Netflix announced on Monday that "Outer Banks" will return for a fifth and final season. Here's what to know about Season 5 and the end of Season 4.

Hit Netflix show "Outer Banks," which shot parts of its fourth season in the Wilmington area, announced that its fifth season, which is currently being written, will be its last. The announcement came via a story on Tudum, a Netflix companion site.

Outer Banks season 4 part 2 premieres in two days on November 7, finishing up the second half of the season that Netflix chopped up for the first time in the show’s history. Now we have an update about season 5 of the show, and it’s good news and bad news, depending on how you look at it.