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5213 Ocean Drive, E&W

Emerald Isle, NC 28594

$2,395,000

$995 per Sq.Ft.

  • Active
  • 8 beds
  • 4 baths
  • 2406 Sq. Ft.
  • Residential
  • Built in 1980
  • MLS #100468232
8 beds
4 baths
2406 Sq. Ft.
Residential
Built in 1980
MLS #100468232
Summerplace is a FULL DUPLEX oceanfront Builder-Realtor-owned, meticulously maintained, fully furnished, turnkey investment property in Emerald Isle NC on the Crystal Coast where the water glistens and the homes boast a generous setback from the road for guests' vehicles. Emerald Isle falls among the most highly-rated beaches in the South & East, and lies in highly-rated Croatan school district. Private beach access is along a new solar-lighted deck with 4 steps down to the sand! Home is 15 minutes from the NC Aquarium and 3 miles to the Bogue Island Fishing Pier, plus grocery shopping and restaurants galore. The duplex had gross revenue of $128,000 in 2022, $135,000 for 2023, and $135,000 for 4 months of 2024, the rest was owner use, annualized could be 200K+. There's room for a pool for higher rents! It is self-managed using Airbnb & VRBO. Each side has an individual PIN/Deed #, and can be resold individually. Each has 4br2ba but there are five beds on each side, so the entire duplex of 8 bedrooms sleeps 18. It was renovated 2018 and then each off-season 2021 forward including: replaced double-pane high-impact windows, replaced storm doors, interior/exterior painted, all pre-2021, raised piers replaced hot water heaters, replaced HVAC, redid smooth ceilings, new carpeting, wainscoting, new ceiling fans, can lights, painting of road-side porches, and all new decks all in winter of 22-23, hot water in all THREE new outdoor showers (2023), new granite counters and stainless appliances 2024. Owners hosted two nuptials on the deep .34 acre oceanfront lot, see photos. There are two septic systems on site, 4BR each, scheduled to be pumped Oct 2024. Pest control is with May Exterminating. Landscaping improvements and 2nd floor upgrades planned for late 2024. Furniture, art, linens, supplies, booking & marketing credentials, as well as any 2025 bookings, all convey. You buy more than the home; it's a turnkey business. Come enjoy the view from the 16' by 16' dune deck!

Interior Features

Total bedrooms
8 bedrooms
Full bathrooms
4 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Washer, vent hood, refrigerator, range, dryer, dishwasher
Interior features
Master downstairs, 2nd kitchen, ceiling fan(s), furnished, pantry
Flooring
Lvt/lvp, carpet
Cooling
Central air
Heating
Heat pump, electric, forced air

Exterior Features

Lot size
0.34 acres
Lot features
Dunes, level
Water front
Yes
Water features
Deeded beach access, ocean side
Fencing
None
Exterior features
Wood siding, fiber cement
Roof
Architectural shingle

HOA Information

HOA
No


Schools

Elementary school
White Oak Elementary
Middle school
Broad Creek
High school
Croatan

Other Information

Tax assessed value
$814,439.00
Tax amount
$5,234.68
Tax year
2023
Zoning
RMF

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Listing provided courtesy of: Russell Homes and Land. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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