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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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180 Irvin Garrish Hwy Unit 404 , Ocracoke, NC 27960
$339,000
Est. Payment: $753.33/mo
1 Bed
1 Bath
275 Sqft
Status: Pending | Days on site: 81
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House Description

The Anchorage is an iconic harbor-front inn in the heart of the village on Ocracoke Island! Guests & families have enjoyed staying at The Anchorage for decades, eating at SmacNally's, using the Marina, & renting golf carts from our on-site cart rental business (all a short walk away), relaxing in the swimming pool & on the tanning deck, using the deep-water docks w/ large boat slips in the Silver Lake Harbor, & much more! Under new ownership, The Anchorage has been renovated & condominiumized, giving you the opportunity to own an income-producing inn room with a deep-water boat slip, all at a price consistent with that of a small slice of raw land here on the Island! Unit 404 is on the 4th level, offering stellar views of Silver Lake Harbor & the Sound beyond! The Anchorage units come freshly-painted & newly-outfitted with new furniture, new beds, new appliances & new decor - all paid-for by the Developer! Crown Management is the new on-site property manager; they handle all marketing, reservations, guest services, & accounting for the vacation rentals. They also market & manage reservations for the boat slips - along with the Marina. Crown also manages the Anchorage POA. Each unit is expected to net between $22k - $25k after deducting the POA dues - which covers building maintenance (interior & exterior), landscaping, ALL utilities (power, water, cable, internet), & the insurance for each property owner, master insurance policy for the OA & common areas, AND the flood insurance policies for the property & each unit! (before Crown Management's STR fees). The Anchorage sits on one of the higher properties on Ocracoke Island. Until Hurricane Dorian, the property had never flooded & hasn't since. Minimal water came in during Dorian (less than 1''), and was in & out in minutes. You can use or rent the deep-water boat slip - a short walk away. Many 2025 Spring, Summer & Fall dates are fully-booked! Buy now & inherit these lucrative reservations!

Highlights

Listed by Bill Rich , 252-333-2596 The Rich Company of Ocracoke , 252-333-2596.

Property Type

Condo/Townhome

HOA Fee

4705 Annually

Year Built

1982

County

Hyde

Neighborhood

Not In Subdivision

Listing ID

100493608

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:1
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Mini Refrigerator, See Remarks, Generator, Generator
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:LVT/LVP,Tile
Other:
  • Additional:Whole-Home Generator, Elevator, Furnished, Blinds/Shades
Water:Community Water

Exterior Features

Lot:See Remarks,Level,Corner Lot,Boat Slip,Boat Dock,Bulkhead,Deeded Waterfront,Harbor,Pier,Sailboat Accessible,Sound Side,Water Access Comm,Water Depth 4+,Marina Front,Fencing: None,Outside City Limits
Garage Capacity:0
Zoning:open/mixed
Roof:Shingle,Composition
Others:
  • Additional:Outdoor Shower, No USPS Mail Delivery
Parking Features:Shared Driveway,Golf Cart Parking,Parking Lot,Additional Parking,Gravel,See Remarks,Lighted,Off Street,On Site,Unpaved
Principal Interest
$753
Taxes
$216
HOA
$4,705

Home Price

$339,000

Loan Details

30 yrs
%

Down Payment

20%
$67,800
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Monthly Price:
$753.33

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $753.33 $216.11 $4,705.00 $5,674.45
Yearly $9,040.00 $2,593.35 $56,460.00 $68,093.35
Total $271,200.00 $77,800.50 $1,693,800.00 $2,042,800.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ocracoke, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.