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1305 S Virginia Dare Trail Kill Devil Hills, NC 27948-0000 - MLS# 105256

Type: LOTS/LAND - Residential
Area:  Kill Devil Hills Oceanside
Location:  Oceanfront
Asking Price:  $4,933,300
Original Price:  $4,933,300

Largest oceanfront parcel currently available on the Outer Banks and is being sold as a Cottage Court or a Cluster Housing Project consisting of 17 four bedroom four and one-half bath houses. Both uses are now permitted uses in the Town of Kill Devil Hills. There will be 4 oceanfront cottages and 13 oceanside cottages and a 1200 sqft oceanfront pavilion for the use of all residents. All parking will be under the units.

As Cluster Housing the units can be sold individually and as a Cottage Court they must be owned by a single entity. Preliminary engineering and discussions with the Town Planning indicate a 68 room suite hotel or a condominium complex consisting of 68 bedrooms can be constructed on the property as well. Rare opportunity to develop 4 adjacent oceanfront lots on a wide area of the KDH beach with no erosion and no sand tax. The property currently has 7 homes with profitable rental income until redevelopment begins This would be the first Oceanfront Cluster Home Development on the Outer Banks!

Other uses include hotels, multifamily, lot coverage 55%, maximum height 50 feet and up to 0.50 floor area ratio. Digital files available for agents to email to clients, call Eddie at 252-475-0874.

Lot Description
  • Beach Frontage
  • Common Area
  • Level
  • Water Frontage
View Description
  • Ocean
Possession
  • Closing
Subdivision
  • Kill Devil Bch
Listed On
  • 2019-05-23
Roads
  • Paved
  • Public
Agent Name
Eddie Goodrich
Office
Village Realty Holdings, LLC - NH