This turnkey OBX investment opportunity is move-in ready and located in the highly coveted X Flood Zone between the highways in Nags Head Shores! This immaculate, fully furnished 4BR/3BA coastal retreat offers unbeatable walkability to pristine Atlantic beaches, dining, and shopping, making it a high-yielding short-term rental or the perfect second home. Built for modern coastal living, the bright open-concept upper level features cathedral ceilings, an airy sun porch, and a screened-in back deck overlooking a private, shaded backyard. Designed to maximize ROI potential, the ground floor boasts a massive garage perfect for a game room or owner’s lockout, complete with a plumbing rough-in ready to be converted into premier flex space for instant equity. Paved off-street parking, an outdoor shower, and breezy mid-level covered decks complete this resilient, low-maintenance property. Peg Leg Pete's is fabulously located just .2 miles from the Bonnet Street Beach Access on the Atlantic Ocean, where you will find beach volleyball court, bathrooms, plenty of parking and a boardwalk to beach. Also nearby is Nags Head Elementary School, Outer Banks YMCA, Nags Head Woods, Jockey's Ridge, Nags Head Fishing Pier, Pirate's Quay and Dowdy Park. This ideal location is within walking distance to so many fun and free events throughout the year including yoga, music, community market basketball, pickleball, Fishing, Swimming, Surfing, beach volleyball, basketball, playground and acres of hiking in woods and sand! Do not miss out on this potential for revenue-generating beach home—schedule your tour today! Quick Facts: Top Level HVAC August 2025, Roof 2017, Fridge with Ice Maker 2024, Microhood 2022.