While it seems like common knowledge that a home on the beach has to be expensive, it doesn’t have to be that way. There are many gorgeous homes on the beach that are all less than a million dollars. You don’t need to be a millionaire to buy an Outer Banks vacation home.

The economy has affected everyone, and prices on vacation homes in Nags Head are at all-time lows. If you were waiting for the right time to make a property investment in Nags Head, this is it. Tourists are still coming, and the rental market is still busy.

Homes Under A Million Dollars in Nags Head

3004 Memorial Avenue

4BR, 4BA Fantastic ocean view! Furnished in Caribbean décor. Nicely manicured grounds. Heated pool with cover as well as a large hot tub. Gorgeous kitchen with custom cabinetry, granite counter tops, center island, 45 bottle wine rack. Awesome rec room with fooseball table, two pinball machines, bar table and chairs. $619,900

4811 Engagement Hill Loop

6BR, 6BA Amazing summer rental in the Village of Nags Head.  Less than 500 ft. from ocean and a community pool. Has hot tub, 7 TV’s, rec room with a pool table. All bedrooms are masters with private bath. Perfect maintenance record. $625,000

2302 Oneto Lane

5BR, 5BA Located in the middle of Nags Head. Exquisite upkeep and numerous amenities. Amazing craftsmanship. Very popular rental home. $875,000

4406 Virginia Dare Trail

5BR, 5BA Oceanside estate. Built with luxury as the main goal – even the elevator is cypress trimmed with custom tile floor. Winner of the 2006 Parade of Homes. Four beautiful master suites and a bunk room. 300 ft. deep lot. 4406 Virginia Dare Trail

No need to be fantastically wealthy to buy a summer vacation home, just a little pragmatism. Many, many homes in Nags Head are less than a million dollars, and if you call Dean Agency Real Estate Brokers, they’ll be happy to show you further options.  For more excellent deals, take a look at these investment properties in Corolla!