NOT LISTED FOR SALE

2505 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $2,548,000 - $3,674,000

8 Beds
8.5 Baths
4,999 Sq Ft
$624/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $2,890,000 $578 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $17,481/month

Highlights

  • Beach Front
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Concrete Pool
  • Craftsman Architecture

About This Home

As of December 2021

Dressed in modern design and high-end finishes, Queen Elizabeth offers world-class amenities to make from an unforgettable vacation. This luxury vacation rental offers stunning views of the Atlantic and luxury entertainment throughout this unique 5,000 square foot retreat. As you make your grand entrance onto the ground level, you will be awestruck by the luxurious sights before you. This level provides the perfect balance of entertainment, relaxation and fun. The recreation lounge features purple and grey accents, a large flat screen smart TV, billiards table, shuffleboard and wet bar with sink and full refrigerator. Nearby is the private home theater with tiered seating, as well as a bar area in the back with additional seating. This space brings the theatre to you with state-of-the-art electronics, audio/visual and lighting. You will also find a King Master suite on the ground level with modern wallpaper and plush bedding. Laundry facilities include two stackable washer and dryer units. A half bath is conveniently located on this floor and is easily accessible from the pool area. On the mid-level you'll find comfortable and chic sleeping accommodations including four King Master Suites and two additional kid-friendly bedrooms. Each room is beautifully designed with rich purple, blues, greens and grey décor that translates throughout the home. The top level features an expansive great room with a vaulted ceiling, gas fireplace and sweeping ocean views. There is also a dining area and a fully-equipped gourmet kitchen with dark rich cabinets and a spacious granite island. A King suite features amazing sunsets view. The oceanside sun deck is easily accessible from the great room and provides panoramic views of the Atlantic. Experience the royal treatment at Queen Elizabeth for your upcoming OBX luxury getaway.

Last Agent to Sell the Property

Tammy Aycock

SAGA Realty and Construction License #174696 Listed on: 11/11/2021

Last Buyer's Agent

Tammy Aycock

SAGA Realty and Construction License #174696 Listed on: 11/11/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,040

Year Built

  • Built in 2015

Lot Details

  • Beach Front
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Siding
  • Piling Construction

Interior Spaces

  • 4,999 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Marble Countertops
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Parking

  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block 10 / 3

Community Details

Overview

  • Built by SAGA
  • Nags Head Shores Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,040

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Craftsman, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Landscaped, Lawn Sprinklers, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry
  • Subdivision Name: Nags Head Shores Sec 2
  • Headline: Oceanfront $ Producer
  • Heated Sq Ft: 4999
  • L V T Date: 11/12/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 247219
  • Advertised Income 2021: 287915
  • Advertised Income 2022: 253190
  • Deed Book Pg Number: 0574
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C18181
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 8
  • Countertops: Granite, Marble, Quartz
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: SAGA
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: E
  • Lot Number: Lot 10
  • Deed Book: 1985

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Resort Realty
  • Rental Cottage Name: Queen Elizabeth
  • Rental Cottage Number: 5461
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2015

Tax Info

  • Year: 2021
  • Taxes: 12040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Dec 20, 2021
Sold by
Nags Head Shores Llc
Bought by
2505 Svdt Llc
Seller's Agent
Tammy Aycock
SAGA Realty and Construction
Buyer's Agent
Tammy Aycock
SAGA Realty and Construction
List Price
$2,890,000
Sold Price
$2,890,000
Current Estimated Value
$3,118,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,592
Avg. Annual Appreciation
2.10%
Original Mortgage
$2,167,500
Outstanding Balance
$1,998,351
Interest Rate
2.98%
Mortgage Type
Commercial
Estimated Equity
$1,120,241
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2505 Svdt Llc $2,890,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2505 Svdt Llc $2,167,500
Previous Owner Nags Head Shores Llc $4,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2021 12/28/21 Sold $2,890,000 0.0% $578 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $2,890,000 -- $578 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $6,256 $1,704,500 $884,000 $820,500
2023 $6,245 $1,737,320 $884,000 $853,320
2022 $6,958 $1,737,320 $884,000 $853,320
2021 $6,958 $1,737,320 $884,000 $853,320
2020 $6,958 $1,737,320 $884,000 $853,320
2019 $7,075 $1,463,000 $618,500 $844,500
2018 $7,075 $1,463,000 $618,500 $844,500
2017 $7,094 $1,463,000 $618,500 $844,500
2016 $6,472 $1,463,000 $618,500 $844,500
2014 $2,660 $618,500 $618,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 116789

Outer Banks Association of REALTORS®

APN: 005437001