With close to $200,000 in rental income showing a consistent ROI hard to match, welcome to your dream coastal retreat at 25263 Sea Isle Hills Drive in Waves, North Carolina. This 5-bedroom, 3-bathroom oceanfront home has undergone a large renovation over this past offseason, adding fantastic new amenities and updates to all bedrooms/living areas. A new set of decks highlight the most recent update. Since 2024, the growth in rental income has been consistent and impressive. Starting at $190K gross and $160K net in 2024, the numbers have since increased to $207K/$177 in 2025 and as of this writing on 5/26, the numbers are at an astounding $209K/$177K YTD. You'd be hard pressed to find a better price to rent ratio anywhere on the OBX.
The five generously sized bedrooms provide ample space for family and guests, with the semi private master suite offering a private sanctuary complete with an en-suite bathroom and balcony with both ocean and sound views.
Entertainment is at the heart of this home. The newly added theater room promises countless movie nights in style, while the custom arcade room provides endless fun for all ages. Outside, the expansive deck and beach access invite you to soak up the sun and enjoy the serene ocean waves.
Additional highlights include hardwood floors, updated bathrooms with new fixtures, fresh paint and furnishings throughout. Located in the desirable Waves community, this home offers not only a stunning beachfront lifestyle but also close proximity to local shops, restaurants, and outdoor activities both on Hatteras Island but also not far from the central beaches of Nags Head north.
Don’t miss the opportunity to own this exquisite oceanfront property, perfect for a permanent residence, vacation home, or rental investment. Contact us today to schedule a private showing and experience coastal living at its finest.
For 3-D Tour copy and paste link below.
https://my.matterport.com/show/?m=2unmULviGjS&play=1&brand=0&mls=1&
For Aerial flyover copy and paste link below.
https://listings.lighthousevisuals.com/videos/018fdf13-8e07-7124-8a9e-c8ea2a90b29e
For sale
Price cut: $54.5K (8/24)
$1,295,000
25263 Sea Isle Hills Dr Lot 1, Waves, NC 27982
5beds
2,368sqft
Single Family Residence, Residential
Built in 1985
0.3 Acres Lot
$-- Zestimate®
$547/sqft
$-- HOA
What's special
- 96 days
- 734
- 47
Zillow last checked:
Listing updated:
Listed by:
Ian M Lassiter 252-722-5860,
Keller Williams Outer Banks KDH
Source: OBAR,MLS#: 132978
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Game Room
Heating
- Central, Electric, Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Features
- Beamed Ceilings, Cathedral Ceiling(s)
- Flooring: Carpet, Ceramic Tile, Hardwood
- Furnished: Yes
Interior area
- Total structure area: 2,368
- Total interior livable area: 2,368 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Paved, Off Street
- Garage spaces: 1
- Details: Garage: 1 Car
Features
- Has private pool: Yes
- Pool features: Outdoor Pool, In Ground, Private
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Ocean Front, Beach Front
Lot
- Size: 0.3 Acres
- Dimensions: 13000
- Features: Adj to Park Serv./Preserv, Beach Frontage, Level
Details
- Zoning: S-1
- Other equipment: Home Theater
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Reverse Floor Plan,Coastal
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Wood Siding, Shakes
- Foundation: Pillar/Post/Pier
- Roof: Asphalt
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Sea Isle Hills
Location
- Region: Waves
Financial & listing details
- Price per square foot: $547/sqft
- Annual tax amount: $3,725
- Date on market: 5/27/2026
- Cumulative days on market: 78 days
- Listing agreement: Exclusive Right To Sell
- Ownership: Owned 12 Months or less
- Lease term: Weekly
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,341/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Price change | $1,295,000-4%$547/sqft |
Source: | ||
| 7/9/2026 | Price change | $1,349,500-3.3%$570/sqft |
Source: | ||
| 5/27/2026 | Listed for sale | $1,395,000+45.8%$589/sqft |
Source: | ||
| 11/20/2023 | Sold | $957,000-2.3%$404/sqft |
Source: | ||
| 7/19/2023 | Contingent | $980,000$414/sqft |
Source: | ||
| 3/22/2023 | Listed for sale | $980,000+40.4%$414/sqft |
Source: | ||
| 3/25/2021 | Sold | $698,000+1.3%$295/sqft |
Source: | ||
| 1/27/2021 | Contingent | $689,000$291/sqft |
Source: | ||
| 1/22/2021 | Listed for sale | $689,000$291/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment



