See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

5507 S Virginia Dare Trl Unit 103-S, Nags Head, NC, 27959

3beds
3baths
1,770sqft
$639,000
$361price/sqft
$3,920/moest. monthly cost
$156,800/yrincome needed

About This Home

“A Wave from it All” – The Ultimate Oceanfront Escape The name says it all! Welcome to your newly renovated, spacious 3-bedroom, 2.5-bath oceanfront sanctuary. Located with convenient elevator access, this condo makes your arrival effortless—so you can relax the moment you walk through the door. Enjoy the open-concept layout, designed for gathering with friends and family. The sun-drenched living area has room for everyone while the fully equipped kitchen flows seamlessly into the dining space. The crown jewel is the oceanfront deck; overlooking the pool, it’s the perfect spot to sip your morning coffee, get lost in a book, or enjoy a sea-breeze nap on the comfortable outdoor furniture. Wait until you see the massive luxurious ensuite, a true private retreat, featuring a dedicated sitting area with a desk, direct deck access, and a beautifully updated ensuite bath. Prime Nags Head Location. Centrally located at Milepost 14.5, you’re just steps from the sand and minutes from the best of the Outer Banks.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
62
BikeBikeable

Schools

6/10
7/10
Manteo Middle SchoolGrades 6-84.1 mi
7/10
Manteo High SchoolGrades 9-123.8 mi

Construction

Condition

  • Year built: 1987

Materials

  • Foundation: Masonry
  • Construction materials: Block,Masonry

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1

Features

  • Wet Bar
  • Flooring: Ceramic Tile

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,770
  • Total interior livable area: 1,770 sqft

Property

Details

  • Zoning: CR

Features

  • Pool features: Outdoor Pool,In Ground,Association
  • Has view: Yes
  • View description: Ocean
  • Has water view: Yes
  • Water view: Ocean
  • On waterfront: Yes
  • Waterfront features: Ocean Front,Beach Front,Waterfront

Lot

  • Lot size: 1,742 sqft
  • Features: Beach Frontage,Waterfront

Parking

  • Parking features: Parking Lot,Paved,Off Street,Underground
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Winter Weather
Inland Flooding
Strong Wind
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Dare County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,231$38,772
Home Insurance *$218$2,616
Property Taxes $271$3,252
Electricity $200$2,405
Total$3,920$47,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$134,400/yr
40% on housing$117,600/yr
45% on housing$104,533/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.7%
7.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$361This listing

vs Other Active Listings

Avg $/sqft

ZIP 27959$404
Dare County$304

vs Homes Sold Last Month

Median $/sqft

ZIP 27959$383
Dare County$373

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-25Price change$639,000
2026-05-28Price change$649,000
2026-04-04Listed for sale$679,000
2026-04-04Listing removed$699,900
2026-01-23Price change$699,900
2025-10-10Listed for sale$710,000
2025-10-09Contingent$710,000
2025-10-03Price change$710,000
2025-10-01Listed for sale$735,000
2025-09-16Contingent$735,000
2025-07-28Price change$735,000
2025-04-04Listed for sale$749,900
2022-04-18Sold$549,900
2022-03-16Contingent$549,900
2022-03-02Listed for sale$549,900
2018-11-30Sold$411,500

For Sale by Agent

AgentRichard Hess
BrokerageSun Realty - KDH

Similar Homes