MLS # 103389
27173 Ocean Street
Salvo, NC 27972
$900,000
 
Bedrooms
Bathrooms
23,150
Sq. Ft.

About This Property

PREMIER.... LOCATION - LOCATION - LOCATION ..2X LARGEST OCEAN FRONT LOT HATTERAS ISLAND ..2 Lots ...**Can Recombine As One Big Ocean Front Lot or Keep As Two** ....(Estate Size Lot = 23,150+/- sq ft)...**NO CAMA SET BACK** ....BEST FLOOD ZONE AE8 (8 ft above sea level) ..**Double Dune** ...CALL BROKER....*BUILD TO SUIT(5-24) Br+/- .....(3-5) STORIES 52 FT HIGH....**Destination Vacation Rental**Weddings**Family Reunions**Corp Events...or COMMERCIAL (MULTI FAMILY 10+ UNITS RESORT..SEE PLAN ATTACHED )** S1 Zoning = All Uses Permitted ...Residential + Commercial (Multi Family/BnB/Restaurant/Motel (12-48) Br+/-) OK**....BELOW MARKET $$ PRICE...See MARKET $$ ANALYSIS $949,150 attached ***PRIVATE STREET AWAY FROM NC HWY 12.. *OPPORTUNITY IS KNOCKING*.. OWN + BUILD... LARGEST "OCEAN FRONT" POOL HOME ON HATTERAS ISLAND..**SEE AERIAL VIRTUAL TOUR**....*YOU WILL NEED THIS SIZE BIG OCEAN FRONT LOT TO BUILD BIG (5-24+/-) BR OCEAN FRONT POOL HOUSE with NEW REGS for SEPTIC + PARKING***CAN BUILD (3 - 5) STORIES 52 FT HIGH (above all others)***S-1 Zoning = 30% Lot Coverage RESIDENTIAL (6,945 sq ft ...5-24+/- Br) ... or ... 60% Lot Coverage COMMERCIAL (13,890 sq ft = 24- 46+/- room motel) ...*OPPORTUNITY TO MAX NUMBER OF BR FOR MAX RENTAL $$ INCOME***LARGEST "OCEAN FRONT" LOT HATTERAS ISLAND (Buildable "High Land" Area) ***XTRA LARGE "DOUBLE DUNE' (protection)***CALL BROKER***...2 Adjoining LOTS OCEAN FRONT (1/2++ AC = 0.53 AC+/-) 23,150 +/- sq ft **CAN RECOMBINE AS ONE LOT***NO CAMA SET BACK....BEST FLOOD ZONE AE8 **S1 ZONING ALL USES PERMITTED RESIDENTIAL + COMMERCIAL..**SEE RECORDED SURVEY**OCEAN STREET IS PRIVATE ROAD **NO THRU TRAFFIC.** ...BOTH LOTS HAVE COMMON LOT LINE ...CENTER OF OCEAN STREET***.... RENTABLE $$ MACHINE****ACCEPTING OFFERS ON LINE......RENTAL PROJECTION $250,000 - $400,000+/- (1- 2 HOMES)....See "BOARD WALK TO OCEAN FRONT BEACH" (possible connect to Boardwalk - CAMA Permit Req'd on Park Service Line )....SAFE AE8 FLOOD ZONE...***CALL BROKER****NO HOA***NO DEED RESTRICTIONS***S1 ZONING = ALL USES PERMITTED***.."VACATION DESTINATION HOME"..."DREAM HOME"..**HIGHEST RENTAL $$ INCOME POTENTIAL**..FAMILY REUNIONS.....WEDDINGS...CORP EVENTS....AirBnB.....VRBO....LOCAL PROPERTY MANAGEMENT AVAILABLE...HIGH DEMAND....#1 LOCATION...****EXISTING BEACH BOARDWALK + LANDING OVER DUNES.(SEE PICTURES...WIDE SAFE OCEAN FRONT BEACH).***...."NEW BRIDGE" NC12 Oregon Inlet "Now Open" + "New" Rodanthe Bridge "UNDER CONSTRUCTION" ..."FAMILY BEACH" COMMUNITY...KITTY HAWK KITES & REAL KITES - WATER SPORTS RESORTS NEARBY..+ SALVO SOUND FRONT PARK (nearby NC12)....LARGEST OPEN BEACH OUTER BANKS .....FISHING...SHELLING...BOATING....RESTAURANTS....GIFT SHOPS...DINING...HISTORIC SALVO POST OFFICE + CHICAMACOMICO LIFE SAVING STATION + NIGHTS OF RODANTHE (movie house) NEARBY.......(2) lots = (1) Ocean Front + (1) 1-back Ocean Front ...CAN "RECOMBINE"....both lots share same lot line "CENTER of PRIVATE STREET" - "DEAD END" - "NO THRU TRAFFIC"...CALL BROKER....(all Lots in this subdivision were recorded with same lot line w/ 10 ft easement off each lot line from center of road (lot line).. ..(2) ADJOINING LOTS TO BE SOLD TOGETHER ...... S-1 Zoning = all uses permitted ...NO HOA...No Deed Restrictions....Can build (2) 5-8+ Br homes ...or (1) 8-14+Br "Ocean Front" Home...or Condo - Multi Family - B&B - MOTEL.....WILL "BUILD TO SUT" ... "TURNKEY" ......PROOF OF $$ FUNDS TO CLOSE or LETTER OF CREDIT / MORTGAGE PRE QUALIFICATION .....$10,000 DEPOSIT (Refundable) 30 days due diligence (inspection)....close 45 days...****SEE CMA = MARKET VALUE 1/19/2019 = $949,150 ($41.00 sq ft ).****..see pictures and associated doc's ...CALL BROKER**.....***NOTE: New Bridges ...Now Open 3/2019.. NC 12 Oregon Inlet...another Under Construction NC12 Rodanthe ***NO CAMA SET BACK.... AE8 FLOOD ZONE***

Property Details

MLS:
103389
Address:
27173 Ocean Street
Town:
Salvo
Price:
$900,000
Estimated Monthly Mortgage:
$4,092/mo.
Listing Agent:
Jakob, Frank
Listing Company:
Cape Hatteras Realty & Const.
Area:
Salvo Oceanside
Subdivision:
Salvo Beach
Waterfront Location:
Oceanfront
Oceanside Location:
 
Soundside Location:
 
Lot Size:
23150 sq ft
Map
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