NOT LISTED FOR SALE

8 Ocean Blvd Kitty Hawk, NC 27949

Estimated Value: $1,832,000 - $2,045,000

10 Beds
12 Baths
5,100 Sq Ft
$380/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $1,175,000 $230 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $10,862/month

73 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Second Refrigerator
  • First Flight Middle School Rated A-
  • Heated In Ground Pool
  • Engineered Wood Flooring

About This Home

As of December 2020

8 Ocean Blvd, Southern Shores- This 10bd/10bth plus 2 half bath home for sale in Southern Shores will blow you away!! Impeccably maintained this house for sale in Southern Shores is the one you have been waiting for. Rum Runner offers 5100 sq. ft of living space with 10 master bedrooms, ocean views, elevator, private pool area with hot tub, outdoor tv, tiki bar, grill, outdoor shower, and approx. 475ft to the beach via a walkway right out the side pool gate. This Outer Banks rental machine has been a dream house for renters year after year generating approx. $130,000 a year in gross rental income. The ground floor offers 3 bedrooms, pool table, sitting area with wet bar, refrigerator, and access to the pool. The 2nd floor has 5 bedrooms, media area with a 65" tv as well a separate card table area. The huge top floor is wide open with a spacious living area anchored by a 70" 4K tv, a dream kitchen with granite countertops, 2 refrigerators, 2 dishwashers, and center island that seats 8. There are 2 dining room tables to accommodate large parties plus 2 master bedrooms to finish off the top floor. Off the living room you can step out onto the deck to take in the views of the ocean and Kitty Hawk Fishing Pier. New items for 2020 include hot water heater, pool refurbish, microwave, new lower level HVAC 2019. Located in X-flood zone so no flood insurance is required. There are not many 10-bedroom homes in Southern Shores so don't miss out on your chance to own one. This Outer Banks beach house is centrally located to shops, restaurants, and all the Outer Banks has to offer.

Last Agent to Sell the Property

Matt Huband

OBX Realty Group, LLC License #223529 Listed on: 07/31/2020

Last Buyer's Agent

Hugh Willey

Sun Realty - KDH License #238260

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,946

Year Built

  • Built in 2003

Lot Details

  • 0.47 Acre Lot
  • Level Lot

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 5,100 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Beach Access
  • Sun Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1-R / 9

Community Details

Overview

  • So/Sh Amended Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,946

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Past BP Station Across From Southern Shores Realty
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Elevator, Hot Tub, Outside Lighting, Outside Shower, Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: SO/SH Amended Portion Sec 1
  • Headline: Amazing 10bd w/Ocean Views
  • Heated Sq Ft: 5100
  • L V T Date: 07/31/2020
  • Roads: Easement Access, Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Advertised Income 2020: 112816
  • Advertised Income 2021: 111297
  • Deed Book Pg Number: 2010
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C22431
  • 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, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Engineered Wood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

  • Cooling: Central
  • Heating: Central, Heat Pump
  • Fuel Tanks: Owned
  • Septic Fee: 800
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 20500
  • Lot Description: Level
  • Lot Number: Lot 1-R
  • Estimated Lot Size: 0.47
  • Deed Book: 1826

Rental Info

  • Est Annual Rental Income: 134000
  • Estimated Rental Performance: 0.114
  • Flood Expenses: 764
  • Other Expenses: 660
  • Poolspa Expense: 2400
  • Rental Co: Outer Banks Blue
  • Rental Cottage Name: Rum Runner
  • Rental Cottage Number: SS-012
  • Rental Phone Number: 252-255-1220
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 3180
  • Annual Electric: 7200
  • Annual Water Expense: 2082

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2019
  • Taxes: 8946.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Dec 7, 2020
Sold by
Mahilo Alan George and Mahilo Lisa Ann
Bought by
Meshanski Joseph A and Meshanski Debra S
Seller's Agent
Matt Huband
OBX Realty Group, LLC
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$1,339,000
Sold Price
$1,175,000
Premium/Discount to List
-$164,000
-12.25%
Current Estimated Value
$1,938,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$763,993
Avg. Annual Appreciation
10.43%
Original Mortgage
$822,500
Outstanding Balance
$731,908
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,207,085

Purchase Details

Listed on
Jul 31, 2020
Closed on
Dec 3, 2020
Sold by
Mahilo Alan George and Mahilo Lisa Ann
Bought by
Meshanski Joseph A and Meshanski Debra S
Seller's Agent
Matt Huband
OBX Realty Group, LLC
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$1,339,000
Sold Price
$1,175,000
Premium/Discount to List
-$164,000
-12.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,500
Outstanding Balance
$731,908
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,207,085

Purchase Details

Closed on
Jan 25, 2010
Sold by
Jernigan Stephen E and Jernigan Annette F
Bought by
Mahilo Alan George and Mahilo Lisa Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Jernigan Stephen E
Bought by
Jernigan Annette F

Purchase Details

Closed on
Nov 10, 2005
Sold by
Jernigan Enterprises And Development Inc
Bought by
Jernigan Stephen E and Jernigan William K
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Meshanski Joseph A $1,175,000 None Available
Meshanski Joseph A $5,875,000 None Listed On Document
Mahilo Alan George $805,000 None Available
Jernigan Annette F -- None Available
Jernigan Stephen E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meshanski Joseph A $822,500
Closed Meshanski Joseph A $822,500
Previous Owner Mahilo Alan George $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $1,175,000 -5.9% $230 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
10/02/2020 10/02/20 Price Changed $1,249,000 -2.0% $245 / Sq Ft
09/16/2020 09/16/20 Price Changed $1,275,000 -1.8% $250 / Sq Ft
08/25/2020 08/25/20 Price Changed $1,299,000 -3.0% $255 / Sq Ft
07/31/2020 07/31/20 For Sale $1,339,000 -- $263 / 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
2025 $8,435 $1,762,500 $783,900 $978,600
2024 $8,161 $1,191,000 $344,100 $846,900
2023 $8,161 $1,224,876 $344,100 $880,776
2022 $8,161 $1,224,876 $344,100 $880,776
2021 $9,553 $1,224,876 $344,100 $880,776
2020 $9,759 $1,403,236 $344,100 $1,059,136
2019 $8,946 $1,060,500 $372,400 $688,100
2018 $0 $1,060,500 $372,400 $688,100
2017 $7,749 $892,800 $372,400 $520,400
2016 $5,972 $892,800 $372,400 $520,400
2014 $5,972 $892,800 $372,400 $520,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110369

Outer Banks Association of REALTORS®

APN: 022819009