Multi-Family Space For Sale @ 8911-b Old Oregon Inlet Road

SINGLE FAMILY HOME WITH CONDO OWNERSHIP BY DESIGN! IN SOUTH NAGS HEAD THERE ARE SEVERAL COTTAGE COURTS THAT WERE DEVELOPED IN THE LATE 70'S AND EARLY TO MID 80'S THAT WERE OWNED BY A SINGLE INDIVIDUAL OR ENTITY *** THE LAND SIZE WAS/IS TYPICALLY 100 FEET ON THE OCEAN BY 500-600 FEET DEEP * ON THESE LAND TRACTS WERE BUILT 4-6 HOMES. THEN WHEN THE OWNERS DECIDED TO SELL THEIR PROPERTY, IN ORDER TO MAXIMIZE THE VALUE OF THE PROPERTY THEY CONDOMINIUMIZED THE LAND AND HOMES SO THAT EACH COTTAGE COULD THEN BE SOLD INDIVIDUALLY. WITHIN THE VIKING COTTAGE COURT THERE ARE 6 COTTAGES *** THE LAND TRACT IS OCEANFRONT - SO THE 6 COTTAGE OWNERS COLLECTIVELY OWN THE OCEANFRONT LAND TRACT ON WHICH THE 6 COTTAGES ARE SITUATED! *** EACH COTTAGE HAS USE AND ENJOYMENT OF THE COMMON AREA, AND EACH COTTAGE HAS ITS OWN LIMITED COMMON AREA FOR ITS OWN USE - HOUSE, PARKING, SEPTIC, YARD, ETC. *** RENTAL AD BEGINS: Pier Joy, VICT-4 is a wonderful little cottage nestled in South Nags Head at Mile Post 18.5 and just 2 lots away from th