Listing provided courtesy of Coldwell Banker Seaside Realty KHMLS# 132939MLS ProviderContact Information: 252-599-6814
  • 38 days on site
  • 11 views

Exceptional investment opportunity (Asking just 71% of current tax assessed value!) in the heart of Duck offering rare scale, resort-style amenities, and deeded beach access directly across the street via Georgetown Sands Road. The Drake at Founders Ridge presents a unique chance to own one of Duck???s largest and most versatile vacation rental properties, designed to maximize guest experience, repeat bookings, and strong income potential. The current owners reserve the property themselves for several weeks each year, leaving room for a new owner to increase rental income by opening up additional prime rental weeks. Spanning an impressive 11,000 square feet of interior living space plus approximately 9,000 square feet of decking, this 8-bedroom estate comfortably accommodates large groups while offering the privacy and amenities today???s luxury rental guests seek. Featuring 6 en-suite bedrooms, multiple gathering spaces, ocean views, expansive outdoor living, and elevator access, the home is purpose-built for memorable multi-generational vacations, retreats, and special gatherings. *Virtually staged photos are included to showcase a fresh, updated look with the addition of luxury vinyl tile (LVT) flooring in place of carpet and an elevated modern coastal design aesthetic. Even a golf simulator, arcade room with foosball, and indoor ping pong table has been virtually staged to illustrate a creative way to better utilize spaces and enhance rental appeal and income potential.* Outside, guests enjoy a private, gated saltwater pool and hot tub surrounded by tropical landscaping, creating a true private-resort atmosphere. A covered poolside cabana with wet bar, ice maker, grilling area, outdoor shower, and lounge seating elevates the experience and encourages all-day outdoor entertaining. Inside, the amenities continue with a dedicated theater room with seating for 15, game room with wet bar, fitness room, multiple dens, oversized gathering spaces, and a flexible event room ideal for hosting celebrations, retreats, or memorable guest experiences. The expansive chef???s kitchen is designed to accommodate large groups with double ovens, dual dishwashers, wine refrigerator, breakfast seating, and multiple dining areas. The upper sky deck captures sunrise ocean views and sunset sound views, offering a standout feature guests will remember long after their stay. Located within the town of Duck, guests enjoy easy access to the area???s celebrated dining, shopping, waterfront boardwalk, and attractions, while enjoying the privacy and exclusivity of a one-of-a-kind estate setting. Rarely does a property of this size, location, and rental flexibility become available in Duck???offering a compelling opportunity for investors seeking a high-capacity luxury vacation home with one-of-a-kind guest appeal. Offered at an exceptional value, this property is priced nearly 30% below tax-assessed value???presenting a rare opportunity to secure a high-capacity Duck investment property at a price that leaves room for future upside!

Source: Outer Banks MLS, MLS#: 132939

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  • Property Type
    Residential
  • Lot
    0.87 acres

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Tami Imrich

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  • Median Age
    55
  • Population Density
    202
  • College Educated
    59%
  • Estimated Median Income
    $87,571
  • Estimated Total Home Owners
    2,835
  • Estimated Total Renters
    427
  • Owner / Renter Divide
    87% / 13%
  • Estimated Average Household Size
    2
  • Total Population
    7,596
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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Life at 101 Settlers Lane #Lot 6


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/22/2026Source: Outer Banks MLS Added to Database
May 22, 2026

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