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For sale
  • $1,500,000

    26123 Otter Way Lot 31, Salvo, NC 27972

    7beds
    3,317sqft
    : 
    $8,261/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 2022
    0.44 Acres Lot
    $1,395,900 Zestimate®
    $452/sqft
    $-- HOA

    What's special

    Seamless three-stop elevatorPanoramic sound viewsDedicated kiddie poolSprawling top-level great room
    The Pinnacle of Hatteras Luxury: A Premier Turnkey Investment Semi Soundfront Home. Experience the gold standard of coastal living in the prestigious Wind Over Waves enclave of Salvo. This masterfully curated seven-bedroom estate represents a rare convergence of architectural scale, high-yield performance, and prime dual-water access. Designed for the discerning investor who demands both aesthetic excellence and a robust bottom line, this property is a cornerstone asset for any luxury portfolio, offering an unparalleled lifestyle defined by the rhythms of the Atlantic and the Pamlico Sound. Positioned in a coveted "best of both worlds" corridor, this retreat offers the unique privilege of panoramic sound views paired with deeded oceanfront access directly across the street. The location is an outdoor enthusiast’s paradise, situated just steps from the community boardwalk and public boat dock, which provide immediate entry to world-class kiteboarding, fishing, and sunset vistas. Wind Over Waves remains one of Hatteras Island’s most sought after communities, synonymous with privacy, prestige, and high-demand rental performance. The outdoor living space is engineered to provide a private experience, ensuring maximum guest retention and premium nightly rates. A custom-heated L-shaped concrete pool serves as the centerpiece of the grounds, complemented by a dedicated kiddie pool and a hot tub station for year-round relaxation. The expansive sun decks are framed by high-end, low-maintenance Trex decking and white vinyl railings, ensuring the property maintains its polished, coastal aesthetic against the salt air for years to come. Inside, the home spans three levels of refined design, optimized for high-occupancy luxury and multi-generational appeal. The sprawling top-level Great Room features an open-concept chef’s kitchen and grand dining areas tailored for large-scale entertaining. The accommodations are equally impressive, featuring multiple King EnSuites that provide the privacy of a boutique hotel. Thoughtful functional details, such as a dedicated recreation room with a wet bar and a seamless three-stop elevator, ensure that every guest need is met with ease. This property is far more than a coastal retreat; it is a high-performing financial vehicle. With current annual rental income of approximately $100,000, the estate leverages its significant bedroom count and resort-tier amenities to capture the peak of the Hatteras vacation market. Whether positioned as a 1031 exchange candidate or a legacy family asset, this newer construction masterpiece checks every box for the sophisticated buyer seeking stability and style in a premier water-access location.
    115 days
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    532
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    41
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    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah B Pritchard 252-267-5223,

    SAGA Realty and Construction

    Source: OBAR,MLS#: 132688MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 9
      • Full bathrooms: 7
      • Partial bathrooms: 2
      Rooms
      • Room types: Game Room
      Heating
      • Forced Air, Heat Pump
      Cooling
      • Central Air, Heat Pump
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
      Features
      • Furnished: Yes
      Interior area
      • Total structure area: 3,317
      • Total interior livable area: 3,317 sqft

      Property

      Parking
      • Parking features: Paved, Off Street
      • Has carport: Yes
      • Details: Garage: Carport
      Features
      • Patio & porch: Covered, Deck
      • Has private pool: Yes
      • Pool features: Outdoor Pool, Gunite, Heated, Private
      • Has view: Yes
      • View description: Sound
      • Has water view: Yes
      • Water view: Sound
      • Waterfront features: Semi-Soundfront
      Lot
      • Size: 0.44 Acres
      Details
      • Zoning: S-1

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary,Coastal
      • Property subtype: Single Family Residence, Residential
      Materials
      • Frame, Cement Fiber Board
      • Foundation: Pillar/Post/Pier, Slab
      • Roof: Asphalt
      Condition
      • Year built: 2022

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Wind Over Waves
      HOA
      • Has HOA: Yes
      • Amenities included: Ocean Access, Sound Access, Board Walk
      Location
      • Region: Salvo

      Financial & listing details

      • Price per square foot: $452/sqft
      • Annual tax amount: $5,494
      • Date on market: 4/28/2026
      • Cumulative days on market: 116 days
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Owned More than 12 Months
      • Lease term: Variable
      • Road surface type: Paved

        Estimated market value

        $1,395,900

        $1.33M - $1.47M

        $4,219/mo

        Price history

        DateEventPrice
        4/28/2026Listed for sale$1,500,000+661.4%$452/sqft
        Source: OBAR #132688 Report a problem
        10/12/2021Sold$197,000-1%$59/sqft
        Source: OBAR #110669 Report a problem
        9/14/2021Contingent$199,000$60/sqft
        Source: OBAR #110669 Report a problem
        7/8/2021Listed for sale$199,000+32.7%$60/sqft
        Source: OBAR #110669 Report a problem
        5/4/2021Listing removed--
        Source: OBAR #113218 Report a problem
        3/6/2021Listed for sale$150,000+20%$45/sqft
        Source: OBAR #113218 Report a problem
        12/16/2020Listing removed$125,000$38/sqft
        Source: Midgett Realty - Hatteras #110669 Report a problem
        8/22/2020Listed for sale$125,000+47.1%$38/sqft
        Source: Midgett Realty - Hatteras #110669 Report a problem
        11/20/2018Sold$85,000-7.1%$26/sqft
        Source: OBAR #93988 Report a problem
        6/28/2018Pending sale$91,500$28/sqft
        Source: Outer Beaches Realty - Avon #93988 Report a problem
        3/23/2018Listed for sale$91,500-7.6%$28/sqft
        Source: Outer Beaches Realty - Avon #93988 Report a problem
        5/1/2017Listing removed$99,000$30/sqft
        Source: Outer Beaches Realty - Avon #93988 Report a problem
        10/6/2016Listed for sale$99,000$30/sqft
        Source: Outer Beaches Realty - Avon #93988 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 27972

        Getting around

        18 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

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