5213 Ocean Drive

8 Bedrooms 4 Bathrooms 2406 Square Feet

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 and 3 miles to the Bogue Island Fishing Pier, plus grocery shopping and restaurants galore. The duplex had gross revenue of $128,000 in 2022, $135,000 for 2023, and $135,000 for 4 months of 2024, the rest was 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. Each has 4br2ba but there are five beds on each side, so the entire duplex of 8 bedrooms sleeps 18. It was renovated 2018 and then each off-season 2021 forward including: replaced double-pane high-impact windows, replaced storm doors, interior/exterior painted, all pre-2021, raised piers replaced hot water heaters, replaced HVAC, redid smooth ceilings, new carpeting, wainscoting, new ceiling fans, can lights, painting of road-side porches, and all new decks all in winter of 22-23, hot water in all THREE new outdoor showers (2023), new granite counters and stainless appliances 2024. 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. 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. Come enjoy the view from the 16' by 16' dune deck!

    Accessibility

  • None
  • Appliances/Equip

  • Washer
  • Vent Hood
  • Refrigerator
  • Range
  • Dryer
  • Dishwasher
  • Construction Materials

  • Wood Siding
  • Fiber Cement
  • Cooling

  • Central Air
  • Door Features

  • Storm Door(s)
  • Exterior Features

  • Outdoor Shower
  • Fencing

  • None
  • Fireplace Features

  • None
  • Flooring

  • LVT/LVP
  • Carpet
  • Foundation

  • Other
  • Raised
  • Heating

  • Heat Pump
  • Electric
  • Forced Air
  • Interior Features

  • Master Downstairs
  • 2nd Kitchen
  • Ceiling Fan(s)
  • Furnished
  • Pantry
  • Laundry Features

  • Inside
  • Levels

  • Two
  • Listing Terms

  • Cash
  • Conventional
  • Lot Features

  • Dunes
  • Level
  • Parking

  • Gravel
  • Off Street
  • On Site
  • Patio & Porch

  • Covered
  • Deck
  • Porch
  • Roof

  • Architectural Shingle
  • Security

  • Security Lighting
  • Smoke Detector(s)
  • Structure

  • Wood Frame
  • Waterfront Features

  • Deeded Beach Access
  • Windows

  • Blinds

Mortgage Calculator

Sale price ($)

Down payment (%)

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Term (years)

Price: $2,395,000.00
MLS ID 100468232
Location Emerald Isle, NC 28594
Acreage 0.34
Year Built 1980
Neighborhood Not In Subdivision

Susan Goines

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Broker | REALTOR® | ABR | CRS | SFR| RSPS

Contact Info

Emerald Isle Sales Office
200 Mangrove Drive
Emerald Isle, NC 28594
(888) 737-5983

Office: (252) 354-2128
Cell: (252) 728-0063

Contact Agent - Real Estate Listing

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Property listed by Russell Homes and Land

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