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    9519 Ocean Dr Emerald Isle, NC 28594

    Sponsored
    For Sale
    Under Contract
    $2,289,000

    MULTI_FAMILY - Emerald Isle, NC

    Property size:
    3,072 SF
    Lot size:
    0.43 Acres
    Days on Market:
    35
    Last Refresh:
    Jan 20 at 1:06 pm

    Property Features for 9519 Ocean Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    Residential
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 6
    Bedrooms
    6
    Bathrooms
    6
    APN
    538313030854000
    Parking features
    Carport
    Patio and Porch features
    Deck
    Interior features
    Kitchen Island, Furnished, Pantry
    Exterior features
    Irrigation System
    Appliances
    Built-In Microwave, Washer, Refrigerator, Range, Dryer, Dishwasher
    Size
    3,072 SF
    Lot size
    0.43 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Lvt/lvp
    Building materials
    Fiber Cement
    Roof type
    Shingle

    We can help!

    Listing Contact
    Cynthia A Earnhardt

    Bluewater Real Estate-EI (252) 354-2128 [email protected]

    Listing agent Cynthia A Earnhardt (252) 354-2128 License #174192

    Listing date Dec 17, 2025

    MLS# 100528941 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Oceanfront Duplex with Inground Pool

    This oceanfront duplex, known as Footprints, is located in the desirable Ocean Oaks community off Coast Guard Road. It features an inground pool and a history of successful vacation rentals. The property includes six bedrooms, two flex rooms, four full baths, and two half baths. The east side was renovated in 2019, and the west side was renovated in 2023-24 to closely match. Renovations include LVP flooring, new kitchens, updated bathrooms, and an open great room floor plan. Additional updates feature new deck boards, sliders, a roof extension to cover oceanfront porches, and a new roof. 2025 improvements are scheduled to include new exterior paint, carport vinyl louvers, new pool furniture, and new meter bases. The property is offered fully furnished and landscaped, complete with a sprinkler system. The structure has been condominiumized, allowing flexibility for individual ownership of each side, each having its own electric meter, water, and septic system. Connecting doors on both levels provide the option to rent as one large home or two separate units. The property size is 3072 square feet on a 0.43-acre lot. The duplex is located in Emerald Isle, NC. The property is a proven income producer with 2025 income projected to be $150,000+.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Hair Salon Clothing Store Gym & Fitness Hotel & Motel Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Emerald Isle
    County
    Carteret
    State
    North Carolina
    Longitude
    -77.070799
    Latitude
    34.652017

    Nearby Similar for Sale

    • $385,000
      768 SF

      Ocean View Condo For Sale

      Updated 1 bed, 1.5 bath condo with ocean views.
      8801 Reed Dr, Emerald Isle, NC 28594
      View Details
    • Contact for pricing

      Emerald Isle Commercial Space Available

      Commercial office/retail/studio space in prime Emerald Isle location.
      8752 Reed Dr, Emerald Isle, NC 28594
      View Details

    FAQs

    What type of property is this?
    Duplex - Oceanfront duplex in Ocean Oaks with proven rental income.
    Where is this duplex located?
    The property is located at 9519 Ocean Dr Emerald Isle, NC.
    What is the asking price?
    The asking price for this property is $2,289,000.
    What are key features of this property?
    This property features: - Direct Oceanfront Duplex with Inground Pool; - Proven Income-Producing Vacation Rental, projected to earn $150,000+ in 2025; - Fully Furnished with Recent Renovations (2019-2024) including new kitchens and LVP flooring
    (252) 646-3244
    Request Owner's contact information
    9519 Ocean Dr Emerald Isle, NC 28594
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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
    9519 Ocean Dr Emerald Isle, NC 28594
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    We can help!
    Listing Contact
    Cynthia A Earnhardt
    Real Estate License ID: 174192
    (252) 646-3244
    Learn more
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