NOT LISTED FOR SALE

3405 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $1,096,000 - $1,813,000

7 Beds
5 Baths
1,728 Sq Ft
$910/Sq Ft Est. Value

Last Sold December 12, 2023

Last sale price $1,500,000 $868 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,573/month

1 Day on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • No HOA
  • White Oak Elementary School Rated A-
  • Deck
  • Bedroom Suite

About This Home

As of December 2023

Nestled along the captivating oceanfront, this propery presents an enticing fusion of coastal living and investment potential. In 2022 ''Sea Oats'' brought in over 6 figues and is on pace to do nearly 120K in 2023. A delightful breezeway connects the two units, offering flexibility for personal use, rental income, or a mix of both. With breathtaking views of the ocean, low traffic beaches, you'll wake up to the serene sounds of waves and relish stunning sunsets from your doorstep.Upstairs you'll find 2 units each with 3 bedrooms and 2 full bathrooms. Downstair is an owners effecienciy unit. Recently updated with a modern HVAC system(approx 4 years old), the property ensures comfort year-round, whether you choose to reside in one unit or welcome guests. Embrace the idyllic beach lifestyle with direct access to sandy shores, allowing you to enjoy leisurely walks and refreshing swims whenever your heart desires.What sets this property apart is its proven success, backed by over 200 glowing reviews on Airbnb alone. Tap into an established income stream that effortlessly combines your love for coastal living with a consistent revenue source. Beyond the immediate benefits, the property's prime location offers the convenience of nearby attractions, dining, and entertainment, enhancing its appeal to a wide range of buyers.Whether you're a purchasing for yourself or an experienced investor, seize this opportunity to own a slice of oceanfront paradise that promises endless memories and impressive returns.

Last Agent to Sell the Property

Robert Lane

eXp Realty License #285761 Listed on: 08/10/2023

eXp Realty

Last Buyer's Agent

Beth Smith

Keller Williams Realty License #279569

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,407

Year Built

  • Built in 1979

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 76x252
  • Ocean Front
  • Property is zoned R2

Parking

  • Gravel Driveway

Home Design

  • Wood Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ocean Views

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bedroom Suite
  • 5 Full Bathrooms

Outdoor Features

  • Ocean Side of Freeway
  • Deck

Schools

  • White Oak Elementary School
  • Broad Creek Middle School
  • Croatan High School

Utilities

  • Heat Pump System
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 631413125518000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,407

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1979
  • Road Frontage Type: Ocean Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Kitchen
  • Fireplace: None
  • Flooring: Carpet, LVT/LVP
  • Heated Sq Ft: 1600 - 1799
  • Interior Amenities: 1st Floor Master, Apt/Suite, Ceiling Fan(s)
  • List Price per Sq Ft: 706.21
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 7
  • Number Rooms: 11
  • Sq Ft Heated: 1728.00
  • Sq Ft Heated Separate: 396.00
  • Total Heated Primary Separate Sq Ft: 2124.00

Exterior Features

  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: None
  • Porch Balcony Deck: Deck
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Gravel

Utilities

  • Cooling System: Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Septic On Site
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 47.00
  • Lot Acres: 0.44
  • Lot Dimensions: 76x252
  • Lot Sq Ft: 19166.00
  • Lot Water Features: Ocean Side
  • Plat Book: 1597
  • Plat Page: 047
  • Special Assessments: None Known
  • Zoning: R2
  • Lot View Type: Ocean View, Water View

Tax Info

  • Tax Identifier: 631413125518000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 4407.01

MLS Schools

  • Elementary School: White Oak Elementary
  • High School: Croatan
  • Middle School: Broad Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2017
Closed on
Jan 3, 2018
Sold by
Gainey Michael and Gainey Kim D
Bought by
Reynolds Jeffery S and Reynolds Isabella P
Seller's Agent
Margaret Nelson
Advantage Coastal Properties
Buyer's Agent
Robert Lane
RE/MAX Elite Realty Group
List Price
$849,000
Sold Price
$775,000
Premium/Discount to List
-$74,000
-8.72%
Current Estimated Value
$1,572,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$797,807
Avg. Annual Appreciation
10.83%
Original Mortgage
$473,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2004
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
Reynolds Jeffery S $775,000 None Available
-- $849,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Remarque Home Builders Llc $3,624,621
Closed Reynolds Jeffrey S $300,000
Closed Reynolds Jeffrey S $150,000
Closed Reynolds Jeffrey S $460,300
Closed Reynolds Jeffrey S $53,000
Closed Reynolds Jeffery S $473,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2023 12/12/23 Sold $1,500,000 0.0% $868 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/14/2023 08/14/23 For Sale $1,500,000 +93.5% $868 / Sq Ft
01/09/2018 01/09/18 Sold $775,000 -8.7% $448 / Sq Ft
11/05/2017 11/05/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $849,000 -- $491 / Sq Ft
Source: Hive MLS

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 $52 $820,937 $693,135 $127,802
2023 $5,079 $820,937 $693,135 $127,802
2022 $4,957 $820,937 $693,135 $127,802
2021 $4,855 $820,937 $693,135 $127,802
2020 $4,835 $820,937 $693,135 $127,802
2019 $2,581 $827,606 $683,640 $143,966
2017 $2,581 $827,606 $683,640 $143,966
2016 $2,581 $827,606 $683,640 $143,966
2015 $2,498 $827,606 $683,640 $143,966
2014 $2,383 $789,259 $649,080 $140,179
Source: Public Records

Agents Affiliated with this Home

  • Robert Lane

    Seller's Agent in 2023

    Robert Lane

    eXp Realty

    (910) 554-5992

    1 in this area

    243 Total Sales

    Robert Lane
    Section Image

  • B

    Buyer's Agent in 2023

    Beth Smith

    Keller Williams Realty

    (336) 676-3565

    6 in this area

    77 Total Sales

    Beth Smith
    Section Image

  • M

    Seller's Agent in 2018

    Margaret Nelson

    Advantage Coastal Properties

See All Agents

Map

Source: Hive MLS

MLS Number: 100399337

Hive MLS

APN: 6314.13.12.5518000

North Carolina Carteret County Emerald Isle 28594

3405 Ocean Dr, Emerald Isle, NC

This home is located at 3405 Ocean Dr, Emerald Isle, NC 28594 since 10 August 2023 and is currently estimated at $1,572,807, approximately $910 per square foot. This property was built in 1979. 3405 Ocean Dr is a home located in Carteret County with nearby schools including White Oak Elementary School, Broad Creek Middle School, and Croatan High School.

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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