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$4,695,000

Beds
11
Baths
10.5
sq ft
7,206

7127 Ocean Drive, Emerald Isle, NC 28594

7127 Ocean Drive

Emerald Isle, NC 28594

  • 303 days on market
This 11 bedroom, yes 11 bedroom, masterpiece ocean front estate is absolutely one of Emerald Isle's true sand castle homes. Soon to be an investors gold mine or your personal dream come true home this property absolutely has everything and then some. 2024 was the first rental season, $251K, 2025 already has $364K booked and is projected to make over $462k. Expanded, renovated, and completely redecorated, leaving absolutely no detail overlooked, words simply cannot capture how exquisite this home is! Therefore, I will not try. Go look at the pictures and video.

Details

Property type

Single Family Residence

Est. home value

$3,956,475

Lot size

0.45 acres

Price per sq ft

$652

Year built

2006

Price History

09/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100429078

Listed
$4,695,000
06/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #11303360

Removed
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100429078

Removed
$4,695,000

Schools & Community

Elementary school: 

White Oak Elementary

Middle school: 

Broad Creek

High school: 

Croatan

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

Peoples Bank

Loan start date

June 2023

Original loan amount

$3,125,000

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Future Advance Clause / Open End Mortgage, 5 year

Seller

Meadow Wood Cooperative Apartments

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?

Status: Active

Tomo last checked: 12/22/2024 at 10:20 AM

Listing updated: 09/25/2024 at 8:17 AM

Listed by: Charles Egerton, RE/MAX Ocean Properties EI Phone #: (252) 354-3900

MLS: NorthCarolinaRegional #100429078

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