8229 S Old Oregon Inlet Rd Nags Head, NC 27959
Estimated Value: $2,169,000 - $2,906,000
10
Beds
9
Baths
4,516
Sq Ft
$547/Sq Ft
Est. Value
Highlights
- Beach Front
- Heated In Ground Pool
- Cathedral Ceiling
- Ocean View
- Second Refrigerator
- Hydromassage or Jetted Bathtub
About This Home
As of December 2023***Rental Income Producer**** In 2022 and 2023, the property generated a fantastic rental income of $268,000. Carolina Designs and Twiddy project at least $339,000 or more in rental income if seller opened the entire calendar. See projections in associated docs. Discover this irresistibly attractive waterfront property that has undergone an array of impressive enhancements. Embrace breathtaking, unhindered vistas of the ocean from this awe-inspiring 10-bedroom coastal retreat in South Nags Head, meticulously prepared for your immediate enjoyment. With an impressive 10% return on investment and a contemporary coastal ambiance, this home is an absolute turn-key opportunity, offering both the delights of a beachfront haven and strong, steady rental income. Recent aesthetic and functional updates were made with quality and sophisticated elegance in mind, including luxury vinyl plank flooring harmonizing the common areas, two top floor master suites with private bathrooms, stylish vanities adorned with Quartz countertops, upgraded light fixtures and toilets. Tastefully curated furnishings throughout this home, boast renowned brands such as Pottery Barn and West Elm. Indulge in delightful meals around the large custom dining table. Enjoy the recently expanded 2-level oceanside decks, with Trex decking and charming new wood composite furniture. The kitchen and wet bar feature beautiful granite countertops. Within the past year, the lower and mid-levels have been upgraded with two new AC condenser units. The roof and water heaters were replaced in 2021. The Top Level is a wide-open concept encompassing the main living area, kitchen, and dining spaces providing "to-die-for" ocean views with abundant natural light! The massive chef's kitchen has ample counterspace, eat-on bar for 5, granite countertops, stainless steel appliances, and plenty of cabinetry for all your storage needs. Additionally, this level boasts an inviting wine and coffee bar complete with a wine cooler, powder bath, and 2 generous size king ensuites with private baths. The mid-level includes two oceanfront king ensuite bedrooms with sliding glass doors leading to a covered deck complete with a soothing hot tub. This level offers three additional bedrooms, a utility closet with a washer/dryer, and the spacious and inviting front entry with a covered porch, an idyllic spot to relish Outer Banks sunsets. The lower level features a game room equipped with a pool table and an exciting new full size stand-up arcade game with 60 classic games, a wet bar with full size refrigerator, microwave, and a cozy sitting area. Also on this level is a full-sized laundry area, and three additional bedrooms (2 share a Jack and Jill bath), a full hall bath, and a powder room, with the convenience of direct access to the private 12'x32' heated pool. The property's highly sought after location lies between Jeannette's Pier and Outer Banks Fishing Pier, providing an unbeatable tranquil, non-commercial ambiance with effortless proximity to shops and restaurants. Notable nearby attractions include the Pea Island Wildlife Refuge, Oregon Inlet, two world-class fishing centers, Tanger Outlets, Historic Manteo, and Jockey's Ridge. This extraordinary oceanfront income-generating gem represents not only a prudent investment but also a splendid abode to savor for years to come.
