$999,000 4618 N Virginia Dare Trail Kitty Hawk, NC

MLS: 96319   Type: Commercial   County: Dare   City: Kitty Hawk   Area: Kitty Hawk Oceanside   Zip: 27949     Taxes: $11,614

Mortgage $4,690 /mo



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LOCATION, LOCATION, LOCATION!!! The Landmark Saltaire Inn and Cottages is now available for the investor with the eye to the future!!! Historically situated just south of the original Kitty Hawk Fire Station and Hardware Store, this jewel comes with Eight 2 bedroom units and Two 3 bedroom cottages.! Guest laundry on site, owner garages for storage and a fabulous over sized gunite pool and recently expanded decking to enjoy the wonderful setting so close to the Atlantic! The total offering includes 3 semi oceanfront lots and one oceanfront lots. Screened porches, sundecks, grilling areas and exceptional ocean access have made this a favorite for generations of visitors, many of which continue to come for their annual trek to the beach without having to rent a mega mansion! Well maintained, the units are regularly updated and currently are managed by Seaside Vacations. There is an office on site but it is not currently used as the management is done by Seaside. Financials are available to qualified buyers only and upon completion of a non-disclosure agreement. Taxes shown in the financial are for 2016 and include the assessment for Beach Nourishment that is to begin in 2017. Buy now and get ahead of the anticipated rise in values once nourishment is completed!

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Price History

5/8/2017 Listed $1,649,000
9/29/2017 13% - $1,449,000
10/25/2017 32% - $999,000

Bank Owned Y/n No
Construction Frame
Docs on File As-Built Survey, Lease History, Expense History
Financing Options Cash, Commercial
Listing Status Active
Type Hotel / Motel
Zoning BC-1

Interior Features

Cooling Heat Pump, Wall Unit(s)
Floor Covering Carpet, Vinyl
Heating Electric, Heat Pump, Wall Unit(s)
Insulation Yes

Exterior Features

Flood Zone AE, VE
Foundation Piling
Lot Description Beach Frontage, Level, Water Frontage
Parking/Garage 1-25 Spaces, Paved
Roof Asphalt/Fiber Shingle
View Ocean
Water Municipal Water

Property Schools

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Gallery (14 photos)

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Property vs Zip Code Avg (27949)

Price 999K Avg 888K

Taxes $11,614 Avg $4,394

Visits 45 Avg 59

Days on Site 200 Avg 279

Walkscore® 28 Avg 23

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Listing Provided Courtesy Of: John Thompson @ Windswept Properties, LLC

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Location & Address

Waterfront Properties OBX
P.O. Box 2059
Kitty Hawk, NC