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1305 S Virginia Dare Trail Lot 2,3,4,5, Kill, NC – $4,575,000

  • $4.6M Price
  • 120,000 Sqft
  • 199 DOM
  • $4.6M Price
  • 120,000 Sqft
  • 199 DOM

1305 S Virginia Dare Trail Lot 2,3,4,5

Largest oceanfront parcel currently available on the Outer Banks and is being sold as a Cottage Court or a Cluster Housing Project consisting of 17 four bedroom four and one-half bath houses. Both uses are now permitted uses in the Town of Kill Devil Hills. There will be 4 oceanfront cottages and 13 oceanside cottages and a 1200 sqft oceanfront pavilion for the use of all residents. All parking will be under the units. As Cluster Housing the units can be sold individually and as a Cottage Court they must be owned by a single entity. Preliminary engineering and discussions with the Town Planning indicate a 68 room suite hotel or a condominium complex consisting of 68 bedrooms can be constructed on the property as well. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach with no erosion and no sand tax. The property currently has 7 homes with profitable rental income until redevelopment begins This would be the first Oceanfront Cluster Home Development on the Outer Banks! Other uses include hotels, multifamily, lot coverage 55%, maximum height 50 feet and up to 0.50 floor area ratio. Digital files available for agents to email to clients, call Eddie at 252-475-0874.

Essential Information

  • MLS® #105256
  • Price$4,575,000
  • Square Footage120,000
  • TypeLot / Land
  • Sub-TypeResidential
  • StatusActive

Community Information

  • AreaKill Devil Hills Oceanside
  • SubdivisionKill Devil Bch
  • CityKill
  • CountyDare
  • StateNC
  • Zip Code27948-0000

Address

1305 S Virginia Dare Trail Lot 2,3,4,5

Amenities

  • ViewOcean
  • Is WaterfrontYes
  • WaterfrontOceanfront

Amenities

Ocean Access, Common Area, Boardwalk to Beach

Exterior

  • Lot Description200 X 600

Additional Information

  • Date ListedMay 23rd, 2019
  • Days on Market199
  • ZoningOIR

Listing Details

  • AgentGoodrich, Eddie

Office

Village Realty Holdings, LLC - NH

Please provide a valid email address.

Price Change History for 1305 S Virginia Dare Trail Lot 2,3,4,5, Kill, NC (MLS® #105256)

Date Details Change
Price Reduced from $4,933,300 to $4,575,000 $358,300 (7.26%)

Goodrich, Eddie, Village Realty Holdings, LLC - NH.

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Listing information last updated on December 8th, 2019 at 4:15pm EST.