Active
5213 Ocean Drive, E&W
Emerald Isle NC, 28594
$2,395,000
$995.43 per sqft
Active
8 Beds
4 Baths
2,406 sqft
Residential
Built in 1980
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!
100468232
MLSⓇ ID
October 14, 2024
Listed
November 22, 2024
Updated
Map
5213 Ocean Drive, E&W
Emerald Isle NC, 28594
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Master Downstairs, 2nd Kitchen, Ceiling Fan(s), Furnished, Pantry
Appliances
Washer, Vent Hood, Refrigerator, Range, Dryer, Dishwasher
Laundry Description
Inside
Floor Description
LVT/LVP, Carpet
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump, Electric, Forced Air
Exterior/Building Features
Lot Size
0.34 Acres
Exterior Features
Outdoor Shower
Lot Features
Dunes, Level
Roof
Architectural Shingle
Sewer
Septic On Site
School Information
High School
Croatan
Elementary School
White Oak Elementary
Other Property Details
Taxes
$5,235
Tax Frequency
Annually
Days on Market
30
Association Fee Frequency
Yearly
Garage
No
Parking
Gravel, Off Street, On Site
Parking Total
0
View
Yes
View Description
Ocean, Water
County
Carteret
Water Source
Municipal Water
Pool
No
Waterfront
Yes
Zoning
RMF
Listing History
Date | Event | Price |
---|---|---|
10/14/2024 | Active | — |
Courtesy of Russell Homes and Land with Meg Russell,
Listing Contact: 919-795-5973
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Data last updated 1:41 PM UTC, 11/22/2024