Last Listed By
Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 11/04/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,433
Year Built
- Built in 1999
Lot Details
- 0.44 Acre Lot
- Beach Front
- Property is zoned R2
Home Design
- Reverse Style Home
- Frame Construction
- Asphalt Shingled Roof
- Shake Siding
- Piling Construction
- Vinyl Construction Material
Interior Spaces
- 4,516 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Window Treatments
- Entrance Foyer
- Game Room
- Utility Room
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
- Wine Cooler
- Granite Countertops
- Quartz Countertops
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- En-Suite Primary Bedroom
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Parking
- Paved Parking
- Off-Street Parking
Pool
- Heated In Ground Pool
- Fiberglass Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Patio
- Exterior Lighting
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Listing and Financial Details
- Legal Lot and Block #54 / 3
Community Details
Overview
- Bodie Isl Beach Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2023
Closed on
Dec 15, 2023
Sold by
Weinberg Edward J and Weinberg Melissa A
Bought by
Narragon Daniel A and Narragon Melissa T
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Hunter Davis
Twiddy and Company - Corolla
List Price
$2,595,000
Sold Price
$2,515,000
Premium/Discount to List
-$80,000
-3.08%
Total Days on Market
18
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,285
Avg. Annual Appreciation
-1.21%
Original Mortgage
$1,509,000
Outstanding Balance
$1,488,152
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$983,563
Purchase Details
Listed on
Feb 26, 2021
Closed on
May 20, 2021
Sold by
Heou Thomas K and Kim Yong Ja
Bought by
Weinberg Edward J and Weinberg Melissa A
Seller's Agent
Al Friedman
Sun Realty - KDH
Buyer's Agent
Ashley Massey
Landmark Sotheby's International Realty
List Price
$1,674,900
Sold Price
$1,665,000
Premium/Discount to List
-$9,900
-0.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.41%
Original Mortgage
$1,332,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 9, 2018
Closed on
Jan 4, 2019
Sold by
Renee Fromberh Edward P and Renee Fromberh
Bought by
Heuu Thomas K and Kim Young J
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Daphne Degabrielle
Outer Banks Realty Group
List Price
$1,199,000
Sold Price
$1,155,000
Premium/Discount to List
-$44,000
-3.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.54%
Original Mortgage
$924,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Nags Head, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Narragon Daniel A | $2,515,000 | None Listed On Document | |
| Weinberg Edward J | $1,665,000 | None Listed On Document | |
| Weinberg Edward J | $1,665,000 | None Available | |
| Heuu Thomas K | $1,155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Narragon Daniel A | $1,509,000 | |
| Previous Owner | Weinberg Edward J | $1,332,000 | |
| Previous Owner | Heou Thomas K | $921,000 | |
| Previous Owner | Heuu Thomas K | $924,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $2,515,000 | -3.1% | $557 / Sq Ft |
| 11/22/2023 11/22/23 | Pending | -- | -- | -- |
| 11/04/2023 11/04/23 | For Sale | $2,595,000 | +55.9% | $575 / Sq Ft |
| 05/28/2021 05/28/21 | Sold | $1,665,000 | -0.6% | $376 / Sq Ft |
| 04/10/2021 04/10/21 | Pending | -- | -- | -- |
| 03/29/2021 03/29/21 | For Sale | $1,674,900 | 0.0% | $378 / Sq Ft |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- |
| 03/08/2021 03/08/21 | Price Changed | $1,674,900 | -4.3% | $378 / Sq Ft |
| 02/26/2021 02/26/21 | For Sale | $1,750,000 | +51.5% | $395 / Sq Ft |
| 01/07/2019 01/07/19 | Sold | $1,155,000 | -3.7% | $261 / Sq Ft |
| 11/16/2018 11/16/18 | Pending | -- | -- | -- |
| 11/09/2018 11/09/18 | For Sale | $1,199,000 | -- | $271 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $11,441 | $1,222,800 | $622,300 | $600,500 |
| 2023 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2022 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2021 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2020 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2019 | $4,806 | $996,900 | $484,900 | $512,000 |
| 2018 | $4,806 | $996,900 | $484,900 | $512,000 |
| 2017 | $4,806 | $996,900 | $484,900 | $512,000 |
| 2016 | $4,397 | $996,900 | $484,900 | $512,000 |
| 2014 | $9,514 | $996,900 | $484,900 | $512,000 |
Source: Public Records
Agents Affiliated with this Home
-
Heather VanderMyde
Seller's Agent in 2023
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
(252) 202-2375
488 Total Sales
-
Trish Berruet
Seller Co-Listing Agent in 2023
Trish Berruet
Coldwell Banker Seaside Realty - KDH
(252) 256-2761
69 Total Sales
-
Hunter Davis
Buyer's Agent in 2023
Hunter Davis
Twiddy and Company - Corolla
(704) 936-6456
179 Total Sales
-
Al Friedman
Seller's Agent in 2021
Al Friedman
Sun Realty - KDH
(410) 353-3927
31 Total Sales
-
Ashley Massey
Buyer's Agent in 2021
Ashley Massey
Landmark Sotheby's International Realty
(252) 202-4874
57 Total Sales
-
Daphne Degabrielle
Buyer's Agent in 2019
Daphne Degabrielle
Outer Banks Realty Group
(252) 475-4147
51 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 123840
APN: 006988000
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Information is deemed reliable but not guaranteed.
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