27004 Ocean St Lot B, Salvo, NC, 27972
About This Home
If you're looking for a high-performing investment opportunity, this semi-oceanfront home has it all! “Lemonade” is an amenity packed 8-bedroom, 7-full + 2-half bathroom home located in the village of Salvo on Hatteras Island, offering an exceptional blend of location, scale, amenities, and income potential. Just a short 2-minute walk to direct beach access at the end of the driveway, this extensively improved home is thoughtfully designed to accommodate large groups in comfort, featuring expansive three-level decking, a private heated pool and hot tub, outdoor bar and gathering spaces, a game room, fully equipped kitchenette, dedicated accessible suite with private bathroom, and an elevator servicing all levels. Recent upgrades since 2024 totaling nearly $250,000 include a complete high-efficiency Bosch HVAC system replacement, new water heater, Trex Enchance decking on all levels, flooring in main living areas, refrigerator, washing machine, and pool pump system + Hayward pool heater, along with fresh exterior & interior paint, new furnishings in select areas, updated window treatments, three new beds including an adjustable setup, an electric lift recliner, and a fully refreshed inventory of kitchenware and household supplies/art work—enhancing both efficiency and guest experience. The property offers a strong established rental history, generating approximately $113,000 in 2025 and over $100,000 already on the books for 2026; however, these figures do not reflect full income potential due to owner-blocked peak-season weeks and repairs/updates/improvements. Situated in the heart of Salvo, this home is just minutes from the Salvo Day Use Area, a perfect spot for kayaking, paddleboarding, and stunning soundside sunsets. Nearby ORV beach access ramps make it easy to get on the sand, and local restaurants, shopping, and attractions are just a short drive away. Whether you’re looking for a high-performing rental or a personal coastal escape, Lemonade is the perfect mix of style, comfort, and investment opportunity.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2005
Materials
- Foundation: Pillar/Post/Pier
- Roof: Asphalt
- Construction materials: Frame,Wood Siding,Cement Fiber Board
Type & Style
- Home type: SingleFamily
- Architectural style: Reverse Floor Plan
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Ice Maker,Microwave,Range/Oven,Refrigerator,Washer,2nd Dishwasher,2nd Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 9
- Full bathrooms: 7
- Partial bathrooms: 2
Features
- Cathedral Ceiling(s),Wet Bar
- Flooring: Carpet
Heating & Cooling
- Heating features: Central,Forced Air
- Cooling features: Central Air,Heat Pump
Interior Area
- Total structure area: 4,232
- Total interior livable area: 4,232 sqft
Property
Details
- Zoning: S-1
Features
- Private pool: Yes
- Pool features: Outdoor Pool,In Ground,Heated,Private
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Semi-Oceanfront (2nd row)
Lot
- Lot size: 0.47 Acres
- Features: Level
Parking
- Parking features: Off Street,Underground
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
- Hurricane
- Lightning
- Winter Weather
- Inland Flooding
- Strong Wind
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Dare County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,568 | $78,816 |
| Home Insurance * | $398 | $4,776 |
| Property Taxes | $552 | $6,624 |
| Electricity | $394 | $4,730 |
| Total | $7,912 | $94,944 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-16 | Listed for sale | $1,399,000 |
| 2025-05-11 | Listing removed | $1,475,000 |
| 2025-03-17 | Listed for sale | $1,475,000 |
| 2021-04-30 | Sold | $750,000 |
| 2021-01-16 | Contingent | $799,000 |
| 2020-12-22 | Listed for sale | $799,000 |
For Sale by Agent
View on Zillow