24277 Ocean Drive South, Rodanthe

This charming semi-oceanfront coastal cottage offers a rare opportunity to own a property that serves equally well as a personal Outer Banks retreat and a proven income-producing investment. Recently updated and truly turnkey, the home features fresh interior paint, a new washing machine, newly installed beach fencing enclosing the property, and extensive backyard and patio improvements. The spacious backyard provides plenty of room for volleyball, outdoor entertaining, and gatherings. Enjoy ocean and sound views from the property, with breathtaking sunrises to the east and unforgettable sunsets to the west. Just steps from direct beach access, the home is ideally situated between the Atlantic Ocean and the calm waters of the Pamlico Sound, offering the best of both worlds. Located within walking or biking distance of the iconic Rodanthe Pier, local restaurants, and village attractions, this home places you in the heart of one of the Outer Banks’ most beloved communities. Known for its laid-back atmosphere, uncrowded beaches, abundant wildlife, and world-class fishing, surfing, kiteboarding, windsurfing, sailing, and boating, Rodanthe is widely recognized as the wind sports capital of the East Coast. The property is rental-ready and has consistently generated approximately $30,000 in annual rental income, even with the owner using the home for nearly six months each year and paying a 17% property management fee. A buyer focused exclusively on rentals could reasonably expect significantly higher income potential - over $50,000 per year. The second-row, semi-oceanfront location offers immediate beach access and ocean views while providing added protection from the direct exposure experienced by oceanfront properties. With continued beach nourishment and shoreline improvements in the area, this location offers an attractive combination of accessibility and long-term resilience. Since purchasing the home in 2023, the owner has thoughtfully maintained and improved the property while enjoying extended stays throughout the year. An upcoming move to the West Coast creates a unique opportunity for the next owner to acquire a beautifully updated beach house with exceptional lifestyle appeal and strong investment potential. Whether you are looking for a peaceful coastal escape, a high-performing vacation rental, or both, this Rodanthe cottage is ready to deliver. This property is priced to sell and the seller is motivated. Act now before the opportunity to snag an income producing beach property for significantly less than what it is worth passes you by.