NOT LISTED FOR SALE

3301 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $2,247,489 - $3,039,000

8 Beds
9 Baths
3,862 Sq Ft
$673/Sq Ft Est. Value

Last Sold March 21, 2023

Last sale price $2,475,000 $641 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $14,373/month

248 Days on Market

Highlights

  • Beach Front
  • Heated In Ground Pool
  • Coastal Architecture
  • Ocean View
  • 0.58 Acre Lot
  • Cathedral Ceiling

About This Home

As of March 2023

AMAZING 2022 OWNER RENTS $306,070 !!! - that is a 12% RETURN CASH FLOW! *** 65 FEET WIDE OCEANFRONT LOT! *** "9" BEDROOM OCEANFRONT IN NAGS HEAD! ... Big Daddy's has a Great Name ... This Home lives up to the name & then some! * TROPICAL GORGEOUS LANDSCAPING * Prior survey shows Land Dimensions: 65 feet on Beach Road, north side 394 Feet and Oceanfront at 66 Feet and south side at 382 Feet ... 66 FEET WIDTH on OCEANFRONT (much wider than typical 50-foot lot in Nags Head!) *** Likely Room to add a Cabana *** Located Milepost 11.5 approx. on the Beach Road - this home will catch your eye driving by with its Lush Landscaping w/ Volley Ball Court & the that Island Look that will draw you in * Big Driveway for plenty of Guest and Family Parking *** Tax Record shows this home is 8 Bedrooms ... but it is actually "9" Bedrooms w/ 7 Main En Suite BR's w/ Full Baths *** Totals out at 9 Bedrooms, 7 Full Baths and 2 Half Baths (Primary Powder Room just off the Great Room for guests and the other is a 1/2 bath is an outdoor Bathroom across from the 2 Outdoor Showers - perfect for the Kiddies while swimming in the Pool! *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Painted Ceiling Mural * High Ceilings, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have Fabulous Ocean Views! Guest Powder Room * North side Main En suite Bedroom w/ double Pocket Doors to spacious Bath with Soaking Jet Tub & separate enclosed Tile Shower * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180- degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features 5 En suite Bedrooms w Full Baths, 1 bunk room and Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 - The glass in the front door is being replaced soon June 2022 * Level 1 Features a Huge Open Great Room with tile floor, Big Kitchen, Pool Table, Sliders out to Tiki Bar & Pool, 2 Bedrooms and a Full Bath between - laundry facilities in this area as well *** Pool Deck is really Awesome ... Heated POOL, TIKI Bar, HOT TUB & Lots of room to Catch Rays by the Pool * Outdoor Showers and the Outdoor 1/2 Bathroom *** Home Rents w Pets - there is a dedicated pet area on the north side of the Pool w/ green grass and a pen on the south side *** You will want to head out past the pool to the Dune Pool gate - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Big Dipper in all its glory was overhead last night! *** Located just south of Tortuga's Lie, Bonnet Street Park, Lucky 12 Tavern across the street and down the road a few hundred feet, just north of the Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Big Daddy's is offered fully furnished with no exclusions other than that which is located in owner locked storage closets *** Big Daddy's is (and has been) a Fabulous Rental Income Producing Investment *** See Rental Company Beach Realty K1204 Big Daddy's Photos & Description at Website Link: https://www.beachrealtync.com/outer-banks-rentals/big-daddys *** Per Seller: New Pool Liner 11/2022, Roof & HVAC 7 years old, Water Heater 5 years old *** NOTE: 1/11/23 Seller will soon be removing exterior wood shutters and will touch paint to match in needed areas where shutters removed *** 2021 Owner Rents totaled $299,297 *** OWNER RENTS for 2022 were $306,070 ... a 12% RETURN! *** Owner Projecting 2023 Rents will exceed 2022 Rents! 2023 is Booking Strong w/ $183,071 Booked as of 3/10/23 *** This is Oceanfront at its Best ... Come see!

