Emerald Isle Search Real Estate

2405 Ocean Drive

Emerald Isle, NC 28594
Not In Subdivision
MLS# 100073935
$849,000

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Stunning views from this multifunctional property. Over $75k in rental revenue for 2017 and growing. Five star reviews. Perfect for families or investors. See ”More”.This property is a multi-function residence usable as a whole single family home, or two separate 2 bedroom, 2 bath units.

Each side has 2 bedrooms, 2 bathrooms, open concept living room, dining area, and full kitchens. Each side also has floor to ceiling rear windows and glass doors giving the house an awesome view of the ocean. The high dunes protect the house from storm surge. The house sits up very high so you see right over the dunes, straight into the emerald waters of the Atlantic.

We have been renting the house through VRBO since January 2017. We lived in the right side of the property until the end of May when we made the whole house available for renting. With 10 months of almost solid bookings on the left side, and 4 months of solid bookings on the right side, we have on the books $75,000 gross rental income for 2017. If we had rented out the right side as well in the spring, we project another $20,000 in rental income. We expect both sides to be fully booked through the end of October, and at minimum the weeks of Thanksgiving and Christmas. Those weeks will increase the rental income by at least $10,000. All together, we project a gross rental income of $105,000 per year.

What makes this property so special is the size and multiple listing potential. Large families can rent the entire house as one unit, or smaller groups can rent just one side by locking the interior connecting door.

Left side details: Master with new king bed, shelving, TV, and glass-paned exterior door. The master en suite bathroom has a shower and updated vanity top. Guest bedroom has a queen bed, new shelving, and lockable connecting door to the other side. The living room has a new TV, DVD player, new shelving, new area rug, new art, and a new exterior door. The dining area has new chairs for 4 guests. The kitchen has all new kitchenware and zero clutter. Reverse osmosis filter under the sink in the kitchen. Washer and brand new dryer.

The right side has been more completely remodeled. All new interior paint, furniture, TVs, vinyl-plank flooring (looks like hardwood but is waterproof, perfect for the beach!), new stainless appliances, a reverse osmosis filter in kitchen, a fully remodeled guest bathroom with shower/tub combo, a remodeled master bathroom with mirrored cabinet, glass tile backsplash, new glass-paned rear exterior doors in living/bedroom, new area rugs, and new art. King bed in the master and two twins in guest bedroom. Washer and dryer.

A new roof was installed in 2017 and new exterior paint and trim repair in 2017. New AC unit on the left side in 2016. Added outside hot water shower under the house. The deck is up to code with repairs done in early 2016. Foot wash on the dune walk.

Back deck furniture and beach toys convey.

Under the house is completely open with parking for up to 8 vehicles, or 4 smaller boats. New 4 burner Weber grill under the house. Hot water hose in the front of the carport for rinsing vehicles.

We provide linen service for our guests. All linens convey to the buyer and include: 2 full sets of sheets and blankets for each bed, 20+ bath towels, 20+ hand towels, 20+ wash cloths, 10+ kitchen hand towels, 10+ kitchen washcloths, 12+ beach towels, 10+ bath mats, 1 winter-weight comforter for each bed.

We offer this house complete as it is, ready for the renters already booked and more in the future. The house is ready to go, nothing needs to be done immediately, and the renters will continue to give 5 star reviews. Just step in and take the revenues.

Check out our VRBO listings to see our calendars, reviews, and property descriptions. Left side: VRBO #934807, right side: VRBO #1038710, whole house: VRBO #934780.

Showings available only on Saturdays between 1:30-2:45pm. FIRM. We have renters coming in at 3pm so all showings must be complete by 2:45pm so our renters are not inconvenienced.

Thank you for considering our property. Come take a look!
2405 Ocean Drive

Property Data

  • Acreage: 0.26
  • Appliances: Ice Maker, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Construction: Wood Frame
  • Cooling: Central
  • Days on market: 110
  • Dining Facilities: Combination
  • Drive Way: On Site,Paved
  • Exterior Features: 1st Floor Master, Ceiling Fan(s), Deck, Furnished, Ocean Front, Ocean Side, Ocean View, Outdoor Shower, Porch, Smoke Detectors, Thermal Windows
  • Fencing: None
  • Fireplace: None
  • Floors: Carpet, See Remarks, Vinyl
  • Foundation: Pilings
  • Heating: Heat Pump
  • Road Type: Paved,Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Sq. Ft.: 1998
  • Sewer: Municipal Water,Septic On Site
  • Stories: 1 Story
  • Water: Municipal Water,Septic On Site
  • Property Listed by: Coldwell Banker First Realty

This listing is Provided by Carteret County / Crystal Coast MLS and Emerald Isle Realty. Information Deemed Reliable But Not Guaranteed.
The above data is furnished for informational purposes only. You are responsible for confirming the sufficiency and reliability of such information.
Copyright Carteret County / Crystal Coast MLS.
All rights reserved. Carteret County Real Estate

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