A Blank Canvas Beckons in South Nags Head
Oceanfront Gem with Rental Income Potential Awaits Your Vision!
Greetings, Outer Banks enthusiasts and discerning buyers! We are thrilled to introduce an extraordinary oceanfront gem that beckons with promise and potential. Nestled in the coveted area of South Nags Head, 8323 S Old Oregon Inlet Road stands as a 32,500 square foot canvas of endless possibilities. Priced at $1,700,000, this property not only captures the essence of the idyllic Outer Banks lifestyle but also offers a unique chance to shape your coastal dreams.
Current Charm and Income Potential
At present, the property features three meticulously maintained single-family rental homes, collectively generating an impressive $140,000 in annual rental income. Picture a classic 5-bedroom, 2-bathroom oceanfront cottage with direct beach access, a rooftop sundeck, and a private hot tub. Add to that a traditional 5-bedroom semi-oceanfront home just a short 150-foot stroll to the beach, and a contemporary 4-bedroom, 2.5-bathroom home equipped with a game room, only two lots back from the ocean. Each home not only offers breathtaking views but also provides a taste of the Outer Banks lifestyle that captivates visitors year after year.
The True Value: Endless Possibilities
Yet, the true allure of this property lies in its untapped potential. With a substantial expanse and a prime location in a market where oceanfront land is scarce, this parcel invites the discerning buyer to envision and create a magnificent beachfront estate. The option to remove the existing structures opens the door to boundless possibilities, tailor-made to meet the most exclusive tastes and standards.
A Coastal Sanctuary Awaits
Priced close to the land value alone, this property is not just an investment opportunity; it is a canvas awaiting a vision. Imagine crafting your personal coastal sanctuary or a vacation retreat that stands as a testament to your style and preferences. The rarity of oceanfront land in this area adds to the property’s appeal, making it a once-in-a-lifetime opportunity for those who value exclusivity.
Location Perfection
Situated a short drive from local shopping, water sports, Jennettes Pier, and historical sites, the property offers more than just a breathtaking view. Enjoy both stunning Carolina sunrises and sunsets, thanks to its east and west water vistas. South Nags Head, known for its serene setting and natural beauty, provides a tranquil escape from the hustle and bustle. Adjacent to the Pea Island Wildlife Refuge and close to the Cape Hatteras National Seashore, this area offers a more authentic, old-school Outer Banks experience.
Your Piece of the Outer Banks Charm
In essence, 8323 S Old Oregon Inlet Road is more than just a property; it’s an opportunity to own a piece of the Outer Banks charm. Whether you seek an investment that promises returns or a canvas for your coastal dreams, this location is one of the most coveted on the coast. Seize the chance to embrace the Outer Banks lifestyle and create your own chapter in this coastal haven. The canvas is yours—what masterpiece will you paint?
