Experience the best of Outer Banks oceanfront living and investment potential at Admiral’s View in the heart of Nags Head. This beautifully updated 2-bedroom, 2-bath oceanfront condo offers the rare combination of breathtaking views, direct beach access, and impressive income-producing capability, making it an exceptional opportunity for investors and coastal lifestyle seekers alike.
Perfectly positioned behind protective dunes, this turn-key condo showcases Ocean views, abundant natural light, and an open-concept floor plan designed to maximize comfort and guest appeal. New east-facing windows and updated decking create the perfect setting to enjoy spectacular sunrises over the water, while recent upgrades—including a new heat pump (2021), luxury vinyl plank flooring, stainless steel appliances, granite countertops, and renovated bathrooms—provide modern coastal style with minimal maintenance concerns.
Guests and owners alike will appreciate the community's oceanfront pool, expansive sun deck, and easy beach access just steps away. Located within walking distance of popular restaurants, shops, and local favorites, and only minutes from iconic attractions such as Jockey’s Ridge and Jennette’s Pier, this location consistently attracts vacationers year after year.
With a projected gross rental income of $65,000, this property offers a compelling opportunity to generate strong returns while enjoying personal beach getaways whenever you choose. Whether you're expanding your investment portfolio, searching for a second home, or fulfilling your dream of owning oceanfront property on the Outer Banks, this condo delivers exceptional value, strong rental performance, and an unbeatable coastal lifestyle in one of Nags Head's most desirable oceanfront communities.
For sale
Price cut: $5K (8/4)
$375,000
5515 S Virginia Dare Trl #B-1, Nags Head, NC 27959
2beds
912sqft
Condominium, Residential
Built in 1980
-- sqft lot
$364,700 Zestimate®
$411/sqft
$-- HOA
What's special
Ocean viewsDirect beach accessAbundant natural lightUpdated deckingExpansive sun deckGranite countertopsNew east-facing windows
- 65 days
- 1,783
- 89
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Brittany M Johnston 252-489-1890,
Keller Williams Outer Banks KDH
Source: OBAR,MLS#: 133276
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Microwave, Range/Oven, Refrigerator
Features
- Furnished: Yes
Interior area
- Total structure area: 912
- Total interior livable area: 912 sqft
Property
Parking
- Parking features: Parking Lot, Off Street
- Details: Garage: None
Features
- Pool features: Outdoor Pool, In Ground, Association
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Ocean Front, Beach Front, Waterfront
Lot
- Features: Beach Frontage, Waterfront
Details
- Zoning: CR
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
Materials
- Frame, Wood Siding, Vinyl
- Foundation: Pillar/Post/Pier
- Roof: Rubber
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Shared Septic
- Water: Public
Community & HOA
Community
- Subdivision: Admirals View
HOA
- Has HOA: Yes
- Amenities included: Ocean Access, Pool, Common Area
- Services included: Maintenance Structure, Cable TV, Electricity, Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Sewer/Septic
Location
- Region: Nags Head
Financial & listing details
- Price per square foot: $411/sqft
- Tax assessed value: $270,000
- Annual tax amount: $1,972
- Date on market: 6/25/2026
- Cumulative days on market: 380 days
- Listing agreement: Exclusive Right To Sell
- Ownership: Owned More than 12 Months
- Lease term: Variable
- Road surface type: Paved
Estimated market value
$364,700
$346,000 - $383,000
$1,951/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $375,000-1.3%$411/sqft |
Source: | ||
| 6/25/2026 | Listed for sale | $380,000-3.8%$417/sqft |
Source: | ||
| 6/24/2026 | Listing removed | $395,000$433/sqft |
Source: | ||
| 4/14/2026 | Listed for sale | $395,000-0.5%$433/sqft |
Source: | ||
| 4/10/2026 | Listing removed | $397,000$435/sqft |
Source: | ||
| 2/27/2026 | Price change | $397,000-0.8%$435/sqft |
Source: | ||
| 11/7/2025 | Listed for sale | $400,000-8%$439/sqft |
Source: | ||
| 11/4/2025 | Listing removed | $435,000$477/sqft |
Source: | ||
| 10/18/2025 | Price change | $435,000-3.3%$477/sqft |
Source: | ||
| 9/23/2025 | Price change | $449,900-2%$493/sqft |
Source: | ||
| 8/7/2025 | Listed for sale | $459,000+76.9%$503/sqft |
Source: | ||
| 11/27/2018 | Sold | $259,500$285/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





