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Off market
  • $1,177,200

    5414 Ocean Dr, Emerald Isle, NC 28594

    4beds
    1,610sqft
    MultiFamily
    Built in 1976
    -- sqft lot
    $1,177,200 Zestimate®
    $731/sqft
    $2,277 Estimated rent

    Home value

    $1,177,200

    $1.07M - $1.29M

    $2,277/mo

    Zestimate® history
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    $2,277/mo

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    $2,277/mo

    Rent Zestimate®

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    $6,691/mo

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    $6,691/mo

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    What's special

    Turn-Key Beach Investment: 3 units x $5k/mo x 6mo rental season $90k / year for a focused investor (~5k/mo per unit) Remote Workers: Live in one unit and rent 2 = $60k /annum - if you can resist inviting friends to stay with you ;o) This Emerald Isle multi-family second row features 6 Bedrooms and 4 baths in three separate living areas with beach access across the street. The lower level has a large 2 car garage, laundry room, 2 bedrooms 2 baths and kitchen/living area. The 2nd level units each have 2 BR/1 BA and a kitchen/living area with ocean views. This is an original EI beach cottage, situated on a large 2nd row lot in the heart of Emerald Isle. Current owners occupy the lower unit and the other two are very profitable ABNBs during the (Apr-Sep) rental season. The property is being sold furnished and features a front yard volleyball court, lots of off-street parking, two fire pit areas & proven profitable AirBNB units in a wonderful neighborhood with great school districts & the island public boat ramp 1.2mi away.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat pump, Wall
    Cooling
    • Central, Wall
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Carpet, Linoleum / Vinyl
    • Basement: None
    Interior area
    • Total interior livable area: 1,610 sqft

    Property

    Parking
    • Total spaces: 14
    • Parking features: Garage - Attached, Off-street
    Features
    • Exterior features: Vinyl, Wood
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 630418418386000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1976

    Community & HOA

    Location
    • Region: Emerald Isle

    Financial & listing details

    • Price per square foot: $731/sqft
    • Tax assessed value: $654,510
    • Annual tax amount: $4,003

    Price history

    DateEventPrice
    7/26/2022Sold$925,000-7.4%$575/sqft
    Source: Hive MLS #100324286 Report a problem
    5/23/2022Pending sale$998,500$620/sqft
    Source: Hive MLS #100324286 Report a problem
    5/17/2022Price change$998,500-4.8%$620/sqft
    Source: Hive MLS #100324286 Report a problem
    5/9/2022Price change$1,049,000-6.8%$652/sqft
    Source: Hive MLS #100324286 Report a problem
    4/25/2022Listed for sale$1,124,999+73.1%$699/sqft
    Source: Hive MLS #100324286 Report a problem
    4/14/2021Sold$650,000$404/sqft
    Source: Hive MLS #100258751 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,003 +2.4%$654,510
    2023$3,910 +2.8%$654,510
    2022$3,805 +2.3%$654,510
    2021$3,719 +0.5%$654,510
    2020$3,699 +124.2%$654,510 +26.7%
    2019$1,650 $516,449
    2017$1,650 -1.1%$516,449
    2016$1,668 $516,449 -0.2%
    2015$1,668 +4.5%$517,375 +2.9%
    2014$1,596 $502,747
    2013-- $502,747
    2012-- --
    2011-- --
    2010-- $748,573
    2009-- $748,573
    Find assessor info on the county website

    Neighborhood: 28594

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,177,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,177,200