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46006 Cottage Avenue
Buxton, NC 27920
Trisha Midgett & Team with Midgett Realty - Rodanthe, original listing - (252) 986-6321
$499,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1278 Square Feet
Property Description
Discover a unique semi-oceanfront gem in the heart of Buxton, NC. This one-of-a-kind beach cottage, originally built in 1956, combines timeless charm with modern comforts, offering breathtaking ocean views and an eclectic artistic flair. Step into a home filled with distinctive touches. A brick wood-burning fireplace, framed by the beach backdrop and adorned with conch shells, creates a cozy focal point. Wood shutter saccentuate arched ocean-facing windows, while wood ceilings and a chandelier add a touch of elegance. Rustic wood floors run throughout, enhancing the home's unique character. The recently updated kitchen boasts quartz countertops, a Cle tile backsplash, and a sleek retro refrigerator. In recent years, major updates include new pilings, a new roof, updated insulation, electrical, and plumbing systems, new decks and stairs with stainless steel fasteners, an outdoor shower, washer and dryer, and an outdoor HVAC unit. Upon entering, you are greeted by a charming, airy, and eclectic interior. To the left is the freshly renovated kitchen; to the right, a dining area framed by an ocean-facing arch window. The living room, at the heart of the home, is balanced by the brick wood-burning fireplace, providing a cozy and inviting atmosphere.Off the living room is a king-sized bedroom and a shared full bathroom. On the other side of the home you will find a second full bathroom, a bedroom with two twin beds, and access to a half bathroom and laundry room with a full-sized stackable washer and dryer. A newly added third sleeping space off the twin bedroom features shiplap walls and ceiling, a bright retreat with a separate entrance leading to the carport and the outdoor shower – perfect for rinsing off after a day at the beach. Enjoy the beauty and tranquility of Buxton beaches right outside your door. Visit the Cape Hatteras Lighthouse on the National Seashore, take a beach ride out to Cape Point, or spend a day on the sound at Canadian Hole. The sellers successfully rented through the peak seasons of 2022, 2023 and part of 2024, making this a great investment opportunity or second home. Experience the unique blend of old-world charm and modern convenience in this eclectic beach cottage. Schedule a viewing today and see why this Buxton home is truly one of a kind.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
46006 Cottage Avenue
City
Buxton
State
NC
Zip Code
27920
County
DARE
Listing
Name
Phone
(252) 986-6321
Office Name
Office Phone
(252) 986-6321
Agent Name
Trisha Midgett & Team
Agency Phone
(252) 986-6321

Local Real Estate Expert

SR
Susie Von Suskil, ABR, GRI Broker, REALTOR
Howard Hanna Outer Banks Realty
Call Today!: (252) 207-1088

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.