5213 Ocean Drive Unit E&w, Emerald Isle, NC 28594 – MLS# 100468232

Property Map

$2,395,000 – 5213 Ocean Drive Unit E&w, Emerald Isle, NC 28594

Street View

$2,395,000
8 Beds
4 Baths
2,406 SqFt
0.34 Acre Lot
14,985 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1980
Neighborhood Not In Subdivision
Days on Website 198

Courtesy of Meg Russell, Russell Homes and Land

Description

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!

HOA Amenities

Property Details and Features

Property Access

  • Road Type/Frontage: Maintained,Public (City/Cty/St),Paved

Appliances & Equipment

  • Dishwasher
  • Range
  • Washer
  • Vent Hood
  • Refrigerator
  • Dryer

Attic Information

  • Scuttle

Bathrooms

  • 4 total bathrooms
  • 4 full bathrooms

Bedrooms

  • 8 bedrooms

Building

  • Heated SqFt Range: 2400 – 2599
  • 2,406 heated sqft
  • Built in 1980
  • 2 stories
  • 12 rooms
  • Construction: Wood Frame
  • Porch/Balcony/Deck: Balcony,Porch,Covered,Deck
  • Stories/Levels: Two

Cooling

  • Central
  • Heat Pump

Dining Room

  • Dining Room Type: Combination

Exterior Features

  • Exterior Features: Outdoor Shower,Storm Doors,Security Lighting
  • Exterior Finish: Fiber Cement,Wood Siding
  • Exterior Structures: Shower

Fence

  • None

Fireplaces

  • None

Floors

  • Carpet
  • LVT/LVP

Foundation

  • Pilings
  • Raised

Water Features

  • Electric

Heating

  • Forced Air
  • Heat Pump

Interior Features

  • 1st Floor Master
  • Smoke Detectors
  • Furnished
  • Pantry
  • Blinds/Shades
  • Ceiling Fan(s)
  • 2nd Kitchen

Laundry

  • Laundry Location: Room

Listing

  • Listed on 2024-09-26
  • Construction Type: Stick Built
  • List Price/SqFt: $995
  • Terms: Cash,Conventional

Location

  • County: Carteret
  • Zip Code: 28594
  • Latitude: 34.671315
  • Longitude: -76.983556
  • Subdivision: Not In Subdivision
  • City Limits: Yes

Lot

  • 14,985 sqft lot
  • Lot Dimensions: 74x204x74x204
  • 0.34 acres
  • Lot Description: Dunes,Level
  • Lot Water Features: Deeded Beach Access,Ocean Side

Parking

  • Gravel
  • Off Street
  • On Site

Possession

  • At Closing

Property

  • Zoning: RMF
  • Waterview
  • Federal Flood Insurance available
  • Waterfront
  • Home Warr/Termite: Termite Company: May Exterminating

Roof

  • Architectural Shingle

Additional Rooms

  • Rooms: Bedroom 1,Bedroom 8,Bedroom 7,Bedroom 6,Bedroom 5,Bedroom 4,Bedroom 3,Bedroom 2

Taxes

  • Tax Assessed Value: $814,439
  • Property Taxes: $5,235
  • City Tax Rate: 1591
  • Tax Year: 2023

Utilities

  • Municipal Water
  • Septic On Site
  • Electric Provider: Carteret-Craven Electric Cooperative
  • Water Provider: Bogue Banks Water Corp

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