177 Acres of Prime Coastal Land for Sale in Outer Banks

News Summary

A substantial 177 acres of unimproved coastal property in the Outer Banks is available for sale. This unique offering features direct Atlantic Ocean access and is approved for various developments including hotel rooms and residential homes. With multiple parcels ready for building and upcoming infrastructure improvements, this is a significant opportunity for investors and developers looking to capitalize on the area’s charm and tourist appeal.

Big Opportunities on the Coast: 177 Acres in Outer Banks Up for Grabs!

Have you ever dreamed of owning a piece of paradise? Well, get ready because there’s a stunning 177 acres of prime coastal land in the Outer Banks of North Carolina that’s currently for sale! This is no ordinary listing—this gem holds the title of the largest unimproved property with direct Atlantic Ocean access in the entire Eastern U.S. Talk about a golden opportunity for developers and investors!

Location, Location, Location!

Situated near a popular beach town just south of Corolla, this land has the potential to be the next big attraction for holidaymakers and locals alike. Imagine creating a vibrant community filled with beautiful homes, luxurious hotel accommodations, and commercial spaces. With the breathtaking backdrop of the Atlantic Ocean, this location is bound to be a hit!

Development Ready

The magic of this listing lies in the fact that all five parcels are approved for by-right development. This means that the groundwork is already laid for a range of developments, including:

1,250 hotel rooms to accommodate tourists flocking to the stunning Outer Banks.
Up to 782 single-family homes for those looking to settle down near the coast.
Approximately 428,000 square feet of commercial development to support the economy and serve the local community.

This kind of flexibility allows developers to dream big, whether it’s creating family compounds or planning larger projects that would bring a whirlwind of activity to the area.

A Closer Look at the Parcels

The combined total of the parcels offers a variety of sizes, ranging from a cozy 5.31 acres to a whopping 82.64 acres. For those seeking the ultimate waterfront experience, two parcels are located right on the Atlantic Ocean. The largest parcel alone measures over 76 acres and has an assessed value exceeding $22 million. Not too shabby!

Trusted Ownership

The largest parcel belongs to Coastland Properties, a well-regarded name in real estate based in Virginia Beach. This company is linked to Coastland Corporation, which is owned by a notable figure in the industry, James E. Johnson. Two additional sizable tracts boast >44 acres and together have a tax value of over $5 million. There’s also a parcel over 42 acres with a tax value surpassing $12.4 million. These properties are all set to benefit from municipal water and sewer services, enhancing their development potential.

Building Heights and Future Prospects

Developers can also enjoy the freedom of building heights, as the largest parcel has an approved height limit of 75 feet, while other parcels have a cap of 35 feet. With such tall aspirations allowed, the skyline could soon change in this coastal paradise!

The Mid-Currituck Bridge: A Gateway to Success

Adding to its allure, there’s the upcoming Mid-Currituck Bridge project, a 7-mile, two-lane bridge that will connect the mainland with the Outer Banks. This infrastructure investment is bound to boost accessibility and attract even more visitors, making it an enticing prospect for any potential developer.

Get Ready to Dive In!

While the seller’s identity and asking price remain under wraps, the excitement surrounding this listing is undeniable. With the property being positioned to cater to both residential and commercial interests, the possibilities are endless! If you’ve ever thought about making waves in the real estate market or simply wish to bask in the beauty of the Outer Banks, now’s the time to pay attention!

The clock is ticking, and as opportunities like this don’t come around often, it might just be the best time to dive into the coastal real estate scene!