Property Description

Largest oceanfront parcel currently available on the Outer Banks and 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. Preliminary engineering and discussions with the Town Planning indicate a 68 room suite hotel or a condominium complex consisting of 68 bedrooms can be constructed on the property as well. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach with no erosion and no sand tax. The property currently has 7 homes with profitable rental income until redevelopment begins 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. Digital files available for agents to email to clients, call Eddie at 252-475-0874.

Features
Ocean Dunes
: Paved, Public
: Municipal
: Private sewer
: Common area, Ocean access, Boardwalk to beach
Financial
2018
$22,201
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Village Realty Holdings, LLC - NH
Eddie
Goodrich

Cluster Housing Project

1305 Virginia Dare Trail, Kill Devil Hills, NC 27948-0000

120,000 Sqft
$4,933,300
Listing ID MLS #105256
Basic Details
Property Type : Lots/land
Listing Type : For sale
Listing ID MLS : 105256
Price : $4,933,300
Water View : Oceanfront
View : Ocean
Lot Sq. Ft : 120,000 Sqft
Country : United States
State : NC
County : Dare
City : Kill Devil Hills
Zipcode : 27948-0000
Status : Active
Type : Residential
Area : Kill devil hills oceanside
Unit/Lot # : Lot 2,3,4,5
DOM : 126
Agent info
SAGA Realty & Construction
SAGA Realty & Construction
1314 S. Croatan Hwy #301
Contact Agent