- 4 5
- 125,000
- Raleigh, NC
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- reachoo.com
Duplex/Fourplexâś” 4 Bedroomâś” 5 Bathroom
Reduced to $125,000. This is not a time-share. Fractional ownership began as a way to own jets and large vacation homes in different parts of the world without paying high year round expenses. Each 1/8 shareowner is scheduled for one week every 8 weeks on a rotating calendar. This means year-round enjoyment, literally at a fraction of the cost and upkeep of full ownership. Ideally vacation homes sleep a lot of people, and this one accommodates 12-14! Few want to pay the full load of insurance, taxes and upkeep for a vacation home they use only part-time. Flood insurance alone on an oceanfront home can run $30,000 per year. Built on one of the best oceanfront lots on pleasure island, situated where we've never experienced anything but minor boardwalk damage from tropical storms, this home boasts 4 bedrooms (2 master suites); living and dining rooms; media room; 4. 5 baths; 2 wet bars, one with wine cooler, the other a beverage refrigerator, 6 decks; private boardwalk to beach with hot/cold outdoor shower; fully equipped kitchen with granite, stainless appliances and 6-person island counter. Coffee and cappuccino maker. Fully furnished with dishes, cookware, linens and towels. An elevator makes it easy for everyone to access all three levels. There is security-lit covered parking for 2-3 cars and two outdoor owner closets for storing beach and outdoor beach gear. This home sold in 2007 in 8 fractional shares to 7 owners. It has been a dream vacation property for all, as owners are able to entertain large numbers of family and friends. The duplex overlooks the atlantic ocean with fishing, swimming, kayaking, surfing and a terrific downtown boardwalk. A slew of restaurants are within walking distance, even more a short drive, as is britt's donuts! The property is professionally managed and cleaned every week. Owners vote on all major decisions and though we've voted on special repairs or replacements, we haven't ever had to raise the monthly assessment. All very nice, conscientious folks who maintain the place with great care. The small one story house just next door built in 1935 was just listed at $515 per square foot.
Near places: Athens Drive High School, Wakemed, Meredith College
US, North Carolina, Wake County, RaleighRaleigh, NC at reachoo.com 125,000