New Construction in the Heart of the Tri-Villages! Estimated for completion in October 2026, this brand-new beach home at 25231 Lee O'Neal Lane in Waves offers the rare opportunity to own new construction on Hatteras Island. Whether you're looking for a second home, vacation rental, or full-time residence, this home combines quality construction, thoughtful design, and an unbeatable location in one of the Outer Banks' most desirable coastal communities. Situated on an oversized 15,995-square-foot lot, the home offers three ensuite bedrooms, each with 9-foot ceilings, and an open floor plan with vaulted ceilings that creates a bright, spacious living area. Luxury vinyl plank flooring runs throughout the home, while the kitchen features quartz countertops, stainless steel appliances, and plenty of cabinet space. Two covered porches provide the perfect place to enjoy the coastal breeze, and the parking area underneath offers room for vehicles, boats, golf carts, and all your beach gear. One of the biggest advantages of this property is the opportunity to expand. The builder has already installed a four-bedroom septic system, making it easy to add a future accessory dwelling unit (ADU). While the site plan illustrates both a pool and an ADU, neither is included in the asking price. The builder is happy to add one or both as upgrades, or the future owner can choose to build them later, creating additional living space and increasing the property's rental potential. The Tri-Villages of Rodanthe, Waves, and Salvo offer some of the best of Hatteras Island living. Spend your days on wide, uncrowded beaches, kiteboarding and windsurfing on the Pamlico Sound, surfing, fishing, paddleboarding, or exploring the Cape Hatteras National Seashore. REAL Watersports, local restaurants, coffee shops, shopping, and the Salvo Day Use Area are all just minutes away. Whether you're chasing adventure or simply looking to unwind, you'll quickly see why so many people choose to call the Tri-Villages home. If you've been waiting for the opportunity to own a brand-new home in Waves, this is one you won't want to miss. With new construction becoming increasingly difficult to find on Hatteras Island, this home offers the chance to own a quality-built coastal retreat with room to grow.