Skip To Content

Build Your Dream Beach Investment in Waves, NC

Just Steps from the Ocean at 25231 Lee ONeal Lane, Waves

25231 Lee ONeal Lane, Waves
25231 Lee ONeal Lane, Waves

This cleared lot offers the chance to build a custom beach home with possible ocean and sound views, easy beach access, and close proximity to some of the most popular attractions on the Outer Banks. Whether you are dreaming of a second home, vacation rental investment, or future retirement getaway, this property checks all the boxes.

Prime Location Near the Ocean in Waves, NC

Location matters when it comes to Outer Banks real estate, especially for investors looking to maximize rental potential and future value. This homesite is ideally positioned just a short walk from beach access, making it easy for future guests or homeowners to spend their days enjoying the Atlantic Ocean.

Waves is one of the most desirable villages on Hatteras Island for buyers seeking a laid back coastal lifestyle mixed with strong vacation appeal. The area is known for wide beaches, watersports, fishing, and a relaxed small town feel that keeps visitors returning year after year.

Cleared Lot Ready for Your Vision

One of the biggest advantages of this property is that the lot is already cleared, saving future owners both time and money when preparing to build. The homesite is surrounded by beautiful beach homes and sits in an area where a future elevated home could potentially capture both ocean and sound views.

For investors, vacant lots in desirable beach communities offer flexibility and long term upside. Build now or hold for the future while land opportunities near the ocean continue to become more limited on Hatteras Island.

Strong Appeal for Vacation Rental Investors

The Outer Banks vacation rental market continues to attract buyers looking for income producing opportunities, and Waves remains especially popular with visitors seeking a quieter beach experience.

This location is close to some of the area’s top attractions, including:

• Real Watersports
• Waterman’s Bar & Grill
• Good Winds Restaurant
• Rodanthe Pier
• Salvo Day Use Area
• World class kiteboarding and windsurfing spots

These nearby amenities help make the area attractive to vacation renters throughout much of the year, especially outdoor enthusiasts and repeat Hatteras Island visitors.

Why Buyers Love Waves on Hatteras Island

Waves offers a unique combination of ocean access, sound access, natural beauty, and community charm. Buyers love the uncrowded beaches, water sports scene, and slower pace of life compared to busier beach destinations.

The village is also centrally located within the Tri Villages area, making it easy to explore nearby Rodanthe, Salvo, Avon, and the rest of Hatteras Island. From fishing and boating to paddleboarding and sunset cruises, the lifestyle here continues to draw both second home buyers and real estate investors.

Vacant lots close to the beach are becoming harder to find, especially in locations with potential water views and easy beach access. If you are considering building a custom beach home or investing in Outer Banks real estate, this new listing in Waves is worth exploring.

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.
Comments are closed.
<-- Client Provided November 20, 2019-->