Welcome to Tara Burlage-BD&A Realty & Construction Sign in | Help
Oceanfront Home in the Villages of Nags Head Just Listed

Good value in this spacious 8 bedroom, 5 1/2 bath home in the exclusive and popular Villages of Nags Head.  Priced well, just under 3900 square feet, private pool, hot tub & just two lots to the Village Beach Club, making this a perfect family destination!

Nice protective dune, only one lot down from lifeguard stand, huge open great room/kitchen, game room & wet bar. Generating around 90K annually in income.  Enjoy the amenities of this fabulous Nags Head location and all that the Villages have to offer-boat ramp, boat dock, clubhouse, tennis courts, outdoor community pool & health club.

Call for a cash flow or a preview today 25.202.4271.

KDH Foreclosure Just Listed--One Block to Sound for only $255,500!

Great deal on this newly listed foreclosure just one block from the Sound and 1/2 mile to the Beach! Perfect 2nd or year round home. 4 bedroom, 3 baths, garage, 1710 square feet, located near shopping, restaurants & all kinds of fun OBX activities!

Built in 2005, open reverse floor plan, near public boat ramp and bike path & in excellent condition. Call for a showing and make an offer today! 252.202.4271.

Duck Foreclosure--Just Listed!

This beautiful home in the heart of the Village of Duck was just listed today and is an incredible bargain. Right behind Scarborough Faire shops and walking distance to all of the quaint shops, restaurants & entertainment that upscale Duck offers. 

Just under 3400 square feet, this 7 bedroom, 5 1/2 bath home with private pool is just a short walk to the beach too.  Nothing compares at the price of just $624,900!

Game room, large family room & with a little paint, cleaning up and decorating, estimated rental income would likely be in the low 40K's.  Call for details on seeing or making an offer on this home 252.202.4271.

Just Reduced to $337,000-Best Value Westside!

4 bedroom, 3 1/2 bath home just one block off the Sound in KDH.  Just under 2300 square feet with bonus room as well!  Sound views, gas fireplace, large laundry room, double driveway,   Beautiful new homes surrounding and a convenient location.  Call for more details-perfect 2nd or primary home! 252.202.4271.

 

The BEST Commercial Property on the Outer Banks Just Listed!

Just under FIVE acres between the highways--highest visibility on the entire OBX!  Listed a few years back for almost 5m and now is $3,350,000. 

Sits on old Dowdy's amusement park site. Imagine the possibilities!  Calling all investors--make an offer!

New Luxury Nags Head Oceanfront Home

Gorgeous custom 8 bedroom, 7 1/2 bath Oceanfront home with large vegetated dune line for protection and in a great central location near Gallery Row. Close to shopping, dining & entertainment. Heated pool and hot tub, bamboo flooring, upgraded electronic package, tastefully furnished & accessorized.

Generating around $141,000 in rental income annually. Call to preview 252.202.4271.

Short Sale Just Listed in KDH for only $159,900

Completely remodeled home perfect for a starter home or vacation getaway. 3 bedrooms, 2 baths in great location just a block off the Sound and blocks to the Beach! Shows very well & even has Sound views!

Calll for more info or a showing 252.202.4271

 

Just Reduced-Perfect Oceanfront OBX Wedding Home!

This is a classic Outer Banks cottage doing almost $149,000 in income annually!  Perfect backdrop for the #3 wedding destination in the entire country-the Outer Banks.

$2,250,000 has 13 bedrooms, 10 baths, pool, boardwalk to the Beach, volleyball court, dunetop gazebo, detached cottage, 7411 square feet, priced over 300K below tax value & is truly a one of a kind property built on two 50' Oceanfront lots for future potential to rebuild!

Lots of parking and tons of repeat guests.  Situated across from Wright Memorial with small landing strip for private planes. Perfect for large gatherings, reunions, weddings, retreats & parties! Potential to add an additional Ocean view room to increase income from weddings. Call for more details.

GREAT opportunity for the person looking to specialize in an all inclusive Outer Banks wedding locale! 252.202.4271.

