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Diane Florio

diane@dnarealtyteam.com +1(919) 201-2666

$ 2,395,000

Est. payment -/mo

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Active

5213 Ocean DR #E&W Emerald Isle, NC 28594

8 Beds

4 Baths

2,406 SqFt

UPDATED:

10/17/2024 11:55 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,406 sqft

Price per Sqft $995

Subdivision Not In Subdivision

MLS Listing ID 100468232

Style Wood Frame

Bedrooms 8

Full Baths 4

HOA Y/N No

Originating Board North Carolina Regional MLS

Year Built 1980

Annual Tax Amount $5,234

Lot Size 0.344 Acres

Acres 0.34

Lot Dimensions 74x204x74x204

Property Description

Summerplace is a FULL DUPLEX oceanfront Builder-Realtor-owned, meticulously maintained, fully furnished, turnkey investment property in Emerald Isle NC on the Crystal Coast where the water glistens and the homes boast a generous setback from the road for guests' vehicles. Emerald Isle falls among the most highly-rated beaches in the South & East, and lies in highly-rated Croatan school district. Private beach access is along a new solar-lighted deck with 4 steps down to the sand! Home is 15 minutes from the NC Aquarium in Pine Knoll Shores and 3 miles to the Bogue Island Fishing Pier, as well as grocery shopping and restaurants galore. The duplex had gross revenue of $128,000 in 2022, $135,000 for 2023, and $135,000 for 2024 renting just 4 months, remainder is owner use, annualized could be 200K+. There's room for a pool for higher rents! It is self-managed using Airbnb & VRBO. Each side has an individual PIN/Deed #, and can be resold individually if desired. Each has 4br2ba but there are five beds on each side, so the entire duplex of 8 bedrooms sleeps 18. It was renovated in 2018, 2022, 2023 to include: repladed double-pane high-impact windows, replaced storm doors, roof, interior/exterior painted, fresh siding, remodel and painting of road side porches, LVT flooring in LR/Kitchen/Bathrooms, replaced HVAC in winter of 22-23, new electric panels, smooth ceilings main floor, new ceiling fans, wainscoting & carpeting main floor, raised piers, replaced all rear decks 2022, hot water in all THREE new outdoor showers (2023) & more. Owners hosted two nuptials on the deep .34 acre oceanfront lot, see photos.

There are two septic systems on site, 4BR each, scheduled to be pumped Oct 2024. Termite & pest control is with May Exterminating. Landscaping improvements and 2nd floor upgrades planned for late 2024. Furniture, art, linens, supplies, booking & marketing credentials, as well as any 2025 bookings, all convey. You buy more than the home; it's a turnkey business!

Location

State NC

County Carteret

Community Not In Subdivision

Zoning RMF

Direction 70 to 58 or 70 to 24 to Emerald Isle Bridge to Emerald Drive, then 4 miles to Fairfax Rd, make a rt, then left on Ocean Drive to third house on the right.

Location Details Island

Rooms

Other Rooms Shower

Primary Bedroom Level Primary Living Area

Ensuite Laundry Inside

Interior

Interior Features Master Downstairs, 2nd Kitchen, Ceiling Fan(s), Furnished, Pantry

Laundry Location Inside

Heating Heat Pump, Electric, Forced Air

Cooling Central Air

Flooring LVT/LVP, Carpet

Fireplaces Type None

Fireplace No

Window Features Blinds

Appliance Washer, Vent Hood, Refrigerator, Range, Dryer, Dishwasher

Laundry Inside

Exterior

Exterior Feature Outdoor Shower

Garage Gravel, Off Street, On Site

Waterfront Yes

Waterfront Description Deeded Beach Access

View Ocean, Water

Roof Type Architectural Shingle

Accessibility None

Porch Covered, Deck, Porch

Parking Type Gravel, Off Street, On Site

Building

Lot Description Dunes, Level

Story 2

Entry Level Two

Foundation Other, Raised

Sewer Septic On Site

Water Municipal Water

Structure Type Outdoor Shower

New Construction No

Schools

Elementary Schools White Oak Elementary

Middle Schools Broad Creek

High Schools Croatan

Others

Tax ID 630419611339000 630419611441000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Russell Homes and Land

Diane Florio

Broker | License ID: 244397

+1(919) 201-2666

Diane Florio

5213 Ocean DR #E&W Emerald Isle, NC 28594

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5213 Ocean DR #E&W