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.

124 Marlin Drive, Duck
Asking: $585,000
Beds-4 Baths-2 SqFt: 1212
4 bedroom beach house located in the heart of Duck. Easy access to the beach or the foot/bike path into town for shopping and restaurants. MAIN LEVEL features updated kitchen, dining ro MORE
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112 Poteskeet Drive, Duck
Asking: $695,000
Beds-4 Baths-2 SqFt: 1594
Enjoy owning a well-maintained home in Duck where you can park your car and walk to all the wonderful amenities that the Village of Duck has to offer: Beach, soundside walkway, shops, r MORE
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106 Buffell Head Road, Duck
Asking: $700,000
Beds-4 Baths-2 SqFt: 1270
Location, Location, Location! This Carolina Dunes cottage is perched high up which provides sensational views! Located just 140 feet from the beach access, this 4 Bedroom, 2 Bath semi MORE
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122 Ocean Bay Boulevard, Duck
Asking: $725,000
Beds-4 Baths-4 SqFt: 1736
Adorable beach house located approximately 100 yards to the beautiful & uncrowded beaches of Duck! No roads to cross just grab your chair and head to the beach! This home offers better MORE
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186 Schooner Ridge Drive, Duck
Asking: $759,000
Beds-4 Baths-3 SqFt: 2432
Nice ocean views from top decks. House sits up high in the schooner ridge subdivision. Owners have kept up the house and does maintenance as needed. This is a modern built home with ple MORE
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139 Skimmer Way, Duck
Asking: $825,000
Beds-4 Baths-2 SqFt: 1680
Sanderling's perfect property. Imagine driving through a canopy of live oaks covering the road from both sides providing you shade and serenity. Imagine getting to a fork in the road MORE
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127 Scarborough Lane, Duck
Asking: $839,000
Beds-5 Baths-4 SqFt: 2262
You will fall in Love with the location of this Sweet home on Scarborough Lane! This is one of my favorite streets in Duck. Beautiful homes, large lots, community pool & tennis courts MORE
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104 Sprigtail Drive, Duck
Asking: $899,000
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
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104 Duck Landing Lane, Duck
Asking: $995,000
Beds-6 Baths-5 SqFt: 2685
In the heart of Duck, this consistently strong rental income producer in the very popular Duck Landing neighborhood will not disappoint. This 6 bedroom (4 ensuites) home features an op MORE
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108 Duck Landing Lane, Duck
Asking: $1,050,000
Beds-5 Baths-5 SqFt: 2460
Exceptionally maintained home right in the heart of the Village of Duck. Walking distance to shops and Restaurants. The owners make updates every year! Four master suites. Ground level MORE
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114 Flight Drive, Duck
Asking: $1,100,000
Beds-5 Baths-5 SqFt: 3184
This stunning Duck home has been expertly maintained. This home has all the classics of a well built and designed beach home. From wrap around decks, 16x32 saltwater pool, 5 full mast MORE
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117 Duck Ridge Village Court, Duck
Asking: $1,199,000
Beds-6 Baths-5 SqFt: 4865
SHOWSTOPPER IN THE HEART OF DUCK!! STUNNING, CUSTOM BUILT HOME! STEP INTO THE LUXURIOUS AQUATERRA... designed to be the perfect family home and a rental machine for changing lifestyle MORE
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115 Sand Castle Court, Duck
Asking: $1,200,000
Beds-4 Baths-4 SqFt: 2823
Here is the unique opportunity you have been waiting for!!! Elevated more than 40' above sea level and set in the desirable Sea Ridge Community in Duck, Pelican Peak boasts COMPLETE 36 MORE
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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
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110 Marlin Drive, Duck
Asking: $1,454,777
Beds-6 Baths-5 SqFt: 3600
Old Nags Head style oasis situated on a highly elevated lot with views of the ocean & sound in the heart of Duck! With 6 bedrooms, 5.5 baths, and a wide array of amenities from an in-ho MORE
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167 Four Seasons Lane, Duck
Asking: $1,899,000
Beds-8 Baths-8 SqFt: 3476
Enjoy Beautiful views of the Atlantic Ocean from this 8 bedroom, 8 1/2 bath semi-oceanfront home in the prestigious Four Seasons Community. Home features open great room, wrap around d MORE
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171 Four Seasons Lane, Duck
Asking: $2,050,000
Beds-7 Baths-6 SqFt: 3800
Stunning ocean views abound from this comfortable, well-designed home just steps from the beach in the coveted neighborhood of Four Seasons in Duck. Directly across from beach access, t MORE
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102 Lala Court, Duck
Asking: $2,500,000
Beds-10 Baths-10 SqFt: 5698
This is a rare opportunity to own a home of this size and capacity in the Town of Duck! Enjoy ocean views and direct ocean access to the beach without the additional risk and maintenanc MORE
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143 Buffell Head Road, Duck
Asking: $2,999,950
Beds-8 Baths-8 SqFt: 5733
