8323 S Old Oregon Inlet Rd, Lot 69 PAR70

Nags Head, NC 27959

$1,650,000
Last Sold Price
14
Beds
1,738 Sq. Ft.
$949 / Sq. Ft.
1,738
Sq. Ft.
$949
per Sq. Ft.
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Sold In House 2/27/24
Sold In House 2/27/24

Description

Nestled in the highly sought-after area of South Nags Head, this extraordinary 32,500 square foot oceanfront parcel represents a unique opportunity. Currently, the property boasts three well-maintained single-family rental homes, collectively bringing in an impressive $140,000 in annual rental income. These include a classic 5-bedroom, 2-bathroom oceanfront cottage with direct beach access, a rooftop sundeck, and a private hot tub; a traditional 5-bedroom semi-oceanfront home just a short 150-foot...Nestled in the highly sought-after area of South Nags Head, this extraordinary 32,500 square foot oceanfront parcel represents a unique opportunity. Currently, the property boasts three well-maintained single-family rental homes, collectively bringing in an impressive $140,000 in annual rental income. These include a classic 5-bedroom, 2-bathroom oceanfront cottage with direct beach access, a rooftop sundeck, and a private hot tub; a traditional 5-bedroom semi-oceanfront home just a short 150-foot stroll to the beach; and a contemporary 4-bedroom, 2.5-bathroom home equipped with a game room, only two lots back from the oceanfront. Each home offers magnificent views and a taste of the idyllic Outer Banks lifestyle. However, the true value of this offering lies in its unparalleled potential. Given its sizable expanse and prime location, this parcel presents a once-in-a-lifetime chance for the discerning buyer to envision and create a magnificent beachfront estate. The option to remove the existing structures and build anew opens the door to endless possibilities, tailor-made to meet the most exclusive tastes and standards. This property's allure is further enhanced by its rarity in the current market, where oceanfront land in the area is scarce. Priced close to the land value alone, it stands as an exceptional opportunity for investment or for crafting a personal coastal sanctuary. Located a short drive from local shopping, water sports, Jennette’s Pier, and historical sites, the property allows for the enjoyment of both stunning Carolina sunrises and sunsets, thanks to its east and west water vistas. South Nags Head, stretching down to Mile Post 25 and adjacent to the Pea Island Wildlife Refuge, is known for its serene setting and natural beauty. Close to the Cape Hatteras National Seashore, home to the famous bird sanctuary and Pea Island reserve, this area offers a tranquil escape from the hustle and bustle, with less light pollution and a more authentic, old-school OBX experience. This is more than just a property; it’s an opportunity to own a piece of the Outer Banks’ charm, a canvas awaiting a vision, in one of the most coveted locations on the coast.
  1. Listed by Trisha M Midgett • Midgett Realty - Rodanthe
    C: (252)-475-7947 trisham@midgettrealty.com

Property Details for 8323 South Old Oregon Inlet Road

Architectural Style
Bungalow, Reverse Floor Plan, Coastal
View
Ocean
Waterfront Features
Ocean Front
Zoning
R2
LISTING CLOSED: 02/26/2024 07:00 PM

Property Details for 8323 South Old Oregon Inlet Road

StatusSold In House
MLS #124368
Days on Market3
Taxes$5,195 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Multi-Family 2-4 Units
Year Built1900
Lot Size0.75 AC / 32,500 SF
CountyDare County
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Location

Listing Courtesy of Midgett Realty - Rodanthe

Sold By Midgett Realty - Rodanthe

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Building Information for 8323 South Old Oregon Inlet Road

Stories-Residences-Year Built1900Building Size-Lot Size0.75 AC / 32,500 SF

Payment Calculator

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$8,820 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,387

Property Taxes

$433

HOA Dues

$0

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Property Information for 8323 South Old Oregon Inlet Road

