24277 Ocean Drive South , Lot 15

Description

Now offering $10k in seller credits to buyer at closing with acceptable offer. This charming semi-oceanfront coastal cottage offers the rare opportunity to own a property that is equally ideal as a personal Outer Banks retreat and a proven income-producing investment (~$30k/yr rental income). Just steps from the beach and within walking or biking distance of the iconic Rodanthe Pier, local restaurants, and village activities, the home sits perfectly positioned between the Atlantic Ocean and the calm, warm, waters of the Pamlico Sound—giving you easy access to both sunrise beach walks and sunset bay adventures. The Outer Banks are truly magical, known for their small crowds, relaxed atmosphere, abundant wildlife, and world-class outdoor recreation including fishing, surfing, kiteboarding, windsurfing, sailing, boating, and swimming—this area is widely considered the wind sports capital of the East Coast. From the property you can fall asleep to the soothing sound of crashing waves and wake up ready to explore miles of natural shoreline, the nearby Cape Hatteras National Seashore, historic lighthouses, and even drive your vehicle directly onto the beach for fishing or exploring. The home has been lovingly owned since 2023 and consistently performs as a strong and reliable rental property, generating nearly $30,000 in annual rental revenue even while the owner personally enjoys the home for several months each year and despite paying a 17% property management fee, demonstrating the excellent income potential for buyers who wish to maximize rentals. Importantly, the property’s second-row, semi-oceanfront location provides a major advantage regarding erosion concerns, offering immediate beach access and ocean views while avoiding the direct exposure faced by oceanfront homes. With jetty rebuilds and beach restoration on nearby Hatteras around the corner, concerns are even more alleviated. Over the past three years, the property has only experienced minor standing water (approximately 2–3 inches) twice during slow-moving named storms that affected the entire island, not just oceanfront properties, and these events lasted less than 48 hours and never displaced renters or interrupted bookings. For buyers seeking a coastal home that combines lifestyle, resilience, and investment value, this property represents an exceptional opportunity. The owner absolutely loves this home and has spent extended time enjoying everything Rodanthe offers, but an upcoming move to the West Coast makes it impossible to continue using it as intended—creating a rare chance for the next owner to enjoy the same unforgettable Outer Banks experience while benefiting from a beautiful beachside escape that also functions as a lucrative and dependable rental asset. The Nest door locks, cameras/security and some of the furniture conveys with the property.