101 Settlers Lane Duck, NC 27949

Exceptional investment opportunity (Asking just 71% of current tax assessed value!) in the heart of Duck offering rare scale, resort-style amenities, and deeded beach access directly across the street via Georgetown Sands Road. The Drake at Founders Ridge presents a unique chance to own one of Duck’s largest and most versatile vacation rental properties, designed to maximize guest experience, repeat bookings, and strong income potential. The current owners reserve the property themselves for several weeks each year, leaving room for a new owner to increase rental income by opening up additional prime rental weeks.

Spanning an impressive 11,000 square feet of interior living space plus approximately 9,000 square feet of decking, this 8-bedroom estate comfortably accommodates large groups while offering the privacy and amenities today’s luxury rental guests seek. Featuring 6 en-suite bedrooms, multiple gathering spaces, ocean views, expansive outdoor living, and elevator access, the home is purpose-built for memorable multi-generational vacations, retreats, and special gatherings. *Virtually staged photos are included to showcase a fresh, updated look with the addition of luxury vinyl tile (LVT) flooring in place of carpet and an elevated modern coastal design aesthetic. Even a golf simulator, arcade room with foosball, and indoor ping pong table has been virtually staged to illustrate a creative way to better utilize spaces and enhance rental appeal and income potential.*

Outside, guests enjoy a private, gated saltwater pool and hot tub surrounded by tropical landscaping, creating a true private-resort atmosphere. A covered poolside cabana with wet bar, ice maker, grilling area, outdoor shower, and lounge seating elevates the experience and encourages all-day outdoor entertaining.

Inside, the amenities continue with a dedicated theater room with seating for 15, game room with wet bar, fitness room, multiple dens, oversized gathering spaces, and a flexible event room ideal for hosting celebrations, retreats, or memorable guest experiences. The expansive chef’s kitchen is designed to accommodate large groups with double ovens, dual dishwashers, wine refrigerator, breakfast seating, and multiple dining areas.

The upper sky deck captures sunrise ocean views and sunset sound views, offering a standout feature guests will remember long after their stay.

Located within the town of Duck, guests enjoy easy access to the area’s celebrated dining, shopping, waterfront boardwalk, and attractions, while enjoying the privacy and exclusivity of a one-of-a-kind estate setting.

Rarely does a property of this size, location, and rental flexibility become available in Duck—offering a compelling opportunity for investors seeking a high-capacity luxury vacation home with one-of-a-kind guest appeal.

Offered at an exceptional value, this property is priced nearly 30% below tax-assessed value—presenting a rare opportunity to secure a high-capacity Duck investment property at a price that leaves room for future upside!