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The Castle 155 Silver Lake Dr 12 Room Bed and Breakfast Ocracoke, NC 27960 $2,754,620 CAD ($229,552 CAD/Room) 7.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Iconic coastal Bed & Breakfast with architectural charm and harbor views from multiple guest rooms.
- Historic home reimagined in the late 1990s with hardwood floors, cypress wall coverings, antique furnishings, and classic trim details.
- Includes spacious common areas such as a living room, pool room, formal dining room, and screened porch.
- Twelve private en-suite bedrooms, including a third-floor suite with rooftop sunset deck overlooking Silver Lake and the Lighthouse.
- Shared access to floating dock, pool, and sauna spa enhances guest experience and waterfront appeal.
- Long-standing operational staff and on-site innkeeper provide seamless transition for new ownership.
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
| Price | $2,754,620 CAD | Lot Size | 0.51 AC |
| Price Per Room | $229,552 CAD | Building Size | 7,652 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Cap Rate | 7.86% | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1954/2010 |
| Property Type | Hospitality | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Bed and Breakfast | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | None - No zoning. | ||
| Price | $2,754,620 CAD |
| Price Per Room | $229,552 CAD |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 7,652 SF |
| No. Rooms | 12 |
| No. Stories | 3 |
| Year Built/Renovated | 1954/2010 |
| Parking Ratio | 2.09/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | None - No zoning. |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
ABOUT 155 SILVER LAKE DR , OCRACOKE, NC 27960
Ocracoke's finest available to be yours! "The Castle" is a coastal cedar shake Bed & Breakfast with architectural flair. Numerous dormers adorn its harbor front facade, providing water views in many of the bedrooms. This historic home was reimagined and modernized in the late 1990s and transformed into a 12 bedroom, all with private en-suites, very successful B&B. The on-site innkeeper greats you upon entry in the foyer as you make your way into the spacious living room & pool room. First floor features 4 bedrooms for ease of access, large kitchen, formal dining room, and laundry room. Second floor promotes 7 bedrooms, screened in porch, and common area sitting room. On the third floor you can find a large suite with sitting area that ultimately brings you to the roof top sunset deck looking over Silver Lake and the Lighthouse. Hardwood floors, cypress wall coverings, classic trim details, antique furnishings, you can't find many historic properties this well adorned. Plenty of onsite parking and long standing operational personnel. The B&B shares in the use & enjoyment of the floating dock in Silver Lake, pool, and sauna spa. This long running, successful, 12 bedroom B&B is turn key and ready for you to make your Ocracoke dreams a reality.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $320.91 CAD | - |
| Guest Room | 11 | $224.50 CAD | - |
PROPERTY TAXES
| Parcel Number | 9500188733 | Improvements Assessment | $710,091 CAD |
| Land Assessment | $817,198 CAD | Total Assessment | $1,527,289 CAD |
PROPERTY TAXES
Presented by
The Castle | 155 Silver Lake Dr
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