Location
Agent Comments
This turnkey OBX investment opportunity is move-in ready and located in the highly coveted X Flood Zone between the highways in Nags Head Shores! This immaculate, fully furnished 4BR/3BA coastal retreat offers unbeatable walkability to pristine Atlantic beaches, dining, and shopping, making it a high-yielding short-term rental or the perfect second home. Built for modern coastal living, the bright open-concept upper level features cathedral ceilings, an airy sun porch, and a screened-in back deck overlooking a private, shaded backyard. Designed to maximize ROI potential, the ground floor boasts a massive garage perfect for a game room or owner’s lockout, complete with a plumbing rough-in ready to be converted into premier flex space for instant equity. Paved off-street parking, an outdoor shower, and breezy mid-level covered decks complete this resilient, low-maintenance property. Peg Leg Pete's is fabulously located just .2 miles from the Bonnet Street Beach Access on the Atlantic Ocean, where you will find beach volleyball court, bathrooms, plenty of parking and a boardwalk to beach. Also nearby is Nags Head Elementary School, Outer Banks YMCA, Nags Head Woods, Jockey's Ridge, Nags Head Fishing Pier, Pirate's Quay and Dowdy Park. This ideal location is within walking distance to so many fun and free events throughout the year including yoga, music, community market basketball, pickleball, Fishing, Swimming, Surfing, beach volleyball, basketball, playground and acres of hiking in woods and sand! Do not miss out on this potential for revenue-generating beach home—schedule your tour today! Quick Facts: Top Level HVAC August 2025, Roof 2017, Fridge with Ice Maker 2024, Microhood 2022.
*Listing provided courtesy of the MLS.
Amenities
- Dishwasher
- Dryer
- Microwave
- Range/Oven
- Refrigerator w/Ice Maker
- Washer
Interior Features
- Air Conditioning: Heat Pump, Zoned
- Countertops: Laminate
- Extras: Ceiling Fan(s),Covered Decks,Outside Shower,Screened Porch,Smoke Detector(s),Sun Deck
- Floor Covering: Carpet, Vinyl
- Furnishings Available: Yes
- Heating: Heat Pump, Zoned
- Interior Features: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection
- Water: Municipal
Exterior Features
- Exterior: Lap Siding, Vinyl
- Foundation: Piling, Slab
- Garage: 1 Car, Attached
- Lot Description: Level
- Parking: Paved, Off Street, Unit Garage
- Pool: No
- Roads: Paved,Public
- Roof: Asphalt/Fiber Shingle
- Sewer/Septic: Private Septic
- Style: Traditional
- Waterfront Location: 4 - lots from oceanfront (5th row)
Additional Features
- Associated Document Count: 4
- Construction: Frame,Wood
- County: Dare
- Deed Book: 2785
- Deed Book Pg: 546
- Disclaimer: Rental Income estimates vary from firm to firm and may include money that does not go to the owner, such as cleaning fees, administrative charges or services. Buyers are encouraged to investigate how rates, fees, commissions, regulations and policies apply to specific properties before expiration of the due diligence period. It is the buyer's responsibility to determine and execute a rental management contract that best suits their needs. VRBO, Air BnB and similar rent by owner websites are handled differently. Consult legal counsel regarding rental disbursement. Additionally, the Buyer is ad
- Ownership: Owned More than 12 Months
- Rental Company: None
- Property Sub Type: Single Family - Detached
- View Description: Park Serv/Preserve
- Year Built: 2000
- Zoning: R3