Real Estate in Outer Banks
Hugh "Scooter" Willey

Rodanthe Real Estate Analysis

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About Rodanthe, North Carolina

Approximate Location Boundaries: This unincorporated community located on Hatteras Island, is part of North Carolina’s Outer Banks. Rodanthe, along with Waves and Salvo, are part of the settlement of Chicamacomico. While traveling to Hatteras Island from the north you will first cross over the Oregon Inlet bridge on Highway 12 and then enter the Pea Island US Fish and Wildlife Sanctuary. Peaceful Rodanthe is the first Hatteras Island village at the north end of Hatteras Island.

Zip Code: 27968

Location Characteristics: In Rodanthe, you can relive the romance of the major motion picture Nights in Rodanthe starring Richard Gere and Diane Lane, based on the bestselling novel by author Nicholas Sparks. Shot on location in Rodanthe, you can visit the actual places on the Outer Banks of North Carolina seen in the film.

Watersports are quite popular on the shores of this beach village because of the great winds the Southern Outer Banks gets. For those looking to get in on the action, you can rent almost any kind of watersport equipment and take lessons for windsurfing and/or kiteboarding.

The Chicamacomico Life Saving Station which is located in Rodanthe provides education entertainment with their museum. They also perform re-enactments of life saving venture.

Real Estate Market Snapshot: The Rodanthe real estate market has been a buyer’s market for the past several years. Along with the economic and housing crunch that all American’s are currently feeling, local businesses and citizens have been forced to take an active role in defending North Carolina’s previously free and open beaches. The beautiful beaches along Hatteras Island (which includes Rodanthe) have always been the basis of the local economy until recently when the National Park Service (NPS) decided to begin beach closures in an attempt to expand their bird populations.

Additionally,  there have been ongoing problems with keeping Hatteras Island connected with the rest of the world. Highway 12, just north of Rodanthe, seems to get washed out in just about any storm of significant size. There are a number of solutions on the drawing board . . . none of them quick, none of them easy, all of them very expensive.

Currently, prices remain very reasonable. Since the sold prices for the Outer Banks real estate market has bottomed for many vacation rental properties, the return-on-investment ratios are the BEST that it’s going to get.  Properties are selling and financing is available to qualified buyers. As demand continues to grow and should the inventory of real estate properties continue to shrink, real estate prices will rise. As prices begin to rise, the return-on-investment will be decrease.

If you have been thinking about purchasing an Outer Banks home on Hatteras Island, whether for retirement, for relocation, as income producing vacation investment property or as a vacation getaway, now is the opportune time for buying. Come in and talk with “Your Full-time, Overtime, Anytime Realtors”. We will provide you all the crucial information you need to make the best decision.  Please contact us to request our FREE monthly OBX real estate newsletter and our quarterly update with request our FREE monthly OBX real estate newsletter and our quarterly update with OBX Real Estate Market Statistics. We will keep you posted on the most current OBX real estate developments so you can have an edge on others when searching for Outer Banks real estate.

Imagine finding your perfect Rodanthe home… Start searching now!

Posted on February 21, 2013 at 3:19 pm by Hugh "Scooter" Willey