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Photos
5213 Ocean Dr, Emerald Isle, NC 28594
$2,395,000 Asking Price
$---/mo Est. Payment Get Prequalified »
8
beds
4
baths
2,406
sqft
Built in
1980
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!
Features & Amenities
Interior
- General:
- 1st Floor Master,Smoke Detectors,Furnished,Pantry,Blinds/Shades,Ceiling Fan(s),2nd Kitchen
- Flooring:
- Carpet,LVT/LVP
- A/C:
- Central,Heat Pump
- Heating:
- Forced Air,Heat Pump, Electric
- Disability Feature:
- None
Exterior
- General:
- Outdoor Shower,Storm Doors,Security Lighting
Construction
- Roofing:
- Architectural Shingle
Location
- County:
- Carteret
Lot
- Zoning:
- RMF, Lot 5 Block21 Summerplace, 630419611339000 630419611441000
This listing courtesy of:
Russell Homes and Land
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Emerald Isle, NC
Housing
- Number of Units
- 7,129
- Median Home Value
- $380,357
- Median Rent
- $1,268
16.20% of housing units are renter occupied.
66.53% are vacant.
Commute
- Car
-
70.26%
- Public Transportation
-
0.00%
- Walk to Work
-
0.43%
- Work from Home
-
27.32%
- Other
-
0.49%
The median travel time to work is 22 minutes.
People
- Population
- 5,101
- Median Age
- 53.30
- Median Household Size
- 2.58
Education
- High School
-
21.03%
- Associate’s Degree
-
10.36%
- Bachelor’s Degree
-
26.44%
- Graduate Degree
-
19.07%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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