5515 S Virginia Dare Trail #Unit B-1, Nags Head, NC 27959 (MLS # 132512)
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Positioned for strong rental performance, this sand dune-protected, oceanfront condo in the highly sought-after Admiral's View community in Nags Head offers an exceptional investment opportunity on the Outer Banks. This 2-bedroom, 2-bath unit combines prime oceanfront positioning with low-maintenance ownership"”an ideal addition to any short-term rental portfolio. The property features direct beach access and an open-concept living area enhanced by new east-facing windows and outdoor decking, maximizing guest appeal with unobstructed sunrise views. Recent capital improvements"”including a new heat pump (2021), durable LVT flooring, stainless steel appliances, granite countertops, and updated bathrooms"”help minimize near-term maintenance costs while supporting premium rental rates. Overlooking the community's oceanfront pool and expansive sun deck, the unit offers the amenities today's vacation renters prioritize. Its walkable location near popular restaurants, shops, and key attractions like Jockey's Ridge and Jennette's Pier further strengthens occupancy potential and seasonal demand. With a projected gross rental income of $65,000, this property delivers a compelling blend of consistent cash flow, strong guest appeal, and long-term appreciation in one of the Outer Banks' most desirable oceanfront communities. Overlooking the community's oceanfront pool and expansive sun deck, this condo puts relaxation front and center. Step outside and you're just a short stroll from top local restaurants, cafés, and boutique shops, with iconic Outer Banks attractions like Jockey's Ridge and Jennette's Pier only minutes away. Whether you're searching for a second home, a high-performing investment property, or a personal beachside escape, this condo delivers. With an advertised projected gross rental income of $65,000, it offers a rare combination of prime oceanfront location, laid-back coastal lifestyle, and strong income potential"”all on one of the most sought-after stretches of the Outer Banks.
| DAYS ON MARKET | 16 | LAST UPDATED | 4/13/2026 |
|---|---|---|---|
| TRACT | Admirals View | YEAR BUILT | 1980 |
| COUNTY | Dare | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Cable TV, Electricity, Maintenance Grounds |
| APPLIANCES | Dishwasher, Microwave, Oven, Range, Refrigerator |
| CONSTRUCTION | Frame, Vinyl Siding, Wood Siding |
| HEAT | Heat Pump |
| INTERIOR | Elevator |
| LOT DESCRIPTION | Waterfront |
| PARKING | Parking Lot, Off Street |
| POOL | Yes |
| POOL DESCRIPTION | Outdoor Pool, Association, In Ground |
| SEWER | Shared Septic |
| SUBDIVISION | Admirals View |
| TAXES | 1972.35 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Beach Front, Beach Access, Ocean Front |
MORTGAGE CALCULATOR
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Listing provided by Brittany M Johnston, Keller Williams - Outer Banks
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