With completely updated comparable soundside real estate selling for 1.1M-3M this 1.06 acre canalfront property screams potential to investors. This amazing opportunity is a beautiful .9 mile walk to the beach or 1.6 mile golf cart ride to the Duck Woods Golf Course and Country Club. Take a look at what the neighbors are selling their homes for:
https://www.zillow.com/homedetails/2-Loblolly-Dr-LOT-9-Kitty-Hawk-NC-27949/2076053091_zpid/
131 S Dogwood Trl, Southern Shores, NC 27949 | Zillow
https://www.zillow.com/homedetails/125-Tall-Pine-Ln-LOT-6-Kitty-Hawk-NC-27949/2075106259_zpid/
https://www.zillow.com/homedetails/296-Hillcrest-Dr-LOT-19-Kitty-Hawk-NC-27949/2064562740_zpid/
https://www.zillow.com/homedetails/150-Holly-Trl-LOT-4-Kitty-Hawk-NC-27949/2052983702_zpid/
https://www.zillow.com/homedetails/42-Ginguite-Trl-LOT-80-Kitty-Hawk-NC-27949/2064562883_zpid/
The possibilities are endless at 75 East Dogwood Trail and range from building a second home on the lot to building a one of a kind vacation rental home on a 1 acre lot with more than 450' of canal frontage. With some Outer Banks Soundside Vacation Rentals commanding more than $15,000 per week, the wisest timeshare/partnership investment opportunity appears to be converting the existing home into "The Family Reunion" luxury vacation home referenced above. Investors will have the opportunity to purchase a timeshare, co-ownership or partnership with $0 down and simply be required to secure financing needed for their investment with the current owners, which may be secured by using 75 E. Dogwood Trail as collateral. Negotiable terms are mostly based on the amount of the investment. Current owners are considering offers for timeshares and co-ownership for Memorial Day weekend through Labor Day weekend. Appraisals for the current house and "Family Reunion" are expected to be completed by May 19, 2024. The bottom line is Vacasa's rental projection indicates 75 E. Dogwood Trail could gross $140,000-$160,000 per year and a $1,000,000 loan is going to require about $100,000 in mortgage payments, taxes and insurance per year. $480,000 (the amount left after the first mortgage is paid) is more than twice what Whaley Fun Returns needs to build "The Family Reunion" in about 2 years. Building a second significantly smaller home on the existing lot (called an Accessory Dwelling Unit "ADU") provides the owner accommodations during the rental season when not traveling out of state...and the opportunity to increase rental revenue by maintaining the property without the cost of rental property maintenance agreements. Submitting a lot sub-division plan to create a 20,000 sq.ft lot and additional home permitted to be up to 6000 sq. ft. creates the possibility of owning (2) homes on a secluded lot with beautiful canal frontage on the Jean Guite Creek. A lot subdivision plan may require town council’s approval due to a zoning code change made without an eminent domain transaction.
With more than 450' of canal frontage, almost every window at 75 E. Dogwood Trail offers a canal view with Southern Shores Loblolly Marina views at the South end and Dick White Bridge at the North end. With more than 20 years of experience landscaping, Whaley Fun Returns will be transforming the lot into a parklike setting that watersport enthusiasts will love. Inside 75 E. Dogwood Trail you will find the quality of work found in the 100 Bridge Street house featured on the home page. Click the button below to get an idea of what kind of aesthetically pleasing improvements you should expect to see at the 75 E. Dogwood Trail luxury vacation rental.
"The Family Reunion", a "to be built" vacation home limited to your imagination upgrades the existing 3543 sq. ft. home's spacious floor plan to about 4292 sq. ft. with the main living area featuring a chef's kitchen, family room and dining area with a fireplace in the middle of the room. A game room with a bowling alley, indoor pool, boat dock and sleeping accommodations for 14 people make this vacation rental one of a kind with $140,000-$160,000 of projected annual rental income at Vacasa. With 5 bedrooms, an additional 2 loft style bedrooms, 4 bathrooms, 2 family rooms with their own fireplaces and lots of deck and patio space, the "Family Reunion" offers tons of space for families to enjoy together. Exterior improvements include the addition of a deck similar to the above picture facing the canal guaranteeing guests memories at "The Family Reunion" that will last a lifetime.
Because of the equity the current owners have in 75 E. Dogwood Trail, Whaley Fun Returns is offering a "no risk partnership" opportunity which means you, the partner, will be entitled to your original investment if 75 E. Dogwood Trail is sold prior to the existing owner obtaining any funds from the sale of 75 E. Dogwood Trail. Meaning, if you invested $500,000 in 75 E. Dogwood Trail and 75 E. Dogwood Trail is sold, your $500,000 is returned prior to the current owners receiving any funds from the sale of 75 E. Dogwood Trail.
Why is Whaley Fun Returns offering a "Risk Free" investment that sounds too good to be true? Answer: Whaley Fun Returns is an owner operated home improvement provider based in the Outer Banks, NC. Providing home improvements is different than providing something like medical or legal services and substantial renovations and additions to primary residences require lots of night and weekend shifts to be added to the typical 40 hour work week when working without a partner/investor. With school events to attend, children leaving for college, sports and all the other child raising experiences you get one chance to enjoy, Whaley Fun Returns "Luxury Vacation Home" comes second to being an involved parent after school and on weekends. An investor or partner makes the "Luxury Vacation Rental" Whaley Fun Returns' 40+ hour a week job without interfering with parenting priorities. Let's build the "Luxury Vacation Home" together!
Our owner-occupied renovation properties offer unimaginable flexibility to the buyer. You choose how you want the renovation completed, have the flexibility of living and owning your current home for as long as you desire and only pay for the renovations until the title is transferred to your name. An owner occupied opportunity potentially gives you years to sell your existing home and make your future financial plans. Our owner-occupied renovations are limited to your terms!
Whaley Fun Returns is currently offering at least 4% buyers agent commission for an acceptable offer. 75 East Dogwood Trail is not for sale right now because of the renovations in progress and lack of publicly advertised MLS, but that does not mean offers to purchase 75 East Dogwood Trail will not be considered. Making this primary residence a one of a kind vacation rental appears to be the wisest way to start enjoying the potential of 75 East Dogwood Trail.
Southern Shores beaches are almost only accessible to Southern Shores residents due to parking restrictions to residents and their guests, making this investment opportunity truly a one of a kind opportunity to experience some of the most beautiful beaches that the Outer Banks has to offer.
Submit your offer and expect a response within 2 business days.
WHALEY FUN RETURNS LLC
75 E. Dogwood Trail, Southern Shores, NC 27949
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