Owning OBX Investment Real Estate: The Long Game

New Construction in the Heart of the Tri-Villages! Estimated for completion in October 2026, this brand-new beach home at 25231 Lee O'Neal Lane in Waves offers the rare opportunity to own new construction on Hatteras Island. Whether you're looking for a second home, vacation rental, or full-time residence, this home combines quality construction, thoughtful design, and an unbeatable location in one of the Outer Banks' most desirable coastal communities. Situated on an oversized 15,995-square-foot lot, the home offers three ensuite bedrooms, each with 9-foot ceilings, and an open floor plan with vaulted ceilings that creates a bright, spacious living area. Luxury vinyl plank flooring runs throughout the home, while the kitchen features quartz countertops, stainless steel appliances, and plenty of cabinet space. Two covered porches provide the perfect place to enjoy the coastal breeze, and the parking area underneath offers room for vehicles, boats, golf carts, and all your beach gear. One of the biggest advantages of this property is the opportunity to expand. The builder has already installed a four-bedroom septic system, making it easy to add a future accessory dwelling unit (ADU). While the site plan illustrates both a pool and an ADU, neither is included in the asking price. The builder is happy to add one or both as upgrades, or the future owner can choose to build them later, creating additional living space and increasing the property's rental potential. The Tri-Villages of Rodanthe, Waves, and Salvo offer some of the best of Hatteras Island living. Spend your days on wide, uncrowded beaches, kiteboarding and windsurfing on the Pamlico Sound, surfing, fishing, paddleboarding, or exploring the Cape Hatteras National Seashore. REAL Watersports, local restaurants, coffee shops, shopping, and the Salvo Day Use Area are all just minutes away. Whether you're chasing adventure or simply looking to unwind, you'll quickly see why so many people choose to call the Tri-Villages home. If you've been waiting for the opportunity to own a brand-new home in Waves, this is one you won't want to miss. With new construction becoming increasingly difficult to find on Hatteras Island, this home offers the chance to own a quality-built coastal retreat with room to grow.

New Construction in the Heart of the Tri-Villages! Estimated for completion in October 2026, this brand-new beach home at 25231 Lee O'Neal Lane in Waves offers the rare opportunity to own new construction on Hatteras Island. Whether you're looking for a second home, vacation rental, or full-time residence, this home combines quality construction, thoughtful design, and an unbeatable location in one of the Outer Banks' most desirable coastal communities. Situated on an oversized 15,995-square-foot lot, the home offers three ensuite bedrooms, each with 9-foot ceilings, and an open floor plan with vaulted ceilings that creates a bright, spacious living area. Luxury vinyl plank flooring runs throughout the home, while the kitchen features quartz countertops, stainless steel appliances, and plenty of cabinet space. Two covered porches provide the perfect place to enjoy the coastal breeze, and the parking area underneath offers room for vehicles, boats, golf carts, and all your beach gear. One of the biggest advantages of this property is the opportunity to expand. The builder has already installed a four-bedroom septic system, making it easy to add a future accessory dwelling unit (ADU). While the site plan illustrates both a pool and an ADU, neither is included in the asking price. The builder is happy to add one or both as upgrades, or the future owner can choose to build them later, creating additional living space and increasing the property's rental potential. The Tri-Villages of Rodanthe, Waves, and Salvo offer some of the best of Hatteras Island living. Spend your days on wide, uncrowded beaches, kiteboarding and windsurfing on the Pamlico Sound, surfing, fishing, paddleboarding, or exploring the Cape Hatteras National Seashore. REAL Watersports, local restaurants, coffee shops, shopping, and the Salvo Day Use Area are all just minutes away. Whether you're chasing adventure or simply looking to unwind, you'll quickly see why so many people choose to call the Tri-Villages home. If you've been waiting for the opportunity to own a brand-new home in Waves, this is one you won't want to miss. With new construction becoming increasingly difficult to find on Hatteras Island, this home offers the chance to own a quality-built coastal retreat with room to grow.

