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8721 S Old Oregon Inlet Rd Lot 8, Nags Head, NC, 27959

8beds
6baths
3,898sqft
$1,999,000
$513price/sqft
$12,003/moest. monthly cost
$480,120/yrincome needed

About This Home

Welcome to your oceanfront opportunity in the heart of Nags Head! This spacious 8-bedroom, 5.5-bathroom coastal home sits on prime oceanfront real estate with incredible potential for the savvy buyer. The top floor features an open-concept design that showcases spectacular ocean views, creating an impressive space for entertaining and relaxation. Generating $178,305 in owner gross rents in 2025, this property shows strong income potential! This well-maintained property features solid bones with room for your personal touches. Step inside to unobstructed ocean views and the thoughtfully designed open-concept layout perfect for vacation rentals. The top-level living room offers comfortable space to relax, while the kitchen boasts granite countertops and stainless appliances with ample dining options including breakfast nook overlooking the ocean, formal dining, and bar seating. The mid-level deck features a hot tub overlooking the pool and protective dune - perfect for unwinding. Spacious bedrooms and smart layout create the ultimate vacation experience. The lower level game room with wet bar provides easy access to the pool and beach walkover. Recent major improvements include a new roof (2021), new pool heater (2022), fresh interior paint and most bedding, updated flooring throughout most of the home, and living room windows. Most windows and siding are original, offering an excellent opportunity to update and personalize to your taste. Prime location near OBX Fishing Pier, Fish Heads, restaurants, shops, and Outer Banks Mall. This property offers the perfect blend of coastal charm and rental-readiness, with cosmetic enhancement possibilities to truly make it your own. Don't miss this chance to own prime oceanfront real estate with proven rental history and room to add value through updates! Please note: The rear pool fence has been replaced with wooden fencing since photos were taken.

Getting Around

12
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

3/10
Manteo Elementary SchoolGrades PK-54.7 mi
7/10
Manteo Middle SchoolGrades 6-85.8 mi
8/10
Manteo High SchoolGrades 9-125.4 mi

Construction

Condition

  • Year built: 1998

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Asphalt
  • Construction materials: Frame,Wood Siding,Vinyl,Cement Fiber Board

Type & Style

  • Home type: SingleFamily
  • Architectural style: Reverse Floor Plan,Coastal
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer,2nd Refrigerator,Washer/Dryer Stacked

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 6
  • Full bathrooms: 5
  • Partial bathrooms: 1

Features

  • Cathedral Ceiling(s),Pantry,Wet Bar
  • Flooring: Ceramic Tile,Laminate

Heating & Cooling

  • Heating features: Central,Forced Air,Heat Pump,Zoned
  • Cooling features: Central Air,Heat Pump,Zoned

Interior Area

  • Total structure area: 3,898
  • Total interior livable area: 3,898 sqft

Property

Details

  • Zoning: R2

Features

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

Lot

  • Lot size: 0.41 Acres
  • Features: Beach Frontage

Parking

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