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$2,999,999

Beds
6
Baths
6.0
sq ft
4,389

5420 Ocean Drive, Emerald Isle, NC 28594

5420 Ocean Drive

Emerald Isle, NC 28594

  • 38 days on market
Welcome to your dream coastal escape! Nestled just a stone's throw from the pristine ocean, this second-row luxury property offers unparalleled elegance and comfort. Spanning an expansive layout, this stunning home features 6 spacious bedrooms, 5 full bathrooms, and 2 half baths, making it perfect for family gatherings and entertaining. Step inside to discover the heart of the home—a high-end, custom kitchen that will delight any culinary enthusiast. Outfitted with top-of-the-line appliances, beautiful cabinetry, coffered ceiling, and sophisticated finishes, it seamlessly blends functionality with style. The custom bathrooms, each a sanctuary of relaxation, boast premium fixtures and exquisite design. The living area is a masterpiece of architectural beauty, with a beautiful knotty pine vaulted ceiling that extends to the main covered deck, creating a warm and inviting ambiance. Here, you can unwind and soak in the serene surroundings and views of the Atlantic Ocean. Outdoor living is taken to new heights with a private saltwater pool and hot tub, offering the perfect spot to relax and enjoy the coastal breeze. For those seeking breathtaking views, the top-floor lookout room provides panoramic views of the ocean, making it an ideal retreat for morning coffee or evening cocktails. Convenience meets luxury with a state-of-the-art elevator, ensuring easy access. This home is not just a residence; it's a lifestyle. Every detail has been meticulously crafted to offer the ultimate in coastal living. With its proven track record as a weekly vacation rental, this property is not only a dream home but also a smart investment. Don't miss this rare opportunity to own a piece of paradise that generates income. Live the coastal life you've always dreamed of in this magnificent home, where every detail exudes quality and sophistication.

Details

Property type

Single Family Residence

Est. home value

$2,214,693

Lot size

0.32 acres

Price per sq ft

$684

Year built

2022

Price History

11/14/2024
NorthCarolinaRegional

NorthCarolinaRegional #100474572

Listed
$2,999,999
06/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #11303476

Removed
06/21/2022
NorthCarolinaRegional

NorthCarolinaRegional #100316564

Sold
$2,050,000
+485.71%

Schools & Community

Elementary school: 

White Oak Elementary

Middle school: 

Broad Creek

High school: 

Croatan

Negotiation Insights

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

Seller could get up to

$1,181,752
Asking price
$2,999,999
Closing costs (~8% of asking)
-$240,000
Est. remaining loan balance
-$1,578,247
Cash to seller
$1,181,752

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

June 2022

Original loan amount

$1,640,000

Est. remaining balance

$1,578,247

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Kenneth Dominski and Kathryn Dominski

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: 12/22/2024 at 3:45 AM

Listing updated: 12/19/2024 at 2:00 PM

Listed by: Laina Collins, Emerald Isle Realty Phone #: (910) 330-5680

MLS: NorthCarolinaRegional #100474572

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