1. North Carolina
  2. Emerald Isle
  3. 5213 Ocean Drive E&W
$2,395,000

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

  • 8 beds |
  • 4 baths |
  • 2,406 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $995/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

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!

Listing Status:
Active
Date Added:
October 14, 2024 at 05:00AM
Listing Office:
Russell Homes and Land : (919) 795-5973
MLS ID:
100468232
  • General: Master Downstairs2nd KitchenCeiling Fan(s)FurnishedPantry
  • Appliances: WasherVent HoodRefrigeratorRangeDryerDishwasher
  • Laundry: Inside
  • Flooring: LVT/LVPCarpet
  • A/C: Central Air
  • Heating: Heat PumpElectricForced Air
  • Fireplace: None
  • Disability Feature: None

This listing courtesy of Russell Homes and Land

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

White Oak Elementary School

555 Wb McLean Dr, Cape Carteret, NC, 28584

Grades PK-5

4.63 miles away

B

Broad Creek Middle School

2382 Highway 24, Newport, NC, 28570

Grades 6-8

5.61 miles away

C

Croatan High School

3355 Highway 24, Newport, NC, 28570

Grades 9-12

3.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.