About This Home

This 2-bedroom, 2-bathroom condo at 5515 S Virginia Dare Trail #B-1 in Nags Head, NC is listed for $375,000 ($411 per sqft). Built in 1980, the home offers 912 sqft of living space on a N/A lot.

Key Features

  • Built in 1980
  • Waterfront

Property Details

2 full
#B-1
1980

Amenities

WaterfrontView
Listing Description

Experience the best of Outer Banks oceanfront living and investment potential at Admiral's View in the heart of Nags Head. This beautifully updated 2-bedroom, 2-bath oceanfront condo offers the rare combination of breathtaking views, direct beach access, and impressive income-producing capability, making it an exceptional opportunity for investors and coastal lifestyle seekers alike.

Perfectly positioned behind protective dunes, this turn-key condo showcases Ocean views, abundant natural light, and an open-concept floor plan designed to maximize comfort and guest appeal. New east-facing windows and updated decking create the perfect setting to enjoy spectacular sunrises over the water, while recent upgrades-including a new heat

pump (2021), luxury vinyl plank flooring, stainless steel appliances, granite countertops, and renovated bathrooms-provide modern coastal style with minimal maintenance concerns. Guests and owners alike will appreciate the community's oceanfront pool, expansive sun deck, and easy beach access just steps away.

Located within walking distance of popular restaurants, shops, and local favorites, and only minutes from iconic attractions such as Jockey's Ridge and Jennette's Pier, this location consistently attracts vacationers year after year. With a projected gross rental income of $65,000, this property offers a compelling opportunity to generate strong returns while enjoying personal beach getaways whenever you choose.

Whether you're expanding your investment portfolio, searching for a second home, or fulfilling your dream of owning oceanfront property on the Outer Banks, this condo delivers exceptional value, strong rental performance, and an unbeatable coastal lifestyle in one of Nags Head's most desirable oceanfront communities.

Monthly Cost Estimate

$12,386/mo

20% down · 6.5% · 30 years

Principal$271
Interest$1,625
Insurance$109
HOA$10,380

Estimates only. Actual payments may vary.

Location

5515 S Virginia Dare Trail #B-1

Nags Head, NC 27959

Admirals View

Property Details

Flooring

Vinyl

Construction

Frame Wood

Views

Ocean

Parking

Off StreetParking Lot

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Appliances

DishwasherMicrowaveRange/OvenRefrigerator

Questions & Answers

This 2-bedroom, 2-bathroom condo at 5515 S Virginia Dare Trail is listed at $375,000 ($411/sqft). The estimated monthly payment is $12,385 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $10380/month.

Key features include: Built in 1980, Waterfront.

This property is listed by Brittany Johnston.

BJ

Brittany Johnston

Agent at Keller Williams Realty Outer Banks

Listed by Keller Williams Realty Outer Banks · Broker phone: (252) 207-6588 · View on Broker Site

MLS# 133276· Source: Outer Banks Association of Realtors®· 127 days on PropertySimple

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.

5515 S Virginia Dare Trail #B-1, Nags Head, NC 27959

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