5213 Ocean Drive 5213 Ocean Drive Emerald Isle, North Carolina 28594 United States

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 in Pine Knoll Shores and 3 miles to the Bogue Island Fishing Pier, as well as grocery shopping and restaurants galore. The duplex had gross revenue of $128,000 in 2022, $135,000 for 2023, and $135,000 for 2024 renting just 4 months, remainder is 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 if desired. Each has 4br2ba but there are five beds on each side, so the entire duplex of 8 bedrooms sleeps 18. It was renovated in 2018, 2022, 2023 to include: replaced double-pane high-impact windows, replaced storm doors, roof, interior/exterior painted, fresh siding, remodel and painting of road side porches, LVT flooring in LR/Kitchen/Bathrooms, replaced HVAC in winter of 22-23, new electric panels, smooth ceilings main floor, new ceiling fans, wainscoting & carpeting main floor, raised piers, replaced all rear decks 2022, hot water in all THREE new outdoor showers (2023) & more. 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. Termite & 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!

Listing Courtesy of Meg Russell, Russell Homes and Land