RENTAL INCOME OVER $300,000! ROI OVER 10%! STUNNING CUSTOM FINISHES! This home will truly amaze and delight you and your guests! With well over 5,000 sq ft of living space, 8 bedro MORE
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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
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3719 S Virginia Dare Trail, Nags Head
Asking: $1,149,000
Beds-4 Baths-1 SqFt: 1000
AN OUTER BANKS CLASSIC!! EXPERIENCE AN OUTER BANKS ORIGINAL BEACH HOME IN THE HISTORIC DISTRICT OF NAGS HEAD! SUCH AN AMAZING LOCATION WITH UNCROWDED BEACHES, SPECTACULAR VIEWS, ACROS MORE
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3709 S Virginia Dare Trail, Nags Head
Asking: $1,775,000
Beds-6 Baths-4 SqFt: 2998
*** Ocean Front *** Nags Head *** Fresh Remodel*** Must See*** Low upkeep costs***Tons of decking*** This home has underwent a major remodel in recent months and the rental income has MORE
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7121 S Virginia Dare Trail, Nags Head
Asking: $2,380,000
Beds-8 Baths-9 SqFt: 4850
Experience the sunrise and sunset over the water in this 8 ensuite bedroom oceanfront home just steps away from Jenette's Pier. Designed by renowned architect Ralph Lassiter, this thoug MORE
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7123 S Virginia Dare Trail, Nags Head
Asking: $2,410,000
Beds-8 Baths-9 SqFt: 4850
Ocean and sound views from this retreat very close to Jeannette's Pier. Professionally decorated and designed with top notch finishes. Interior features include 8 inviting ensuites, an MORE
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4931 S Virginia Dare Trail, Nags Head
Asking: $2,540,000
Beds-8 Baths-9 SqFt: 4969
This custom built Outer Banks oceanfront home was designed to grant every vacationers wish list. “Satisfaction” far and away exceeds expectations. The top floor great room sh MORE
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2605 S Virginia Dare Trail, Nags Head
Asking: $2,750,000
Beds-12 Baths-12 SqFt: 6037
Estimated $65k annual POSITIVE cash flow with 25% down! The ultimate Nags Head beach experience awaits you in this beautiful 12-bedroom oceanfront home. “The Stars” is conven MORE
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748 Fish Crow Court, Corolla
Asking: $575,000
Beds-4 Baths-3 SqFt: 1951
Meticulously well maintained oceanside retreat in the heart of Corolla! This 4 bedroom 3.5 bath home has been gently used & dearly loved by the owner & her family since purchasing. Nest MORE
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611 Saltspray Circle, Corolla
Asking: $589,000
Beds-4 Baths-3 SqFt: 1590
Seeing is believing: this adorable coastal cottage in Ocean Sands is ready to go! With 4 bedrooms, 3 full baths, upgrades galore, a soothing beachy color palette and ocean views from MORE
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752 Crown Point Circle, Corolla
Asking: $639,000
Beds-6 Baths-4 SqFt: 2461
Lovely home that backs up to open space, so no neighbors behind you!! Home is currently rented as a 5 bedroom, but is acutually 6 bedrooms. Short walk to the beach and ocean views o MORE
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1231 Ocean Hill Court, Corolla
Asking: $699,900
Beds-5 Baths-4 SqFt: 3994
Such a charming, well-cared for home with AMAZING VIEWS from 2 levels! "Sea Dreams" offers a large, open floorplan, 5 bedrooms including a top floor master, expansive great room for yo MORE
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835 Corolla Drive, Corolla
Asking: $734,900
Beds-6 Baths-4 SqFt: 2728
Always something new to see from the recently exterior house painting to great room window coverings. Owners meticulously maintain this home evidenced by the luxurious natural oak floo MORE
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1071 Whalehead Drive, Corolla
Asking: $739,000
Beds-4 Baths-2 SqFt: 1560
One story Coastal charmer. Spacious open floor plan with tasteful appointments. Follow the sun with ample decking offering East and West exposures with safety gates. Relax in the gre MORE
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1037 Corolla Drive, Corolla
Asking: $745,000
Beds-6 Baths-4 SqFt: 2362
“A Whalehaven” is a Whalehead beach cottage located in between two direct beach accesses! This vacation rental has all the repeat guest could want- 6 bedrooms, 4 full bathroo MORE
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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
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906 Lighthouse Drive, Corolla
Asking: $750,000
Beds-3 Baths-2 SqFt: 1338
Semi-oceanfront 3-bedroom, 2 bath home on large Whalehead lot, just a short walk to the beach access. The mid-level living area is comprised of the family room with Franklin Stove, din MORE
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736 Crown Point Circle, Corolla
Asking: $789,000
Beds-5 Baths-4 SqFt: 2308
Talk about a nice location, this semi oceanfront sits on the SE corner of Crown Point, allowing it to have incredible ocean views. Only 30' to the walkway to the beach. The common area MORE
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790 Crown Point Circle, Corolla
Asking: $799,000
Beds-5 Baths-4 SqFt: 2372
Minutes to the beach! Check out this beautiful corner lot with gorgeous yard with outdoor pool area. This Crown Point highly elevated reverse floor plan is currently a year round prima MORE
