One of the hottest areas of the Outer Banks real estate market has been distressed home sales.  Distressed sales include bank owned homes and potential short sales.  In the month of July we saw 101 residential properties close on the Outer Banks MLS.  29 of the 101 properties were distress sales for a staggering 29%.  Of those 29 sales, 20 homes were sold as bank owned.  This was up from 18 bank owned homes sold in June. 

It seems we will continue to see bank owned homes dominate the market until the inventory is cleared.  This makes for excellent opportunities for those looking to take advantage of today's real estate market.  Many bank owned homes are easily converted into income producing vacation rental homes.   

Our team can point you towards the…

1507 Views, 0 Comments

     Are you looking for a classic Outer Banks beach home?  This is an excellent opportunity to take advantage of current market conditions and purchase a classic Nags Head beach home. This home has been lovingly maintained by its current owners, and is ready for you to walk in and enjoy those beautiful Nags Head Days.  With this home comes endless opportunities.

     The 14,000 square foot homesite allows for the possibility of building a larger more modern home.  Buying this home gives you the best of both worlds.  Buy and enjoy now, then in the future build the home of your dreams. With this home the possibilities are truly endless.

Nags_Head_Home_For_Sale

3931 Views, 0 Comments

This is a one of a kind opportunity to purchase a winning home from the Outer Banks Parade of Homes. This 4 bedroom 3 bath home will impress you from the time you pull up in the driveway. Don't let this chance pass you by.

 

Dawn's Notes on the Home: This new custom built home is immaculate with a great floor plan. Home was built with superior finishes such as Brazilian Teak Hardwood floors, custom tile work, granite counter tops, gas fireplace with onxy surround, custom cabinets, stainless steel appliances, custom built ins,marble top custom vanities, tray ceilings, and the list goes on and on. Construction includes 2x6 exterior walls, and available unfinished attic space available for even more space. This is a "must see" home - you will not be…

2138 Views, 0 Comments

After shooting the pictures for the video, I was able to appreciate the location of this home.  This home offers all the amenities of Colington Harbour and an amazingly secluded location.  Home offers a dock and is built on 2 homesites.  This is definitely a unique opportunity.  This is a great opportunity to purchase a soundfront home in Colington Harbour.

MLS #: 61282
Price: $548,000
Bedrooms: 4
Bathrooms: 2
Lot Sq. Ft: 31500
Heated Sq. Ft: 1772
Year Built: 1987
Area: Colington Harbour

1957 Views, 0 Comments

The OBX Team's Newest Listing! 4 Bedroom Nags Head Home

62590_outside_640MLS - 62590

Address - 8725 S Old Oregon Inlet Road

NAGS HEAD NC 27959

S. N.H. East/Old Oregon Road

Asking Price - $495,000

Income Hist. Last Year - $31,783

 

This home is immaculate and move in ready. Freshly painted walls, new carpet, nicely furnished, new siding and HVAC Located just 3 lots to the direct beachaccess and has ocean views from the top level. After a day at the beach relax by the pool or in the hot tub. The seller is offering a free one year home warranty to the buyer! For More Information - Contact Dee - 252-581-0013 - www.realestateouterbanks.org

1488 Views, 0 Comments