 

 

USA Today Article On Second Homes on the Outer Banks
OAS_AD("Top728x90");
OAS_AD("FixedPanel");AdTech Ad
OAS_AD("Links1");

OAS_AD("Poster3"); OAS_AD("PosterBig"); OAS_AD("VerticalBanner");
OAS_AD("Links2");
E-mail features -->-->
Sign up to receive our free Travel e-newsletter and get the best travel news, deals & features in your inbox.
E-mail 
-->
Sleepy beach towns: A family enjoys the isolation near Corolla, a northern town in Currituck County. The Outer Banks have limited development and no high-rises.Sleepy beach towns: A family enjoys the isolation near Corolla, a northern town in Currituck County. The Outer Banks have limited development and no high-rises.

By Mark Buckler, Currituck Outer Banks Tourism Department
 
Second homes: Peace and quiet in North Carolina's Outer Banks
 
 OUTER BANKS, N.C.

Best for: Laid-back beach lovers who enjoy watching the sunset from their decks.

Claim to fame: The birthplace of powered flight, where the Wright Brothers took off at Kitty Hawk.

Don't miss: The Lost Colony by Pulitzer Prize winner Paul Green is the nation's longest-running outdoor drama and has been performed on Roanoke Island since 1937.

Getting there: The closest major airport is in Norfolk, Va., about 90 miles from the Northern beaches.

Tourism information: outerbanks.org, visitcurrituck.com

var storyURL = "http://www.usatoday.com/travel/destinations/secondhomes/2010-02-25-outer-banks-north-carolina_N.htm"; var storyTitle = "Second homes: Peace and quiet in North Carolina's Outer Banks"; var articleSummary = "You don't have to be a rebel to love these barrier islands off North Carolina, but a flair for escapism helps.";

 

if (typeof(articleSummary) == 'undefined'){ var articleSummary =""; } var articleSource = "USATODAY.com"; var yahooBuzzArticleId = 'usatoday:'+storyURL+'?csp=34'; var yahooBuzzBadgeType = 'text'; var twtUrl = 'http://usat.me?'+tagID+''; var maxLength = 140 - (twtUrl.length + 1); var twtSource = 'RT @USATODAY' if (storyTitle.length > maxLength) { storyTitle = storyTitle.substr(0, (maxLength - 5))+'...'; } var twtLink = 'http://twitter.com/home?status='+encodeURIComponent( twtSource + ' ' + storyTitle + ' ' + twtUrl ); function GetThis(T, C, U, L) { var targetUrl = 'http://www.myspace.com/index.cfm?fuseaction=postto&' + 't=' + encodeURIComponent(T) + '&c=' + encodeURIComponent(C) + '&u=' + encodeURIComponent(U) + '&l=' + L; window.open(targetUrl); } var sclListTop = ""; sclListTop +='
'; sclListTop +=' '; sclListTop +=' '; sclListTop +='
'; jQuery("#topSocialButtons").append(sclListTop); jQuery(".share-nav").treeview({control: ".treecontrol",animated: "medium",collapsed: true}); jQuery(function() { jQuery.ajax({ type: "GET", url: "/marketing/rss/settings.xml", dataType: "xml", success: BuildSubscribeButtons }); }); function BuildSubscribeButtons(xml) { // Build SSTS array var url = document.location.toString(); var urlArray = url.split("/") var nurl = ""; for (i = 3; i 0) { idx = nurl.indexOf('|'); jQuery(xml).find('add').each(function(){ if (jQuery(this).attr('key') == nurl) { feedid = jQuery(this).attr('value'); } }); if (feedid == "") { nurl = nurl.replace(/(.*)\|(.*)/,"$1"); } } jQuery(xml).find('add').each(function(){ if (jQuery(this).attr('key') == feedid) { feedname = jQuery(this).attr('value'); } }); if (feedname == "") feedname = "usatoday-NewsTopStories.xml"; var sclListTop = ""; sclListTop +='
'; sclListTop +='
    '; sclListTop +=' '; sclListTop +='
  •  myYahoo
  • '; sclListTop +='
  •  iGoogle
  • '; sclListTop +='
'; sclListTop +=' '; sclListTop +='
    '; sclListTop +='
  • '; sclListTop +='
'; sclListTop +='
'; sclListTop +='
'; jQuery("#topSocialButtons").append(sclListTop); jQuery(".subscribe-nav").treeview({control: ".treecontrol",animated: "medium",collapsed: true}); }
The Outer Banks have long attracted visitors who march to a slightly different drummer, from the pirate Blackbeard to pioneering aviators Orville and Wilbur Wright to modern-day second-home owners miles from the nearest road. You don't have to be a rebel to love these barrier islands off North Carolina, but a flair for escapism helps.

