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Presented by
Kevin Sexton |
Income-Producing Barn-dominium Near the Beach – Live, Work & Earn ??
Just 1 mile from the beach and located in Flood Zone X, this unique 40x60 red iron barn-dominium sits on 1 acre and offers an exceptional blend of residential comfort, workshop space, and a rapidly growing income-producing business.
The property features a spacious 2-bedroom, 2-bath manager’s quarters totaling approximately 1, 100 square feet, perfect for full-time living or on-site management. In addition, there is a separate private cabin with its own bathroom and small kitchen area—ideal for guest stays or rental income.
Designed for versatility, the barn-dominium includes a large 2 car garage, which can accommodate RV's for parking, or maintenance making it ideal for automotive, marine, or workshop use. A carport and screened-in patio add even more functional outdoor space for relaxation or guests.
The established camping business includes 4 full hook-up RV sites and has shown impressive growth—doubling income every year, with approximately $38, 000 in revenue last year. There is opportunity to apply for permits to expand, offering substantial upside for future owners.
Additional features include:
• Home Generac that keeps the lights on in the barn dominium and cabin
• Stihl Weed Eater
• Wi-Fi Extender (Fiber Internet routed to the house)
• Square Software
• Solar Lighting
• Business name and Logo
• Fire pits
• 2 wells
• Dedicated bathroom with coin-operated washer & dryer
• 1-acre parcel with room to grow
• Excellent proximity to the beach while remaining out of flood zones
• Campground has a separate electric meter
• 2 Septic tanks (1 for the home and 1 for the campground)
Whether you’re looking for a coastal lifestyle, an investment opportunity, or a live-work property with expansion potential, this one checks all the boxes.
• 40x60 Red Iron Barn dominium on 1 Acre
• 2 Bed / 2 Bath Manager’s Quarters (1, 100 SF)
• Separate Cabin w/ Bath & Kitchenette
• 4 Full Hook-Up RV Sites
• Coin-Operated Laundry Facility
• 2 Wells
• Generac Home generator
• Screened-In Patio + Carport
• Flood Zone X
• Approx. 1 Mile from the Beach
• Income-Producing Business (~$38K last year, doubled annually)
• Expansion Potential (Permits Available)
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
REALTOR
William Raveis Real Estate
Phone: 781.640.1484
Kevin.Sexton@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $280,000 | $280,000 | $280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $218 | $218 | $218 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,724 | $1,793 | $2,344 |
| Total Monthly Payment | $2,017 | $2,086 | $2,637 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.