Active

5213 Ocean Drive, E&W

Emerald Isle NC, 28594

$2,395,000


$995.43 per sqft

Active

8 Beds

4 Baths

2,406 sqft

Residential

Built in 1980

Summerplace is a FULL DUPLEX oceanfront Builder-Realtor-owned, meticulously maintained, fully furnished, turnkey investment property in Emerald Isle NC on the Crystal Coast where the water glistens and the homes boast a generous setback from the road for guests' vehicles. Emerald Isle falls among the most highly-rated beaches in the South & East, and lies in highly-rated Croatan school district. Private beach access is along a new solar-lighted deck with 4 steps down to the sand! Home is 15 minutes from the NC Aquarium and 3 miles to the Bogue Island Fishing Pier, plus grocery shopping and restaurants galore. The duplex had gross revenue of $128,000 in 2022, $135,000 for 2023, and $135,000 for 4 months of 2024, the rest was owner use, annualized could be 200K+. There's room for a pool for higher rents! It is self-managed using Airbnb & VRBO. Each side has an individual PIN/Deed #, and can be resold individually. Each has 4br2ba but there are five beds on each side, so the entire duplex of 8 bedrooms sleeps 18. It was renovated 2018 and then each off-season 2021 forward including: replaced double-pane high-impact windows, replaced storm doors, interior/exterior painted, all pre-2021, raised piers replaced hot water heaters, replaced HVAC, redid smooth ceilings, new carpeting, wainscoting, new ceiling fans, can lights, painting of road-side porches, and all new decks all in winter of 22-23, hot water in all THREE new outdoor showers (2023), new granite counters and stainless appliances 2024. Owners hosted two nuptials on the deep .34 acre oceanfront lot, see photos.

There are two septic systems on site, 4BR each, scheduled to be pumped Oct 2024. Pest control is with May Exterminating. Landscaping improvements and 2nd floor upgrades planned for late 2024. Furniture, art, linens, supplies, booking & marketing credentials, as well as any 2025 bookings, all convey. You buy more than the home; it's a turnkey business. Come enjoy the view from the 16' by 16' dune deck!

100468232

MLS ID

October 14, 2024

Listed

November 22, 2024

Updated

Map

5213 Ocean Drive, E&W
Emerald Isle NC, 28594

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

4


Full Bathrooms

4


Interior Features

Master Downstairs, 2nd Kitchen, Ceiling Fan(s), Furnished, Pantry


Appliances

Washer, Vent Hood, Refrigerator, Range, Dryer, Dishwasher


Laundry Description

Inside


Floor Description

LVT/LVP, Carpet


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Heat Pump, Electric, Forced Air

Exterior/Building Features

Lot Size

0.34 Acres


Exterior Features

Outdoor Shower


Lot Features

Dunes, Level


Roof

Architectural Shingle


Sewer

Septic On Site

School Information

High School

Croatan


Elementary School

White Oak Elementary

Other Property Details

Taxes

$5,235


Tax Frequency

Annually


Days on Market

30


Association Fee Frequency

Yearly


Garage

No


Parking

Gravel, Off Street, On Site


Parking Total

0


View

Yes


View Description

Ocean, Water


County

Carteret


Water Source

Municipal Water


Pool

No


Waterfront

Yes


Zoning

RMF

Listing History

Date

Event

Price

10/14/2024

Active

Courtesy of Russell Homes and Land with Meg Russell,
Listing Contact: 919-795-5973 

 

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