$400,000

180 Irvin Garrish Hwy Unit 108/109 Ocracoke, NC 27960

Estimated payment $3,215/month

Total Views 19,472
2 Beds
2 Baths
550 Sq Ft
$727 Price per Sq Ft

Highlights

  • 255 Feet of Waterfront
  • Views of a Sound
  • Coastal Architecture
  • Private Dock
  • Cabana
  • Corner Lot

About This Home

Double-Unit Harborfront Condo w/ Deep Water Boat Slip on Ocracoke Island for Only $400,000?? Yes, Please! The Anchorage is located in the heart of the village on Ocracoke Island, on Silver Lake Harbor just a short walk from the ferry docks, restaurants, shopping, coffee & ice cream shops, fishing, charter fishing boats, parasailing & offshore tours, golf cart & bicycle rentals & much more! The actual inn rooms have been condominiumized & are selling individually, paired with a deep water boat slip on the Silver Lake Harbor, directly in front of the Inn. Four floors of studio-style suites, each with approximately 275sf featuring an open area which serves as both the living & sleeping area, offers a fridge, microwave & coffee maker, heat & air conditioning from a thermostatically-controlled PTAC unit, vanity area with countertop & 2 sinks, full bathroom w/ toilet & tub/shower combo. Either one King or 2 Full beds in each unit. Every unit will be cosmetically-refreshed with a new look over the next 2 years (cost to be covered from reserves). This Double Unit offers 550sf w/ 2 Bathrooms & 2 large open areas (1 BA could be converted into a kitchenette w/ a BR & a LR ine the 2 open spaces, making a proper 1BR condo!). In front of each floor is a front courtyard (on ground level) or front balcony (on upper floors) with views of Silver Lake Harbor where sailboats, charter fishing boats, and ferries come & go. This comes with a generous deep-water boat slip; slips vary slightly in size, but all boast deep-water access, & mere feet away from the Marina, where boats can gas up conveniently! An outdoor pool, private to only those at the Anchorage, with sundeck awaits, less than 50 yards away! The front parking area includes an assigned parking space for each owner, plus plenty of additional guest/visitor parking spaces. SmacNally's Restaurant & Bar, also less than 50 yards away, offers dockside dining bar area with the best views of the harbor! Golf Cart, Moped & Bicycle rentals are available onsite, from retail providers whose storefronts are on the Anchorage property. As of January of 2025, Crown Vacations will begin managing both the vacation rental side of all units, as well as the Owners Association - streamlining owner affairs & providing "hands-off" revenue-generating ownership for all unit owners! Crown, as well as the Marina, will both be managing boat slip rentals, which will provide additional income for owners! Slips will be rented transiently (by the night or week) or can be rented along with a unit if a guest wishes to do so. Association fees include all utilities, taxes, insurance, management fees, linens, cleaning, supplies... an "all-inclusive" association fee! Single units are forecasted to NET around $21k annually (up to $42k for this double unit), before association dues, which include ALL management, cleaning, furniture, linens, maintenance, utilities, insurance, etc! * 101/102 & 301/302 can also be purchased together & combined for a 550sf "double" condo; the "*01" units are paired with the adjacent "*02" units, (also listed individually) creating a double-unit at a discounted price, providing the harbor views from the large front picture window on the "*02" side, since the "*01" units have limited views due to the elevator & stairs positioned in the view sight-lines of "*01" units. These *01/*02 double-unit pairings (as well as 108 & 109, since 109 is also limited-view) are offered at further-reduced prices than the sum of the two individually. ** Above the 4th level are two "Penthouse" units, each over 1350sf, with top-level views, private sun decks, full kitchens, & much more! These penthouse condos are currently available for purchase as well, & include an assigned parking space as well as a boat slip! Please call Bill at The Rich Company for more info & details about these unique offerings while still available!

