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180 Irvin Garrish Highway unit: 404 404, Ocracoke, NC 27960

For Sale
Sale Pending

$339,000

1 beds • 1 baths • 275 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Condominium
    Property type

  • $1,232.73
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

The Anchorage is an iconic harbor-front inn in the heart of the village on Ocracoke Island! Guests & families have enjoyed staying at The Anchorage for decades, eating at SmacNally's, using the Marina, & renting golf carts from our on-site cart rental business (all a short walk away), relaxing in the swimming pool & on the tanning deck, using the deep-water docks w/ large boat slips in the Silver Lake Harbor, & much more! Under new ownership, The Anchorage has been renovated & condominiumized, giving you the opportunity to own an income-producing inn room with a deep-water boat slip, all at a price consistent with that of a small slice of raw land here on the Island! Unit 404 is on the 4th level, offering stellar views of Silver Lake Harbor & the Sound beyond! The Anchorage units come freshly-painted & newly-outfitted with new furniture, new beds, new appliances & new decor - all paid-for by the Developer! Crown Management is the new on-site property manager; they handle all marketing, reservations, guest services, & accounting for the vacation rentals. They also market & manage reservations for the boat slips - along with the Marina. Crown also manages the Anchorage POA. Each unit is expected to net between $22k - $25k after deducting the POA dues - which covers building maintenance (interior & exterior), landscaping, ALL utilities (power, water, cable, internet), & the insurance for each property owner, master insurance policy for the OA & common areas, AND the flood insurance policies for the property & each unit! (before Crown Management's STR fees). The Anchorage sits on one of the higher properties on Ocracoke Island. Until Hurricane Dorian, the property had never flooded & hasn't since. Minimal water came in during Dorian (less than 1''), and was in & out in minutes. You can use or rent the deep-water boat slip - a short walk away. Many 2025 Spring, Summer & Fall dates are fully-booked! Buy now & inherit these lucrative reservations!
MLS# 100493608

Courtesy Of The Rich Company of Ocracoke

(252) 333-2596

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Patio, Security System, Disabled Access, Security System, Elevator, Water Front
  • Exterior Type
    Block
  • Floor Covering
    Tile
  • Heating System
    Forced Air
  • View Type
    Marina, Water

Map and Directions

Directions to 180 Irvin Garrish Highway unit: 404 404, Ocracoke, NC 27960

Home seller CENTURY 21 Sail/Loft Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Sail/Loft Realty

(252) 249-1787
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.