800-647-1868

603 Saltspray Court, Corolla
Asking: $1,272,500
Beds-5 Baths-4 SqFt: 3468
***COROLLA OCEAN FRONT*** Rare views! Tons of ocean facing decks! The name says it all - A Special Place. This home has been meticulously maintained & updated by the same owners for de MORE
Call Agent 800-647-1868

904 Lighthouse Drive, Corolla
Asking: $1,375,000
Beds-8 Baths-7 SqFt: 3748
This one has it all … SEMI-OCEANFRONT LOCATION, GREAT FLOOR PLAN & SOLID RENTAL INCOME. Located just two lots to a beach access, this spacious home includes an open great room, gam MORE
Call Agent 800-647-1868

902 Lighthouse Drive, Corolla
Asking: $1,450,000
Beds-6 Baths-4 SqFt: 3850
Semi-Oceanfront in Whalehead with Ocean Views located one lot away from the Coral Street Beach Access. Elegantly designed from top to bottom with mostly new furniture throughout. This MORE
Call Agent 800-647-1868

795 Mercury Road, Corolla
Asking: $1,499,000
Beds-7 Baths-6 SqFt: 3880
795 Mercury Road; a rare 7 bedroom opportunity within the prestigious Corolla community of Buck Island, offering 7 bedrooms, 7 baths, with private pool & spa, recreation / pool table ro MORE
Call Agent 800-647-1868

1060 Whalehead Drive, Corolla
Asking: $1,650,000
Beds-9 Baths-9 SqFt: 5436
This popular rental machine can hold a large crowd inside or outside with plenty of room. Outdoor space includes pool, deck, hot tub and tiki bar. Large great room with gourmet Kitche MORE
Call Agent 800-647-1868

1215 Atlantic Avenue, Corolla
Asking: $1,900,000
Beds-7 Baths-6 SqFt: 3695
Unbelievable Ocean Views from this beautiful Corolla OceanFront 7 bedroom home! Spectacular Ocean Views can be enjoyed from the top level and also from the midlevel and Pool Area. Top l MORE
Call Agent 800-647-1868

1101 Franklyn Street, Corolla
Asking: $1,945,125
Beds-6 Baths-6 SqFt: 4089
Enjoy panoramic ocean views in this beautiful light-filled ocean vacation home located in Corolla Light on a high lot offering fantastic views. Enjoy the newly updated Kitchen and many MORE
Call Agent 800-647-1868

473 Land Fall Court, Corolla
Asking: $2,230,000
Beds-6 Baths-6 SqFt: 4223
The only oceanfront residence in The Currituck Club, this home has it all! Amazing ocean views, refined decor, elevator, a HUGE POOL, hot tub, six oversized bedrooms (five with en suite MORE
Call Agent 800-647-1868

1105 Carotank Drive, Corolla
Asking: $2,250,000
Beds-7 Baths-7 SqFt: 3942
Rare opportunity for ownership in the Historic Corolla Village on a spacious semi-oceanfront parcel just steps to the beach, Currituck Beach Lighthouse, Whalehead Club & Currituck Herit MORE
Call Agent 800-647-1868

1247 Atlantic Avenue, Corolla
Asking: $2,295,000
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 & in a No Flood Zone! Custom architectural woodwork is found MORE
Call Agent 800-647-1868

467 Pipsis Point Road, Corolla
Asking: $2,495,000
Beds-6 Baths-4 SqFt: 3400
Pine Island. Oceanfront. Phenomenal Rental History. That's probably all we need to say about this 6-bedroom 4 and 1/2-bath home, but we'll give you a little more. Properties like this j MORE
Call Agent 800-647-1868

945 Lighthouse Drive, Corolla
Asking: $2,495,000
Beds-7 Baths-6 SqFt: 4631
Here is your opportunity to own a piece of pristine shoreline in Whalehead Beach. If you have ever visited Corolla, you know that Whalehead is famous for its wide, sandy beaches, close MORE
Call Agent 800-647-1868

125 Salt House Road, Corolla
Asking: $2,799,000
Beds-6 Baths-5 SqFt: 4378
Breathtaking ocean and sound views can be yours with this 6 bedroom, 5.5 bath home located in prestigious Pine Island. This exquisite home features a large open floor plan, cathedral c MORE
Call Agent 800-647-1868

