Nags Head is a quiet town on the Outer Banks with a rich history. People flock to Nags Head in droves every year to soak up the surf and sound, and buying a home in Nags Head is a smart investment choice. And while most people think buying a vacation rental is only for the rich, the truth may surprise you.

The recent economic crisis has left numerous homes in foreclosure, and these bank owned homes in Nags Head are being sold for far less than their value. Now is the perfect time for a savvy investor to pick up oceanfront property for cheap!

Nags Head Foreclosures

2908 Meekins Avenue

3BR, 2BT Great fixer-upper, home needs minor work and is a great investment at its price point. One story with enclosed under. $114,000

9023 Gerhard Street

4BR, 2BA Ocean Side house. Ideal for weekly vacation rental. Nearby beach access and beautiful views. Three bedrooms located upstairs and in-law suite below. Garage area would be ideal for a game room. Located in South Nags Head. $278,000

3331 Memorial Avenue

5BR, 6BA Cathedral ceilings open this home up and leave it feeling spacious inside. Game room complete with wet bar. Also has an elevator that stops on all three floors. Very short walk to the beach. $599,900

8013 Old Oregon Inlet Road

7BR, 5BA Awesome home with fantastic views! Very minor repairs needed, but the pro’s more than compensate for it. Over 3,700 sq. ft. $699,900

Nags Head has many more homes that have been foreclosed on as well. If you’re trying to find a good deal on bank owned homes in Nags Head, call Dean and Associates for more information on finding your paradise home for less!  If you don’t see what you are looking for, try these bank owned homes in Corolla!