Outer Banks Real Estate-Follow Up To Previous Post On Duck & Corolla

To follow up on the previous post about the prices in Duck & Corolla I wanted to show 2 recent closed transactions.

Here is an example of the great deals buyers are getting now on the Outer Banks in Duck & Corolla!!

Located in Duck 1 Lot Oceanfront

MLS#55721

5 Bedroom 4 ½ Baths

2000sq ft Built 1995

Pool & Hot Tub

Fully Furnished

$42,000 Rental Income

Originally listed on 10/05 for $1,100,000

Sold 6/12/08 for $726,500- $373,500 off original list price!!!

Tax assessment on this house was $933,700!!!!!

Located in Corolla

6 Bedroom 5 ½ Bath

3326 Sq Ft

Built 2005

Almost $50,000 in gross yearly rental income

Fully Furnished

Originally Listed $925,000 in 8/05

Sold 6/10/08 $605,000-That's $320,000 off the original list price!!!

There are deals like these all over the Outer Banks in all price ranges!!!

Contact me for more information