3303 S Virginia Dare Trail, Nags Head, NC 27959

$2,499,500
8
BD
9
BA
3,862
SqFt
List Price
$2,499,500
Price Change
▼ $150,000 1662680623
MLS#
119692
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
8
Bathrooms
9
Full-baths
7
Half-baths
2
Living Area
3,862
Neighborhood
Southwinds

Property Description

11% RETURN CASH FLOW! *** "9" BEDROOM OCEANFRONT IN NAGS HEAD! ... THE LAZY LIZARD (ITS NEXT DOOR TO BIG DADDY'S MLS# 119170 ALSO FOR SALE ... Buy 2 High Income Producing Oceanfront Homes side by side) TROPICAL GORGEOUS LANDSCAPING * Original Plat shows Dimensions: 65 feet on Beach Road, north side 420 Feet and Oceanfront at 64 Feet and south side at 420 Feet ... 64 FEET WIDTH on OCEANFRONT (much wider than typical 50-foot lot in Nags Head! *** Located Milepost 11.5 approx. on the Beach Road - Lush Landscaping w/ Volleyball Court & the Look & Feel of the Islands! * Big Driveway for plenty of Guest and Family Parking *** Tax Record shows this home is 8 Bedrooms ... but it is actually "9" Bedrooms w/ 6 Main En Suite BR's w/ Full Baths *** Totals out at 9 Bedrooms, 6 Full Baths and 2 Half Baths (Primary Powder Room just off the Great Room for guests and the other is a 1/2 bath is an outdoor Bathroom across from the 2 Outdoor Showers - perfect for the Kiddies while swimming in the Pool! *** Starting on the Top Level 3 - The Lazy Lizard has been Professionally Designed and Decorated in a Luxurious Spanish Villa Theme w/ Hand-Painted Murals and bright, airy colors which will remind you that you've escaped the stresses of everyday life ... it Feels like where the Desert meets the Atlantic Ocean! * High Ceilings, Gas Fireplace w/ Built in Entertainment Center * Fabulous Ocean Views! * Guest Powder Room * North side Main En suite Bedroom w/ Expansive All Tile Bath w/ 2 Person Jet Tub & 2 Person Glass Enclosure Shower * Oceanfront rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w/ Full Baths * Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Big Kitchen, Pool Table, Double Sliders out to Pool Deck w/ that TIKI Bar Feel, 2 Bedrooms and a Full Bath between - laundry facilities in this area as well *** Pool Deck is really Awesome ... Heated POOL, TIKI Bar overhead design, HOT TUB & Lots of room to Catch Rays by the Pool * Outdoor Showers and an Outdoor 1/2 Bathroom *** Home Rents w Pets *** Head out past the pool to the Dune to check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - CHECK OUT THE SPACE STATION AS IT ORBITS BY! *** Located just south of Tortuga's Lie, Bonnet Street Park, Lucky 12 Tavern across the street and down the road a few hundred feet, just north of the Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** The Lazy Lizard is offered Fully Furnished (excludes owner locked closet items, rugs and any artificial plants) *** The Lazy Lizard is (and has been) a Fabulous Rental Income Producing Investment ... See Rental Company Beach Realty K1205 Lazy Lizard's Photos & Description at Website Link: https://www.beachrealtync.com/outer-banks-rentals/lazy-lizard *** Per Seller: Newer Smart Siding - Exterior looks to be in great shape! *** 2021 Owner Rents totaled $299,085 - an 11% Return! ... 2022 already at $270,8109 as of 10-4-22 * NOTE: Owner (Seller) is projecting 2022 Owners rents to reach OVER $300K *** This is a Beautiful Home and ... the Rents Look Good Too! ... Come see!

Additional Information

Air Conditioning
Heat Pump, Zoned
Appliances
Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
Construction
Frame, Wood
Countertops
Laminate
Siding
Composite Siding
Extras
Ceiling Fan(s), Covered Decks, Fenced Yard, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
Floor Coverings
Carpet, Tile
Foundation
Piling, Slab
Garage
2 Car, Attached, Carport
Heating
Electric, Heat Pump, Zoned
Interior Features
All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Pantry, Washer Connection, Wet Bar
Lot Description
Beach Frontage, Level
Optional Rooms
Game Room
Parking
Paved, Off Street
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Contemporary, Reverse Floor Plan, Coastal, Cottage
View
Ocean
Well
Municipal
Zip
27959
Neighborhood
Southwinds
Lot Dimension
65 x 420 x 64 x 420
Year Built
1998
Directions
Milepost 11.5 on the Beach Road - just a few lots north of and across the street from Lucky 12 Tavern
County
Dare
Annual Rental Income
300000
Rental Co
Beach Realty & Construction
Rental Cottage #
K1205
Rental Cottage Name
Lazy Lizard
Furnishings Available
Yes
Bill of Sale Amt
1
Annual Rental Income$
300000
Rental Performance
0.12
Pool/Spa Expense
4110

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Listing courtesy of Coldwell Banker Seaside Realty Kh.

Listed by John Leatherwood

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