Updated Beach Cottage
For Sale
$849,000
41 Skyline Road Unit 1, Southern Shores, NC 27949
Separate apartments combine refreshed interiors, private entrances, shared landscaped grounds, and flexible residential income potential.
Property Size2,052 SF
Price / SF$413.74
Days on Market143
Property Features for 41 Skyline Road Unit 1
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Residential / Multi-Family 2-4 Units
Zoning
RS1
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,398
Amenities
electric fireplace
granite countertops
stainless appliances
deck
enclosed porch
storage shed
built-in bookshelves
beamed ceiling
Central Air, Heat Pump
Central, Heat Pump
Carpet, Ceramic Tile, Wood, Hardwood
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
2
5
Granite, Laminate
Piling, Slab, Short Pilings
No
Asphalt
Vinyl, Hurricane Shutters
Frame
Building Details
Year Built
1966
Buildings
1
Stories
2
Construction
beach cottage
Listing Agency:
Twiddy and Co. - Duck
Listed By:
Ray S Meiggs · License #290422
(252) 333-5310
Source:
Compass
Added: May 27
Changed: Oct 13
Last Checked: Oct 15 at 1:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Twiddy and Co. - Duck
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Investment Insights
Based on property information with market context.
This 2,052-square-foot duplex, built in 1966, contains five bedrooms and two full bathrooms across two independently accessed apartments. The first-floor residence includes a living room with electric fireplace, granite kitchen counters, gas range, stainless appliances, pantry, two queen bedrooms, office, laundry, and a tiled shower. The upper apartment features wood-finished interiors, a beamed living room, kitchen with stainless appliances, two queen bedrooms, a king bedroom, laundry area, enclosed porch, and an east-facing front deck.
The property sits on a landscaped lot within a residential cul-de-sac and includes guest parking. A powered storage shed on a concrete slab provides shelving and an industrial air-conditioning unit, supporting studio, workshop, or pottery uses. The property is zoned RS1 and is a 5–10 minute walk from the beach. Southern Shores Civic Association ownership provides access to 33 beach walkways and dune crossovers, three marinas, tennis courts, and several parks.
The property sits on a landscaped lot within a residential cul-de-sac and includes guest parking. A powered storage shed on a concrete slab provides shelving and an industrial air-conditioning unit, supporting studio, workshop, or pottery uses. The property is zoned RS1 and is a 5–10 minute walk from the beach. Southern Shores Civic Association ownership provides access to 33 beach walkways and dune crossovers, three marinas, tennis courts, and several parks.
Key Highlights
- 2,052 SF duplex with 5 bedrooms and 2 full bathrooms
- Two separate apartments with private entrances and a shared landscaped yard
- First‑floor kitchen includes granite counters, gas range, pantry, and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,294
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,880
$605.9K
Cap Rate 7%
$432,771
$432.8K
Cap Rate 9%
$336,600
$336.6K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$45.6K $22.20/SF
− Vacancy
−$2.3K −$1.11/SF
EGI
$43.3K $21.09/SF
− OpEx
−$13.0K −$6.33/SF
NOI
$30.3K $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%
$605,880
Cap Rate 7%
$432,771
Cap Rate 9%
$336,600
Alternative Uses
Best Use
Multifamily LT 5
$432.8K
$378.7K – $504.9K
NOI $30,294 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.8K
NOI $28,066 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 27949, NC
8,151
Population
9,001
Households
0.9
Avg Household Size
54
Median Age
52%
College-Educated
98%
High-School Grad
15.2 sq mi
ZIP Area
536
Density / Sq Mi
$109,443
Median Household Income
$44,423
Median Earnings
$1,364
Median Rent
$600,700
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 - Separate apartments combine refreshed interiors, private entrances, shared landscaped grounds, and flexible residential income potential.
Where is this duplex located?
The property is located at 41 Skyline Road Unit 1 Southern Shores, NC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,052 SF duplex with 5 bedrooms and 2 full bathrooms; Two separate apartments with private entrances and a shared landscaped yard; First‑floor kitchen includes granite counters, gas range, pantry, and stainless appliances