The East Coast is lined with beach resort communities that share such traits as thick condo and high-rise developments, amusement parks, souvenir shops and sometimes even strip bars. Not the Outer Banks, which are sleepy and underdeveloped.

"Planning has been very good, and compared to most beach towns, there is very limited development, with no high-rises," says Melanie Day, a broker for Brindley Beach Vacations and Sales in Duck, N.C. "There are some condos, but the vast majority are single-family homes."

Starting at the Virginia border, the Outer Banks span three counties and run south for about 130 miles. The most populated section is about 90 miles long, from the town of Corolla south through Nags Head. One reason for the limited development is that much of the Outer Banks is razor-thin, and many homes are waterfront or within walking distance of either the Atlantic Ocean or the Albemarle, Currituck, Pamlico and Roanoke sounds. Not coincidentally, the widest area, in Kill Devil Hills, is the most developed, with more year-round residents and what locals call "french fry alley" for its fast-food eateries.

The towns popular with second-home owners are small, and there is also a huge rental market. "Corolla has maybe 500 full-time residents, but in summer, there are thousands, between renters and second-home owners," Day says. "You can stay in towns like Duck and Corolla and never leave (because) they are self-contained, with restaurants and shops."

Besides the beach, inshore and offshore fishing and windsurfing are the biggest activities, and large portions of the Outer Banks, including the Cape Hatteras National Seashore, are protected for recreational uses. The region is also famous for its historic lighthouses and wild horses descended from shipwrecked Spanish mustangs.

A look at three Outer Banks neighborhoods

• Northern beaches: This area includes the towns of Duck, Corolla, Southern Shores, Kitty Hawk, Nags Head and Kill Devil Hills. "Favorites include Duck and Corolla, and it's mostly single-family homes, though at the low end you can get a one-bedroom waterfront condo for under $200,000. Most homes are in the $400,000-$800,000 range, though Corolla is known for larger oceanfront homes up to $5 million," realtor Day says. North of Corolla, where Highway 12 ends, nearly 15 miles of dunes stretch to the Virginia border, dotted with vacation homes accessible only by four-wheel-drive vehicles: "That's a whole different buyer seeking remote privacy."

• Southern beaches: "Hatteras Island is even less developed," Day says, and it's more known for its excellent fishing and windsurfing. It is also at least another 30 minutes farther from the mainland bridges and includes more protected lands. Avon, Hatteras Village and Rodanthe, where the Richard Gere romance Nights in Rodanthe was set, are the most popular towns, and prices are lower than farther north. "Low-end one-bedroom condos start around $100,000, and the high end would be a seven-bedroom oceanfront home for about $2.5 million," Day says.

• Mainland: The main bridge from the Outer Banks connects to a peninsula jutting into Albemarle Sound, including the town of Powell's Point 4 miles from the bridge. "We consider it part of the Outer Banks even though it's on the mainland," says Day, who notes that the Kilmarlic Club here is popular with second-home owners. A master planned golf community with amenities like tennis and health club "started less than 10 years ago. All are single-family homes, from the mid-$300,000s to the $600,000s."

Courtesy of Melanie Day, Brindley Beach Vacations & Sales

Courtesy of Melanie Day, Brindley Beach Vacations & Sales


ON THE MARKET

Midrange price: $425,000

  • This architect-designed "Eastern Shore Cottage"-style house is in the Kilmarlic golf club community on a large golf course lot.
  • Bedrooms: 4
  • Bathrooms: 3
  • Size: 3,272 square feet
  • Features: High ceilings and pine floors, master-bedroom suite with Jacuzzi tub and walk-in shower, kitchen with KitchenAid appliances and granite counters, front porch, rear sunroom, two-car garage. Community amenities include golf, pools, beach club, racquet club, clubhouse with restaurant, walking trails and more.

High price: $735,000

  • This house in in the popular Outer Banks beach town of Duck, on a half-acre lot three blocks from the ocean.
  • Bedrooms: 4
  • Bathrooms: 2 1/2
  • Size: 2,295 square feet
  • Features: Open floor plan, decks on both stories with ocean views, elevator, recently remodeled kitchen and baths, game room and private, landscaped yard. Neighborhood has public tennis courts, boat ramp and pool.


