Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for new construction, lot size, and bedroom count. Income approach supports $2,500/mo rental value (GRM of ~19x). Assessed value of $113,500 appears below market due to recent construction.
2023 Coastal Cottage with Studio, Workshop & Large Lot
This freshly built coastal cottage stands out for its combination of modern build quality and rare lot size in Avon Village. Sitting on 0.6 acres with level topography and a concrete driveway that fits four cars, the house was completed in 2023 and shows like new: metal roof, central air, electric heat and clean wood-frame construction throughout. From the street you’ll notice the thoughtful scale — a compact footprint that preserves a large yard and room for future expansion or landscaping projects.
Inside, the main level offers an open living area flanked by two bedrooms and a full bath, arranged for easy everyday living and vacation rental use. The lower level expands the home's utility with a 12' x 24' studio that includes a full kitchen and bath and its own entrance — an excellent setup for long-term guests, an income-producing unit, or private workspace. Adjacent to the studio is a separate 12' x 24' workshop that will appeal to homeowners who value storage, hobbies, or surfboard and boat gear organization.
Outdoor living is a highlight here: a screened porch and a private sun deck create multiple, usable spaces for morning coffee, evening grilling, or alfresco entertaining. Municipal water and Dominion Energy service simplify utilities; the home is on septic so buyers should review capacity and inspection records during due diligence. Zoning R-2A allows single-family use and accessory dwelling opportunities, giving future owners flexibility to adapt the property to rental strategies or expanded living areas.
Location is exceptionally convenient for beach-focused lifestyles. Avon Pier and public beach access are approximately 0.3 miles away, with Koru Beach Klub, Food Lion and Hatteras Island Plaza all within a short stroll or quick drive. The Cape Hatteras National Seashore is under a mile, delivering direct access to world-class shore fishing, dunes and protected coastline. Whether you’re seeking a full-time island home, a seasonal retreat, or a turn-key rental with guest-suite income potential, 40166 Westerly Lane pairs modern construction and real utility with a large lot in a steadily appreciating Avon market.
See the properties helping shape the valuation.
Comparable sales
- 984 SF larger
- 1 additional bedroom
- 2 additional bathrooms
- 13,939 SF smaller lot
- 28 years older
- 113 SF smaller
- 1 fewer bedroom
- 16,553 SF smaller lot
- 50 years older
- 198 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- 14,810 SF smaller lot
- 35 years older
A 2023 coastal cottage on 0.6 acres.
Building
Site & utilities
Avon Village
Researched nearby locations
Location
40166 Westerly Ln, Avon, NC 27915
Avon Village is a low-key coastal community on Hatteras Island prized for direct access to the Atlantic shoreline and the Cape Hatteras National Seashore. Residents enjoy a mix of year-round homes and vacation rentals, a handful of island eateries, convenient grocery shopping at Food Lion, and easy walks to the Avon Pier and local beach clubs. Schools and broader services are located in Buxton about six miles south; the area’s rhythm centers on outdoor recreation, fishing, surf culture and relaxed village living.
Excellent access to coastal recreation: Avon Pier and public beach access within 0.3 miles, Cape Hatteras National Seashore under a mile, nearby beach clubs, fishing and surf spots — ideal for outdoor and water-focused lifestyles.
A factual market snapshot around 40166 Westerly Ln.
Avon currently reads as a balanced market with modest seller advantage on newer construction. Inventory sits around three months — near equilibrium — and average days on market are approximately 45 days, indicating properties priced competitively are still moving steadily. Local median sale price is near $400,000, while recent comparable sales in the Westerly Lane area show closings between roughly $450K–$500K for newer or larger homes; price-per-square-foot for recent nearby sales ranged from about $173 to $223, with newly built homes commanding premiums. Single-family coastal cottages in Avon perform well for both owner-occupants and investors: steady vacation rental demand supports estimated monthly rents near $2,500 and a gross rental yield that makes short-term rental strategies viable. Given limited inventory and consistent buyer interest in move-in-ready construction, this is a favorable time for sellers of quality new homes and a compelling window for buyers seeking rental upside and long-term appreciation — provided standard due diligence around permits, septic capacity, and flood-related insurance requirements is completed.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 248 SF larger
- 248 SF larger
What the research supports — and what is still worth verifying.
Key findings
- Property purchased in December 2025 for $180,000; current estimated value $475,000
- Assessed value $113,500 (land $105,600, improvements $7,900); annual taxes $506
- Zoned R-2A allowing single-family residences and accessory dwelling units
- Comparable sales within 0.5 miles in last 6 months range $450K–$500K
- Average days on market in Avon: 45 days (balanced market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify construction permits and inspections
- Assess septic system capacity and condition
- Confirm flood zone designation and insurance requirements
- Professional home inspection
What stands out about this property.
Interior Features
- 3 bedrooms, 2 bathrooms
- 1152 SF gross living area
- Open living area on main level
- Lower-level 12' x 24' studio with full kitchen and bath
- Separate entrance to lower studio
- Central AC and electric heat
- Metal roof and wood-frame construction
Exterior & Lot
- 0.6-acre level lot (26,136 SF)
- 12' x 24' detached workshop
- Screened porch and private sun deck
- Concrete driveway with parking for four
- Frontage on Westerly Lane
- Septic system and municipal water
Location & Neighborhood
- Avon Village neighborhood
- 0.3 miles to Avon Pier and beach access
- 0.4 miles to Koru Beach Klub
- 0.5 miles to Food Lion and Hatteras Island Plaza
- Zoned R-2A (allows accessory dwelling unit)
- Quiet residential street with nearby vacant-land buffers
Walkability & Recreation
- Walkability Rating: 50/100 — Somewhat Walkable
- Nearby parks and public beach access (0.3–0.7 miles)
- Cape Hatteras National Seashore (0.7 miles)
- Fishing and surf access at Avon Pier (0.3 miles)
- Short drives to island shops, dining and marina
- Community recreation: beach clubs and seasonal activities
Sources & research confidence.
See where the property research came from and how confidence varies by field.