1 Red Bay Court, Bald Head Island, Nc 28461 main
1 Red Bay Court, Bald Head Island, Nc 28461 two
1 Red Bay Court, Bald Head Island, Nc 28461 three
1 Red Bay Court, Bald Head Island, Nc 28461 four
1 Red Bay Court, Bald Head Island, Nc 28461 five
1 Red Bay Court, Bald Head Island, Nc 28461 six
1 Red Bay Court, Bald Head Island, Nc 28461

10 owners
7
plum score

adjust possible shares to see calculations for more or less people

$2,750,000

home price

$275,000

cost per share

$2,434 / mo

monthly cost

Active

status

CASH AT CLOSING PER SHARE
Down Payment
$55,000
Closing Cost
$16,500
Reserve Fund Deposit
$8,250
Total Cash at Closing
$79,750
Co-own this home
Details
5 bedrooms | 6 bath | 3,193 sqft

1 Red Bay Ct. is a luxurious maritime retreat centrally located on Bald Head Island, just minutes from the marina, beaches, golf and shopping/dining.

It consists of a total 3,193 sq ft of living space (2,878 house/315 crofter) with 5 well-appointed bedrooms, including 3 primary suites, 5 1/2 bathrooms and nearly 2,000 sq ft of outdoor living space. This exceptional home has been meticulously designed utilizing the best materials for uncompromising quality and has been carefully curated to include many custom finishes and designer fixtures.

When you walk through the grand entry into the foyer on the 1st floor, you are greeted by gleaming hardwood floors, 10 ft ceilings and an open floor plan that flows through the living and dining areas to a wall of French doors that open to outdoor living. The kitchen, fit for a chef, includes an island, pot filler, wet bar with wine cooler and pass-through window opening to outdoor seating. There is also an office/game room, ½ bath, closet and utility room.

The 1st floor king suite has its own private entrance, custom walk-in closet and ensuite that includes a custom shower with built in marble seat and a soaking tub for a spa like experience.
The 2nd floor king suite also has a walk-in closet and enjoys 2 private ensuites - that have their own bathrooms. 2 additional bedrooms with a shared bath are down the hall. All bathrooms are finished with marble/natural stone and have custom showers with built-in marble seats. The 2nd floor also includes a laundry room, linen closet, access to the attic for extra storage¸ and a wide hallway leading to French doors opening to the 2nd floor covered porch.

The detached crofter has parking for 2 golf carts along with additional storage on the 1st floor and a guest suite with yet another custom marble bathroom on the 2nd floor.

The exterior boasts generous outdoor living spaces encompassing a multi-tiered composite deck, 2 covered porches,

I'm interested
House Usage
  • 10 shares total
  • 5 weeks a year per share

Calculated Costs per Share

1 Red Bay Court, Bald Head Island, NC 28461
CASH AT CLOSING PER SHARE
Down Payment
$55,000
Closing Cost
$16,500
Reserve Fund Deposit
$8,250
Total Cash at Closing
$79,750
ESTIMATED MONTHLY EXPENSES PER SHARE
Mortgage Payment
$1,614
Insurance/Taxes
$298
Repairs
$229
Maintenance
$229
Utilities
$41
Cleaning
$23
Total Expenses
$2,434
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
ESTIMATED MONTHLY INCOME PER SHARE
Monthly Income
$2,750
Total Monthly Income
$2,750

A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.

We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.

List Company
Intracoastal Realty Corporation
Last updated at
September 11th, 2023
List Agent

Jill Shellman

716-830-9072

jshellman@intracoastalrealty.com

Listings Access

Jessica M Keenan

Nest Reality

jessica.keenan@nestreality.com

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