Homes/North Carolina/Avon/40166 Westerly Ln
CompCasa Property Analysis · single_family

40166 Westerly Ln

2023 Coastal Cottage with Studio, Workshop & Large Lot

Steps from Avon Pier — versatile 3BR/2BA retreat on 0.6 acres

3 beds2 baths1,152 sq ftBuilt 20230.6 acresnone
CompCasa valuation analysis
Estimated market value
$475,000
Low $450,000 · Midpoint $475,000 · High $500,000
Confidence85%Sales comparison approach
Last recorded sale$180,000Dec 22, 2025
Assessed value$113,5002025 assessment
CompCasa estimate$475,000Mar 8, 2026
Estimate vs. last recorded sale+$295,000 / +163.9%
$450,000$475,000 midpoint$500,000
Price / sq ft$412
Median sale price$400,000
Avg days on market45 days
Inventory3 months

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.

About the property

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$476,400
Property address40170 Westerly Ln, Avon, NC 27915
4 bed4 bath2,136 sq ftBuilt 19950.1 mi12,197 sq ft lot$223/SF
Sold Nov 15, 2025
Subject difference
  • 984 SF larger
  • 1 additional bedroom
  • 2 additional bathrooms
  • 13,939 SF smaller lot
  • 28 years older
Research comparison noteLarger home with additional bedrooms and bathrooms; older construction
02Sold price$180,000
Property address40176 Westerly Ln, Avon, NC 27915
2 bed2 bath1,039 sq ftBuilt 19730.05 mi9,583 sq ft lot$173/SF
Sold Dec 22, 2025
Subject difference
  • 113 SF smaller
  • 1 fewer bedroom
  • 16,553 SF smaller lot
  • 50 years older
Research comparison noteSmaller, older home; sold below market due to condition
03Sold price$192,000
Property address40171 Westerly Ln, Avon, NC 27915
2 bed1 bath954 sq ftBuilt 19880.1 mi11,326 sq ft lot$201/SF
Sold Oct 2, 2025
Subject difference
  • 198 SF smaller
  • 1 fewer bedroom
  • 1 fewer bathroom
  • 14,810 SF smaller lot
  • 35 years older
Research comparison noteSmaller home with fewer bathrooms; older construction
Comp methodology: Focused on single-family homes within 0.5 miles in Avon sold in last 6 months for maximum relevance
Property details

A 2023 coastal cottage on 0.6 acres.

Building

Year built2023
ConstructionWood Frame
RoofMetal
Heatingelectric
Coolingcentral AC

Site & utilities

Lot size0.6 acres
Garagenone
Stories2
ConditionExcellent
BasementNone
FireplaceNo
Improvement notesMain level: 2 bedrooms, 1 bath, open-concept living area; Lower level: 12' x 24' studio with full kitchen and bath; 12' x 24' workshop; screened porch; private sun deck
Lot area26,136 sq ft
TopographyLevel
FrontageFrontage on Westerly Lane
ParkingDriveway
Parking spaces4
Parking notesConcrete driveway with ample parking space
AccessStandard residential driveway from Westerly Lane
WaterMunicipal
SewerSeptic
ElectricDominion Energy
GasNone
Location & nearby

Avon Village

Researched nearby locations

Avon Pier (0.3 mi)
Food Lion (0.5 mi)
Cape Hatteras National Seashore (0.7 mi)
Koru Beach Klub (0.4 mi)
Hatteras Island Plaza (0.6 mi)

Location

40166 Westerly Ln, Avon, NC 27915

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryCape Hatteras Elementary School (5/10)
Middle schoolCape Hatteras Secondary School (4/10)
High schoolCape Hatteras Secondary School (4/10)
School districtDare County Schools
Market context

A factual market snapshot around 40166 Westerly Ln.

Median sale price$400,000
Avg days on market45 days
Inventory3 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Single-Family Residential

Zoning

Zoning codeR-2A
DescriptionSingle-Family Residential
JurisdictionDare County
Assessor useSingle-Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 20'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$105,600
Assessed improvements$7,900
Total assessed$113,500
Assessment year2025
Annual property tax$506
Tax year2025

Sale history

2025-12-22$180,000 · $156/SF
2017-04-04$7,500 · $6/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,200/mo
Property address40165 Westerly Ln, Avon, NC 27915
3 bed2 bath1,400 sq ft$1.57/SF
Leased Aug 1, 2025
Subject difference
  • 248 SF larger
Research comparison noteSimilar size and bedroom count; older construction
02Monthly rent$2,400/mo
Property address40173 Westerly Ln, Avon, NC 27915
3 bed2 bath1,400 sq ft$1.71/SF
Leased Jul 15, 2025
Subject difference
  • 248 SF larger
Research comparison noteSimilar size and bedroom count; older construction
Research findings & due diligence

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
Highlights & features

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Xome listing for 40166 Westerly LnView source
2
Zillow listing for 40170 Westerly LnView source
3
Zillow listing for 40176 Westerly LnView source
4
Zillow listing for 40171 Westerly LnView source
5
Zillow listing for 40165 Westerly LnView source
6
Zillow listing for 40173 Westerly LnView source
7
Dare County Tax DepartmentView source
8
Dare County Zoning InformationView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.