Property Description
Over $113K in rents in 2022, not counting almost $10K in owner weeks taken during desirable periods and Thanksgiving and Christmas which, are yet to, but probably to book for another $5K. $125K possible? Hard to find another 4 bedroom home that produces like this. Renovated last year, with rental income in mind, this money maker or better said Beach GEM is a fantastic investment for the exploding Hatteras Island rental market. As the northern beaches become more and more crowded, many of the original visitors to the Outer Banks seek the pace and lifestyle we used to offer. Insert Hatteras Island, hidden from the 4 lane bypasses and still operating under the relaxing island lifestyle. Any concerns about beach erosion, Salvo sits on the northern tip of HI, with Beach Gem having 100+ yards of well established dune in front providing excellent protection from the storms that batter other oceanfront properties. In addition, the soon to be open Jug Handle Bridge provides Hatteras residents a route around the famously fragile S-Turns in Rodanthe reducing the likelihood of island being cut off. Big income, in a blossoming region of our beaches. If investing is your game, Beach GEM is the name.
Interior Features
: Electric
: Central
Carpet,Ceramic Tile
: Laminate
: Dishwasher, Dryer, Microwave, Range/oven, Refrigerator, Washer
: Dryer connection, Washer connection, Some windows treated
: Game Room, Breakfast Nook
Yes
Exterior Features
Oceanfront
: Ocean
Beach Access,Ceiling Fan(s),Common Laundry Area,Co
Yes
: Outdoor, In Ground, Private Pool, Fiberglass
Private
: Shakes
: Frame, Wood
Piling
Asphalt/Fiber Shingle
None
: Off street
0 Sqft
RES
0
Additional Info
Dare
Salvo
$0
No
: Municipal
119778
2021
3354.38
: Private septic
: Active
Shaded X
History
09/20/2022
$1,100,000
10/14/2022
$995,000
85
0
$0
Listing Agent
Ian Lassiter
Keller Williams - Outer Banks
Address Map
Colony Drive
26397
Lot 11
W76° 32' 4.9''
N35° 33' 12.5''

26397 Colony Drive
Salvo NC 27972

Subdivision: Hatteras Colony
4 Bedrooms
2 Full Baths
1,680 Sqft
$995,000
9.55%
MLS number #119778
Listing Date: 07/21/2022
Basic Details
Property Type : Single Family - Detached
Status : Active
Days On Market : 85
Area : Salvo Oceanside
Bedrooms : 4
Full Baths : 2
Heated living area : 1,680 Sqft
Year Built : 1973
Subdivision : Hatteras Colony
Contact Agent
MLS#
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