Nags Head, NC 27959
Beds
5
Baths
4
Square Ft.
2,088
$1,314,000
Oceanfront, Oceanfront, Oceanfront! Great Oceanfront Vacation Home & Investment Opportunity in South Nags Head: 9321 S. Old Oregon Inlet Rd – a 5-bedroom, 2,088 sf oceanfront home, with amazing Ocean views, on a large, prime, ocean to road homesite, with ample room for a pool addition on the East side… Read More if desired, providing great improvement or re-development opportunities if desired. New 2025 Assessed Value $1,312,400! Awesome Ocean, Beach, Surf Zone, and Dune Views over large, stable, vegetated duneline, beautiful sunrises, and evening sunsets to the West. Located in the natural, low density setting of South Nags Head, away from the hustle and bustle but within striking distance to everything, 1 mile from Outer Banks Fishing Pier & Fishheads Grill, via detached bike path, close to Oregon Inlet and the Town of Manteo. This property offers ocean views, direct private beach access to one of areas quietest beaches, a large open great room opening out to the Atlantic Ocean, comfortably sized kitchen and dining areas, functional floor plan, ample decking, hot tub, outside shower, is fully furnished and ready for the 2025 rental season, and has provided consistent rental income year after year ($77k 2024). (Bedroom 1K, 2Q, 3Q, 4 bunkbed & trundle, 5 2 twins). With a deep Oceanfront lot, 50' x +/-400', a wide beach & strong dune, level lot and at a good elevation, with lots of land East of the home, this property presents a rare & outstanding improvement and/or redevelopment opportunity – add a pool on the Oceanside, improve or expand the home, to elevate your returns, or build a new, modern custom home to your liking, now or years down the road. (Survey on hand and available) Similar homesites are supporting current construction of 8-bedroom, 5,000 sq. ft. high-end investment homes. Or.....secure the land & continue to collect rent and re-develop in the future.....or .....enjoy the simple Oceanfront life as it is. Rare land opportunity, no known Nags Head oceanfront lots available and on the market at this time. (Buyer to confirm any improvement options, experienced local contractor familiar with the property & currently undertaking similar projects is available for consultation). Whether you're looking for an active vacation rental, personal retreat, or an equity building project, this solid, fully furnished home is a great OBX opportunity. Perfect timing for a Buyer heading into the rental season, with no off-season carrying costs. The property offers a solid year-2009 8x8 piling foundation, 2019 roof, 2022 & 2024 heat pumps, 2023 water heater, among other updates over time. Shared driveway easement in place with the property to the South, for ingress & egress, providing great use of space. Offered at $1,314,000 – this is your chance to own a piece of coastal paradise now, with tons of future potential. Stake your OBX Oceanfront claim now! Additional photos: https://listings.jonathanclarkphoto.com/sites/nxkjgrr/unbranded Read Less
Courtesy of Mark Massey, Outer Banks Realty Group.
Listing Snapshot
Days Online
40
Last Updated
Property Type
Single Family Residential
Beds
5
Full Baths
3
Partial Baths
1
Square Ft.
2,088
Lot Size
0.46 Acres
Year Built
1984
MLS Number
128614
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
Building
20,000 approx lot sqft
Cooling
Central, Heat Pump
Exterior Features
Shakes, Wood
Foundation
Piling
Water Features
Municipal, Water frontage: 50
Heating
Central, Heat Pump
Income
Estimated annual rental income amount: $86,597
Interior Features
All Window Treatments, Pantry, Wet Bar
Lot
0.46 acres
Parking
Off Street, Under, Unpaved
Property
Zoning: R2, VE
Roof
Asphalt/Fiber Shingle
Taxes
Taxes: $8,629, Tax year: 2024
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