8721 S Old Oregon Inlet Road #Lot 8 $1,999,000

Welcome to your oceanfront opportunity in the heart of Nags Head! This spacious 8-bedroom, 5.5-bathroom coastal home sits on prime oceanfront real estate with incredible potential for the savvy buyer. The top floor features an open-concept design that showcases spectacular ocean views, creating an impressive space for entertaining and relaxation. Generating $178,305 in owner gross rents in 2025, this property shows strong income potential! This well-maintained property features solid bones with room for your personal touches. Step inside to unobstructed ocean views and the thoughtfully designed open-concept layout perfect for vacation rentals. The top-level living room offers comfortable space to relax, while the kitchen boasts granite countertops and stainless appliances with ample dining options including breakfast nook overlooking the ocean, formal dining, and bar seating. The mid-level deck features a hot tub overlooking the pool and protective dune - perfect for unwinding. Spacious bedrooms and smart layout create the ultimate vacation experience. The lower level game room with wet bar provides easy access to the pool and beach walkover. Recent major improvements include a new roof (2021), new pool heater (2022), fresh interior paint and most bedding, updated flooring throughout most of the home, and living room windows. Most windows and siding are original, offering an excellent opportunity to update and personalize to your taste. Prime location near OBX Fishing Pier, Fish Heads, restaurants, shops, and Outer Banks Mall. This property offers the perfect blend of coastal charm and rental-readiness, with cosmetic enhancement possibilities to truly make it your own. Don't miss this chance to own prime oceanfront real estate with proven rental history and room to add value through updates! Please note: The rear pool fence has been replaced with wooden fencing since photos were taken.

This listing is provided courtesy by Becky Reed, Keller Williams - Outer Banks