 

.div-wrapper{ margin: 20px 0 10px 0; border:none; padding:0 0 0 0; padding-bottom:10px; direction:ltr; text-align:left; vertical-align:middle; font-size:12px; } .div-wrapper a {text-decoration:none;color:#00529b;} .div-wrapper a:hover {text-decoration:underline;} .rec-src-link{color:#666;margin-left:6px;} Legend.Outbrain_recommendations_legend {color:#000;font-weight:bold;font-size:12px;margin-bottom:6px} .div-wrapper li { list-style-position:outside !important;list-style-type:square;margin-bottom:2px } #usatRatings {margin-top:16px} #usatRatings .outbrain-recommendationsFieldset{position:inherit !important;}
var OutbrainPermaLink=storyURL; var OB_Template = "usatoday"; var OB_demoMode = false; var OBITm = "1241731960421"; var OB_langJS ='http://widgets.outbrain.com/lang_en.js'; if ( typeof(OB_Script)!='undefined' ) OutbrainStart(); else { var OB_Script = true; var str = ''; document.write(str); }
$749,000 Home in Corolla Averaging $106,00 in Income Annually

 Here's a Golden Opportunity on a unique home in Ocean Sands.  Built in 2001, this is technically a duplex that is connected on the top and ground floors to make one giganic rental machine! 

12 bedrooms, 10 & 2 1/2 baths and always rented as one home through Carolina Designs. 6743 square feet of living space & average gross income for the last 6 years over $106,000 annually-do the math!

Needs a little sprucing up to bring it back to peak performance but this is a fantastic investment opportunity for someone. Two kitchens, gamerooms, etc.

Call for more information or a cash flow analysis 252.202.4271.

 

Where Rates Are Headed in 2010
By Chris Isidore, senior writer

NEW YORK (CNNMoney.com) -- Even though signs of a housing recovery are uneven at best, the Federal Reserve is about to take off the training wheels it has had in place for more than a year to help the battered market.

The Fed has been buying mortgage-backed securities, the bundling of home loans that are used to fund mortgage lending, since late 2008. But next month it plans to complete its purchase of $1.25 trillion in mortgages

The program was the largest single injection of cash into the economy by the Fed during the financial crisis, and it will be the longest-lasting source of funds as well. Even though the Fed intends to stop buying mortgages, few expect the central bank will start selling them to private investors any time in the next few years.

Higher rates on the way. But even if the Fed holds onto the mortgages it has already purchased, the act of no longer buying additional mortgages is likely to raise mortgage rates in the coming weeks. Experts say a jump of at least a quarter to a half percentage point is likely.

San Francisco Federal Reserve President Janet Yellen warned of higher rates in a speech Monday. Fed Chairman Ben Bernanke is likely to take questions about the Fed's mortgage program when he testifies about economic conditions on Capitol Hill Wednesday and Thursday.

The spread between the interest on 30-year fixed rate mortgages and the benchmark 10-year Treasury note now stands at about 1.2 percentage points. Before the financial crisis, this spread was typically closer to 1.5 percentage points.

The worry is that high foreclosure rates and a still struggling economy will make investors demand a bigger spread than "normal", since mortgages carry far greater risk in the current market.

Before the Fed started buying mortgages, the spread had climbed to about 2.5 percentage points. A return to that spread is unlikely, but there is uncertainty about how high it could go.

Paul Kasriel, director of economic research at Northern Trust, said he "wouldn't be surprised" if the spread widened by half a percentage point from current levels.

That can have a significant impact on prices by limiting what a buyer can pay for a home. Take the $178,000 median home price of existing homes sold in January. A buyer with a 20% down payment will pay just over $750 a month in mortgage payments for a 30-year fixed loan at today's rate. Raise that rate by a half point, and the same buyer will only be able to afford a home worth $170,000 to keep payments near the $750 a month level.

The other concern is that even if the spread doesn't increase that much, mortgage rates could still shoot up simply if Treasury yields start to rise. That's possible if the debt problems in Greece and other weaker European countries is resolved in the new few months and investors who moved to U.S. government debt in a flight to quality move out of Treasurys.

