Listing ID121555
Price$2,900,000
StatusActive
CountyHyde
SubdivisionNone
Year Built1954
Property TypeCommercial
Property Sub TypeBed and Breakfast
Listing Agent
Martha Garrish
Email: Contact Martha
Address:
1075 Irvin Garrish Hwy
City:
OCRACOKE
State/Province:
NC
Zipcode:
27960
Office Phone: 252-928-7411
Office Fax:
252-928-2052
Cell Phone: 252-921-0125
Here's your opportunity to own a successful turn key B&B on Ocracoke Island! The Castle B&B on Silver Lake is one of Ocracoke's most treasured landmarks. The Castle is a visually striking structures on the harbor, with its steep-pitched roof, many dormers, roof-top widow's walk and cedar shake exterior. This unique structure with Outer Banks style has a past as colorful as its architecture. Built in 1954 for wealthy industrialist Sam Jones, The Castle is on the National Register of Historic Places. In the late 1990's, The Castle was modernized providing private bathrooms for each of the 12 bedrooms. All of the original wood walls, ceilings and trim-work (beautiful dental molding in most rooms) are intact. Central heat and a/c on first floor and mini splits for the remaining floors. The Castle offers a refined and upscale accommodation option while still maintaining the casual feeling of a historic Ocracoke cottage. The common areas include a gracious kitchen, elegant dining room, several sitting areas, parlor with a pool table and gas fireplace. The Castle shares the a pool, pool house and its amenities, bikes, parking, grilling area and floating dock. Each of the 12 rooms have beautiful antiques and several have views of Silver Lake. The Castle B&B has wonderful exterior spaces including 2 screened porches, 3rd floor back open deck with a distant horizon ocean view and a front open deck with 180 degree views of Silver Lake, the Sound and the Ocracoke Lighthouse. Most rooms have original oak flooring and cypress ceilings. First floor consists of the office, parlor, snack hall, dining room, kitchen, laundry room and 4 bedrooms. Second floor has sitting area, furnished screened porch, small library, new deck, common wet bar and 7 bedrooms. Top floor has 1 large bedroom with living area, additional entry sitting area, wet bar, large shower with view of lighthouse and access to a shared widow's walk deck with unbelievable views. The Castle is a successful B&B; however, it could also be a 12 bedroom residence.
County
Hyde
Property Sub Type
Bed and Breakfast
Property Type
Commercial
Subdivision
None
Year Built
1954
Zoning
mixed
Air Conditioning
Central, Heat Pump, Zoned
Floor Coverings
Carpet, Tile, Vinyl, Wood
Heating
Central, Heat Pump, Zoned
Water
Municipal Water
Lot Description
Adj. To Common Area, Common Area, Easement(s), Level, Water Frontage
Parking/Garage
Detached, 1-25 Spaces, Parking Lot, Off Street
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer/Septic
Private Septic
Waterfront Location
Harborfront
Area
Ocracoke
Full Subdivision Name
The Castle Bed and Breakfast Inn
View Description
Harbor, Salt Marsh, Sound
Business/Real Estate
Bus/ Bldg/ LF Simple
Current Use
Bed and Breakfast
Homes & Land of the Outer
yes
Ownership
Owned More than 12 Months
Status Category
Active
Actual Income
414430
Bank Owned
no
Estimated Income
355000
Financing Options
Cash, Commercial
Gross Income Range
$200,001 - $400,000
Potential Short Sale
no
Sale/Rent
For Sale
Tax Year
2022
Taxes
11085
© 2023 Outer Banks Association of Realtors®. All right reserved. The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Neither the Outer Banks Association of REALTORS® nor Village Realty Holdings, LLC DBA Ocracoke Island Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
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