1237 S Virginia Dare Trail Kill Devil Hills NC 27948

Property was purchased in 2018 after being owned by the same family since it was constructed in 1972 for $355,000. It was renovated from the studs and self managed with an average occupancy of 68%. Property sold in April 2025 for $790,000. It remains a STR and the new owner has increased the daily rental rate even higher.

1237 S Virginia Dare Trail Kill Devil Hills NC 27948

Investment Overview

Investment Amount
Monthly Revenue
Annual Revenue
ROI
Cap Rate
Occupancy Rate
“As a Realtor & investor of 28 years, THIS was my favorite project & my best investment of all times! It was the most fun to design & renovate but also to enjoy the benefits of use while reaping the benefits! I'm still searching for a replacement for it!! Buyer, Seller, Agent--- Stacey”

— Client of Stacey B Bateman

More from Stacey B Bateman

307 W Durham St Lot 624
3
Beds
3
Baths
2,252
Sq Ft
Proj. Revenue:
7104 S Virginia Dare Trl Lot 3
2
Beds
2
Baths
976
Sq Ft
Romantic-getaway
Lot Value
Huge Lot
+3
Proj. Revenue:
23289 E Beacon Dr Lot 3
6
Beds
5
Baths
2,933
Sq Ft
Luxury
Oceanfront
Unique
Iconic
+6
Proj. Revenue:

Financial & Investment Disclaimer: All information on this website is for informational purposes only and is believed accurate to the best of our knowledge but is not guaranteed. Nothing constitutes financial, tax, legal, or investment advice. All investments involve risk and you may lose some or all of your capital. Projections, case studies, and examples are illustrative only and not guarantees of future results. Agents operate independently under their own brokerages. Savvy may receive affiliate or referral compensation. Intended primarily for US residents. Conduct your own due diligence and consult your own professionals. Full disclosure applies.