End of tax credit to add to problems. The worries about the Fed pulling back support for housing are compounded by the end of up to $8,000 in tax credits for home buyers. To qualify, buyers face an April 30 deadline to sign a sales contract.

Dean Baker, co-director of the Center for Economic and Policy Research, argues that the Fed's program and tax credit for home buyers "ended the free fall in home prices."

But he thinks that the removal of this support could mean that home prices could start to drop by as much as 1% a month again. He also thinks mortgage rates could climb by as much as a percentage point in the coming months.

Jay Brinkman, chief economist for the Mortgage Bankers Association, said even if there isn't a big impact on home sales and prices, higher rates will lead to a plunge in mortgage refinancings.

The MBA now forecasts refinancings will fall to a range of $500 billion to $600 billion this year from $1.4 trillion last year. That will mean even less cash available for homeowners to spend on other goods or to reduce debt.

But Brinkman said the Fed is right to do what it is doing, even if the housing market is still in tenuous condition.

"It's kind of like a pain killer. If you stay on it too long, the withdrawal pains may be worse than the pain you were trying to deal with," he said.

But David Wyss, chief economist with Standard & Poor's, said he isn't sure that the Fed will even follow through and stop buying mortgages. If home sales and prices start to tumble sharply once again, the central bank could be back buying mortgages fairly quickly.

"It's like the parent who is teaching a child to ride a bike who carefully lets go while running along side," he said. "The Fed thinks the child is able to balance by himself at this point, but it's still going to be running alongside the bike, just in case." To top of page

SOUNDFRONT FORECLOSURE IN COROLLA

Here's the best deal to hit the market today--a bank owned Soundfront home in Monterey Shores! 

5 bedrooms, 5 1/2 bath gorgeous home on over a half acre lot. 3866 square feet of living space, plenty of privacy with lots of live oaks in the front yard. Wide open Sound views and the best bulkheaded Soundfront location in all of Corolla.

 Home is in excellent condition with an elevator & security system. Handicap friendly bedrooms & bathrooms. Ground floor game room & wet bar. Full laundry room, mid-level den & screened porch.  3 master bedrooms with 2 large jacuzzis. Walk in closets. Private Soundfront solar heated pool with concrete deck & the most amazing sunsets on the Outer Banks.

Perfect for a second home or investment property.  Rental projections estimated to be around $60,000 annually. 

This likely won't last long so call for more information or a showing today. 252.202.4271.

Perfect Beach Cottage Just Reduced to $129,500!

Act quickly!  This adorable little stucco old school beach box is the perfect entry level vacation home.  2 bedrooms, one bath, completely remodeled, live oaks, nice yard, great street with nice newer homes surrounding in Avalon Beach community. 

Just a few blocks to the Beach, Sound, boat ramp, bike path, shopping, bars, fishing pier, restaurants, movie theatre and much more!

This quaint cottage was totally redone in 2000 and needs no work at all-just bring your surfboard and beach chairs.  New cabinets, roof, water heater, flooring, wiring, ductwork, HVAC, plumbing, paneling, fixtures, drainfield, fence & lots of storage where the owners floored in the attic.

X flood zone so no flood insurance required!  Lots of charm in this perfect little getaway-sold furnished with a few exclusions! Call today for a showing 252.202.4271.

INCREDIBLE SHORT SALE DEAL-Just Listed for $145,000

Great location in Kill Devil Hills!  3 bedroom, 2 bath home located just a few houses from the Sound and blocks from the Beach!

Next to a paper street for privacy, nice live oaks in the yard, 1056 square feet of living space, fenced in yard, ceramic tile, large back deck, covered front porch, storage shed in backyard and hands down, the best priced 3 bedroom home on the market.

Call for more information-all offers subject to bank approval. 252.202.4271.

Bank Owned Home in Kitty Hawk Just Listed at $174,900

Great little starter or second home in fantastic neighborhood in Kitty Hawk around mile post 5.

Walk to the Beach or Sound from here & restaurants and shops all close by. Spacious 10,000 sf lot, 3 bedrooms, 1 1/2 bath. 

Buy for as little as 3% down and the Seller to pay 3.5% closing costs through Fannie Mae Homepath program! 

Call for more information! 252.202.4271

More Posts Next page »