25240 Island Pines Drive, Waves, NC 27982

$1,264,000
8
BD
8
BA
4,190
SqFt
Sold Price
$1,264,000
List Price
$1,299,000
Closing Date
Jan 23, 2024
MLS#
123652
Status
SOLD
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
8
Bathrooms
8
Full-baths
7
Half-baths
1
Living Area
4,190
Neighborhood
Island Pines

Property Description

Investor's Dream - 12% ROI: "Island Pines" is more than a vacation home; it's an investment opportunity with a proven track record as a rental machine, boasting a 10% ROI. Nestled in the charming Island Pines subdivision of Waves, this semi-oceanfront stunner sits on a quiet cul-de-sac, mere steps from the beach, yet within minutes of all the dining, shopping, and entertainment the Tri-villages have to offer. This beautifully decorated and exquisitely maintained 8-bedroom home (5 are en-suites), featuring 7 full baths and 1 half bath, offers not only stunning views but also an array of amenities almost too numerous to mention. Let's try to cover them all: TWO outdoor showers, a private heated pool, a hot tub, a beautifully landscaped and partially wooded lot, and a HUGE first-level game room with a kitchenette, wet bar, full-size refrigerator, and microwave. The first floor also boasts TWO en-suites, sundecks, and covered decks, along with a mid-level laundry area for added convenience. Ascend to the upper level and you'll be greeted by an incredible open living space with gorgeous floors, cathedral ceilings, a fireplace, and floor-to-ceiling windows that flood the area with natural light. The fully equipped kitchen features TWO dishwashers and a large island, making it perfect for gatherings. The upper level also includes a en-suite with a jacuzzi tub, providing the ultimate in relaxation. And there's even more to explore! With TWO outdoor showers, a large private lot ideal for gatherings and outdoor games, "Island Pines" offers not just a vacation but a lifestyle. From here, it's a quick two-minute walk to the beach, and a few more minutes will take you to the Rodanthe pier, a deep-water fishing haven. Waves, NC is renowned for kite-surfing and windsurfing, and you're just a quick five-minute walk from lessons and equipment rentals. Don't miss out on the opportunity to own a piece of the Outer Banks that's not only a perfect vacation getaway but also a lucrative investment. Embrace the coastal lifestyle, cherish the ocean views, and indulge in all the recreational amenities this property has to offer. Schedule a viewing today!

Additional Information

Air Conditioning
Central, Heat Pump
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
Construction
Frame, Wood
Countertops
Laminate
Siding
Shakes
Extras
Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Sun Deck
Floor Coverings
Carpet, Ceramic Tile, Wood Laminate
Heating
Central, Electric, Heat Pump
Interior Features
Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Some Windows Treated, Wet Bar, 1st Flr Ensuite
Lot Description
Cul-de-sac, Level
Optional Rooms
Game Room, Loft
Parking
Paved, Off Street
Pool
Yes
Possession
At Closing
Roads
Paved, Private
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Contemporary, Reverse Floor Plan, Coastal
View
Ocean
Well
Municipal
Zip
27982
Neighborhood
Island Pines
Year Built
2003
County
Dare
Annual Rental Income
168435
Rental Co
Other
Rental Cottage Name
Island Pines
Furnishings Available
Yes
Bill of Sale in $
Yes
Bill of Sale Amt
1
Annual Rental Income$
168435
Rental Performance
0.1333

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Midgett Realty - Rodanthe. Selling Office: Midgett Realty - Rodanthe.

Listed by Trisha Midgett

Copyright 2024 Outer Banks Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.

Real estate listing held by brokerage firms other than Real Estate Company are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.