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

$4,575,000

0 Beds
0 Baths
120,000 Sqft
0 Acres
0 Garages

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 Market367
ZoningOIR
Listing Details
AgentGoodrich, Eddie
Office

Village Realty Holdings, LLC - NH

Property History
Price Reduced from $4,933,300 to $4,575,000
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Listing information last updated on May 24th, 2020 at 5:15pm EDT.