Seller's Agent in 2022
Mary Cheatham King
Keller Williams Crystal Coast
(252) 808-5596
1,326 Total Sales
235 Frost Ln Salter Path, NC 28575
7
Beds
7.5
Baths
4,936
Sq Ft
0.49
Acres
Highlights
- Ocean View
- Home Theater
- Ocean Side of Freeway
- Morehead City Primary School Rated A-
- In Ground Pool
- Deck
About This Home
As of December 2022TWO separate homes each with a pool -- incredible waterviews and rental income from this gorgeous house with a guest house, both overlooking the ocean and both with their own pool. NO CITY TAXES or beach renewal taxes! Beautiful property that sits atop a natural dune, these homes provide luxury, comfort and wonderful spaces to gather with family and friends -- it is no wonder that they are called the Dream Maker (main house) and Memory Maker (guest house). HUGE opportunity - your family can enjoy both homes, use one and rent one, or use both as income-producing investments. The homes are currently on the rental market and rent separately, creating two streams of income. The main house is 3 stories with an elevator featuring 7 bedrooms, 7.5 baths, spacious living areas, home theater, game room with kitchenette on the first floor and ample decking. The guest house offers 3 bedrooms, 3 full baths, spacious living areas, family room, patio and deck to extend the living space. This property is adjacent to the former Roosevelt Heirs land that was gifted to the State of North Carolina which is a part of the Salter Path history (see documents). Great rental history and potential: the 2020 combined rental income of $232,686 / year +/- Please see documents for rental history and the vacation rental addendum. Special note: exterior is IFC - insulated concrete forms that have 200+ mph wind load, impact windows and R-50 insulation factor in the walls for safety, security and energy efficiency.
Last Agent to Sell the Property
Keller Williams Crystal Coast Listed on: 08/03/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,903
Year Built
- Built in 2006
Lot Details
- 0.49 Acre Lot
- Property fronts a private road
- Property is Fully Fenced
- Dunes
Home Design
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Concrete Siding
- Vinyl Siding
- Stick Built Home
- Stucco
Interior Spaces
- 4,936 Sq Ft Home
- 3-Story Property
- Wet Bar
- Central Vacuum
- Furnished
- Ceiling Fan
- Gas Log Fireplace
- Blinds
- Combination Dining and Living Room
- Home Theater
- Ocean Views
- Attic or Crawl Hatchway Insulated
Kitchen
- Convection Oven
- Stove
- Down Draft Cooktop
- Built-In Microwave
- Ice Maker
- Dishwasher
- ENERGY STAR Qualified Appliances
- Compactor
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Low Flow Toliet
- Walk-in Shower
Laundry
- Dryer
- Washer
Parking
- Driveway
- Paved Parking
- On-Site Parking
Pool
- In Ground Pool
- Outdoor Shower
Outdoor Features
- Ocean Side of Freeway
- Deck
- Covered Patio or Porch
Utilities
- Central Air
- Heat Pump System
- Propane
- Well
- Water Softener
- Fuel Tank
- On Site Septic
- Septic Tank
Additional Features
- Accessible Elevator Installed
- ENERGY STAR/CFL/LED Lights
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 6334.07.68.5092000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 24, 2022
Closed on
Dec 20, 2022
Sold by
Osterhoudt Marcus Chet and Osterhoudt Rhonda M
Bought by
Mrac-Iii Llc
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Frederick Winstead
Destination Realty Corporation, LLC
List Price
$3,599,900
Sold Price
$3,375,000
Premium/Discount to List
-$224,900
-6.25%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,814
Avg. Annual Appreciation
1.84%
Purchase Details
Listed on
Aug 3, 2020
Closed on
Mar 10, 2021
Sold by
Gentry Gail C and Gentry Walter C
Bought by
Osterhoudt Marcus Chet and Osterhoudt Rhonda M
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Mary Cheatham King
Keller Williams Crystal Coast
List Price
$2,900,000
Sold Price
$2,700,000
Premium/Discount to List
-$200,000
-6.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.94%
Original Mortgage
$1,700,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 25, 2005
Sold by
Jemex Iii Inc
Bought by
Gentry Gail C
Purchase Details
Closed on
Feb 22, 2005
Sold by
Gentry Commercial Contracting Inc
Bought by
Jemex Iii Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 6, 2005
Sold by
Gentry Walter C and Gentry Gail C
Bought by
Gentry Commercial Contracting Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 12, 2003
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,375,000 | -- | |
| Warranty Deed | $2,750,000 | None Available | |
| Warranty Deed | $675,000 | None Available | |
| Warranty Deed | $245,000 | None Available | |
| Warranty Deed | $215,000 | -- | |
| Deed | $215,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,700,000 | Commercial | |
| Previous Owner | $245,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2022 12/20/22 | Sold | $3,375,000 | -6.2% | $684 / Sq Ft |
| 11/06/2022 11/06/22 | Pending | -- | -- | -- |
| 08/26/2022 08/26/22 | For Sale | $3,599,900 | +33.3% | $729 / Sq Ft |
| 04/05/2021 04/05/21 | Sold | $2,700,000 | -6.9% | $547 / Sq Ft |
| 01/28/2021 01/28/21 | Pending | -- | -- | -- |
| 01/26/2021 01/26/21 | For Sale | $2,900,000 | 0.0% | $588 / Sq Ft |
| 08/23/2020 08/23/20 | Pending | -- | -- | -- |
| 08/03/2020 08/03/20 | For Sale | $2,900,000 | -- | $588 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,903 | $2,709,358 | $752,988 | $1,956,370 |
| 2024 | $6,893 | $1,386,715 | $543,542 | $843,173 |
| 2023 | $6,967 | $1,386,715 | $543,542 | $843,173 |
| 2022 | $6,135 | $1,386,715 | $543,542 | $843,173 |
| 2021 | $5,978 | $1,386,715 | $543,542 | $843,173 |
| 2020 | $5,978 | $1,386,715 | $543,542 | $843,173 |
| 2019 | $5,513 | $1,374,437 | $543,542 | $830,895 |
| 2017 | $5,403 | $1,374,437 | $543,542 | $830,895 |
| 2016 | $5,403 | $1,374,437 | $543,542 | $830,895 |
| 2015 | $5,128 | $1,374,437 | $543,542 | $830,895 |
| 2014 | $6,239 | $1,728,753 | $764,640 | $964,113 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Cheatham King
-
Frederick Winstead
F
Buyer's Agent in 2022
Frederick Winstead
Destination Realty Corporation, LLC
(919) 593-4453
11 Total Sales
Map
Source: Hive MLS
MLS Number: 100229926
APN: 6334.07.68.5092000
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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