A rare opportunity to own a single-family home that can function as one expansive residence or two truly separate living spaces. The current owners rented the upstairs and downstairs separately on long-term leases. Recent updates provide peace of mind, including a fortified roof, updated flooring on both levels, and upstairs window replacements in 2023. Generous decking on both levels offers multiple spaces to enjoy the Outer Banks sunshine. An expansive backyard extends well beyond the fenced area and includes an 8x12 storage shed for beach gear and lawn equipment. Located in an X flood zone, no flood insurance is required.Well maintained and thoughtfully updated, this versatile home is perfectly suited for multigenerational living or offers an exceptional opportunity for additional rental income. The lower level features a rare second kitchen (permitted), a spacious living area, bedroom, full bath, and washer/dryer. A fire-rated door separates this space from a large laundry and storage room that leads upstairs, providing flexibility, privacy, and abundant storage.Upstairs, the bright and open living, kitchen, and dining area is filled with natural light and opens to a covered deck, ideal for relaxing or entertaining. This level also includes three bedrooms, one of which is an ensuite, creating a comfortable and functional main living space.The location is hard to beat. Enjoy an incredibly walkable lifestyle with easy access to popular Outer Banks restaurants and bars, First Flight Elementary, Middle, and High Schools, Dare County Recreation Park with pickleball and tennis courts, Aviation Park, the Kill Devil Hills Library, and the Thomas A. Baum Senior Center. Take a stroll to the Wright Brothers National Memorial for stunning sunrise or sunset views, and reach the nearest public beach access with free parking in under a mile.A truly rare offering that combines flexibility, convenience, and coastal living at its best.Listing agent is related to the sellers.