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31661343
31661340

907 N Virginia Dare Trail, Kill Devil Hills, NC 27948

CS
NC 190456
$6,400,000
51 days on market
Updated 6 days ago

Shore To Please

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 12,236
Net Rentable (SqFt) 12,236
Units 1
Cap Rate 11.45%
NOI $733,000
Price per SqFt $523
Broker Co-Op Yes
Year Built 2017
Buildings 2
Stories 4
Lot Size (SqFt) 24,000
Zoning OIR
Parking Spaces per unit

Oceanfront Investment Asset | 1 Unit | $6,400,000 | 11.5% GRY

Marketing description

This property has consistently generated over $600,000 in gross rental income per year for multiple years, establishing a proven track record of strong revenue. By eliminating owner-use weeks and optimizing the rental calendar, annual gross income has strong potential to exceed $730,000. These figures translate into excellent net cash flow after typical operating expenses, thanks to high occupancy rates driven by its prime oceanfront location, large group capacity, and extensive amenity package. Full financial CASH FLOW ANALYSIS available. The combination of 23 en-suite bedrooms, resort-style amenities, and direct beach access creates year-round demand from large families, corporate groups, and special event guests. Low maintenance requirements, energy-efficient systems, and a turnkey operation further enhance profitability and minimize owner workload. In one of the Outer Banks’ most sought-after rental markets, this home delivers reliable, high-volume cash flow with significant appreciation potential. Shore To Please represents a rare opportunity to acquire a fully furnished, high-performing oceanfront asset with immediate income-generating capabilities. Whether as a primary investment property or part of a larger portfolio, it offers substantial returns through strong rental performance, operational efficiency, and a desirable location that supports consistent bookings and premium nightly rates.This estate provides the perfect balance of luxury accommodations and smart investment value in a premier coastal market. Offering both personal enjoyment and excellent cash flow!

This is Shore To Please – A Luxury Portfolio Asset with Unbelievable Cash Flow. The sprawling four-level estate stands as one of the most impressive and profitable vacation homes on the North Carolina coast, offering 23 luxurious bedroom suites—each with its own private bathroom with custom tiled showers . The main house includes 21 bedrooms, while the separate pool house adds 2 more suites along with a comfortable sitting room with TV and a stacked washer/dryer. The property offers 25 full bathrooms and 3 half bathrooms. With 16 King beds, 6 Queen beds, 2 Queen-over-Queen built-in bunk beds, and 2 sleep sofas, it comfortably accommodates up to 52 guests. A Savaria elevator offers convenient access for guests, groceries and luggage. Interior amenities are designed for both guest enjoyment and operational efficiency. Highlights include a custom wine room with a unique wine barrel table, a large recreation room with a pool table, foosball, shuffleboard, a bar / kitchenette, and multiple TVs. A dedicated cinema room with terraced seating provides an excellent entertainment option. 30 Smart TVs with streaming are available in every bedroom, great room, rec room, theater room, and cabana. Echo Dots are in all bedrooms, supported by eight wireless access points for reliable connectivity. Fully equipped kitchens, six wine chillers, three refrigerators, four dishwashers and a commercial ice machine add convenience, while the Demand Controller system and tankless water heaters improve energy efficiency and reduce operating costs. Outside, paradise awaits! The centerpiece is a massive 45’ x 21’ heated private pool with a spacious splash deck, perfect for cooling off or lounging in the sun. Two luxurious hot tubs add to the oasis—one on the pool house rooftop party deck offering sweeping ocean views, complemented with chaise loungers a picnic table and stainless cable railing. Multiple covered decks, some with direct bedroom access, plus an elevated dune deck, provide plenty of outdoor living space. Guests enjoy a private dune-top walkway to the beach, two outdoor showers, and multiple gas grills. With more than 22 parking spaces, the estate easily handles large groups. The views of the Atlantic surf are endless!......Asking Price reduced to $6,400.000 That's an 11.5% GRY! see all at: 907NVDT.com

Investment highlights

Cash Flow Positive

Oceanfront OBX

907NVDT.com

Listing Contacts

CS
NC 190456

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$733,000.00
$61,083.33/mo

Valuation Metrics

0
DSCR
11.45%
Cap Rate
11.45%
ROI

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Additional Information

Name
Chandler Spawr
License
190456
Brokerage
Coastal Property Partners
Brokerage Phone
2522029880
Title
Broker / Owner
Brokerage Address
275 Hillcrest Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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