Summary
Location and General Information
  • Latitude: 35.899549
  • Longitude: -75.590891
  • Subdivision Name: Bodie Isl Beach
  • Year Built: 1900
  • ZH Flood Zone: AO,VE,X
  • Front Garage: 2 Car,Attached,Carport
Parking
  • Parking Features: Paved, Off Street, Underground
Taxes and HOA
  • Tax Annual Amount: $5,194.62
  • Tax Block: Blk 4
  • Tax Year: 2023
  • Assoc Fee Y Or N Or Voluntary: No - Restrictive Covenants May Apply
  • HOA Contact: None
  • HOA Contact Info: None
Property
Lot Information
  • Lot Features: Beach Frontage, Level
  • Lot Size Acres: 0.75
  • Lot Size Square Feet: 32500.0
  • Road Surface Type: Paved, Public
Property and Assessments
  • Ownership: Owned More than 12 Months
  • Property Sub Type: Multi-Family 2-4 Units
  • Property Type: Residential
  • Deed Book: 1578
  • Deed Book Pg Number: 0064
  • Section: NA
  • Bill of Sale In Amt Y Or N: Yes
  • Furnishings Available Y Or N: Yes
  • Bank Or Institution Owned: No
  • Pin Number: 070908994634
  • Primary Htd Lv Ar SF: 1738.0
Utilities
  • Sewer: Septic Tank
  • Water Source: Municipal
  • Fuel Tanks: None
Interior and Exterior Features
Exterior Feature
  • E Exterior: Shakes,Sheet Siding
  • Pool: No
  • Construction Materials: Block, Frame, Wood Siding
  • Roof: Asphalt
Interior Feature
  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bathrooms Full: 6
  • Bathrooms Partial: 2
  • Bedrooms Total: 14
  • Cooling: Central Air, Heat Pump
  • Flooring: Carpet, Ceramic Tile, Vinyl, Laminate
  • Foundation Details: Masonry, Piling
  • Heating: Electric, Forced Air
  • ZF Counter Tops: Laminate
Agent
Sale and Listing
  • Listing Id: 124368
Rental
Rent Information
  • X Lease Terms: Weekly
  • Sale Or Rent: S
  • Est Annual Rental Income Amt: $178,408
  • Estimated Annual Fee Amt: 0
  • Advertised Income2023 Amt: $171,036
  • Owner Rental Income2023 Amt: $139,446

Property History for 8323 South Old Oregon Inlet Road

DateEvent & SourcePriceAppreciation
Feb 26, 2024

Sold

Outer Banks Association of REALTORS #124368

$1,650,000—
Jan 16, 2024

Listed (Active)

Outer Banks Association of REALTORS #124368

$1,700,000—
DateEvent & SourcePrice
02/26/2024

Sold

Outer Banks Association of REALTORS #124368

$1,650,000
01/16/2024

Listed (Active)

Outer Banks Association of REALTORS #124368

$1,700,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 8323 South Old Oregon Inlet Road

This home is within Dare County School District.
Rating
School
Type
Grades
Distance
Nags Head Elementary School
Public - PK to 5
Manteo Middle School
Public - 6 to 8
Manteo High School
Public - 9 to 12
Dare Learning Academy
Public - 9 to 12
Rating
School
Distance
Nags Head Elementary School
PublicPK to 5

Manteo Middle School
Public6 to 8

Manteo High School
Public9 to 12

Dare Learning Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
8323 South Old Oregon Inlet Road, Nags Head, NC 27959
$1,650,000
5
2
1,738
32,500
8321 South Old Oregon Inlet Road, Nags Head, NC 27959
–
9
5,265
31,000
8331 South Old Oregon Inlet Road, Unit 2, Nags Head, NC 27959
$290,000
4
1,330
–
8331 South Old Oregon Inlet Road, Unit 2, Nags Head, NC 27959
$290,000
4
2
1,335
–
8331 South Old Oregon Inlet Road, Unit 8, Nags Head, NC 27959
–
1
1
432
–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Midgett Realty - Rodanthe

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 02/27/2024 12:12 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass or its subsidiaries, affiliates and their agents and associated third parties shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS