112 E Barnes Street, Nags Head, NC 27959

Property Description

112 E. Barnes Street, Nags Head, OBX; this is a rare affordable existing home opportunity within one of the most popular Nags Head 'between the highway's' areas, close to the beach, with tons of potential. Barnes St. provides a direct shot Eastward, via the road or the sidewalk, for easy ocean access. This location offers one of the nicest stretches of beach in the area, in a great neighborhood, with back road access to grocery, restaurants, coffee shops, Dowdy Park, W. Barnes St Park, great surf spots, and all the conveniences. Use the sidewalk, back roads, and detached beach road bike path to bike, walk, run, and drive to enjoy the area and all it offers. This homes classic beach box design, with cedar shake siding, provides a large covered front porch, open side decking, open great room / living area, 3 bedrooms, and 2 full baths. All in a treed setting with live oaks, and in a preferred and safe X Flood zone location. The double width driveway, and double deep carports, provide ample parking, and potential for garage or storage expansion below. Storage room, with laundry hook-up, and outside shower on ground level. This actively enjoyed home, occupied until 7/1/26, is now vacant, and ready for a new owner to put their touch, their improvements, and their sweat equity into it to take advantage of this fantastic location. Operating home, but in need of repairs and updating. In this location, this is a great property for improvement, remodeling, with sweat equity potential. Along with personal enjoyment, this near beach and central location provides great rental investment opportunities, with high demand for both short term and year round rentals, which can provide lucrative rental income. Rental projection, based on comparable actual rental properties, assuming a remodeling of this home, in associated documents for $55,000 / yr. Recent 2024 septic system replacement, new roof approximately 2022, 2024 water heater, 2008 heat pump. Property priced and offered in it's as-is, present condition. Acknowledging many buyers may desire to improve and update the property, it is priced $50,400 below the recent Dare County 2025 valuation of $539,400, and is currently the most affordable home offered within it's Nags Head 'between the highways location'. At this 1,092 sf size, a capable buyer or investor could re-vitalize this property in short order, and turn it into a very pleasant coastal cottage. Local experienced contractors on hand for consultation if desired. Stake your OBX and Nags Head claim, at this affordable price range, in a great and popular location, while you can!