Duplex with Private Soundfront
For Sale
$899,000
219 Kitty Hawk Bay Drive, Kill Devil Hills, NC 27948
RESIDENTIAL, Beach Box, Reverse Floor Plan, Coastal, Kill Devil Hills, NC
Property Size1,888 SF
Lot Size0.25 Acres
Price / SF$476.17
Days on Market212
Property Features for 219 Kitty Hawk Bay Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Off Street
Interior features
Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Pantry, Washer Connection
Appliances
Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
Subdivision
Colington Hrbr
Lot features
Beach Frontage, Bulkheaded, Level, Water Frontage
Standard status
Active
Size
1,888 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2741
HOA Fee
$384 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water front
1
Amenities
private soundfront dock
clubhouse
pool
tennis courts
marina
balconies and decks
Building Details
Year built
1984
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Outer Banks Beach Rentals & Sales
(252) 255-1255
Listed By:
Lori London · License #169530
(252) 202-2816
Added: Apr 2
Changed: Oct 27
Last Checked: Oct 30 at 9:06AM
MLS# 132372
Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 0.25 acres at 219 Kitty Hawk Bay Drive in Kill Devil Hills, this 1,888-square-foot duplex was built in 1984. Its two sides each have two bedrooms, and the multi-level layout includes balconies and decks with water views. Central heating and air conditioning serve the property; appliances include a range, refrigerator, dishwasher, washer, and dryer. A private dock is located on the soundfront lot.
The R-4-zoned property is within Colington Harbour, where residents may use the community pool, clubhouse, tennis courts, and marina for a fee. Updates include vinyl siding, some upper windows and doors, electric service on both sides, exterior light fixtures, the front deck, and rear stairs in 2022. The roof dates to approximately 2013.
The R-4-zoned property is within Colington Harbour, where residents may use the community pool, clubhouse, tennis courts, and marina for a fee. Updates include vinyl siding, some upper windows and doors, electric service on both sides, exterior light fixtures, the front deck, and rear stairs in 2022. The roof dates to approximately 2013.
Key Highlights
- Soundfront duplex with a private dock
- 1,888 square feet on a 0.25‑acre lot
- Two bedrooms on each side; multi‑level layout with balconies and decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,873
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,460
$557.5K
Cap Rate 7%
$398,186
$398.2K
Cap Rate 9%
$309,700
$309.7K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$41.9K $22.20/SF
− Vacancy
−$2.1K −$1.11/SF
EGI
$39.8K $21.09/SF
− OpEx
−$11.9K −$6.33/SF
NOI
$27.9K $14.76/SF
Area
Dare County, NC
Vacancy
5.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,460
Cap Rate 7%
$398,186
Cap Rate 9%
$309,700
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.6K
NOI $27,873 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$368.9K
$322.8K – $430.4K
NOI $25,823 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$455.7K
$398.8K – $531.7K
NOI $31,900 @ 7.0% cap · market cap 3.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
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Business Placement
Demographics for 27948, NC
12,095
Population
10,143
Households
1.2
Avg Household Size
46
Median Age
43%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
1,301
Density / Sq Mi
$85,319
Median Household Income
$41,433
Median Earnings
$1,539
Median Rent
$398,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side provides two bedrooms, with central HVAC and access to community boating and recreation amenities.
Where is this duplex located?
The property is located at 219 Kitty Hawk Bay Drive Kill Devil Hills, NC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Soundfront duplex with a private dock; 1,888 square feet on a 0.25‑acre lot; Two bedrooms on each side; multi‑level layout with balconies and decks
