NOT LISTED FOR SALE

5701 Ocean Dr Unit E&W Emerald Isle, NC 28594

Estimated Value: $2,254,202

8 Beds
8 Baths
5,792 Sq Ft
$389/Sq Ft Est. Value

Last Sold December 19, 2023

Last sale price $2,700,000 $466 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $14,076/month

20 Days on Market

Highlights

  • Ocean Front
  • Deeded access to the beach
  • Ocean Side of Freeway
  • White Oak Elementary School Rated A-
  • Second Kitchen
  • Deck

About This Home

As of December 2023

Spectacular Oceanfront Full Duplex property with 8-bedroom, 8-bathroom offering breathtaking views of the Atlantic Ocean. This extraordinary property comes fully furnished and provides the ultimate beachfront living experience just steps away from the beautiful sands of Emerald Isle Beach.Each side of this expansive duplex has a generous amount of living space and features 1st-level family rooms (the west side includes a small kitchen) and a bonus room. Both sides are connected to 2-car garages, ensuring ample parking and storage space. Whether you're seeking a second home, an investment opportunity, or a combination of both, this property offers endless possibilities.Both sides of the duplex are currently utilized as weekly vacation rentals during the peak season, providing a steady income stream. With the inclusion of the lock-off 1st-floor living space and garages, the potential annual total income could be significantly increased to almost $180k.The roof for the property was installed in 2019, new heat pumps, and many new windows, among other enhancements. Please note that both fireplaces have been capped and are nonfunctional.The property is comprised of 2 separate PIN numbers, and the owners are selling the entire duplex. However, the new owner has the flexibility to keep one side for personal use and sell the other side separately.Don't miss this rare opportunity to own a magnificent oceanfront duplex in one of the most coveted locations on the Emerald Isle. Experience the coastal lifestyle at its finest and indulge in the beauty of the Atlantic Ocean. Schedule your showing today!

Last Agent to Sell the Property

Aaron Dominguez

RE/MAX Elite Realty Group License #316167 Listed on: 10/03/2023

Last Buyer's Agent

Aaron Dominguez

Coldwell Banker Alliance Group Realty License #316167

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1987

Lot Details

  • Lot Dimensions are 75'x200'x75'x200
  • Ocean Front
  • Dunes

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 5,792 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Thermal Windows
  • Double Pane Windows
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Bonus Room
  • Ocean Views

Kitchen

  • Second Kitchen
  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 8 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • 4 Car Attached Garage
  • Front Facing Garage
  • Circular Driveway

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Water Softener
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association
  • Fire and Smoke Detector

Listing and Financial Details

  • Assessor Parcel Number 630418307853000

Townhouse Details

Home Type

Townhome

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 1987
  • Road Frontage Type: Ocean Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 2
  • Flooring: Carpet, Tile, Vinyl
  • Heated Sq Ft: 5500 - 5999
  • Interior Amenities: 2nd Kitchen, Blinds/Shades, Ceiling - Vaulted, Ceiling Fan(s), Furnished, Reverse Floor Plan, Smoke Detectors, Walk-in Shower, Walk-In Closet, Whirlpool
  • Laundry Location: Closet, Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 500.69
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 8
  • Total Bathrooms: 8.00
  • Bedrooms: 8
  • Number Rooms: 18
  • Bedroom 1 Level: Third
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bonus Room Level: First
  • Dining Room Level: Third
  • Family Room Level: First
  • Kitchen Level: Third
  • Living Room Level: Third
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 5792.00
  • Total Heated Primary Separate Sq Ft: 5792.00

Exterior Features

  • Exterior Features: DP50 Windows, Outdoor Shower, Thermal Windows
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Pilings, Slab
  • Porch Balcony Deck: Covered, Deck, Open
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 4.00
  • Total Garage Spaces: 4.00
  • Parking Driveway: Circular, Concrete, Garage Faces Front, On Site, Paved

Utilities

  • Appliances Equipment: Bar Refrigerator, Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer, Water Softener
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Water, Septic On Site
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 228.00
  • Lot Acres: 0.29
  • Lot Description: Dunes
  • Lot Dimensions: 75'X200'X75'X200
  • Lot Sq Ft: 12632.00
  • Lot Water Features: Deeded Beach Access, Ocean Side, Waterfront Comm
  • Plat Book: 10O
  • Plat Page: 54
  • Special Assessments: None Known
  • Zoning: Residential
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 630418307853000
  • Tax Year: 2022

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
Dec 22, 2019
Closed on
Apr 12, 2021
Sold by
Tylec William J and Tylec Shelley L
Bought by
Seascape Townhome Owners Association Inc
Seller's Agent
Lorna Riggs
Bluewater Real Estate - EI
Buyer's Agent
Aaron Dominguez
Coldwell Banker Alliance Group Realty
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$2,254,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,202
Avg. Annual Appreciation
7.92%
Source: Public Records

Range of Values:

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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
Seascape Townhome Owners Association Inc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/19/2023 12/19/23 Sold $2,700,000 -6.9% $466 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $2,900,000 +81.3% $501 / Sq Ft
04/26/2021 04/26/21 Sold $1,600,000 0.0% $276 / Sq Ft View Prior Sale
02/14/2021 02/14/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $1,600,000 0.0% $276 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
12/22/2019 12/22/19 For Sale $1,600,000 -- $276 / 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
2025 -- $52,577 $0 $52,577
2024 -- $0 $0 $0
2023 -- $1 $1 $0
2022 $0 $1 $1 $0
2021 -- $1 $1 $0
2020 $0 $0 $0 $0
2019 $0 $1 $0 $0
2017 $0 $1 $1 $0
2016 -- $1 $1 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100407799

Hive MLS

APN: 6304.18.30.7862000