$600,000
$150K PRICE DROP

25202 Island Pines Dr Waves, NC 27982

Waves Neighborhood

Estimated payment $3,502/month

Total Views 6,853
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Commercial spot*****Priced to move and selling "as is".*****
Location is positioned within easy reach of campgrounds, residential areas, and hotels, the location presents a golden opportunity!
Explore turning the building into more than a restaurant, the possibilities are up to an entrepreneur’s imagination. Since its establishment in 1995, the iconic eatery charmed locals and visitors alike with its relaxed ambiance, served from a rustic, screened porch.
Offering seating for 52 across its quaint dual-level screened porches, the venue is adorned with eclectic decor that captures the island's spirit.

Listing Agent

Peter Conley

All at Sea Realty License #313819 Listed on: 05/11/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,187

Year Built

  • Built in 1995

Lot Details

  • 0.46 Acre Lot
  • Property is zoned S-1

Home Design

  • Frame Construction
  • Wood Siding
  • Piling Construction

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Heat Pump System
  • Septic Tank

Community Details

  • Island Pines Subdivision

Listing and Financial Details

  • Tax Lot Lot 16

Property Details

Property Type

Other

Est. Annual Taxes

$2,187

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Directions: Approximately 2 miles south of the Jug Handle Bridge, located on the oceanside.
  • Headline: Commercial Priced to Move!
  • Zoning: S-1
  • PropertySubType: Restaurant
  • PropertyType: COMMERCIAL/INDUSTRIAL
  • Lot Size Acres: 0.46
  • Ownership: Owned More than 12 Months
  • MLS Status: (10) Active - Active
  • Subdivision Name: Island Pines
  • B_VIEW_DESCRIPTION: Sound
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Wood

Exterior Features

  • Roof: Asphalt
  • Waterfront Features: None
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Piling

Utilities

  • Heating: Heat Pump
  • Green Building Features: Doors <10', Door Sign, Dumpster, Outside Storage
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 20000.0

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2186.96
  • Tax Lot: Lot 16

Multi Family

  • Number Of Units Total: 1

Map

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

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 $2,187 $345,600 $162,000 $183,600
2023 $2,118 $345,600 $162,000 $183,600
2022 $2,083 $345,600 $162,000 $183,600
2021 $2,049 $345,600 $162,000 $183,600
2020 $2,044 $345,600 $162,000 $183,600
2019 $2,064 $299,200 $130,000 $169,200
2018 $2,064 $299,200 $130,000 $169,200
2017 $2,064 $299,200 $130,000 $169,200
2016 $1,944 $299,200 $130,000 $169,200
2014 $1,944 $299,200 $130,000 $169,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Price Changed $600,000 -20.0% --
05/11/2025 05/11/25 For Sale $750,000 -- --
Source: Outer Banks Association of REALTORS®

Source: Outer Banks Association of REALTORS®

MLS Number: 129294

Outer Banks Association of REALTORS®

APN: 014250016