5213 Ocean Drive E&w,Emerald Isle, NC 28594
Emerald Isle, NC 28594
Description
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!
Details
| MLS # | 100468232 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 293 |
| Listing Provided By | Russell Homes and Land | Meg Russell |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| N/A | 2,406 |
| Story(s) | 2 |
| Zoning | RMF |
| Acreage | 0.34 |
| Water Front | Yes |
| Property View | Ocean, Water |
Interior
| Rooms Total | 12 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Heat Pump, Electric, Forced Air |
| Interior Features | Master Downstairs, 2nd Kitchen, Ceiling Fan(s), Furnished, Pantry |
| Window Features | Blinds |
| Appliances | Washer, Vent Hood, Refrigerator, Range, Dryer, Dishwasher |
Exterior
| Exterior Features | Outdoor Shower |
|---|---|
| Roof | Architectural Shingle |
| Security Features | Security Lighting, Smoke Detector(s) |
| Construction Materials | Wood Siding, Fiber Cement |
| Foundation Details | Other, Raised |
| Lot Features | Dunes, Level |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Gravel, Off Street, On Site |
Market Activity 28594
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Learn More About This Property
| State | NC |
|---|---|
| County | Carteret |
| City | Emerald Isle |
| Zip Code | 28594 |
| Area | Carteret |
| Community Name | Not In Subdivision |
| School District | Croatan |
| Elementary School | White Oak Elementary |
| Middle School | Broad Creek |
| High School | Croatan |
| Listing VS Median (in Not In Subdivision) | |
Price: $2,395,000 low | high Med: $289,925 SqFt: 2,406 low | high Med: 1,648 $ / SqFt: $995 low | high Med: $176 On site: 293 low | high Med: 123.000000 | |