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953 Whalehead Drive, Corolla
Asking: $799,000
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
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874 Whalehead Drive, Corolla
Asking: $809,900
Beds-5 Baths-3 SqFt: 1914
* New Siding * New Hot tub * Pool recently installed * Beautiful outdoor space * Great Rentals This five (5) bedroom, three & a half (3.5) bath, oceanside home has so much to offer! MORE
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531 Sandbucket Arch, Corolla
Asking: $835,000
Beds-4 Baths-4 SqFt: 2300
Have you been searching for a private and quiet (no road noise) oceanside cul-de-sac location in Corolla with ocean views, a private pool, direct beach access and beautiful uncrowded b MORE
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889 Whalehead Drive, Corolla
Asking: $849,000
Beds-6 Baths-3 SqFt: 2636
Week at Bernie's is only 2 lots off the ocean and there are so many updates to this lovely home. In 2020 it received a new fortified roof, new pool decking and in 2021 it received new c MORE
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812 Corolla Drive, Corolla
Asking: $899,000
Beds-6 Baths-5 SqFt: 2912
This extraordinary cottage speaks "BEACH" fluently! The home was COMPLETELY remodeled and newly furnished as of 2017, with additional improvements being added annually. Starting from MORE
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1079 Corolla Drive, Corolla
Asking: $950,000
Beds-9 Baths-8 SqFt: 4200
Spacious with Coastal Decor 9 Bedroom house with strong rents on Corolla Drive. The C & Sky caters to the rental market with ALL the Things- Heated Pool, multiple living spaces, 7 larg MORE
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877 Corolla Drive, Corolla
Asking: $959,900
Beds-7 Baths-6 SqFt: 3125
Honey, stop the car! This property has been thoughtfully renovated from top to bottom! This home has a reverse open floor plan; with the living room, dining, and kitchen on the top lev MORE
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760 Lakeview Court, Corolla
Asking: $969,000
Beds-7 Baths-7 SqFt: 3880
Whether you are looking for the perfect vacation home or rental property, you owe it to yourself to visit "Wine Down". This beautifully decorated and maintained 7-bedroom, 7-full and MORE
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843 Corolla Drive, Corolla
Asking: $979,000
Beds-8 Baths-6 SqFt: 3456
Enjoy ocean views and huge rental opportunity in this 8 bedroom (4 are masters) 6.5 bath Whalehead Club home. Only 2 homes from direct beach access (4 min walk) on the Marlin walkway to MORE
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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
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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
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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
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628 Tide Arch, Corolla
Asking: $1,019,500
Beds-5 Baths-4 SqFt: 2760
C TO SHINING C, just like the beautiful anthem, hearkens to a pristine and spacious setting that provides inviting ocean views along with a feeling of openness and calm. With its NINE-F MORE
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988 Whalehead Drive, Corolla
Asking: $1,095,000
Beds-8 Baths-8 SqFt: 3533
Spacious 8-bedroom, 8.5 bath vacation home complete with cabana, private pool and hot tub located on an X-Flood zone lot in Whalehead. Just 200 yards from the beach, this property offe MORE
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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
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989 Whalehead Drive, Corolla
Asking: $1,126,000
Beds-8 Baths-7 SqFt: 4024
Don't miss out on this 3rd-row gem in Whalehead. This beautiful home was remodeled for the current owners in 2006 and has been lovingly maintained since. The design makes this spacious MORE
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450 North Cove Road, Corolla
Asking: $1,149,000
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! Top level of this lovely home is light, bright, & open with both dini MORE
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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
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603 Saltspray Court, Corolla
Asking: $1,275,000
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
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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
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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
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1101 Franklyn Street, Corolla
Asking: $1,995,000
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
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1133 Franklyn Street, Corolla
Asking: $2,195,000
Beds-7 Baths-6 SqFt: 5353
Fall in love with “Surf & Volley”, an amazing Corolla Light Resort Oceanfront property with 7 bedrooms, 6.5 baths, multiple expansive decks, breathtaking ocean & lighthouse vi MORE
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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
