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$1,890,000

Beds
8
Baths
5.0
sq ft
4,400

1617 S Shore Dr, Holly Ridge, NC 28445

1617 S Shore Dr

Surf City, NC 28445

  • 57 days on market
    • Price drop $100,000↓
Price Improvement to $1,890,000! Investors & Coastal Enthusiasts, Take Notice! This is your chance to own a luxurious Surf City home below appraised value! Rarely does a property of this caliber come on the market, especially with included plans to build a pool. Situated in a prime coastal location, this 8-bedroom, 5-bathroom home offers tremendous potential, with projected vacation rental income of up to $229,000/year (with the pool) and $153,000/year without it. Originally built in 2024, this stunning 4,400 sq. ft. home is designed for relaxation and entertainment, boasting two expansive 32 x 16 ft. covered Trex decks, ideal for outdoor gatherings. The spacious interior offers high-end finishes throughout, including Dekton Trance countertops, LVP flooring, and an elevator for convenience. Fully furnished and ready for immediate use, this property is a turnkey investment. Highlights include: Energy efficiency: July electric bill of just $243! No flood insurance required (Flood Zone X). Plans for a future pool, enhancing rental potential and resale value. Don't miss out on this extraordinary opportunity to invest in a property that blends luxury, location, and unmatched income potential. Your coastal oasis awaits!

Details

Property type

Single Family Residence

Est. home value

$1,020,046

Lot size

6,795 sq ft

Price per sq ft

$430

Year built

2024

Annual property taxes

$2,607.99

Price History

09/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456266

Price change
$1,890,000
-5.03%
08/15/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456266

Price change
$1,990,000
-7.44%
07/18/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456266

Listed
$2,150,000

Schools & Community

Elementary school: 

North Topsail

Middle school: 

Topsail

High school: 

Topsail

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Cooperative Bank

Loan start date

October 2005

Original loan amount

$729,600

Est. remaining balance

Not provided

Interest rate

5.8%

Loan type

Building or Construction Loan

Seller

M K Homes Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/13/2024 at 11:55 AM

Listing updated: 09/11/2024 at 2:19 PM

Listed by: Kris M Summers, Coldwell Banker Sea Coast Advantage-Hampstead Phone #: (910) 270-8880

MLS: NorthCarolinaRegional #100456266

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