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5 Circle Dr #31, Southern Shores, NC, 27949

5beds
3baths
2,016sqft
$915,000
$454price/sqft
$5,517/moest. monthly cost
$220,680/yrincome needed

About This Home

Tucked beneath a canopy of majestic live oaks on a quiet, shady street in Southern Shores, this classic coastal retreat offers the perfect blend of charm, comfort, and location. Featuring 5 spacious bedrooms and 3 full baths, this well-loved beach home has a strong, consistent rental history, making it as smart an investment as it is a relaxing getaway. Inside, warm pine floors set the tone for a timeless coastal feel, while the open living spaces invite gatherings with family and friends. Step outside to enjoy your own private swimming pool, a screened-in porch perfect for breezy evenings, and a rooftop deck ideal for stargazing under clear coastal skies. A charming playhouse adds an extra touch of fun for younger guests. Best of all, the beach is just a leisurely 7-10 minute walk away—with no roads to cross—making daily ocean visits effortless and safe. Southern Shores is beloved for its peaceful atmosphere, winding walking paths, scenic parks, and uncrowded, pristine beaches. When you’re ready for a change of pace, you’re just a short drive or bike ride from Duck, where you’ll find an array of restaurants, boutique shops, and a picturesque waterfront boardwalk. Whether you’re looking for a serene second home or a proven income-producing property, this inviting beach house captures the essence of coastal living.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

9/10
9/10
7/10
First Flight High SchoolGrades 9-129.4 mi

Construction

Condition

  • Year built: 1992

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Asphalt
  • Construction materials: Frame,Shakes

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,016
  • Total interior livable area: 2,016 sqft

Property

Details

  • Zoning: RS1

Features

  • Private pool: Yes
  • Pool features: Fiberglass,Outdoor Pool,Private
  • Waterfront features: None

Lot

  • Lot size: 0.42 Acres
  • Features: Wooded

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

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

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Coastal Flooding
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 $4,626$55,512
Home Insurance *$303$3,636
Property Taxes $388$4,656
Electricity $200$2,405
Total$5,517$66,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$189,154/yr
40% on housing$165,510/yr
45% on housing$147,120/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

$454This listing

vs Other Active Listings

Avg $/sqft

ZIP 27949$296
Dare County$303

vs Homes Sold Last Month

Median $/sqft

ZIP 27949$352
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
2026-07-13Price change$915,000
2026-05-08Listed for sale$940,000
2007-08-24Sold$500,000

For Sale by Agent

AgentRachel L Neal
BrokerageSouthern Shores Realty

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