Listing Agent

William Rich

The Rich Company of Ocracoke/OBX License #25611

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,406

Year Built

  • Built in 1982

Lot Details

  • 255 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Lot includes common area
  • Landscaped
  • Corner Lot
  • Level Lot

HOA Fees

  • $880 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Harbor Views

Home Design

  • Coastal Architecture
  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Masonry

Interior Spaces

  • 550 Sq Ft Home
  • Elevator
  • Furnished
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Laminate Countertops

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

  • Parking Lot
  • Off-Street Parking
  • Reserved Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Sun Deck
  • Private Dock
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Municipal Utilities District Water
  • Septic System

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • 37 Units
  • Crown (As Of 1/2025) Association

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Playground
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,406

Year Built

Built in 1982

Lot Details

0

HOA Fees

$880 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: From North Ferry Dock (vehicle ferry from Hatteras): Take HWY 12 into the village of Ocracoke. Stay on HWY 12/Irvin Garrish Hwy until you bear right and Silver Lake Harbor is on your left. Property is on your right side, on the corner of Irvin Garrish Hwy and British Cemetary Road. From South Ferry Dock (Cedar Island & Swan Quarter ferries, and Passenger Ferry): Bear right as you offboard the ferry onto Irvin Garrish Hwy. Go about 200 yards, and the Property is on your left, on the corner of Irvin Garrish Hwy and British Cemetary Road. Units 108 & 109 are side-by-side on the first floor, first & second units from right corner. ***Be aware of assigned parking spots in the main front parking area; each unit will have an assigned parking spot. Additional guest/visitor parking available as well.***
  • Extras: Cabana, Common Laundry Area, Covered Decks, Elevator, Handicap Friendly, Landscaped, Outside Lighting, Patio, Smoke Detector(s), Sun Deck, Tiki Bar, Boat Dock
  • Flood Zone: AE, Shaded X
  • Subdivision Name: The Anchorage
  • Heated Sq Ft: 550
  • L V T Date: 09/24/2024
  • Price Per Sq Ft: 727.27
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Harborfront
  • Zoning: open/mixed
  • Deed Book Pg Number: 70
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C34999
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Refrigerator
  • Bedrooms: 2
  • Bedroom 1: open, On Level: Ground
  • Kitchen: potential, On Level: Ground
  • Countertops: Laminate
  • Electronic Locks: Owned
  • Floor Coverings: Ceramic Tile, Luxury Vinyl Plank
  • Foundation: Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite, 1st Flr Ensuite
  • Dining Room: open, On Level: Ground
  • Living Room: open, On Level: Ground
  • Optional Rooms: Studio

Exterior Features

  • Construction: Frame, Masonry, Wood
  • Covered Deck Size: shared
  • Exterior: Block, Brick
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Heated, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 435
  • View: Harbor, Sound
  • Water Frontage: 255

Garage/Parking

  • Parking: Parking Lot, Reserved, Off Street

Utilities

  • Cooling: Wall Units
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Boat Dock, Outdoor-Comm. Pool, Playground, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 10556
  • Hoa Contact: Crown (as of 1/2025)

Lot Info

  • Lot Description: Adj. To Common Area, Bulkheaded, Corner, Level, Water Frontage
  • Lot Faces: SW
  • Deed Book: 304

Rental Info

  • Est Annual Rental Income: 42000
  • Estimated Rental Performance: 0.105
  • Lease Terms: Variable
  • Rental Cottage Name: The Anchorage
  • Rental Cottage Number: 108 & 109
  • Rental Turnover Day: flexible
  • Yearly Expense Actual Estimate: Estimated
  • Rental Contact Name: Crown Management will take over as of 1/2025

Building Info

  • Year Built: 1982

Multi Family

  • No. of Units: 37

Tax Info

  • Year: 2023
  • Taxes: 1406

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 For Sale $400,000 -- $727 / Sq Ft
Source: Outer Banks Association of REALTORS®

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Source: Outer Banks Association of REALTORS®

MLS Number: 127051

Outer Banks Association of REALTORS®