MLS # 105256
1305 S Virginia Dare Trail
Kill Devil Hills, NC 27948-0000
$4,933,300
 
Bedrooms
Bathrooms
120,000
Sq. Ft.

About This Property

Largest oceanfront parcel currently available on the Outer Banks and is being sold as a Cottage Court or a Cluster Housing Project consisting of 17 four bedroom four and one-half bath houses. Both uses are now permitted uses in the Town of Kill Devil Hills. There will be 4 oceanfront cottages and 13 oceanside cottages and a 1200 sqft oceanfront pavilion for the use of all residents. All parking will be under the units. As Cluster Housing the units can be sold individually and as a Cottage Court they must be owned by a single entity. Preliminary engineering and discussions with the Town Planning indicate a 68 room suite hotel or a condominium complex consisting of 68 bedrooms can be constructed on the property as well. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach with no erosion and no sand tax. The property currently has 7 homes with profitable rental income until redevelopment begins This would be the first Oceanfront Cluster Home Development on the Outer Banks! Other uses include hotels, multifamily, lot coverage 55%, maximum height 50 feet and up to 0.50 floor area ratio. Digital files available for agents to email to clients, call Eddie at 252-475-0874.

Property Details

MLS:
105256
Address:
1305 S Virginia Dare Trail
Town:
Kill Devil Hills
Price:
$4,933,300
Estimated Monthly Mortgage:
$22,429/mo.
Listing Agent:
Goodrich, Eddie
Listing Company:
Village Realty Holdings, LLC - NH
Area:
Kill Devil Hills Oceanside
Subdivision:
Kill Devil Bch
Waterfront Location:
Oceanfront
Oceanside Location:
 
Soundside Location:
 
Lot Size:
120000 sq ft
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