Most Expensive Kure Beach Home Sold in 2011 — definitely Oceanfront

Most Expensive Oceanfront Kure Beach Home Sold in 2011

It’s always fun to see what we can’t afford eh? Seems like everybody wants to buy a home 5% out of their price range no matter what price they are in. Ask any buyer agent and you’ll get emphatic nodding in agreement….

And the winner for most expensive Kure Beach home sold is….

1055  S Fort Fisher Blvd,  Kure Beach, NC  28449  Sold in 2011 for $1,275,000.

Listing remarks:  Are you looking for a new oceanfront house? If you are then look no further! Fabulous 6 bedroom/6 bath (office has been turned into a 7th bedroom) with three levels, 4189 sq. ft. home located right on the Atlantic ocean! This vacation home makes an unbelievable short term rental property. An inground heated swimming pool with decking has been incl. All the top notch amenities are here including elevator and Anderson windows and doors. No expense was spared. Home comes completely furnished. There are 2 separate laundry rooms on different floors with full size machines. The kitchen has granite counters, tile back splash and stainless appliances – even has 2, yes 2, dishwashers to make easy clean-up after a shrimp boil! What’s even better than 2 dishwashers is the under the counter ice maker making it easy to fill a cooler to take to the beach! This spectacular property is booked out all summer with vacation rentals. Grossed 128,000 in rental income in 2010! Come take a look.

 

Investing in Kure Beach Real Estate–running the numbers for Investors

Would this be a good investment property?  It grossed $128,000 in 2010.  so if you put $200,000 down that leaes about $1,000,000 in loan to payoff.  A mortgage on that amount might mean a monthy payment with taxes of $5422.00.  Yet your monthly income is $10,666…..That is mindblowing investment…not complicated.  What needs to be included though are insurance costs and perhaps a slightly higher interest rate for non primary residence investment.  Still the numbers are great for a Kure Beach real estate investor.

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