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24277 Ocean Drive
Rodanthe, NC 27968
Trisha Midgett with Midgett Realty - Rodanthe, original listing - (252) 986-6321
$499,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2
Property Type
Conventional
Square ft
1242 Square Feet
Property Description
Welcome to TIDE UP—a delightful, semi-oceanfront gem just a few sandy steps from the breathtaking beaches of Rodanthe. This four-bedroom, two-bath, single-level cottage captures the charm of a classic seaside escape, balanced with modern comforts, making it a wonderful choice for your family’s beach retreat or as a lucrative investment property for short-term rentals. Step inside, and you’ll immediately feel at home in the open-concept great room, where the living, dining, and kitchen areas blend seamlessly to create a welcoming space for everyone to gather. Enjoy family meals in the dining area, take in the ocean breeze on the screened porch, or unwind on the expansive sun deck with a cool drink in hand. And don’t miss the upper-level deck, where panoramic ocean views and salty breezes make the perfect setting for sunrise coffees or evening sunsets. With a thoughtful bedroom layout, this home offers both comfort and flexibility. On one side, an ocean-view queen bedroom shares a bathroom with a cozy bunk room—ideal for the kids or extended family. On the opposite side, there’s a bedroom with two singles and an ocean-view king bedroom, both sharing another well-appointed bath, ensuring everyone has a comfortable space to relax and recharge. Outside, TIDE UP is perfectly equipped for beach days and fishing adventures. Rinse off in the outdoor shower, prep the day’s catch at the fish-cleaning station, and keep all your beach gear organized and ready for tomorrow. And if fishing is your passion, the iconic Rodanthe Pier is just a short stroll away, offering prime fishing or a peaceful walk above the surf as the sun dips below the horizon. So come, settle into the Rodanthe lifestyle at TIDE UP—a timeless coastal retreat that perfectly blends beachside simplicity with laid-back luxury. Whether you’re dreaming of a second home or a smart investment, this property is a place to make memories by the sea that will last a lifetime.
Property Information
Lot Size
11,500 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
24277 Ocean Drive
City
Rodanthe
State
NC
Zip Code
27968
County
DARE
Listing
Name
Phone
(252) 986-6321
Office Name
Office Phone
(252) 986-6321
Agent Name
Trisha Midgett
Agency Phone
(252) 986-6321

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Howard Hanna Outer Banks Realty
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HUD Foreclosures

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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Foreclosure Listings Increasing

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.