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    205 Barefoot Lane Atlantic Beach, NC 28512

    View on Map
    For Sale
    $995,000

    MULTI_FAMILY - Atlantic Beach, NC

    Property size:
    1,964 SF
    Lot size:
    0.14 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    189
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 205 Barefoot Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4
    Patio and Porch features
    Deck, Patio
    Interior features
    Ceiling Fan(s), Blinds/Shades
    Appliances
    Electric Oven, Refrigerator, Dishwasher
    Standard status
    Active
    APN
    638516739190000
    Size
    1,964 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    L6 BD TRIPLE ESS SHORES
    TaxAnnualAmount
    1771

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Tile, Lvt/lvp
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Candice Tirado

    Listing agent Candice Tirado License #314680

    Listing office Coldwell Banker Sea Coast Adv EI 8002 Emerald Isle Drive, Suite D, Emerald Isle, NC

    Listing date Sep 25, 2025

    MLS# 100534341

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Furnished Investment Property Near Beach

    This furnished investment property is located a short distance from the beaches of Atlantic Beach. The property includes 3 bedrooms and 3 bathrooms across two levels, with 2 additional flex spaces. The second floor offers 1,964 square feet of living space, featuring a spacious kitchen with ample cabinetry and a large great room combining dining and living areas. This level includes 2 bedrooms, 2 full bathrooms, and a flex space furnished with a trundle bed and a Murphy bed. A back deck with patio furniture provides outdoor relaxation space. The first floor features a covered front porch and a self-contained unit with a bedroom, a full bathroom, and a flexible living space with two twin beds. This level also includes a full kitchen and a dining/living room area, with approximately 953 square feet, offering potential for separate living quarters or additional rental income. An additional living space is outfitted with a queen-size bed, full bathroom and kitchen. An outdoor shower and fire pit enhance the property's appeal for outdoor enjoyment. The property is situated on a lot of 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Gym & Fitness Center Hotel & Motel Kitchen & Bath Showroom Accounting Firm Bed & Breakfast Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic Beach
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.708521
    Latitude
    34.698188

    Nearby Similar for Sale

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    • $2,499,900

      Furnished Hotel with Deepwater Boat Slips

      Charming, fully furnished hotel with private dock and boat slips.
      200 Atlantic Beach Causeway, Atlantic Beach, NC 28512
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    • $1,575,000
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      Atlantic Beach Renovated Rental Property

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      View Details

    FAQs

    What type of property is this?
    Short term rental property - Versatile, furnished property near Atlantic Beach with rental history.
    Where is this short term rental property located?
    The property is located at 205 Barefoot Lane Atlantic Beach, NC.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Short stroll to Atlantic Beach.; Rental‑ready investment property with established rental history.; Two levels with **3 bedrooms, 3 bathrooms**, and 2 flex spaces.
    (714) 420-7412
    We can help!
    Listing Contact
    Candice Tirado
    Real Estate License ID: 314680
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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