Status: Active
MLS#: 123471
Type: Residential - Single Family
Subdivision: Summerplace
County: Dare
Ownership: Owned More than 12 Months
True 10% GROI! This awesome and unique home generated over $176,000 in owner revenue and is situated back from the established protective dune on the largest oceanfront lot around. The back-breaking work has been done already by respected builder Arch Morse. The exterior renovations include new siding, many windows and sliders, a new top deck and stairs using stainless fastners. The remodel adds over 550 sq ft with the addition of the game room, full bath, bonus room, deck off game room and tiki bar with pergolas. You can take the adjacent boardwalk for direct access to the wide, uncrowded beach and the amazing waters of the Atlantic. The outdoor space continues with a mid level covered deck with hot tub, covered front porch and top deck facing the sound for spectacular sunsets. Heading inside you will find the top floor has cathedral ceilings and an open concept with kitchen, dining and great room all with astonishing ocean views. A half bathroom is off of the great room. The top floor also has a large bedroom with slider to the deck overlooking the pool and ocean. The en-suite bathroom has a jetted tub, shower and dual sink vanity. The mid level has two more en-suite bedrooms, two kids rooms and a media room/den. The first level is the new addition with game room complete with pool table, wet bar with microwave, dishwasher and mini fridge. Off of the game room is the laundry room, a full bath and an additional flex space being used as a bedroom. The hard work has been done on this home with roof in 2017, Top level HVAC 2021, mid level HVAC 2022, siding, many windows and sliders, interior and exterior paint, new range/oven, dishwasher, hot tub, furniture updates too numerous to list. Needless to say, this home is "move in" ready - and a true 10% Gross ROI investment opportunity. Turnover day is Saturday. $90k in owner rent for 2024 already.
