5213 Ocean Drive, E&W, Emerald Isle, NC 28594
$2,395,000
Property Type:
Residential
Bedrooms:
8
Baths:
4
Square Footage:
2,406
Lot Size (sq. ft.):
14,985
Status:
Active
Current Price:
$2,395,000
List Date:
10/14/2024
Last Modified:
3/07/2025
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!
More Information MLS# 100468232
Contract Info
Sub-Type: Single Family Residence
Construction Type: Stick Built
Status: Active
Marketing Start Date: 2024-09-26
Listing Price: 2395000
Current Price: $2,395,000
List Price/SqFt: 995.43
Stipulation of Sale: Standard
Location Information
Street #: 5213
Street Name: Ocean
Street Suffix: Drive
Unit #: E&W
County: Carteret
State/Province: NC
Zip Code: 28594
City Limits: Yes
Marketing City: Emerald Isle
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.671315
Geo Lon: -76.983556
Remarks and Showing
Directions to Property: 70 to 58 or 70 to 24 to Emerald Isle Bridge to Emerald Drive, then 4 miles to Fairfax Rd, make a rt, then left on Ocean Drive to third house on the right.
Sign on Property: Yes
Property Exterior Info
New Construction: No
Lot Acres: 0.34
Lot SqFt: 14985
Lot Dimensions: 74x204x74x204
Waterfront: Yes
Waterview: Yes
Horses Y/N: No
Location Type: Island
Property Interior Info
SqFt - Heated (Primary): 2406
Total SqFt - Heated (Primary + Separate): 2406
# Rooms: 12
# Baths - Full: 4
# Baths - Total: 4
# Bedrooms: 8
Master Bedroom Level: Primary Living Area
Stories: 2
Legal Taxes
Year Built: 1980
Current Service Providers
Electric Provider: Carteret-Craven Electric Cooperative
Internet Service Provider(s): Spectrum
Trash Provider: City
Water Provider: Bogue Banks Water Corp
Rooms
Bedroom 1 Level: First
Bedroom 2 Level: First
Bedroom 3 Level: Second
Bedroom 4 Level: Second
Bedroom 5 Level: First
Bedroom 6 Level: First
Bedroom 7 Level: Second
Bedroom 8 Level: Second
Property Features
Frontage Type: Oceanfront
Handicap Accessible: None
View Type: Ocean; Water
Attic: Scuttle
Construction: Wood Frame
Unit Type: 4 Bedroom Or More
Exterior Features: Outdoor Shower; Storm Doors
Exterior Finish: Fiber Cement; Wood Siding
Fencing: None
Foundation: Pilings; Raised
Parking Features: Gravel; Off Street; On Site
Patio and Porch Features: Balcony; Covered; Deck; Porch
Roof: Architectural Shingle
Trash Collection: City Pick-UP
Lot Features: Dunes; Level
Lot Water Features: Deeded Beach Access; Ocean Side
Cooling: Central Air; Heat Pump
Heating: Forced Air; Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Water Available
Sewer: Septic Tank
Water Source: Municipal Water
Fireplace: None
Flooring: Carpet; LVT/LVP
Furnished: Furnished
Interior Features: 2nd Kitchen; Blinds/Shades; Ceiling Fan(s); Furnished; Master Downstairs; Pantry
Security Features: Security Lights; Smoke Detector(s)
Laundry Features: Laundry Room
Heated SqFt: 2400 - 2599
Dining Room Type: Combination
Other Structures: Shower
Rooms: Bedroom 1; Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bedroom 6; Bedroom 7; Bedroom 8
Terms: Cash; Conventional
Room Information
Bedroom 1
Length: 13.00
Width: 12.00
Level: First
Remarks: East
Bedroom 2
Length: 12.00
Width: 11.50
Level: First
Remarks: East
Bedroom 3
Length: 14.00
Width: 12.00
Level: Second
Remarks: East
Bedroom 4
Length: 14.00
Width: 12.00
Level: Second
Remarks: East
Bedroom 5
Length: 13.00
Width: 12.00
Level: First
Remarks: West
Bedroom 6
Length: 12.00
Width: 11.50
Level: First
Remarks: West
Bedroom 7
Length: 14.00
Width: 12.00
Level: Second
Remarks: West
Bedroom 8
Length: 14.00
Width: 12.00
Level: Second
Remarks: West
Listing Office: Russell Homes and Land
Last Updated: March - 07 - 2025
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