5515 S Virginia Dare Trl #B-1

Nags Head, NC 27959
List Price
$380,000
5515 S Virginia Dare Trl #B-1
5515 S Virginia Dare Trl #B-1 - Image 2
5515 S Virginia Dare Trl #B-1 - Image 3
More photos

Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

Login to view details
Stacey B Bateman
Stacey B Bateman
Savvy STR Agent

About This Property

Experience the best of Outer Banks oceanfront living and investment potential at Admiral’s View in the heart of Nags Head. This beautifully updated 2-bedroom, 2-bath oceanfront condo offers the rare combination of breathtaking views, direct beach access, and impressive income-producing capability, making it an exceptional opportunity for investors and coastal lifestyle seekers alike. Perfectly positioned behind protective dunes, this turn-key condo showcases Ocean views, abundant natural light, and an open-concept floor plan designed to maximize comfort and guest appeal. New east-facing windows and updated decking create the perfect setting to enjoy spectacular sunrises over the water, while recent upgrades—including a new heat pump (2021), luxury vinyl plank flooring, stainless steel appliances, granite countertops, and renovated bathrooms—provide modern coastal style with minimal maintenance concerns. Guests and owners alike will appreciate the community's oceanfront pool, expansive sun deck, and easy beach access just steps away. Located within walking distance of popular restaurants, shops, and local favorites, and only minutes from iconic attractions such as Jockey’s Ridge and Jennette’s Pier, this location consistently attracts vacationers year after year. With a projected gross rental income of $65,000, this property offers a compelling opportunity to generate strong returns while enjoying personal beach getaways whenever you choose. Whether you're expanding your investment portfolio, searching for a second home, or fulfilling your dream of owning oceanfront property on the Outer Banks, this condo delivers exceptional value, strong rental performance, and an unbeatable coastal lifestyle in one of Nags Head's most desirable oceanfront communities.

Romantic-getaway
Pet-friendly
Remote-work
Beach
Budget-friendly
Low Maintenance
Pool
Oceanfront

Property Details

2
Bedrooms
2
Bathrooms
912
Square Feet
1980
Year Built
Condo
Property Type

Projected Opportunity

Revenue Range
Projected ROI
Avg Daily Rate
Avg Occupancy

Comparable Airbnb Listings

Revenue data from similar short-term rentals in the area

Windjammer: Oceanfront, Shared Pool, Beach Access

Windjammer: Oceanfront, Shared Pool, Beach Access

Nags Head, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb
Beachfront OBX condo: family fun & ocean views

Beachfront OBX condo: family fun & ocean views

Nags Head, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb
Whispering Sands #6: Oceanfront Condo, Shared pool

Whispering Sands #6: Oceanfront Condo, Shared pool

Nags Head, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb

Your Agent

Stacey B Bateman

Stacey B Bateman

STR Investment Specialist

Outer Banks, NC

3
Deals Closed
28
Years Experience

Investment Calculator

Calculate your potential returns with real property data

Est. Monthly Cash Flow
Cash-on-Cash Return

Listing agent: Brittany M Johnston. Listing courtesy of Keller Williams Outer Banks KDH. Information deemed reliable but not guaranteed.

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.