1108 Cambridge Road Unit 307-i

Turn-key Outer Banks investment opportunity with an impressive 12% return, a rare find at this price point in Kill Devil Hills. Whether you’re building your short-term rental portfolio or looking for a high-performing beach getaway that pays for itself, this property delivers. Welcome to Calypso Cay, this island-inspired condo has a proven rental history and is perfectly set up for Airbnb vacation rentals and winter rental. The ground level features a dry entry and a spacious two-car garage, ideal for owner storage, bikes, beach gear, or even a game room to boost rental appeal. The second level offers two private primary suites, each with its own bath and deck, an ideal layout for maximizing rental occupancy and guest comfort. The top floor showcases an open-concept living space with high ceilings, a bright kitchen, and multiple outdoor decks, perfect for creating that “wow” factor renters are looking for. Located in the sought-after Bermuda Bay community, guests will love the resort-style amenities at the Elbow Beach Club, featuring a pool, cabanas, water features, and slide-key amenities that drive bookings and repeat guests. Community sound access adds even more lifestyle value with kayaking and sunset views.Just 1.2 miles to Ocean Bay Blvd beach access (with parking, bath house, and accessibility features), this location checks every box for vacationers. Plus, you’re minutes to shopping, restaurants, and iconic OBX attractions like the Wright Brothers Monument. New roof in 2025, HVAC and new rear deck in 2026. Affordable, income-producing, and ideally located; this is the kind of Outer Banks investment buyers wait for.

Listed by: Cindy Edwards from Century 21 Nachman Realty . © 2026 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 CENTURY 21 Nachman 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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