$790,000
$49K PRICE DROP

5507 S Virginia Dare Trail Unit 202B Nags Head, NC 27959

Estimated payment $4,751/month

Total Views 15,754
3 Beds
2.5 Baths
1,724 Sq Ft
$458 Price per Sq Ft

Highlights

  • Community Beach Access
  • In Ground Pool
  • Subterranean Parking
  • Ocean Front
  • Contemporary Architecture
  • Wet Bar

About This Home

"Mermaid's Cove" is the perfect spot to wake up every morning, grab a cup of coffee, and watch the sunrise over the beautiful beaches of Nags Head. This second floor oceanfront condo located in the highly sought after community of Heron Cove offers expansive ocean views, one level living, a building elevator, covered parking, generous ground floor storage for beach toys and bikes, private community beach access and you can easily see the community swimming pool. It's truly the best of beach living! Units in Heron Cove with ocean views seldom become available in part because the community is located on one of the best sections of the beach on the Outer Banks and it's convenient to restaurants, golf and shopping galore! "Mermaid's Cove" (Unit 202B) will not disappoint! The kitchen received a full renovation in 2016 and the vacationing guests have great things to say about the new look. The heat pump was replaced in 2021 and the water heater in 2023. This is an interior unit and well insulated by the adjoining units. The living area with wet bar is spacious and the ocean views are mesmerizing. From there you can stroll out to the well appointed balcony (covered deck) soak in some more memories, maybe you'll even see a mermaid! The primary suite is fabulous with an oceanfront sitting area and large bath with soaking/jet tub. The remaining two bedrooms and one and one-half bathrooms are located on the west side of the unit. Hurry you don't want to miss this opportunity! Call today to schedule an appointment to view this beauty.

Listing Agent

Vanessa Watson

Coastal Carolina Vacations License #217744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,447

Year Built

  • Built in 1989

Home Design

  • Contemporary Architecture
  • Property Attached
  • Masonry
  • Stucco

Interior Spaces

  • 1,724 Sq Ft Home
  • Wet Bar
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Shared Septic

Additional Features

  • In Ground Pool
  • Ocean Front

Community Details

Overview

  • Association fees include building maintenance, cable TV, electricity, common insurance, flood insurance, ground maintenance, management, pool, sewer/septic, water, walkways
  • Heron Cove Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,447

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Directions: Approximately MP 14.5 on the beach road, North Building.
  • Headline: Awesome Ocean Views!
  • Zoning: CR
  • Road Surface Type: Paved, Public
  • View Type:Pond View: Ocean
  • Ownership: Owned More than 12 Months
  • MLS Status: (10) Active - Active
  • Subdivision Name: Heron Cove
  • Architectural Style: Contemporary
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Interior Amenities: Wet Bar
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile, Vinyl, Vinyl Tile

Exterior Features

  • Pool: Yes
  • Pool Features: Outdoor Pool, In Ground, Association
  • Waterfront Features: Ocean Front
  • Construction Type: Block, Masonry
  • Exterior: Stucco

Garage/Parking

  • Parking Features: Parking Lot, Paved, Off Street, Underground

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Sewer: Shared Septic
  • Water Source: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable TV, Electricity, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Sewer/Septic, Water, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4447.0

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

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 $4,446 $493,600 $180,000 $313,600
2023 $2,027 $506,144 $180,000 $326,144
2022 $2,027 $506,144 $180,000 $326,144
2021 $2,027 $506,144 $180,000 $326,144
2020 $2,027 $506,144 $180,000 $326,144
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 For Sale $790,000 0.0% $458 / Sq Ft
04/07/2025 04/07/25 Off Market $790,000 -- --
04/02/2025 04/02/25 Price Changed $790,000 -5.8% $458 / Sq Ft
11/13/2024 11/13/24 For Sale $839,000 -- $487 / Sq Ft
Source: Outer Banks Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $286,000 Unknown
Source: Public Records

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Source: Outer Banks Association of REALTORS®

MLS Number: 127499

Outer Banks Association of REALTORS®

APN: 030586000