Welcome to your ultimate oceanfront escape—an extraordinary nine-bedroom, nine-bath, two-half-bath home designed to bring family and friends together in comfort, style, and unforgettable surroundings. Perfectly positioned along the coast, this spectacular retreat offers direct beach access and sweeping ocean views. Step inside and discover a spacious great room where soaring views, comfortable gathering spaces, and an inviting atmosphere create the perfect centerpiece for your stay. Large windows frame the endless blue horizon, filling the home with natural light and keeping the beauty of the ocean front and center. Whether you're enjoying morning coffee, sharing a meal, or gathering together after a day at the beach, the great room provides an exceptional space to relax and reconnect. Outside, the vacation experience continues with a private pool, hot tub and your own tiki bar/ grill area, offering the perfect combination of fun and relaxation. Spend the afternoon soaking up the sun by the pool, unwind in the hot tub as the evening breeze rolls in, or take just a few steps to the sand for a day of swimming, shell collecting, and coastal adventures. When it’s time for indoor entertainment, this home truly shines. A dedicated game room provides hours of fun for guests of all ages, while the theater room creates the perfect setting for movie nights, sporting events, and memorable evenings together. With nine beautifully appointed bedrooms and nine full bathrooms, plus two additional half-baths, there is plenty of room for everyone to spread out while still enjoying the convenience of being together under one roof. Every detail of this remarkable home is designed around the oceanfront lifestyle. Handsome beamed cathedral ceilings. Cozy fireplace. Gormet kitchen. Covered decks. Sun decks. From breathtaking sunrises and sunsets to the sound of waves rolling onto the shore, this is more than a vacation rental—it is a destination in itself. Whether you're planning a family reunion, a getaway with friends, or a special celebration, this incredible oceanfront home offers the space, amenities, and views to make every moment extraordinary. Come experience the coast at its finest, where luxury meets relaxation and every day feels like a vacation.

RARE CHICAHAUK HOME JUST THREE ROWS FROM THE OCEAN! Built in 2019 and situated on approximately half an acre, this 4-bedroom, 3.5-bath home offers 2,648 square feet in one of Southern Shores’ most desirable communities. Mature live oaks, natural landscaping and community open space to the east provide added privacy, while multiple beach accesses are just a short walk away. Designed for easy coastal ownership, the home features LP SmartSide siding and a Englert metal roof, offering a durable, low-maintenance exterior well suited for the Outer Banks. Inside, the quality continues with white oak hardwood flooring throughout, crisp white trim, neutral finishes and large windows overlooking the wooded surroundings. Plantation shutters in the main living area add both style and privacy. The main level features an open great room, dining area and kitchen with an easy flow for everyday living and entertaining. A fireplace anchors the great room, while glass doors connect the living spaces to the large screened porch. The upgraded kitchen features extensive soft-close KraftMaid cabinetry, beautiful quartzite countertops, stainless steel appliances, tile backsplash, pendant lighting, abundant storage, pantry, and a large center island with seating. A new refrigerator and dishwasher were added in August 2026. Additional upgrades include a reverse-osmosis water filtration system, tankless water heater, and fenced-in yard perfect for dogs. A separate den/study provides valuable additional living space, with a powder room conveniently located nearby. The main-level primary suite offers privacy and convenience with large windows, a spacious walk-in closet with built-in storage and a beautifully appointed ensuite bath featuring a freestanding soaking tub, double vanity and oversized tiled shower with frameless glass enclosure, rainfall-style showerhead and floor-to-ceiling tile. The washer and dryer are conveniently located within the primary suite, making main-level living even easier. Upstairs, two exceptionally spacious guest bedrooms share a beautifully finished full bath, creating a comfortable and private level for family and guests. Storage is exceptional, with two walk-in attic storage areas providing plenty of room for personal belongings and seasonal items. The ground level adds even more flexibility with a generous recreation/flex space and second primary suite with full bath, ideal for guests, extended family, a game or media room, or additional living space. A heated and cooled storage room is a particularly valuable coastal feature, providing conditioned space for bikes, beach chairs and other gear without exposing them to the humid, salt-air environment. Outdoor living is another standout feature. The screened porch and covered outdoor living area overlook a maritime forest that will remain undeveloped, creating a private natural backdrop rarely found this close to the ocean. The home has never been rented, yet it has been thoughtfully prepared to accommodate rental use if desired. Two lockable owner's closets, generous storage and a Wi-Fi-connected lock at the downstairs entry make it easy to secure personal belongings and manage access while away. With newer construction, approximately half an acre, two primary suites, white oak hardwood floors, quartzite countertops, an Englert metal roof, LP SmartSide siding, exceptional storage, a private fenced backyard, protected wooded views and the beach just three rows away, this Chicahauk home offers an outstanding combination of quality, privacy, convenience and low-maintenance coastal living.