117 Cadwall Road, Corolla
Asking: $2,888,000
Beds-6 Baths-6 SqFt: 4362
Welcome to Carolina Sunset! Many oceanfront homes have a wonderful view of the ocean and of the sun rising over it in the morning, but only a select few can say that they also have a su MORE
Call Agent 800-647-1868

985 Lighthouse Drive, Corolla
Asking: $2,950,000
Beds-6 Baths-5 SqFt: 4013
Sea Oats Cottage is a gorgeous 6BR/5.5BA Corolla Oceanfront home located on a premium homesite in the extremely desirable Whalehead subdivision. Quality built by Olin Finch for maximum MORE
Call Agent 800-647-1868

133 Salt House Road, Corolla
Asking: $3,133,000
Beds-6 Baths-7 SqFt: 4365
Spectacular Spectacular! This is what you will find at Cabana Beach! The best of the oceanfront in Pine Island ~ magnificent ocean to sound views protected by a robust and healthy dune MORE
Call Agent 800-647-1868

179 Cottage Cove Road, Corolla
Asking: $3,199,900
Beds-7 Baths-7 SqFt: 6192
Consistent Rental Machine - Over 182K booked for 2022 already. This home is a true and rare beauty, located in the quaint coastal community of Pine Island in Corolla. It features unpara MORE
Call Agent 800-647-1868

871 Lighthouse Drive, Corolla
Asking: $3,250,000
Beds-8 Baths-8 SqFt: 5185
Corolla Oceanfront Beauty with breathtaking views of the Atlantic Ocean. Well constructed and perfectly maintained, this spacious oceanfront home is the one you have been waiting for. W MORE
Call Agent 800-647-1868

948 Lighthouse Drive, Corolla
Asking: $3,300,000
Beds-12 Baths-12 SqFt: 6295
“TURN-KEY” RENTAL READY ELEGANT ESTATE TO BE BUILT NEW CONSTRUCTION 12 B/R, 12.2 BATH HOME TO BE BUILT AT 948 LIGHTHOUSE DR. ON A CORNER LOT OFFERING THE HIGHEST SEMI-OCEANFRO MORE
Call Agent 800-647-1868

609 Tide Arch, Corolla
Asking: $3,375,000
Beds-9 Baths-8 SqFt: 4680
Beautiful 9 Bedroom Corolla Oceanfront with Incredible Ocean Views with direct beach access Huge Pool! Elevator and Theater Room! Home Rents incredibly well...with over $313,000 adverti MORE
Call Agent 800-647-1868

277 Whites Point, Corolla
Asking: $3,399,000
Beds-10 Baths-10 SqFt: 5694
Beautifully renovated by Olin Finch over the past 2 years! This home underwent a complete transformation with the addition of 700+square feet, new pool, new light fixtures, professiona MORE
Call Agent 800-647-1868

453 Pipsis Point Road, Corolla
Asking: $3,499,000
Beds-6 Baths-6 SqFt: 5701
This is one Pine Island home you do not want to miss. Check out the ocean views from the mid-level Foyer! Located on a high elevation 100’ wide oceanfront homesite “Felicityâ MORE
Call Agent 800-647-1868

193 Hicks Bay Lane, Corolla
Asking: $3,800,000
Beds-8 Baths-8 SqFt: 5464
Spectacular 8 bedroom oceanfront with ocean to sound views. This house was totally updated in 2018. A gourmet kitchen with double refrigerators, 2 ovens, 2 dishwashers, 2 under counte MORE
Call Agent 800-647-1868

1061 Lighthouse Drive, Corolla
Asking: $3,999,000
Beds-9 Baths-8 SqFt: 4896
NEW WOOD FLOORS BEING INSTALLED IN BEDROOMS IN OCT 2021 AND ALL OTHER FLOORS ARE BEING REFINISHED. This luxurious oceanfront home was built by Mancuso Development in 2015 and has all th MORE
Call Agent 800-647-1868

