Updated Duplex with Separate
For Sale
$849,000
41 Skyline Road lot #1, Southern Shores, NC 27949
RESIDENTIAL, Beach Box, Bungalow, Coastal, Cottage, Southern Shores, NC
Property Size2,052 SF
Lot Size0.26 Acres
Price / SF$413.74
Days on Market134
Property Features for 41 Skyline Road lot #1
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Off Street, Paved or Surfaced
Interior features
Gas Connection, Ice Maker Connection, Washer Connection, Electric Fireplace
Fireplace
1
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
Subdivision
So/Sh Amended
Lot features
Adj to Park Serv./ Preserv, Irregular Terrain, Level
Directions
From Ocean Boulevard, take Skyline Rd up the hill and around the curve. The property will be on your right, approximately 0.4 miles. SentriLock Box is at the base of the deck stairs leading you to the 2nd level front door.
Standard status
Active
Size
2,052 SF
Lot size
0.26 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3398
HOA Fee
$70 Annually
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Heat Pump, Central Air
Building Details
Year built
1966
Flooring type
Wood, Carpet, Tile - Ceramic, Hardwood
Building materials
Frame
Roof type
Shingle
Architectural style
Bungalow, Cottage, Other
Buildings
1
Listing Agency:
Twiddy and Co. - Duck
(252) 457-1600
Listed By:
Ray Meiggs
(252) 333-5310
Added: Jun 14
Changed: Oct 24
Last Checked: Oct 25 at 1:06PM
MLS# 133173
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.
This 1966 bungalow-style duplex contains five bedrooms and two baths across two separately accessed apartments, with a shared yard. The 2,052-square-foot property includes a first-floor unit with two bedrooms, an office, a living room, and a renovated kitchen with granite counters and a gas range. Upstairs, the second unit has three bedrooms, a living room, kitchen, laundry area, enclosed porch, and a front deck. Both apartments have full-size washer and dryer setups. A detached storage shed on a concrete slab has electricity, shelving, and an air-conditioning unit. Off-street paved parking serves the property.
The 0.26-acre parcel is on a residential cul-de-sac in Southern Shores, and the beach is a 5–10 minute walk away. Ownership in the Southern Shores Civic Association includes access to 33 beach walkways and dune crossovers, three marinas, tennis courts, and parks.
The 0.26-acre parcel is on a residential cul-de-sac in Southern Shores, and the beach is a 5–10 minute walk away. Ownership in the Southern Shores Civic Association includes access to 33 beach walkways and dune crossovers, three marinas, tennis courts, and parks.
Key Highlights
- Two separate apartments, each with a private entrance
- 2,052 square feet on a 0.26‑acre parcel
- Five bedrooms and two bathrooms across the duplex
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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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
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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 - Two self-contained apartments offer private entrances, separate living areas, and access to a shared yard.
Where is this duplex located?
The property is located at 41 Skyline Road lot #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: Two separate apartments, each with a private entrance; 2,052 square feet on a 0.26‑acre parcel; Five bedrooms and two bathrooms across the duplex
