Owning a beachfront home features lots of advantages– continuous ocean views, fresh seafood, possibly a more relaxed lifestyle, and the opportunity to make some additional income by renting it out. If the latter is of specific significance to you, Hatteras Island, North Carolina, should be on your radar. The barrier island was recently named among the best oceanfront destinations to own a beach house by Vacasa (Hatteras Island is second on the list, Lake Anna in Virginia took the No. 1 area).
According to Vacasa’s recent information, homeowners make approximately $58,556 in rental income a year, with mean home price at $412,500.
” Hatteras Island is one of the most special housing markets in the nation and can still pay for remarkable rates of return compared to many other areas.
What else makes this thin barrier island, part of the Outer Banks, such a good financial investment? Most notably, this divine slice of land is part of Cape Hatteras National Seashore, our nation’s first nationwide seashore, developed in 1953. The nationwide seashore minimal large-scale real estate development, by offering the sand dunes, marshes, and beaches secured status.
Hatteras Island is comprised of 7 quaint towns– Rodanthe, Waves, Salvo, Avon, Buxton, Frisco, and Hatteras Village– connected by miles of idyllic stretches of sand overlooking the Atlantic Ocean and Pamlico Sound.
” Within each town, you will discover communities and neighborhoods that blend contemporary seaside homes with older homes creating an one-of-a-kind community that is flourishing,” Beacham said. “These as soon as sleepy little fishing villages have actually become tourist locations, and it seems that the eyes of the country have actually now been opened to how extraordinary the area is.”
As visitors drive south of Pea Island National Wildlife Reserve, they arrive in Rodanthe, Waves, and Salvo. Residents refer to them as the Tri Villages as they lie next to one another and seem like one huge community, with lots of mom-and-pop shops and restaurants. The area is a kite surfer’s paradise and is home to a few of the biggest kitesurfing schools on the Outer Banks.
About 14 miles farther south is Avon, where you’ll discover the largest grocery store in the location and the first fishing pier on Hatteras Island, going back to 1962. The wooden structure is 600 feet long and draws anglers fishing for red drum.
Next up is Buxton. Travelers flock here to see the tallest brick lighthouse in the nation, which rises 198 feet and has a distinct black-and-white pattern on its façade.
Lastly, Brixton, Frisco, and Hatteras Village are the epicenter of recreational fishing on the Outer Banks.
“Frisco feels like Hatteras Island before it was ‘found’ by generations of travelers. Peaceful and little, it offers up a little privacy while putting the dining establishments, groceries, and activities of Buxton and Hatteras Village within simple reach,” Beacham described.
So where should you start your look for the best beach vacation home on Hatteras Island? It is vital to find a broker who comprehends the regional realty market– consisting of local policies.
“Purchasing on a barrier island is various than purchasing a home in other parts of the country. Choose an agent with experience who can recommend you on things such as flood zones, flood risks, insurance, trip rental laws, residential or commercial property management, and a long list of other crucial subjects,” he included.
“Currently, there are only 71 active single-family homes on the market for sale on all of Hatteras Island. This data reveals that need for beach homes in the area is outmatching supply,” he described, keeping in mind that well-kept homes in excellent locations sell quickly and are in high demand. With the reasonable housing prices, idyllic surroundings, and possibility for a fantastic return on investment, why would not they be?