Property
Emerald Isle, NC 28594 5213 Ocean Drive # E&W
$2,395,000
41 more
Presented By: Russell Homes and Land
Home Details
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!
Presented By: Russell Homes and Land
Interior Features for 5213 Ocean Drive # E&W
Bedrooms
Rooms: Bedroom 1 LevelFirst
Rooms: Bedroom 2 LevelFirst
Rooms: Bedroom 3 LevelSecond
Rooms: Bedroom 4 LevelSecond
Master Bedroom LevelPrimary Living Area
Rooms: Bedroom 5 LevelFirst
Rooms: Bedroom 6 LevelFirst
Total Bedrooms8
Bathrooms
Total Bathrooms4.00
Other Interior Features
Appliances/EquipDishwasher, Range, Washer, Vent Hood, Refrigerator, Dryer
Laundry FeaturesRoom
AtticScuttle
FireplaceNone
FlooringCarpet, LVT/LVP
Interior Features1st Floor Master, Smoke Detectors, Furnished, Pantry, Blinds/Shades, Ceiling Fan(s), 2nd Kitchen
List Price/SqFt995.43
StoriesTwo
Other Rooms
Dining RoomCombination
Rooms12
General for 5213 Ocean Drive # E&W
CityEmerald Isle
City LimitsYes
Cobra ZoneNo
ConstructionWood Frame
CoolingCentral, Heat Pump
CountyCarteret
Days on Market66
Full Baths4
Geo Lat34.671315
Geo Lon-76.983556
HOANo
Half Baths
Handicap AccessibleNone
Heated Area2400 - 2599
HeatingForced Air, Heat Pump
Listing Member NameMeg Russell
Location TypeIsland
Lot Sqft14985.00
New ConstructionNo
Property TypeA
RoofArchitectural Shingle
RoomsBedroom 1, Bedroom 8, Bedroom 7, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2
Secondary SubdivisionN/A
Special AssessmentsNone
StatusActive
Stipulation of SaleNone
Stories2.0
Sub-TypeSingle Family Residence
SubdivisionNot In Subdivision
Tax Assessed Value814439.00
Tax Year2023
TermsCash, Conventional
Unit NumberE&W
UtilitiesMunicipal Water, Septic On Site
Water HeaterElectric
WaterviewYes
Year Built1980
ZoningRMF
Exterior for 5213 Ocean Drive # E&W
Attached Carport Spaces0.00
Construction TypeStick Built
Detached Carport Spaces0.00
Exterior FeaturesOutdoor Shower, Storm Doors, Security Lighting
Exterior FinishFiber Cement, Wood Siding
FencingNone
FoundationPilings, Raised
Frontage TypeOcean Front
Fuel TankNone
Garage & Parking: Total # Garage Spaces0.00
Garage & Parking: Total Carport Spaces0.00
Lot5B21
Lot Acres0.34
Lot Dimensions74x204x74x204
Lot FeaturesDunes, Level
Lot Water FeatureDeeded Beach Access, Ocean Side
MLS Identifier20150918160742258811000000
Other StructuresShower
Parking FeaturesGravel, Off Street, On Site
Patio and Porch FeaturesBalcony, Porch, Covered, Deck
Road Type/FrontageMaintained, Public (City/Cty/St), Paved
View TypeOcean View, Water View
WaterfrontYes
Additional Details
Price History
Brian Inskip
North Carolina Coastal Real Estate Expert