Skip main navigation
For sale
  • Price cut: $5K (8/4)
    $375,000

    5515 S Virginia Dare Trl #B-1, Nags Head, NC 27959

    2beds
    912sqft
    : 
    $2,285/mo
    Get pre-qualified
    Condominium, Residential
    Built in 1980
    -- sqft lot
    $360,800 Zestimate®
    $411/sqft
    $-- HOA

    What's special

    Ocean viewsDirect beach accessAbundant natural lightUpdated deckingExpansive sun deckGranite countertopsNew east-facing windows
    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.
    63 days
    |
    1,773
    |
    97
    |

    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#: 133276MLS Logo

      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: 379 days
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Owned More than 12 Months
      • Lease term: Variable
      • Road surface type: Paved

        Estimated market value

        $360,800

        $343,000 - $379,000

        $1,951/mo

        Price history

        DateEventPrice
        8/4/2026Price change$375,000-1.3%$411/sqft
        Source: OBAR #133276 Report a problem
        6/25/2026Listed for sale$380,000-3.8%$417/sqft
        Source: OBAR #133276 Report a problem
        6/24/2026Listing removed$395,000$433/sqft
        Source: OBAR #132512 Report a problem
        4/14/2026Listed for sale$395,000-0.5%$433/sqft
        Source: OBAR #132512 Report a problem
        4/10/2026Listing removed$397,000$435/sqft
        Source: OBAR #131008 Report a problem
        2/27/2026Price change$397,000-0.8%$435/sqft
        Source: OBAR #131008 Report a problem
        11/7/2025Listed for sale$400,000-8%$439/sqft
        Source: OBAR #131008 Report a problem
        11/4/2025Listing removed$435,000$477/sqft
        Source: OBAR #130157 Report a problem
        10/18/2025Price change$435,000-3.3%$477/sqft
        Source: OBAR #130157 Report a problem
        9/23/2025Price change$449,900-2%$493/sqft
        Source: OBAR #130157 Report a problem
        8/7/2025Listed for sale$459,000+76.9%$503/sqft
        Source: OBAR #130157 Report a problem
        11/27/2018Sold$259,500$285/sqft
        Source: OBAR #101174 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 27959

        Getting around

        28 / 100
        Car-Dependent
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes