$1,155,000
SOLD JAN 7, 2019

8229 S Old Oregon Inlet Rd Nags Head, NC 27959

10 Beds
9 Baths
4,430 Sq Ft
0.41 Acres

Recently Sold

$261 Per Sq Ft

4% Below List Price

7 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of December 2023

One of the most sought after locations in all of South Nags Head with a highly vegetated stable dune for extra protection from Nor'easters. Located along a 4 mile stretch of private oceanfront beaches. This 10 bedroom investment home generated 10% GRI in 2017 and already has $133,975 on the books for 2018 (12% return). Seller limits rental weeks, so investor buyer could open all spring and fall calendar to generate higher income. Recent upgrades include; stainless steel appliances, updated baths, and newer laminate flooring in great room. The views from the top level are outstanding with lots extra windows to add an abundance of natural light. The floor plan is open and spacious, perfect for a large crowd to gather. Top Level includes; great room with amazing ocean and beach views, gas fireplace (not connected), dining table seats 16 to 18, wet bar with custom cabinets & wine cooler, and 2 master suites. Mid Level: Large open main entry, 5 bedrooms, 2 with private access to east side deck with hot tub. Ground Level: Huge game room with wet bar, full size 2nd refrigerator, microwave, and dishwasher. 3 Bedrooms, full shared hall bath, jack and jill bath, and 1/2 bath accessible from pool, and a 12x32 private pool. In 2017 Serenity generated $120,910, and 2016, over $124,000. Already $133,975 on the books for 2018. Consistent income producer and perfect for any investor. BRAND New Quartz countertops being installed in Kitchen, Wet bar area on Top Level, and countertop on ground level in game room.

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 11/09/2018

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Daphne Degabrielle

Outer Banks Realty Group License #136949

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,490

Year Built

  • Built in 1999

Lot Details

  • 0.41 Acre Lot
  • Beach Front
  • Fenced Yard
  • Level Lot

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,430 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Marble Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot # 54

Community Details

Overview

  • Bodie Isl Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,490

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Central Vacuum, Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: VE
  • Headline: 133,975 2018 Income!
  • Heated Sq Ft: 4430
  • L V T Date: 11/09/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 3
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0182
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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 w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 10
  • Countertops: Marble, Solid Surface
  • Floor Coverings: Tile, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Parking Lot, Paved

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 18000
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot # 54
  • Estimated Lot Size: 0.41
  • Deed Book: 1572

Rental Info

  • Est Annual Rental Income: 191000
  • Estimated Rental Performance: 0.1654
  • Lease Terms: Weekly
  • Rental Co: Sun Realty
  • Rental Cottage Name: Serenity
  • Rental Cottage Number: 526-B
  • Rental Phone Number: 252-441-7033
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2018
  • Taxes: 9490

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2025
Sold by
Peel Jason and Peel Mary Helen
Bought by
Coastal Blue Dare Ii Llc
Current Estimated Value
$2,533,746

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%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%
Original Mortgage
$1,509,000
Interest Rate
7.29%
Mortgage Type
New Conventional

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
Source: Public Records

Similar Home in Nags Head, NC

  • 9516 S Old Oregon Inlet Rd Unit Lot 15,16, Nags Head, NC 27959

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    • 8 Beds
    • 3.5 Baths
    • 3,040 Sq Ft
    • 9516 S Old Oregon Inlet Rd
    • Unit Lot 15,16
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    FABULOUS SOUTH CREEK ACRES HOME on ... "2 LOTS!" ... Yes, this home is situated on TWO "2" PRIME SEMI-OCEANFRONT LOTS in South Nags Head! ***Excellent Investment in having "2" Lots - See MLS# 128916 - Land Separately Listed for Sale! *** FYI ... If the New Owner wishes to add a Pool or otherwise engage in any activity with the home that requires a building permit the Town of Nags Head will

    John Leatherwood Coldwell Banker Seaside Realty KH

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,800,000 None Listed On Document
Warranty Deed $2,515,000 None Listed On Document
Warranty Deed $1,665,000 None Listed On Document
Warranty Deed $1,665,000 None Available
Warranty Deed $1,155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,509,000 New Conventional
Previous Owner $1,332,000 New Conventional
Previous Owner $921,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $924,000 New Conventional
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

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 $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

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 102644

Outer Banks Association of REALTORS®

APN: 006988000