Closing Price:
$3,499,000
701 S Virginia Dare Trail, Kill Devil Hills, NC 27948
18 bd
18 ba
10134 sq ft
MLS #: 103451
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,250,000.00
Closing Date: 4/3/2019
Contract Date: 3/19/2019
Seller Concessions: Yes
Concession Comments: Closing Costs
Total Days on Market:
Cumulative Days on Market: 152

Listing Information

Area: Kill Devil Hills Oceanside
Mls Status: Closed
Days On Market: 152
Cumulative Days On Market: 152
Listing Price: $3,499,000
Original Listing Price: $4,299,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 4/5/2019
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 10134
Asking Price Per SqFt: $345.00
Heated Living Area Sq Ft: 10134
BedroomsTotal: 18
Bathrooms Full: 18
Bathrooms Partial: 2
Year Built: 2014
Architectural Style: Mediterranean
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Range/Oven, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Gunite, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite,Marble,Other,Wood
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar, Walk-In Closet(s)
Heating: Electric, Heat Pump
Room Type: Breakfast Nook, Foyer, Guest House, Game Room, Home Theater, Library, Media Room, Pantry, Utility Room
Flooring: Carpet, Ceramic Tile, Marble, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: None
Deed Book: 2044
Deed Book Page Number: 0297
County Pin Number: 988308992609
Price Change: 4/4/2019
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.53
Lot Size Square Feet: 23000
Lot Features: Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $22,171.00
Other Insurance: 13534
Water Source: Municipal
Yearly Water Expense: 9135
Pool Or Spa Expense: 5057
Yearly Expense: Actual
Yearly Elecric Expense: 11268
Yearly Telephone Expense: 814
Yearly Cable Tv Expense: 5073
Contract Status Change Date: 4/5/2019
Estimated Annual Fee Amt: $0.00
Sewer: Public Sewer
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Listing Restrictions: 1031 Tax Deferred Exch.
Exterior: Synth Stucco
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Common Laundry Area,Covered Decks,Elevator,Fenced Yard,Handicap Friendly,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Steam Room,Sun Deck,Whirlpool/Spa,Tiki Bar,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Owned
Primary Residence: No

Rental Income

Annual Rental Income: 496420
Rental Performance: 0.1527

Listing Agent Remarks

OCEANFRONT: Lane Five Star, Five Diamond, 18 Bedrooms (16 Master Suites), 18 Full Baths and 2 Half Baths, sleeps 44. This gracious four level Mediterranean design has unsurpassed panoramic views of the Atlantic Ocean. This palatial estate features an Extravagant Great Room, Regal Dining Rooms, State-of-the-Art Theater Room and Electronics throughout, Gentleman's Sports Bar, Recreation Room, Library, Sitting Room with Cappuccino/Coffee Bar, 50' Heated Infinity Pool with Beach Entry, 1080 sq.ft. Lane Signature Pool House with sauna and much, much more!!! Exquisitely appointed featuring Old World elegance and quality craftsmanship throughout, this estate home includes a marble foyer, custom iron balustrades, hand painted murals and endless ornate custom designed Italian marble. It is professionally decorated with the finest custom furnishings and it features state-of-the art electronics. Upon entering, you will find Italian Marble Flooring with custom mosaic inlays, Custom Designer Lighting, Exotic Bamboo Cane Treads and flooring, and Bronze and Gold Balusters. Hand-painted Columns with Corinthian Capitals and Arches at entryways guide you from room to room. You'll be stunned by the Gorgeous Custom touches and finishes; to include Hand-painted Murals, Custom Cabinetry, Solid Wood Stained panel Doors, Wall-mounted Touch Screen Electronic Controls, Tray, