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5515 S Virginia Dare Trail Unit B-1, 
Nags Head, NC 27959

$395,000


2

Beds


2

Baths


912

Sq Ft


Condo

Active

Listed by

Brittany Johnston

Keller Williams - Outer Banks

252-715-1939

Last updated:

May 25, 2026, 02:52 PM

MLS#

132512

Source:

NC OBAR

About This Home

5515 S Virginia Dare Trail Unit B-1

Positioned for strong rental performance, this sand dune-protected, oceanfront condo in the highly sought-after Admiral’s View community in Nags Head offers an exceptional investment opportunity on the Outer Banks. This 2-bedroom, 2-bath unit combines prime oceanfront positioning with low-maintenance ownership—an ideal addition to any short-term rental portfolio. The property features direct beach access and an open-concept living area enhanced by new east-facing windows and outdoor decking, maximizing guest appeal with unobstructed sunrise views. Recent capital improvements—including a new heat pump (2021), durable LVT flooring, stainless steel appliances, granite countertops, and updated bathrooms—help minimize near-term maintenance costs while supporting premium rental rates. Overlooking the community’s oceanfront pool and expansive sun deck, the unit offers the amenities today’s vacation renters prioritize. Its walkable location near popular restaurants, shops, and key attractions like Jockey’s Ridge and Jennette’s Pier further strengthens occupancy potential and seasonal demand. With a projected gross rental income of $65,000, this property delivers a compelling blend of consistent cash flow, strong guest appeal, and long-term appreciation in one of the Outer Banks’ most desirable oceanfront communities. Overlooking the community’s oceanfront pool and expansive sun deck, this condo puts relaxation front and center. Step outside and you’re just a short stroll from top local restaurants, cafés, and boutique shops, with iconic Outer Banks attractions like Jockey’s Ridge and Jennette’s Pier only minutes away. Whether you’re searching for a second home, a high-performing investment property, or a personal beachside escape, this condo delivers. With an advertised projected gross rental income of $65,000, it offers a rare combination of prime oceanfront location, laid-back coastal lifestyle, and strong income potential—all on one of the most sought-after stretches of the Outer Banks.

Home Facts

Condo

2 Baths

2 Bedrooms

Built in 1980

Price Summary

395,000

$433 per Sq. Ft.

MLS #:

132512

Last Updated:

May 25, 2026, 02:52 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

912 Sq. Ft.


Structure

Structure

Building Area:

912 Sq. Ft.

Year Built:

1980


Finances & Disclosures

Finances

Price:

$395,000

Price per Sq. Ft:

$433 per Sq. Ft.

Source:NC OBAR
The information being provided by Outer Banks Association Of REALTORS® Inc Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Outer Banks Association Of REALTORS® Inc Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.