8721 S Old Oregon Inlet Rd Lot 8, Nags Head, NC, 27959
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
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
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
- Tornado
- 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 | $9,607 | $115,284 |
| Home Insurance * | $649 | $7,788 |
| Property Taxes | $807 | $9,684 |
| Electricity | $363 | $4,356 |
| Total | $11,426 | $137,112 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Listed for sale | $1,999,000 |
| 2026-04-13 | Contingent | $1,999,000 |
| 2026-03-27 | Listed for sale | $1,999,000 |
| 2021-08-27 | Sold | $1,565,000 |
| 2021-06-27 | Contingent | $1,590,000 |
| 2021-06-17 | Listed for sale | $1,590,000 |
| 2014-09-30 | Sold | $831,000 |
| 2013-06-27 | Listing removed | $949,000 |
| 2013-06-13 | Listed for sale | $949,000 |
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