There is a wide range of location types and an even wider range of prices in 2021.
Fractional ownership is the least expensive way to homeownership. It has a deed that entitles you to a certain number of weeks of use, say 12 weeks, to spread throughout the year. There are common costs shared by each of the fractional owners, minimizing the expenses of keeping the house clean and maintained, with taxes and insurance paid. It is quite different from a time share, which does not involve a title or deed to real estate. Prices for fractional ownership of an Outer Banks home start at roughly $40,000.
On the other end of the spectrum, oceanfront homes are almost always the highest price, but they carry the highest income value for an investor and undoubtedly the greatest luxury for a second-home owner. The top of the market price for an oceanfront Outer Banks vacation house currently ranges from $5 to $7 million. The largest, 46-bedroom home in Corolla for sale has an average rental income of $850,000!
