$625,000
3 Bed · 2 Bath · 870 Sq Ft
Renovated 3BR/2BA cottage with screened porch and proven rental income
3
Beds
2
Baths
870
Sq Ft
1977
Built
0.17 acres
Lot
2-car carport
Garage
This coastal cottage occupies a rare corner parcel directly adjacent to parkland with the Wright Brothers National Memorial just steps away — a location that blends history, beach access and easy rental appeal. The single-story, 870 SF footprint is compact and intentionally efficient: three bedrooms, two full baths, a roomy screened porch and an open living area that was updated for modern comfort while keeping the home’s seaside character intact.
Recent mechanical upgrades reduce immediate maintenance concerns. A new HVAC system and water heater were installed in 2024 and electrical improvements were completed the same year, so buyers benefit from move-in readiness and reduced short-term capital expense. Ceramic tile floors run through the main living areas for durability and easy turnover for vacation guests; central AC and a heat pump ensure year-round comfort.
Outdoor living extends from the screened porch to a level 0.17-acre lot with 75 feet of frontage on Lowell Ave. The property offers a 2-car carport plus driveway parking, and the corner setting creates open sight lines across the adjacent green space — a quiet buffer that enhances privacy and the feeling of space uncommon in close-in beach neighborhoods. Prospect Ave beach access is two blocks away, making mornings at the ocean and quick towel-and-sand cleanups an effortless routine.
For investors, the numbers tell a compelling story: this home generated over $50,000 in gross rental revenue in 2025 with upside to approach $60,000 by extending seasonality or adding winter leases. Comparable short-term rental performance and lease comps in the area suggest sustained demand for turnkey beach cottages in Kill Devil Hills. For owner-occupants, the property offers a manageable, walkable coastal lifestyle with groceries, casual dining and attractions within short drives or comfortable walks.
Buyers should note a few due diligence items: the home was built in 1977 and uses a septic system, so a professional inspection and septic assessment are recommended. Zoning (RL) allows single-family use and accessory dwelling units, offering future flexibility for expansion or redevelopment to capture larger value. With steady appreciation across Kill Devil Hills and median prices remaining strong, this cottage represents both a ready-to-enjoy coastal home and a proven income-producing asset.
Kitty Hawk Shores is a low‑key coastal neighborhood prized for proximity to beaches, the Wright Brothers National Memorial and a stretch of local shops and restaurants. Residents enjoy short walks or bike rides to Prospect Ave beach access and easy drives to grocery stores and casual dining. The area blends historic sites, family-friendly parks and outdoor recreation—perfect for buyers seeking a relaxed beach lifestyle or investors targeting steady seasonal demand.
Kill Devil Hills currently reads as a balanced but active market. Inventory sits around 2.5 months and homes typically sell in about 35 days, showing steady buyer interest without extreme pressure. Median sale prices in the area are near $550,000, with coastal cottages and smaller single-family homes often trading in the $580K–$680K range over the past six months; comps within a mile support an estimated value window of $600K–$650K for properties like this one. Demand remains supported by a 25% increase in median values since 2020 and strong vacation rental performance during peak months. For investors, rental comps and lease data indicate healthy seasonal rates (recent short-term rents equate to roughly $4,800–$5,000/month in peak season), making this a compelling time to acquire a turnkey beach cottage while inventory is low and appreciation is steady. Buyers should act with standard coastal due diligence—inspect roof, septic, and permits—but can expect a market receptive to well-located single-family homes that offer both lifestyle and income potential.
First Flight High School
High
First Flight Middle School
Middle
Nags Head Elementary School
Elementary
Exceptional beach and park access — Prospect Ave beach access is 0.2 miles away, the Wright Brothers National Memorial is 0.1 miles away, and several outdoor attractions (adventure park, breweries, walking routes) sit within a short drive or bike ride.
Well-maintained coastal cottage in prime Kill Devil Hills location with strong rental history and potential for increased income. Recent upgrades and proximity to beach and historical landmarks enhance appeal. Balanced market conditions suggest stable appreciation.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$600K
Midpoint
$625K
High
$650K
$718/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 1 mile sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Income approach supports $50,000 annual rental income. Assessed value of $510,300 appears below market.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Kill Devil Hills median home values increased 25% from 2020-2025. Strong demand for vacation rentals. Walkability Rating estimate: 60/100.
Proximity to Wright Brothers Memorial and beach access offers recreational opportunities. Nearby shopping and dining options enhance convenience.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$351/SF
Arm's length transaction
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