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$304,000

Beds
1
Baths
1.0
sq ft
275

180 Irvin Garrish Highway Unit 205, Ocracoke, NC 27960

180 Irvin Garrish Highway Unit 205

Ocracoke, NC 27960

  • 2 days on market
    • Price drop $25,000↓
The Anchorage is an iconic harbor-front inn in the heart of the village on Ocracoke Island! Guests & families have enjoyed staying at The Anchorage for decades, eating at SmacNally's, using the Marina, & renting golf carts on-site, relaxing in the swimming pool & on the tanning deck, using the deep-water docks w/ large boat slips in the Silver Lake Harbor - all a short walk away! Under new ownership, The Anchorage has been renovated & condominiumized, giving you the opportunity to own an income-producing inn room with a deep-water boat slip, all at a price consistent with that of a small slice of raw land here on the Island! Unit 205 is on the 2nd level, front & center, with BREATH-TAKING WATER VIEWS! The Anchorage units come freshly-painted & newly-outfitted w/ new furniture, new beds, new appliances & new decor - all purchased & paid-for by the Owner! Crown Management is the new on-site property manager; they handle all marketing, reservations, guest services, & accounting for the vacation rentals. They also market & manage reservations for the boat slips - along with the Marina. Crown also manages the Anchorage POA. Each unit is expected to net between $22k - $25k after deducting POA dues - which cover building maintenance (interior & exterior), landscaping, ALL utilities (power, water, cable, internet), & the insurance for each property owner, master insurance policy for the OA & common areas, AND the flood insurance policies (before Crown Management's STR fees). The Anchorage sits on one of the higher properties on Ocracoke Island. Until Hurricane Dorian, the property had never flooded & hasn't since. Minimal water came in during Dorian (less than 1''), and was in & out in minutes. You can use or rent the deep-water boat slip - a short walk away. Many 2025 Spring, Summer & Fall dates are fully-booked! Buy now & inherit these lucrative reservations!

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$1,106

Year built

1982

Annual property taxes

$703

HOA fee

$4,705

Price History

03/18/2025
NorthCarolinaRegional

NorthCarolinaRegional #100494782

Price change
$304,000
-7.6%
03/17/2025
NorthCarolinaRegional

NorthCarolinaRegional #100494782

Listed
$329,000

Schools & Community

Elementary school: 

Ocracoke

Middle school: 

Ocracoke

High school: 

Mattamaskeet

Community features: 

Pool

Status: Active

Tomo last checked: 03/19/2025 at 12:55 AM

Listing updated: 03/18/2025 at 11:17 AM

Listed by: Bill Rich, The Rich Company of Ocracoke Phone #: (252) 333-2596

MLS: NorthCarolinaRegional #100494782

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