26397 Colony Drive, Salvo, NC 27972
- $1,065,000
- 4
- BD
- 2
- BA
- 1,680
- SqFt
- Sold Price
- $1,065,000
- List Price
- $1,090,000
- Closing Date
- Jun 06, 2023
- MLS#
- 121693
- Status
- SOLD
- Type
- Single Family Residential
- Property Type
- Single Family - Detached
- Bedrooms
- 4
- Bathrooms
- 2
- Full-baths
- 2
- Living Area
- 1,680
- Neighborhood
- Hatteras Colony
Property Description
With $121K owner gross YTD for 2023, you'd be hard pressed to find another 4 bedroom home that produces like this. That's backed up with $116K in 2022 so consistent as well. Never satisfied Beach Gem has undergone further updates this past off season with a new bathroom, updated kitchen, paint, stairs and more all done with rental income in mind. This money maker or better said Beach GEM is an incredible chance for the right buyer to jump into the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle that made our island the famous destination it became. Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle. Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front maintained by park service providing excellent protection from the storms that batter other oceanfront properties. In addition, the recently finished Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe aiming to improve access to the island. Oceanfront with private pool, in a protected and blossoming area of our beach, with rental income both past and present justifying the reasonable price. Schedule your showing now, before it's packed with renters for the Summer. One final note, Beach Gem has turned to private management for 2023, giving buyers the flexibility to chose who they want for a property manager. An underappreciated perk to educated buyers. Closed for updates January-March, Beach Gem currently has $121K on the books through AirBnB with $135K projected.
/u.realgeeks.media/lesliegilmore/lesliegilmore_wavelogoforsite.jpg)
Additional Information
- Air Conditioning
- Central
- Appliances
- Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Construction
- Frame, Wood
- Countertops
- Laminate
- Siding
- Shakes
- Extras
- Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Tiki Bar, Inside Laundry Room
- Floor Coverings
- Carpet, Ceramic Tile
- Foundation
- Piling
- Garage
- None
- Heating
- Electric
- Interior Features
- Dryer Connection, Some Windows Treated, Washer Connection
- Lot Description
- Water Frontage
- Optional Rooms
- Breakfast Nook, Game Room
- Parking
- Off Street, Unpaved
- Pool
- Yes
- Possession
- At Closing
- Roads
- Paved, Public
- Roof
- Asphalt/Fiber Shingle
- Sewer
- Private Septic
- View
- Ocean
- Well
- Municipal
- Zip
- 27972
- Neighborhood
- Hatteras Colony
- Year Built
- 1973
- Directions
- Turn onto Monitor Lane in Salvo and go 0.19miles. Turn LEFT onto Colony Dr and Beach Gem is on RIGHT
- County
- Dare
- Rental Co
- Vrbo
- Rental Cottage Name
- Beach Gem
- Furnishings Available
- Yes
- Bill of Sale Amt
- 1
- Yr Electric Expense
- 5736
- Yr Water Expense
- 908
- Yr Cable TV Expense
- 1107
- Insurance Expenses
- $2,998
- Pool/Spa Expense
- 4187
Mortgage Calculator
Listing courtesy of Landmark Sotheby's International Realty. Selling Office: Landmark Sotheby's International Realty.
Listed by Ian Lassiter
Copyright 2023 Outer Banks Association of REALTORS®. All rights reserved.
The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.
Real estate listing held by brokerage firms other than Great Escapes Realty are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.