Now available at $1,525,000! Welcome to your dream oceanfront escape in Avon, Dream Gables! This stunning 6-bedroom, 5-bathroom coastal retreat offers the perfect blend of comfort, style, and breathtaking views of the Atlantic. Wake up to the sound of the waves and enjoy panoramic ocean views from multiple levels of this spacious home, designed for both relaxation and entertaining. The recently renovated kitchen is a standout feature, showcasing modern finishes, upgraded appliances, and ample space for gathering with family and friends. Thoughtfully maintained and enhanced by the current owner, the home boasts numerous updates throughout, ensuring a move-in-ready experience with a fresh, contemporary feel. Expansive living areas, generous bedrooms, and well-appointed bathrooms provide plenty of room for guests. Step outside to your private pool, perfect for cooling off after a day on the beach, or unwind on the decks while taking in the coastal breeze and unforgettable sunrises. Whether you're looking for a primary residence, vacation getaway, or investment property, this oceanfront gem offers it all—location, space, and updates that make it truly special.

Experience coastal luxury at its finest in this exceptional 7-bedroom, 7 full bath, and 3 half bath custom-built retreat. Designed for both upscale entertaining and strong investment performance, this spacious home combines elegant finishes, thoughtful amenities, and impressive rental income potential approaching $270,000 annually. The heart of the home is a stunning gourmet kitchen featuring custom cabinetry, premium appliances, expansive countertops, and abundant seating for family gatherings and large groups. Multiple living and entertaining spaces provide comfort and flexibility throughout, while an elevator offers convenient access to every level. Guests will enjoy endless entertainment with a dedicated game room, spacious gathering areas, and a private resort-style pool perfect for relaxing after a day at the beach. The well-designed floor plan offers generous bedroom suites, providing privacy and comfort for owners and guests alike. Whether you're seeking a premier vacation home, a high-performing investment property, or both, this remarkable coastal residence delivers. With proven rental history, luxury amenities, and exceptional income-producing potential, this is a rare opportunity to own a standout property in one of the coast's most desirable destinations.

OCEANFRONT Avon - Ocean View Dr. - Amazing investment opportunities, consistently generating over $200,000 in annual rent. There will be no FLIP FLOPPIN' after viewing this stunning oceanfront home in Avon. The ground level of the home features dry entry and direct access to the all-level elevator making unloading luggage and groceries a breeze. The concrete swimming pool is inviting and surrounded by high quality pool furnishings. The first level of the home features the game room with pool table, large flat screen TV home theater system with surround sound, and a wet bar with full size refrigerator, ice machine and microwave perfect for storing and preparing beach and pool snacks, and for filling up your cooler with ice. An indulgent sauna allows you to steam your cares away. Also on this level are two bedrooms - one with 2 single beds and the other is a queen master bedroom with private handicap friendly bathroom with roll-in shower. All bedrooms in the home come equipped with large, flat screen TVs. The second level is home to four more bedrooms - 1 king master bedroom with private bath, 1 bedroom with 2 sets of bunks which utilizes the hall bath, and 2 deluxe king master suites each with access to the deck and private baths with Jacuzzi tubs, walk-in showers and dual vanities. Step out onto the mid-level deck to take a dip in the hot tub. A third deluxe king master suite is located on the top level and boasts an ocean view along with its private bath with Jacuzzi tub, walk-in shower and dual vanity. The top level of this home impresses with wall-to-wall windows framing blue ocean views, exposed wood beams and accents, cathedral ceilings and elegant furnishings. a slider to the oceanfront deck and comfortable seating around a large flat screen TV home theater system with surround sound system. The dining area provides plenty of seating for the entire group including a long oceanfront table for 10, seating at the breakfast bar for 5 and a 4-top table with inlay checker/chess board. The gourmet kitchen is suited for a chef with stainless appliances, gas range, dual dishwashers, ice machine and breakfast bar with prep sink. A breakfast table seating 4, is tucked away for quiet morning coffee. The top level oceanfront deck provides the perfect setting for conversation and wave watching with the seabreeze and star gazing at night. Your guests will surely flip for this house, so be sure to see FLIP FLOPPIN' today!

