$599,900

301 W Ocean Acres Dr Kill Devil Hills, NC 27948

Estimated payment $3,361/month

Total Views 1,129
5 Beds
4 Baths
3,064 Sq Ft
$196 Price per Sq Ft

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

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH Brokerage Email: hvandermyde@gmail.com License #207518 Listed on: 08/29/2025

Coldwell Banker Seaside Realty - KDH

Co-Listing Agent

Aleksandra Jarrell

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,184

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Headline: Investment Opportunity
  • Section: 1
  • Zoning: RL
  • PropertySubType: Single Family Residence
  • PropertyType: Residential
  • ResoLotFeatures: Level, Wooded
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved, Public
  • Co List Office Mls Id: 80149
  • Attribution Contact: hvandermyde@gmail.com
  • Ownership: Owned More than 12 Months
  • MLS Status: (10) Active - Active
  • Subdivision Name: Ocean Acres Tract 3
  • Architectural Style: Cottage
  • ResoRoomType: Library, Office, Studio
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 5

Exterior Features

  • Pool: No
  • Roof: Asphalt
  • Waterfront Features: None
  • Construction Type: Manufactured (Mobile), Wood Siding
  • Exterior: Vinyl

Garage/Parking

  • Parking Features: Off Street, Unpaved

Utilities

  • Heating: Mini-Split
  • Cooling: Multi Units
  • Sewer: Public Sewer
  • Water Source: Municipal

Lot Info

  • Lot Size Sq Ft: 12500.0

Building Info

  • Year Built: 1973

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1183.87
  • Tax Block: G

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
08/29/2025 08/29/25 For Sale $599,900 -- $196 / Sq Ft
Source: Outer Banks Association of REALTORS®

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Source: Outer Banks Association of REALTORS®

MLS Number: 130355

Outer Banks Association of REALTORS®

APN: 008479000