125 W. Sea Hawk Drive Duck, NC - New Listing!

Fall in Love with this Cozy Beach House in the Heart of Duck!

New Listing!! 

124 Marlin Drive, 

Duck, NC

MLS #: 86752        $325,000

You will love this cute and cozy beach house right in the heart of Duck. This home sits right in the middle of Marlin Drive. Easy access to the beach or the foot/bike path into Town for shopping and restaurants. Enjoy three bedrooms and 2 full baths on the top floor. Along with an open concept kitchen, living and dining area. Relax on the screened porch for shade or sun on the huge, open back deck. The ground floor offers an outside shower, storage and another large bedroom and bathroom. The septic was updated in 2005 to accommodate the additional bedroom. This home has been well cared for and it shows.
 Never rented, just used by family and friends.

This is the perfect house to call your own 

for an incredible price in Duck!

Contact me for more details!

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Winter Blues? Think of the Summer Possibilities in Duck!

101 Snow Geese Dr S 

Duck, NC

MLS# 85192          $329,000

This home is the perfect getaway just North of “downtown” Duck. Enjoy a short bike ride or stroll into town for shopping or restaurants. Lovingly updated just a few years ago you’ll find laminate wood floors, newer carpet and furnishings throughout the home. Ground floor game room with separate entrance is a great place to hang out after a day at the beach. Enjoy the hot tub or rooftop deck at sunrise! The open concept kitchen/dining/living room is perfect for entertaining with floor to ceiling windows facing the Sound for plenty of natural light.

Keep it as a second home or generate some 

rental income on this true cutie.

New Listing!! 124 Marlin Drive, Duck, NC 27949

New Listing!! 

124 Marlin Drive, 

Duck, NC

MLS #: 86752        $325,000

You will love this cute and cozy beach house right in the heart of Duck. This home sits right in the middle of Marlin Drive. Easy access to the beach or the foot/bike path into Town for shopping and restaurants. Enjoy three bedrooms and 2 full baths on the top floor. Along with an open concept kitchen, living and dining area. Relax on the screened porch for shade or sun on the huge, open back deck. The ground floor offers an outside shower, storage and another large bedroom and bathroom. The septic was updated in 2005 to accommodate the additional bedroom. This home has been well cared for and it shows. Never rented, just used by family and friends.

This is the perfect house to call your own 

for an incredible price in Duck!

Enjoy Nightly Sunsets from Your Rooftop Deck in Duck!

101 Snow Geese Dr S 

Duck, NC

MLS# 85192          $329,000

This home is the perfect getaway just North of “downtown” Duck. Enjoy a short bike ride or stroll into town for shopping or restaurants. Lovingly updated just a few years ago you’ll find laminate wood floors, newer carpet and furnishings throughout the home. Ground floor game room with separate entrance is a great place to hang out after a day at the beach. Enjoy the hot tub or rooftop deck at sunrise! The open concept kitchen/dining/living room is perfect for entertaining with floor to ceiling windows facing the Sound for plenty of natural light.

Keep it as a second home or generate some 

rental income on this true cutie.

Too Cold? Warm up in this Rooftop Hot Tub in Duck!

101 Snow Geese Dr S 

Duck, NC

MLS# 85192          $329,000

This home is the perfect getaway just North of “downtown” Duck. Enjoy a short bike ride or stroll into town for shopping or restaurants. Lovingly updated just a few years ago you’ll find laminate wood floors, newer carpet and furnishings throughout the home. Ground floor game room with separate entrance is a great place to hang out after a day at the beach. Enjoy the hot tub or rooftop deck at sunrise! The open concept kitchen/dining/living room is perfect for entertaining with floor to ceiling windows facing the Sound for plenty of natural light.

Keep it as a second home or generate some
rental income on this true cutie.

Ilona Matteson's 2015 Outer Banks Real Estate Market

Happy New Year!

I’m Ilona Matteson with Beach Realty on the Outer Banks. I’m very excited about 2015.  This will be my 19^th year in the real estate business and boy have things changed since I started back in 1996.

A few predictions for the Outer Banks market this year are:

1. All financial experts are saying that we will see interest rates go up this year. They’ve said it before and even though rates are still in the 4% range, that is up from the best rates we had at 2 and 3%.
2. Condition will continue to be the number one factor for buyers. I’ve seen buyers time and again bypass location to get a home in better condition at a lower price.
3. Prices will continue to stay where they are because of extraordinarily high inventory rates. Right now we have a 20 month supply of homes for sale on the Outer Banks.  The basic principle of supply and demand dictates that prices cannot rise in conditions like this and, they could still see some slight decreases.
4. Most homes will take on average over 200 days on the market to sell. That’s mainly because they will go through 2 to 3 price adjustments before selling.  If you’re going to put your home on the market in 2015, you have to be competitively priced if you want to sell quickly.
5. I predict that we will see more properties sell this year. I think buyers will act before interest rates go up again.

If you have any plans to buy or sell on the Outer Banks this year, or know anyone who is, please let me know how I can help you. My goal is to assist 40 buyers and sellers this year, and I hope you’ll be one of them!

Thanks for watching and have a blessed day!

Open Floor Plan AND a Great Duck Location!!

101 Snow Geese Dr S 

Duck, NC

MLS# 85192          $329,000

This home is the perfect getaway just North of “downtown” Duck. Enjoy a short bike ride or stroll into town for shopping or restaurants. Lovingly updated just a few years ago you’ll find laminate wood floors, newer carpet and furnishings throughout the home. Ground floor game room with separate entrance is a great place to hang out after a day at the beach. Enjoy the hot tub or rooftop deck at sunrise! The open concept kitchen/dining/living room is perfect for entertaining with floor to ceiling windows facing the Sound for plenty of natural light.