913 Lighthouse Drive, Corolla
Asking: $4,600,000
Beds-12 Baths-12 SqFt: 6185
Fantastic Advertised Rate Income 2021: $437,412.75 and with Owner Weeks Added $484,258. "Lighthouse Twelve"….Simply Wonderful ….... Being on the Ocean at Lighthouse Twelve, g MORE
Call Agent 800-647-1868

225 Hicks Bay Lane, Corolla
Asking: $4,800,000
Beds-9 Baths-10 SqFt: 7508
Heels in The Sand located in the most prestigious area of Corolla offers unsurpassed panaromic views of the Ocean and Sound. These mesmerizing views only enhance the archtechural beaut MORE
Call Agent 800-647-1868

203 Hicks Bay Lane, Corolla
Asking: $5,999,000
Beds-9 Baths-9 SqFt: 6488
Oceanfront 9 BR 9.5 Bath Rental Machine with a lovely pool and unobstructed ocean to sound views, overlooking the lowest density beach on the OBX. Gourmet Kitchen by Cozy Kitchens in 20 MORE
Call Agent 800-647-1868

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
Call Agent 800-647-1868

1013 N Virginia Dare Trail, Kill Devil Hills
Asking: $1,990,000
Beds-8 Baths-5 SqFt: 4641
Oceanfront, Vacation Rental Home on a deep road to ocean lot with reverse floor plan presents panoramic views of pristine beach and Atlantic Ocean from spacious living room with wall to MORE
Call Agent 800-647-1868

1003 N Virginia Dare Trail, Kill Devil Hills
Asking: $2,750,000
Beds-10 Baths-10 SqFt: 5811
OVER $272,000 BOOKED FOR 2021 IN 31 WEEKS AND $275,590 PRE-BOOKED FOR 2022 IN JUST 27 WEEKS! THIS HOUSE SHOULD DO OVER $280K. Oceanfront estate with ten bedrooms and amenities galore. O MORE
Call Agent 800-647-1868

807 S Virginia Dare Trail, Kill Devil Hills
Asking: $3,995,000
Beds-12 Baths-12 SqFt: 8200
KDH Paradise is an amazing oceanfront 12 bed 13 bath estate with incredible rental income YTD $375k+. Spacious layout, beautiful furnishings, vivid ocean views and top of the line amen MORE
Call Agent 800-647-1868

172 Duck Road, Southern Shores
Asking: $599,900
Beds-3 Baths-3 SqFt: 1880
Coastal Cottage charm on one level living which is a rare find for Southern Shores ocean side area! It is also an added bonus to be in an area with no flood insurance required!! Brand n MORE
Call Agent 800-647-1868

31 Circle Drive, Southern Shores
Asking: $769,000
Beds-3 Baths-3 SqFt: 1885
MOTIVATED SELLERS! This adorable seaside charmer is situated on a nicely landscaped wooded lot in the desirable area of Southern Shores, only steps to the beach, where you can even hear MORE
Call Agent 800-647-1868

52 Ocean Boulevard, Southern Shores
Asking: $1,899,000
Beds-5 Baths-5 SqFt: 4132
Fabulous oceanfront home in beautiful Southern Shores. Huge .71 acre lot with 100 ft. of ocean frontage. Beautiful wide beach, walkway from back deck to dune top deck on the big fluffy MORE
Call Agent 800-647-1868

188 Ocean Boulevard, Southern Shores
Asking: $3,499,000
Beds-9 Baths-7 SqFt: 5032
Endless Summers....we all want them and now you can make it a reality. This Coastal Retreat is making over 314,000 in 2021 and guests rave about all it offers year after year. A True Lu MORE
Call Agent 800-647-1868

3 N Ninth Avenue, Kitty Hawk
Asking: $6,300,000
Beds-8 Baths-6 SqFt: 5911
This custom-designed 3 story vacation home sitting on one of OBX’s most premier lots features unobstructed views from the south, impressive 26 ft Berm protecting home from storm su MORE
Call Agent 800-647-1868

Outer Banks Investment Homes
Corolla Investment Homes
Southern Shores Investment Homes
Kill Devil Hills Investment Homes
Nags Head Investment Homes
Duck Investment Homes