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Waterfront - Seller Financing
Address
25486 NC Highway 12 Waves, NC
Price
$ 550,000
Property Attributes
  • MLS#100314
  • TypeSingle Family
  • CountyDARE
  • CityWaves
  • AreaWaves Soundside
  • Zip27982
  • StyleBungalow
  • Year Built1930
  • Taxes6672
  • Price$ 550,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1330
  • Lot Size4.34 Acres
Listing Provided Courtesy Of:
Frank Jakob @ Cape Hatteras Realty & Const.
Property Description

25%-33%+/ - CAP RATE $$ ROI $$..OPPORTUNITY IS KNOCKING ....INVESTORS...ACCEPTING OFFERS ON LINE...CALL BROKER..WATER FRONT RESORT DEVELOPMENT...CAN BUILD TO SUIT...SEE PRELIMINARY SITE PLANS....4.34 Ac (3 LOTS)-NC Hwy 12 Development Opportunity-Waves NC 27982..HIGH TRAFFIC...RESORT AREA..5.5+MILLION TOURIST YEAR...SALES POTENTIAL.$15+M Sales ..+ $1.2M Property Management Yr-Yr Potential...Less Than $14K Unit Land Cost - 40 Units - $2.19 sq ft Land includes 3 BR HOUSE IS FREE (about 1/2 $$ Comps)..NEARBY WATER FRONT RESORTS SOLD OUT....KITTY HAWK KITES + REAL WATER SPORTS RESORT..+..NEARBY KOA CAMPGROUND & CAMP HATTERAS RV RESORT....Seller Financing $400,000 Cash @ Close...TERMS TBD Qualification Buyer...LOCATION - LOCATION - LOCATION..3 Br Beach House on 3 Lots...4.34AC+/- SOUND FRONT NC HWY 12..HIGH TRAFFIC LOCATION (7,000 daily avg...2.5+million yr)...BELOW MARKET $$ VALUE $753,175 (5/5/2019)...SEE ATTACHED CMA....WATER FRONT DEVELOPMENT PROPERTY ..S1 ZONING = ALL USES PERMITTED ...5 STORIES 52 FT HIGH..RESIDENTIAL 30% LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60% LOT COVERAGE (113,430+/- sq ft)..NO HOA ....NO DEED RESTRICTIONS....AE8 FLOOD ZONE.....POSSIBLE SELLER FINANCING $400,000 CASH @ CLOSING...TERMS TBD DEPENDING ON QUALIFICATIONS BUYER-4.34 Ac +/- WATER FRONT..NC HWY 12..HIGH TRAFFIC AREA..(7,000+/- Daily Avg )..SEE POSSIBLE SITE PLANS (DUE DILIGENCE)...ALL USES PERMITTED RESIDENTIAL & COMMERCIAL...CALL BROKER...(3) Sound Front lots + 3 Br House ...NC 12 Waves NC ( 4.34+/- Ac )....Only $2.19 sq ft Land Cost includes 3 BR HOUSE IS FREE...(about 1/2 $$Comps)....Can Subdivide (6-18)+/- Sound Front Lots or..WATER FRONT RESORT...TOWNHOUSES + CONDOS" + HOMES ..or...HOTEL.. RV RESORT....NC Hwy 12 To Pamlico Sound...HOTEL SITE (100+) Units ...IT'S ALL ABOUT THE SIZE LOT... 4.34+/- Ac = Largest Sound Front Lot..NC12 OBX..= 189,240 SQ FT ...It's All About..Size ..+ ..Highest & Best Use (Potential)...Vintage House (1936) is ..Free...SEE CONCEPTS ALL USES PERMITTED .... WATER FRONT RESORT...RV CAMPGROUND....HOTEL....SHOPPING CENTER....COMBO COMMERCIAL - RESIDENTIAL...etc, etc..S-1 Zoning = all uses allowed)...New S1 Zoning (attached)...SeeProposed Site Plans...Allows Mixed Use - Hotel Site (100+) Units with 75,696 sq ft (max Floor Coverage)...Cash Flow Potential ..Multi $$ Million Profit for Qualified Investor....(Easy to Develop)....LOCAL PROPERTY MANAGEMENT AVAILABLE + AirBnb + VRBO... ...Low Land $$ Cost per Unit..... House Is..Free...+..PUBLIC OCEAN ACCESS ....FOOT STEPS ACROSS NC HWY 12.........See Proposed Site Plan.... S-1Zoning=All Uses Permitted .......Att: Investors .- Multi $$ Million Development.....$$ ROI....(Houses+Condos+Hotels+Campground+Business+B&B+Fast Restaurant+C Store Gas+Shopping Ctr, .... S-1 Zoning)...OCEAN ACCESS ACROSS NC 12....4.34 Ac+/- Comm -Res (3) SOUND FRONT XXXL Tracts Land w/ recent remodeled house (recently elevated above Flood Zone & Remodeled)...SEE SURVEY HOUSE IS FREE....CAN USE OR MOVE OR TEAR DOWN....THIS IS ONE OF THE...LARGEST SOUND FRONT PROPERTIES... ON NC 12 ...All OBX Zoned S-1 all uses permitted Residential & Commercial ...plenty room to expand and/or subdivide or Multi Family Condos...or ad Business, AirBnB, Hotel, Dunkin Doughnuts, McDonalds , Camp Ground, etc etc...S-1Zoning = All Uses permitted...Can Build 52 Ft High...60% Lot Coverage w/ engineered plan.....NEW NC 12 BRIDGE IN PROCESS....(3)PARCELS#014284000 + #014283000 + #014283003......Call Broker for more info.....SEE MLS100312 LAND...SEE MLS103049 COMMERCIAL...(3) TRACTS (4.34 AC +/-) BEING SOLD TOGETHER FOR LISTED PRICE...Contact Broker = All uses permitted =residential + commercial + multi family, etc....NOTE PER BANKER: This may Not qualify for conventional 20% down SINGLE FAMILY HOME (existing 3 Br)... Financing because Land Value is 5x $$ House Value and No Comps HOMES w/ 4.34+/-Ac SoundFront....PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE....CALL BROKER....Tenant in Place $1,000 mo - mo+

Price History
3/21/2019 Listed $699,900
7/18/2019 6% - $659,900
8/15/2019 17% - $550,000

General Features

Class RESIDENTIAL
Construction Frame
Extras Beach Access
Financing Options Cash, Conventional, Owner Finance 1st
Listing Area Waves Soundside
Ownership Owned More than 12 Months
Potential Short Sale No
Status Active
Status Active
Style Bungalow
Subdivision None
Tax Year 2017
Taxes 6672
Type Single Family - Detached
Year Built 1930
Zoning S-1

Interior Features

Full Baths 1
Furnishings Available Y/n Yes
Heating Forced Air
Total Beds 3

Exterior Features

Approx.lot Sqft 189240
Exterior Lap Siding
Flood Zone AE
Foundation Piling
Lot Description Level, Water Frontage
Lot Faces (n,e,w,s) 4.34+/- Ac Faces W-E
Parking Off Street
Pool (Y/N) No
Roads Paved
Roof Asphalt/Fiber Shingle
View Sound
Water Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 27982

Price
AVG $630K
$550K
Taxes
AVG $3,651
$6,672
Visits
AVG 101
8
Year Built
AVG 1998
1930

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