Welcome to Salt Shaker, an exceptional semi-oceanfront retreat in sought-after South Nags Head! Producing approximately $125,000 in annual rental income, this 7-bedroom, 7.5-bath home is an outstanding opportunity for an investment property, second home or personal coastal retreat. Comfortably accommodating 14 guests, the home offers ocean views, easy beach access, a private pool and hot tub, theater room, game/rec space, six en-suite bedrooms and multiple gathering areas. Expansive decks and a screened porch provide the perfect spaces to enjoy the coastal setting. Located in the desirable South Creek Acres community, with convenient access to the beach and all that the Outer Banks has to offer, Salt Shaker combines strong rental potential with the amenities and location today's vacation-home buyers desire.

The location and condition of this home is outstanding. Located one back from the ocean on the quiet end of Highway 12. The home also snugs up against the 6.70 acre Mirlo Beach Homeowners reserve. On the south corner of the homes 24,000 square foot lot is a +24,000 square foot vacant lot that belongs to a utility that will not be built on. There is a sense of peace and privacy. The sellers have done extensive work to the home and property since 2021, please see in the documents. New kitchen, sliding doors, exterior siding, new windows, hardwood flooring on second floor, the list goes on and on! There are views from every room in the house with expansive decks to catch all the sunrises and sunsets and miles of park service territory. Walk to the beach, stroll to the sound, relax in the pool, and have that delightful peace for the rest of the evening! SELLERS use the property a lot and only rented from June to August

If you have been looking for a fun beach house with great ocean views and the beach just steps away, Siren’s Treasure is one to see! Located on Greenwood Place in Avon, this 4-bedroom semi-oceanfront home sits directly across the street from the ocean and just one lot from the community boardwalk, with beach access approximately 150 feet away. Grab your beach chair and flip-flops and you can be on the sand in minutes! The top level has that easy Hatteras Island feel, with a bright and open great room, vaulted ceilings, wood accents and plenty of windows. The spacious kitchen features granite countertops, a breakfast bar and pantry and opens right into the dining and living areas, making it easy for everyone to gather. Step out onto the deck for ocean views and coastal breezes, or head up to the sitting loft for another spot to relax. The top-level king ensuite includes a private bath with a walk-in shower and Jacuzzi tub. There is plenty of room for family and friends on the mid level with a queen ensuite, additional queen bedroom, bunk room, full hall bath and laundry area. The game room with foosball, electronic darts, TV and mini fridge adds to the fun, and after a long day at the beach, the hot tub is waiting right outside on the deck. Outside, you will find plenty of deck space, a screened porch, two outdoor showers, foot wash, basketball goal, fish cleaning table and two covered carports. Everything you need for an easy day at the beach is right here. Additionally, this home is in a Shaded X flood zone and doesn't require flood insurance, which is just another perk of this property! Owners and guests also enjoy the amenities of Kinnakeet Shores, including a soundside pool, kiddie pool, tennis and pickleball courts, beach and sound access, fitness trails and freshwater lakes. Great ocean views, the beach just steps away, a hot tub, game room and a location close to Avon's restaurants, shopping and fishing pier make Siren’s Treasure a great Hatteras Island getaway. Whether you are looking for a vacation rental, second home or just your own place at the beach, this one has a lot to offer.

