5515 S Virginia Dare Trl #B-1




Why I Like This Property
“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”
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.
Property Details
Projected Opportunity
Comparable Airbnb Listings
Revenue data from similar short-term rentals in the area

Windjammer: Oceanfront, Shared Pool, Beach Access
Nags Head, NC

Beachfront OBX condo: family fun & ocean views
Nags Head, NC

Whispering Sands #6: Oceanfront Condo, Shared pool
Nags Head, NC
Investment Calculator
Calculate your potential returns with real property data
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.