1303,1305,1307, S Virginia Dare Trail , Lot 2,3,4,5

    Kill Devil Hills, NC 27948
    • $4,933,300
    • STATUS: Active
    • ON SITE: 91 days
    • MLS #: 105256
    UPDATED: 18 min ago
    $4,933,300
    • 0
      BEDS
    • 2.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    This large oceanfront parcel 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. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach. The property currently has 7 homes with profitable rental income. 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.

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    © 2019 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Matt Myatt | Keller Williams. Data last updated: 2019-08-23T06:37:38.78.
    www.mattmyatt.com/homes/95135942

    1303,1305,1307, S Virginia Dare Trail , Lot 2,3,4,5 Kill Devil Hills, NC 27948

    • Price: $4,933,300
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 105256
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.75
    Acres
    Neighborhood:
    Kill Devil Bch
    County:
    Dare
    Area:
    Kill Devil Hills Oceanside
    Property Description
    This large oceanfront parcel 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. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach. The property currently has 7 homes with profitable rental income. 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.
    Exterior Features

    Lot Description Beach FrontageCommon AreaLevelWater Frontage Lot Size Dimensions 200 X 600 Roads PavedPublic Street Frontage 200 View Description Ocean Water Frontage 200 Waterfront Location Oceanfront

    Property Features

    Association Amenities Ocean AccessBoardwalk To BeachCommon Area Association Fee YN No Bank Owned YN No Documents On File Land SurveyRecorded Plat Electric Available Estimated Annual Fee 0 Financing Options CashConventional Flood Zone Ve Land Type Residential Possession Closing Potential Short Sale No Sewer Septic Private Sewer Tax Year 2018 Taxes 22200.66 Water Municipal Zoning Oir

    Listing courtesy of Eddie Goodrich of Village Realty Holdings, Llc - Nh.


    © 2019 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Matt Myatt | Keller Williams. Data last updated: 2019-08-23T06:37:38.78.
     
    Matt Myatt | Keller Williams
    5595 N. Croatan Highway
    Southern Shores NC, 27949