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Listing ID: 100346015
Sold For: $3,375,000
Price/SqFt: $487.46
Status: Closed
Sold Date: 12/20/2022
Address: 235 Frost Lane
City: Salter Path
State: North Carolina
Postal Code: 28512
Bedrooms: 7
Total Baths: 8
Full Baths: 7
Partial Baths: 1
SqFt: 4,936
Acres: 0.490
County: Carteret
Subdivision: Not In Subdivision
Salter Path
TWO fully furnished homes offering incredible waterviews and rental income (combined $323,000 +/- for 2022 anticipated) from this gorgeous house with a guest house, both overlooking the ocean and both with their own pool. NO CITY TAXES or beach renewal taxes! Beautiful property that sits atop a natural dune, these homes provide luxury, comfort and wonderful spaces to gather with family and friends -- it is no wonder that they are called the Dream Maker (main house) and Memory Maker (guest house). HUGE opportunity - your family can enjoy both homes, use one and rent one, or use both as income-producing investments. The homes are currently on the rental market and rent separately, creating two streams of income. The main house is 3 stories with an elevator featuring 7 bedrooms, 7.5 baths, spacious living areas, home theater, game room with kitchenette on the first floor and ample decking. The guest house offers 3 bedrooms, 3 full baths, spacious living areas, family room, patio and deck to extend the living space. This property is adjacent to the former Roosevelt Heirs land that was gifted to the State of North Carolina which is a part of the Salter Path history (see documents). Great rental history and potential, please see documents for rental history and the vacation rental addendum. Special note: exterior is IFC - insulated concrete forms that have 200+ mph wind load, impact windows and R-50 insulation factor in the walls for safety, security and energy efficiency. Begin your island adventure today at 235 Frost Lane in Salter Path!

Primary Features

County: Carteret
Half Baths: 1
Price/SqFt: 487.46
Property Sub Type: Single Family Residence
Property Type: Residential
Sold Date: 2022-12-20T00:00:00+00:00
Sold Price: $3,375,000
Subdivision: Not In Subdivision
Year Built: 2006
Zoning: No Zoning

Interior Features

Accessibility: Elevator
Appliances/Equipment: Central Vac, Compactor, Convection Oven, Dishwasher, Disposal, Downdraft, Dryer, Ice Maker, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer, Water Softener
Attic: None
Basement: None
Cooling System: Central
Dining Room Type: Combination
Fireplace: 1
Flooring: Carpet, Tile, Wood
Heated SqFt Range: 4500 - 4999
Heating System: Heat Pump
Interior Features: Blinds/Shades, Ceiling Fan(s), Elevator, Furnished, Gas Logs, Home Theater, Walk-in Shower, Walk-In Closet, Wet Bar
Laundry Location: Hookup - Dryer, Hookup - Washer
Master Bedroom Level: Primary Living Area
Number Rooms: 13
Guest House Description: 3 beds/3 baths/pool
Stories: 3
Stories/Levels: 3 Story or More

External Features

Construction: Concrete, Wood Frame
Construction Type: Stick Built
Exterior Features: Outdoor Shower
Exterior Finish: Stucco, Vinyl Siding
Exterior Structures: Shower
Fencing: Full
Foundation: Slab
Fuel Tank: Propane Buried
Fuel Tank Ownership: Owned
Lot Description: Dunes
Lot Dimensions: Plat map under documents
Lot SqFt: 21344
Lot Water Features: Ocean Side
Parking/Driveway: On Site, Paved
Pool/Spa: In Ground, See Remarks
Porch/Balcony/Deck: Covered, Deck, Open, Patio
Road Type/Frontage: Private
Roof: Composition, Shingle
Water/Sewer: Septic On Site, Well Water
Waterfront: no
Waterview: yes

Location Information

City Limits: no
Cobra Zone: no
Elementary School: Morehead City Primary
High School: West Carteret
Location Type: Island
Marketing City: Salter Path
Middle School: Morehead City
Secondary Subdivision: N/A
Electric Provider: Carteret-Craven EMC
Water Provider: Bogue Banks Water Corp


Green Building Features: Energy Star Appl, High Eff Toilets, LED Lighting, Sealed Attic
HOA: no
HOA Amenities: No Amenities
New Construction: no

Financial Details

Auction: no
Property Taxes: 5978
Prospect Exempt: no
Rental Income: Gross Income: 323000
Special Assessments: no
Stipulation of Sale: None
Tax Assessed Value: 1386715
Tax Year: 2022
Terms: Cash, Conventional

Zoning Info

Listing courtesy of Keller Williams Crystal Coast.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of Thursday, September 21st, 2023 at 05:56:57 AM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Neither listing broker(s) nor Coldwell Banker Sea Coast Advantage shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2023 North Carolina Regional MLS LLC.
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