Keep it as a second home or generate some rental income on this true cutie.

8 Bedroom Home in One of the Most Desirable Duck Neighborhoods!

This home is in top condition and will make an excellent second home in a most desirable neighborhood!

 $724,900!! MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

Great Location at the Corner of South Snow Geese Dr and Duck Road!

101 Snow Geese Dr S 

Duck, NC

MLS# 85192          $329,000

This home is the perfect getaway just North of “downtown” Duck. Enjoy a short bike ride or stroll into town for shopping or restaurants. Lovingly updated just a few years ago you’ll find laminate wood floors, newer carpet and furnishings throughout the home. Ground floor game room with separate entrance is a great place to hang out after a day at the beach. Enjoy the hot tub or rooftop deck at sunrise! The open concept kitchen/dining/living room is perfect for entertaining with floor to ceiling windows facing the Sound for plenty of natural light.

Keep it as a second home or generate some rental income on this true cutie.

New Price!! Top Condition Home in a Most Desirable Neighborhood!

This home is in top condition and will make an excellent second home in a most desirable neighborhood!

NOW $724,900!! MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

These Decks offer Wonderful Sunrises and Ocean Views in Duck!

This home is in top condition and will make an excellent second home in a most desirable neighborhood!

$747,500     MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

Watch Summer Sunsets from Your Deck in Duck!

This home is in top condition and will make an excellent second home in a most desirable neighborhood!

$747,500     MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

Spend Your Summers in Duck's Most Desirable Neighborhood!

This home is in top condition and will make an excellent second home in a most desirable neighborhood!

$747,500     MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

New Listing! 197 Schooner Ridge Drive , Duck, NC 27949

This home is in top condition and will make an excellent second home in a most desirable neighborhood!

$747,500     MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

Classic Beach Home Right in the Heart of Duck!!

165 Teresa Court Duck, NC 27949

MLS# 82580           $449,000

Right in the heart of Duck you’ll find this classic beach home. 5 minute or less walk to the ocean to the East and 10 minute walk to shopping right in the middle of town to the West. Enjoy all that Duck has to offer. This home has a covered entry on the ground level opening to a laundry room to drop all the beach gear. The mid level offers 3 good sized bedrooms and a full bathroom. The top level offers another large bedroom with deck access and a living room, dining area and kitchen. With the covered decks, screened porch and sun decks there’s plenty of outdoor space to enjoy hearing the waves crash from this home. The corner location makes the walk a straight shot down to the beach access.

Tenants love this Outer Banks home and come back year after year.

There’s a basketball goal and a shuffleboard court. Come make this beach home yours!

New Listing Right in the Heart of Duck!

165 Teresa Court Duck, NC 27949

MLS# 82580           $449,000

Right in the heart of Duck you’ll find this classic beach home. 5 minute or less walk to the ocean to the East and 10 minute walk to shopping right in the middle of town to the West. Enjoy all that Duck has to offer. This home has a covered entry on the ground level opening to a laundry room to drop all the beach gear. The mid level offers 3 good sized bedrooms and a full bathroom. The top level offers another large bedroom with deck access and a living room, dining area and kitchen. With the covered decks, screened porch and sun decks there’s plenty of outdoor space to enjoy hearing the waves crash from this home. The corner location makes the walk a straight shot down to the beach access.

Tenants love this Outer Banks home and come back year after year.

There’s a basketball goal and a shuffleboard court. Come make this beach home yours!

Best Buys for the week of March 10th

Best Buys on the Outer Banks for March 3rd, 2014

The 2013 Outer Banks Real Estate market review

The most important trends we saw in the last 12 months are as follows:

• Residential units sold were down 2% (34 units)
• Average sales price was down by 5% ($17,743)
• Average sales price was $348,598
• Distress sales units sold down 21%
• The majority of this decline happened in the last 6 months of 2013
• Land sales were up by 14%
• Average price for land down 23%
• Active inventory remained high and appears to be climbing again

The conclusions we can draw from this data are that the market looks like it wants to stabilize. With sales staying active and pricing not seeing a sharp decline that points firmly in that direction. However, cause for concern is still the increasing inventory and the fact that December foreclosure numbers went back up again.

It remains a great time to buy a home on the Outer Banks as interest rates are still under 5% and are expected to stay that way well into 2014. There’s plenty to choose from if you are looking to make an investment this year.

For those thinking of selling, it’s not ideal as far as pricing is concerned. However, weigh the difference between the current market value and the cost to keep the home waiting for prices to rise and you could see it makes more sense to sell now. There will be a turn around for pricing, just not in the short term.

For 2014 here’s what we are predicting:

• Residential units sold should remain about the same
• Average sales price could see another dip with inventory levels being so high still. It should stay in the 5% range.
• Average sales price should remain about the same
• Distress sales should stay down but more data is needed to be certain
• Land sales will continue to go up as the prices drop. The cost of building new is starting to be less than buying existing.
• Inventory will spike at the usual times around March/April and again in Septebmer/October.

The Outer Banks is a year round market. If you have thought about selling, there is no real financial advantage to waiting to put your home on the market. The best strategy is beating the supply and demand issue. Listing now, before Spring, will get you in front of buyers looking this year with less competition for them to choose from and potentially netting you more.

Please let me know how I can help you further. For a search of the best homes available click here. To get a free market analysis on your home click here.