MLS # 103576
4008 S Virginia Dare Trail
Nags Head, NC 27959
$1,195,000
2
Bedrooms
1 Full
1 Partial
Bathrooms
1,944
Sq. Ft.

About This Property

Speaking about this historic site at the time of its listing in the National Register of Historic Places, Outer Banks historian David Stick said: "Let's put it this way, I would say next to Jockey's Ridge and the Wright Brothers Memorial, it is the most historically significant place on the northern Outer Banks" This rare offering is available to the discriminating buyer(s) that likely wish to own and restore the original historical structures located just SE of Jockey's Ridge, overlooking the well known Cottage Row in Nags Head! Considerable history abounds to all interested parties and it is suggested that interested parties visit osob.net which has several links provided by the owners. This data is provided by the current owners. Several articles have been posted in the associated documents of the listing which will provide great insight into the history and potential opportunities for the potential buyer. Pricing has been established based on the added historical value of the properties and the associated owners who were some of the few who had vision for the future! As noted in the documentation, the two structures were originally located on the sound and later moved to the beach as the projected beach growth was envisioned back in the early 20th century. The rear building on the property does not have an active occupancy permit and would require a substantial amount of improvements. Similarly the front building, the old store, needs considerable updating, work that may be eligible for certain tax credits through the State Historic Preservation Office. Should a buyer wish to take those options, a private owner of a National Register property becomes obligated to follow federal preservation standards ONLY if the owner seeks and receives a special benefit that derives from the National Register designation, such as a grant or a tax credit. With respect to the National Register, care will be needed if the buyer is to maintain the historic designation. Use the links below for more info: https://en.oxforddictionaries.com/usage/historic-or-historical http://www.hpo.ncdcr.gov/NRfacts1-What.pdf

Property Details

MLS:
103576
Address:
4008 S Virginia Dare Trail
Town:
Nags Head
Price:
$1,195,000
Estimated Monthly Mortgage:
$5,433/mo.
Listing Agent:
Thompson, John
Listing Company:
Windswept Properties, LLC
Area:
Nags Head between hwys
Subdivision:
None
Waterfront Location:
Semi-Oceanfront (2nd row)
Oceanside Location:
 
Soundside Location:
 
Bedrooms:
2
Baths:
1 Full / 1 Partial
Heated Area:
1,944 Sq ft.
Year Built:
1935
Rental Co:
None
Rental Cottage Number:
 
Annual Income:
 
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