Outer Banks Real Estate Activity December 2008

Waterfront and semi-waterfront properties are at an amazingly low price.  Yesterday a 5 bedroom semi-oceanfront house with direct beach access and no roads to cross came on the market for $485,000.  This beach house generates $29,000 a year and doesn't even have a pool.  The lot is large so you can add one to create more income and get a larger return on your investment.  The best deals in this market are investment properties on or semi-on the water and affordable 3 bedroom year round residential homes.  Go to www.AllAboutOBX.com to see these deals or contact Wende at wende@allaboutobx.com or 252-207-1147.