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About This Home
This 8-bedroom, 4-bathroom residential multi family at 5213 Ocean Drive unit: E&W in Emerald Isle, NC is listed for $2,225,000 ($925 per sqft). Built in 1980, the home offers 2,406 sqft of living space on a 0.34 acres lot.
Summerplace is a fully furnished oceanfront 8bdrm, newly updated, meticulously maintained, turnkey rental duplex with partial seller financing available with substantial down payment, located on the glistening Crystal Coast's prized beaches of Emerald Isle, with generous setback, new wide gravel driveway w solar lighted border, stunning ocean views from 6 of the 8 bedrooms.
Private beach access via newer solar-lighted deck terminates in 16'x16' dune deck w. rocking chairs for coffee or sunset cocktails, then 4 steps to the sand! Visit the Aquarium in Pine Knoll Shores in 15 min. or Bogue Island Fishing Pier in 10, & restaurants galore.
Rents grossed $128K '22, $135K '23, $135K in '24 in 14-15 weeks, financials, cash flow docs avail., imagine year round! Family used most of 2025 due to remodeling, but June-July 2026 already booked. There's room for a pool for even higher rents! Each side has 4br2ba but with five beds on each side, the duplex sleeps 18.
Upgrades 2022-2026 include: stainless steel appliances, granite countertops, smooth ceilings, recessed lighting, new sinks, new hardware, new main FL baths w. custom tiled showers and floors w. epoxy grout, main FL bedrooms with newer drywall, wainscoting, carpeting and wall lamps, new fans 1st FL, new beadboard wainscoting 2nd FL bedrooms, newer high-impact windows reset w.
new flashing, new siding rear & sides, newer roof (2018), interior/exterior painted, HOT WATER and new plumbing in all three newer outdoor showers, newer 2nd Floor deck with ocean views accessible to all 4 second FL bedrooms, HVAC replaced in the winter of 2022-2023, newer hot water heaters, electric panels, buried lines, and water lines upgraded to facilitate sale of one side if buyer chooses.
Home sits on a deep .34 acre oceanfront lot with a separate 4 bedroom septic permitted on each side, both pumped in Q4 2024. The owners self-manage units w. VRBO. Supplies & logons convey. Come peruse the reviews of paradise in our guest books to an ocean breeze on the dune deck!
Key Features
- Built in 1980
- 0.34 acre lot
- 2 stories
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$11,900/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5213 Ocean Drive unit: E&W
Emerald Isle, NC 28594
Not In Subdivision
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Views
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 5213 Ocean Drive unit: E&W is listed at $2,225,000 ($925/sqft). The estimated monthly payment is $9,642 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.34 acre lot, 2 stories, Waterfront. Interior Features: Master Downstairs, 2nd Kitchen, Ceiling Fan(s). Exterior Features: Balcony, Storm Doors.
This property is listed by Marge "Meg" Russell and can be reached at 9197955973 or megrussellrealtor@gmail.com.