Last Agent to Sell the Property

John Leatherwood

Coldwell Banker Seaside Realty KH License #86507 Listed on: 06/06/2022

Coldwell Banker Seaside Realty KH

Co-Listed By

Debbie Knieper

Coldwell Banker Seaside Realty KH License #199613

Last Buyer's Agent

Alan Creech

Outer Banks Realty Group License #278693

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,595

Year Built

  • Built in 1998

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 65 x 394 x 382 x 420
  • Beach Front
  • 66 Feet of Waterfront
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned CR

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Cottage
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Siding
  • Piling Construction

Interior Spaces

  • 3,862 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • Southwinds Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,595

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal, Cottage
  • Directions: Milepost 11.5 on the Beach Road - just a few lots north of and across the street from Lucky 12 Tavern
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: VE
  • Subdivision Name: Southwinds
  • Headline: 12% RETURN!!! * "Big Daddy's"
  • Heated Sq Ft: 3862
  • L V T Date: 06/06/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: CR
  • Deed Book Pg Number: 0131
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, Stackable Washer/Dryer
  • Bedrooms: 8
  • Countertops: Laminate
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection
  • Optional Rooms: Game Room, Pantry
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Sheet Siding, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Vinyl, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 65
  • View: Ocean
  • Water Frontage: 66

Garage/Parking

  • Garage: 2 Car, Attached, Carport
  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 25243
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: East
  • Lot Size: 65 x 394 x 382 x 420
  • Lot Number: Lot 1
  • Estimated Lot Size: 0.58
  • Deed Book: 2479

Rental Info

  • Est Annual Rental Income: 303150
  • Estimated Rental Performance: 0.1225
  • Lease Terms: Weekly
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: Big Daddy's
  • Rental Cottage Number: K1204
  • Rental Phone Number: 252-441-7166
  • Rental Turnover Day: Saturday
  • Rental Contact Email: Tiffany@beachrealtync.com
  • Rental Contact Name: Tiffany Moldovan or Nick Morton
  • Rental Contact Phone: 252-441-7166

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2022
  • Taxes: 9595

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2024
Sold by
Shavers Jeremy Duane
Bought by
Jeremy Duane Shavers Revocable Trust and Shavers
Current Estimated Value
$2,597,872

Purchase Details

Listed on
Jun 6, 2022
Closed on
Mar 17, 2023
Sold by
Manhattan Melody Llc
Bought by
Shavers Jeremy Duane
Seller's Agent
John Leatherwood
Coldwell Banker Seaside Realty KH
Buyer's Agent
Alan Creech
Outer Banks Realty Group
List Price
$2,999,000
Sold Price
$2,475,000
Premium/Discount to List
-$524,000
-17.47%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.94%
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
Jeremy Duane Shavers Revocable Trust -- None Listed On Document
Shavers Jeremy Duane $14,850,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shavers Jeremy Duane $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2023 03/21/23 Sold $2,475,000 -4.8% $641 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
01/03/2023 01/03/23 Price Changed $2,599,900 +4.0% $673 / Sq Ft
12/15/2022 12/15/22 Price Changed $2,499,900 -3.8% $647 / Sq Ft
09/08/2022 09/08/22 Price Changed $2,599,500 -1.9% $673 / Sq Ft
07/13/2022 07/13/22 Price Changed $2,649,500 -11.7% $686 / Sq Ft
06/06/2022 06/06/22 For Sale $2,999,000 -- $777 / 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 $7,198 $1,394,600 $837,500 $557,100
2023 $5,675 $1,416,884 $837,500 $579,384
2022 $5,675 $1,416,884 $837,500 $579,384
2021 $5,675 $1,416,884 $837,500 $579,384
2020 $11,165 $1,416,884 $837,500 $579,384
2019 $5,384 $1,123,000 $673,200 $449,800
2018 $5,521 $1,123,000 $673,200 $449,800
2017 $5,384 $1,123,000 $673,200 $449,800
2016 $4,926 $1,123,000 $673,200 $449,800
2014 $4,935 $1,123,000 $673,200 $449,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119170

Outer Banks Association of REALTORS®

APN: 030206000