Get ready to fall in love with AVON SEA BREEZE! This beautifully updated 7-bedroom, 6-full and 2-half-bath beach house checks so many boxes with easy beach access, a private pool, hot tub, elevator, game room, multiple living areas and plenty of deck space for soaking up the Hatteras Island sunshine. Add in a strong rental history with nearly $116,000 in 2025 rental income and over $112,000 already on the books for 2026, and this one deserves a spot at the top of your list! The sellers have put plenty of love into the home with an updated kitchen, fresh interior paint, LVP flooring and lots of new furniture, giving it a bright, fresh coastal feel. The top-level great room is open, airy and made for gathering, with vaulted ceilings, walls of windows and easy access to the decks. The renovated kitchen offers white cabinetry, quartz countertops, stainless steel appliances, a huge breakfast bar with plenty of seating and a fun pop of coastal blue. A spacious dining area makes room for the whole crew, while a king ensuite on this level offers a private retreat. Need room to spread out? There is plenty! The mid level features four ensuite bedrooms, including two king suites with deck access and two queen suites, plus a separate media area that opens to the deck. Downstairs keeps the fun going with a game room featuring ping pong, TV, wet bar, full-size refrigerator and microwave, along with two additional bedrooms, a full bath and laundry area. The elevator makes getting groceries, luggage and beach gear from floor to floor a breeze. Outside is where vacation mode really kicks in. Spend the afternoon by the private pool, unwind in the 6-person hot tub, rinse off in the outdoor shower after a day at the beach, or grab a chair and relax on one of the many decks. When it is time to hit the sand, the beach is just a short stroll away via the convenient neighborhood boardwalk. And then there is the location! Ocean Isle Estates puts you right in the heart of Avon, close to the Avon Pier, restaurants, shopping, watersports and the village walking and biking path. Avon is also home to the island's major grocery store and is a favorite Hatteras Island destination for fishing, boating, surfing and kiteboarding. Whether you are searching for a second home, a beach getaway or a proven vacation rental investment, AVON SEA BREEZE brings together the space, updates, amenities, rental performance and location buyers are looking for. You don't want to miss this one!

Welcome to Carova Time, a beautifully appointed semi-oceanfront retreat located in the sought-after 4x4 beaches of Carova, where wide-open beaches, roaming wild horses and the natural beauty of the northern Outer Banks create a setting unlike anywhere else. Designed for both personal enjoyment and vacation rental appeal, this spacious 5-bedroom, 4-full and 2-half-bath home offers a thoughtfully designed floor plan with three king en suites and plenty of room for family and guests. The top-level great room is bright and inviting, with an open-concept living, dining and kitchen area, electric fireplace, abundant natural light and access to expansive sun decks. A charming ship's watch provides the perfect spot to take in the ocean view. The mid level features two king en suites, a queen bedroom, bunk room, full hall bath, laundry and generous covered decking—providing multiple private spaces for guests to relax and enjoy the coastal surroundings. Downstairs, the large recreation room with pool table, wet bar, full-size refrigerator and TV creates an additional gathering space and opens directly to the outdoor entertainment area. Outside is where Carova Time really shines. Enjoy the 14' x 32' private saltwater pool, hot tub, outdoor shower and extensive decking after a day on the beach. The ocean is just approximately 250–300 yards away, making it easy to enjoy everything this unique location has to offer. Whether you're searching for a second home, vacation getaway or investment property, Carova Time delivers the amenities today's Outer Banks buyers are looking for in a setting that simply can't be duplicated. Located approximately 9.5 miles north of the paved road, access is by 4-wheel-drive vehicle only—part of the adventure and unmistakable appeal of Carova living. Come experience life where the road ends and the beach begins.