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5213 Ocean Drive #E&WEmerald Isle, NC 28594

  • House
  • $2,395,000
  • 2,406 SQFT
  • 8 Bedrooms
  • 4 Bathrooms
  • 2,406 SQFT

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!

Last Checked
1 minute ago
Last Updated
Oct 25, 2024
Days on Website
87
Type
House
Year Built
1980
Neighborhood
Not In Subdivision
County
Carteret
Elementary School
White Oak Elementary
Middle School
Broad Creek
High School
Croatan

Property Details for 5213 Ocean Drive #E&W

5213 Ocean Drive #E&W is a house for sale in Emerald Isle, NC 28594. This 2,406 SQFT house sits on a 0.34 acre lot and features 8 bedrooms and 4 bathrooms. Built in 1980, this house has been on the market for a total of 87 days and is currently priced at $2,395,000.

All

Meg Russell

Russell Homes and Land

919-795-5973

Please contact Meg Russell at Russell Homes and Land direct by phone at 919-795-5973. You may also reach Russell Homes and Land by phone at null.

Listing Provider for 5213 Ocean Drive #E&W

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Meg Russell
Agent Phone Number:
919-795-5973
Office:
Russell Homes and Land
Office Phone Number:
MLS ID:
100468232
Data Source:
North Carolina Regional MLS
Last Checked:
1 minute ago
Last Updated:
October 25, 2024 9:58 PM UTC
Days on Site:
87
North Carolina Regional MLS