$550,000 25486 Nc Highway 12 Waves, NC

MLS: 100314   Type: Single Family   County: Dare   City: Waves   Area: Waves Soundside   Zip: 27982   Style: Bungalow     Stories: 1   Taxes: $6,672

Mortgage $2,582 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

3

1

0

1,330

4.34

1930

SOUND FRONT DEVELOPMENT PROPERTY...4.34+/- AC ...(3) LARGE PARCELS ... 200+/- FT.. WIDE NC HWY 12....WAVES NC 27982....SEE PRELIMINARY SITE PLAN..$15M -$20M+/- Sale Potential....25% +/- CAP ...$$ ROI.....CALL BROKER....CAN BUILD TO SUIT... (10) 5 BR TOWN HOUSE..+... (30) 3 BR CONDOS......LOCAL PROPERTY MANAGEMENT AVAILABLE ....OPPORTUNITY IS KNOCKING ...HIGH TRAFFIC...RESORT AREA....(7,000 daily avg...2.5+million yr).....Less Than $14K Unit Land Cost... 40 Units... $2.19 sq ft Land includes 3 BR HOUSE IS FREE (about 1/2 $$ Comps).....OCEAN ACCESS ...FOOT STEPS... ACROSS NC 12....NEARBY WATER FRONT RESORTS... SOLD-OUT....KITTY HAWK KITES ..+.. REAL WATER SPORTS RESORT..+..NEARBY KOA CAMPGROUND & CAMP HATTERAS RV RESORT....Seller Financing $400,000 Cash @ Close....BELOW MARKET ... $$ VALUE $753,175 (5/5/2019)...SEE ATTACHED CMA.....S1 ZONING ..= ..ALL USES PERMITTED ...5 STORIES 52 FT HIGH....RESIDENTIAL 30% ...LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60%.. LOT COVERAGE (113,430+/- sq ft)....NO HOA ....NO DEED RESTRICTIONS....AE8 FLOOD ZONE....ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..EASY TO DEVELOP ...Can Subdivide (6-18)+/- Sound Front Lots ...or....WATER FRONT RESORT...TOWNHOUSES ...+ ...CONDOS" ..+.... HOMES ..or...HOTEL.. RV RESORT...IT'S ALL ABOUT THE SIZE LOT... 4.34+/- Ac ..=.. Largest Sound Front Lot..NC 12 OBX..=.. 189,240+/- SQ FT LAND...LOCAL PROPERTY MANAGEMENT AVAILABLE + AirBnb + VRBO... ......PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE....CALL BROKER....Tenant in Place $1,000 mo - mo+......EASY TO DEVELOP.....OR.....CAN BUILD TO SUIT.....MULTIPLE (1- 20+/- Homes...5-24+/- Br Each ) .....CAN BUILD SIMILAR TO BLACK DOG SUBDIVISION IN SALVO....SOUND FRONT HOMES/RESORT ...Destination Vacation Event Homes/ Resort ...Highest Rental $ Income...Weddings.....Corporate Events ...Family- Reunions...Restaurant/ Banquets.....Water Front Resort.....etc, etc ...CALL BROKER CAN HELP YOU ...Design + Develop + Build + Sell + Local Property Manage

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Price History

3/21/2019 Listed $699,900
7/18/2019 6% - $659,900
8/15/2019 17% - $550,000

Class RESIDENTIAL
Construction Frame
Extras Beach Access
Financing Options Cash, Conventional, Owner Finance 1st
Listing Area Waves Soundside
Ownership Owned More than 12 Months
Potential Short Sale No
Status Active
Status Active
Style Bungalow
Subdivision None
Tax Year 2017
Taxes 6672
Type Single Family - Detached
Year Built 1930
Zoning S-1

Interior Features

Full Baths 1
Furnishings Available Y/n Yes
Half Baths 0
Heating Forced Air
Total Beds 3

Exterior Features

Approx.lot Sqft 189240
Exterior Lap Siding
Flood Zone AE
Foundation Piling
Lot Description Level, Water Frontage
Lot Faces (n,e,w,s) 4.34+/- Ac Faces W-E
Parking Off Street
Pool (Y/N) No
Roads Paved
Roof Asphalt/Fiber Shingle
View Sound
Water Municipal

Property Schools



Direct Link:

https://www.obxwaterfrontproperties.com/property/132-100314-25486-Nc-Highway-12-Waves-NC-27982

Gallery (36 photos)

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Property vs Zip Code Avg (27982)

Price 550K Avg 648K

Sqr Feet 1,330 Avg 3,020

Cost / Sqr Ft $414 Avg $215

Taxes $6,672 Avg $3,781

Acres 4.34 Avg 0.61

Visits 10 Avg 100

Days on Site 541 Avg 218

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Listing Provided Courtesy Of: Frank Jakob @ Cape Hatteras Realty & Const.




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Location & Address

Waterfront Properties OBX
P.O. Box 2059
Kitty Hawk, NC
252-562-9109
252-207-4898