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Build Near the Ocean: A Rare Nags Head Investment Opportunity

A prime homesite just two lots from the beach – 2115 S Memorial Avenue, Nags Head

2115 S Memorial Avenue, Nags Head
2115 S Memorial Avenue, Nags Head

Opportunities like this don’t come around often, especially in a market where buildable lots close to the ocean are increasingly scarce. Trisha Midgett and Team are excited to introduce a 7,500 sq ft homesite in the heart of Nags Head, just two lots from the ocean, offering location, flexibility, and long-term investment potential in one exceptional package.

For investors, second-home buyers, or those dreaming of building a custom beach retreat, this property checks all the right boxes.

Why Investors Are Watching Nags Head Closely

Nags Head continues to be one of the strongest and most consistent markets on the Outer Banks. With limited inventory, high demand for well-located homes, and steady rental performance, it remains a favorite among savvy investors.

This particular lot stands out because it offers:

  • Proximity to the ocean without oceanfront pricing
  • A location surrounded by established beach homes
  • Easy beach access that renters and owners value
  • The ability to design new construction that meets today’s rental and lifestyle demands

Buildable lots this close to the beach are becoming harder to find, making this an increasingly rare opportunity in the current OBX real estate market.

A Homesite Designed for Flexibility and Future Value

With 7,500 square feet, this lot provides ample space to design a home that fits your goals—whether that’s a high-performing short-term rental, a second home for personal use, or a long-term hold in a proven market.

There is potential for ocean views from an upper level, adding both lifestyle appeal and future resale value. New construction also allows buyers to take advantage of modern layouts, energy efficiency, and features today’s renters and buyers expect.

For investors, the ability to build exactly what the market wants can make a meaningful difference in both rental income and long-term appreciation.

The Nags Head Lifestyle Renters and Owners Love

Location matters—and this one delivers. Living here means being close to everything that makes Nags Head such a sought-after destination:

  • Easy access to the beach for daily ocean time
  • Jennette’s Pier and Nags Head Fishing Pier nearby for fishing and sightseeing
  • Jockey’s Ridge State Park just minutes away for sunsets, kite flying, and outdoor adventure
  • Miles of bike paths connecting beaches, sound access, dining, and shopping
  • Local restaurants, shops, galleries, and watersports all within easy reach

This is the laid-back Outer Banks lifestyle that continues to drive demand from both renters and buyers year after year.

If you’ve been waiting for the right opportunity to build in Nags Head, this homesite offers something increasingly rare: location, flexibility, and serious investment potential—all just steps from the ocean.

2115 S Memorial Avenue, Nags Head

Trisha Midgett

Hi, I’m Trisha Midgett, broker-in-charge at Midgett Realty and the lead agent of Trisha Midgett & Team, a top-producing real estate team on the Outer Banks. I’ve been helping buyers, sellers, and investors navigate the Outer Banks real estate market for over 30 years, with a strong focus on Hatteras Island and the surrounding OBX communities. From oceanfront vacation homes to second homes and investment properties, my team and I work across the entire Outer Banks, including Nags Head, Kill Devil Hills, Kitty Hawk, Manteo, Corolla, and Ocracoke. In 2024, our team closed 212 transactions, followed by 181 transactions in 2025, reflecting a consistent track record of results in a unique coastal market. I specialize in second homes, vacation properties, short-term rental and investment real estate, and seller strategy, helping clients understand pricing, rental potential, and long-term value. With decades of experience on the Outer Banks, I bring deep local knowledge of neighborhoods, rental dynamics, and market trends to every transaction. Clients often tell me they appreciate my honest advice, fast communication, strong negotiation skills, and laid-back, easy-to-work-with approach. I’m honored to have earned over 450 five-star reviews on Zillow, 220+ Google reviews, 171 five-star Homes.com reviews, 122 five-star FastExpert reviews, and a 5-star rating on Realtor.com, with verified transaction history publicly displayed. I’ve also been recognized as one of America’s Top 100 Real Estate Agents™ for North Carolina, received HomeLight Top Producer and Top Negotiator Awards, and earned Outer Banks Coastal Life Readers’ Choice Best Real Estate Team honors. Whether you’re buying your first beach cottage, selling a vacation rental, or investing in a second home on Hatteras Island or anywhere on the Outer Banks, my team and I are here to guide you every step of the way and make the process as smooth and successful as possible.
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