
301 W Ocean Acres Dr Kill Devil Hills, NC 27948
Estimated payment $3,361/month
Highlights
- Very Popular Property
- Wooded Lot
- Home Office
- Second Refrigerator
- Cottage
- Second Dishwasher
About This Home
This high-yield investment property in Ocean Acres presents a rare opportunity for savvy investors seeking strong returns and long-term growth. Generating $66,000 in annual income with room to expand, this property includes three distinct rentable rooms plus a leased storage shed, all thoughtfully renovated and ideally located. The main home features a spacious three-bedroom, two-bath upstairs with modern finishes and generous living space. The rental room on the ground level has one bedroom, one bath with a separate flex space/office, offers a private entrance, full kitchen (no stove), and in-unit laundry. The third rentable room is a charming one-bedroom, with one bath, and a great room/kitchen (no stove). A separate storage shed/ workshop is also leased for added income. Recent renovations showcase luxury vinyl flooring, stylish vanities, artsy tilework, and a sleek backsplash. The exterior is low-maintenance with vinyl siding, a large yard, and shared outdoor space. Located just steps from the Nags Head Woods Nature Preserve, this property appeals to renters who value both natural beauty and convenience. The Ocean Acres stoplight location provides easy access to shopping, dining, and all the Outer Banks has to offer. Whether you're expanding your portfolio or capitalizing on the area's growing rental demand, this property is a must-see for investors ready to unlock its full potential. All improvements have been thoughtfully completed with proper permits and full town approval, ensuring compliance with local building codes and zoning regulations. From structural updates to mechanical systems, every detail has been professionally executed and inspected for peace of mind.
Listing Agent
Coldwell Banker Seaside Realty - KDH Brokerage Email: hvandermyde@gmail.com License #207518 Listed on: 08/29/2025

Co-Listing Agent
Coldwell Banker Seaside Realty - KDH Brokerage Email: hvandermyde@gmail.com License #358199
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,184
Year Built
- Built in 1973
Lot Details
- 0.29 Acre Lot
- Level Lot
- Wooded Lot
- Property is zoned RL
Home Design
- Cottage
- Wood Siding
- Vinyl Siding
- Modular or Manufactured Materials
Interior Spaces
- 3,064 Sq Ft Home
- Home Office
- Library
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Second Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Unpaved Parking
- Off-Street Parking
Utilities
- Multiple cooling system units
- Mini Split Heat Pump
- Municipal Utilities District Water
Community Details
- Ocean Acres Tract 3 Subdivision
Listing and Financial Details
- Tax Block G
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | For Sale | $599,900 | -- | $196 / Sq Ft |
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Source: Outer Banks Association of REALTORS®
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