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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
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125 Salt House Road, Corolla
Asking: $2,850,000
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
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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
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1077 Lighthouse Drive, Corolla
Asking: $2,995,000
Beds-7 Baths-7 SqFt: 5751
AN OUTER BANKS GEM WITH SEVEN BEDROOMS/SEVEN FULL BATHROOMS/TWO HALF BATHS….SITTING ON A 100’ WIDE HOMESITE! BREATH TAKING OCEAN PANORAMA VIEWS FROM JUST ABOUT EVERY ROOM! Thi MORE
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475 Land Fall Court, Corolla
Asking: $2,999,000
Beds-8 Baths-7 SqFt: 7443
Huge (7,000+ sq ft) 8 bedroom oceanfront home in the alluring gated community of Spindrift in Corolla. This home offers luxury and privacy with its classic Victorian architecture and mo MORE
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948 Lighthouse Drive, Corolla
Asking: $3,000,000
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
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1071 Lighthouse Drive, Corolla
Asking: $3,289,000
Beds-9 Baths-8 SqFt: 6430
Incredible oceanfront setting! Enjoy the casual coastal feel of this lovely nine bedroom home set on a beautiful, oversized oceanfront homesite with a large protective dune at the north MORE
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609 Tide Arch, Corolla
Asking: $3,390,000
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 $307,000 adverti MORE
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179 Cottage Cove Road, Corolla
Asking: $3,399,900
Beds-7 Baths-7 SqFt: 6192
This home is a true and rare beauty, located in the quaint coastal community of Pine Island in Corolla. It features unparalleled, full views of the Atlantic Ocean as well as the sound o MORE
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871 Lighthouse Drive, Corolla
Asking: $3,400,000
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
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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
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277 Whites Point, Corolla
Asking: $3,499,000
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
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1061 Lighthouse Drive, Corolla
Asking: $4,100,000
Beds-9 Baths-8 SqFt: 4896
Luxurious oceanfront home with all the amenities and built by Mancuso Development in 2015 with an impressive rental history, generating approximately $320K in rental income in 2021. MORE
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1009 Lighthouse Drive, Corolla
Asking: $4,200,000
Beds-10 Baths-9 SqFt: 4997
This Spectacular Pristine Ocean Front Home is Situated on a High Elevation. A Treasure with all the Bells & Whistles including Amazing Ocean Views! A Kitchen fit for a Chef with two Und MORE
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975 Lighthouse Drive, Corolla
Asking: $4,590,000
Beds-12 Baths-12 SqFt: 6190
This is the one you’ve been dreaming about! Aqua Dream is a truly spectacular, brand new, oceanfront investment property in popular Whalehead beach with twelve amazing en suite bed MORE
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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
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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
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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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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
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807 S Virginia Dare Trail, Kill Devil Hills
Asking: $3,495,000
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
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905 N Virginia Dare Trail, Kill Devil Hills
Asking: $4,350,000
Beds-18 Baths-18 SqFt: 10235
Remarkable Income OCEANFRONT Property. This Weekly Rental is the perfect location to to rent out for corporate retreats, family reunions, weddings, or special events. 18 Master Bedro MORE
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172 Duck Road, Southern Shores
Asking: $619,900
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
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22 Ocean Boulevard, Southern Shores
Asking: $1,499,000
Beds-4 Baths-3 SqFt: 2327
OCEANFRONT in Southern Shores! 4 bed 3.5 bath updated home with not only views of the ocean but you look down on the beach! Great ocean views even from the middle floor. Bright open liv MORE
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90 Ocean Boulevard, Southern Shores
Asking: $1,949,000
Beds-5 Baths-4 SqFt: 3087
Make "Dot's Spot" your spot on the ocean in Southern Shores. Well maintained and conveniently located this house is on a huge lot and buyer ready. This location is incredible. 4 MORE
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188 Ocean Boulevard, Southern Shores
Asking: $3,600,000
Beds-9 Baths-7 SqFt: 5032
Your Endless Summer has arrived and in perfect fashion at this Southern Shores Coastal Retreat. A super cool Craftsman style with a unique beachy yet elegant twist! Its laid back and sw MORE
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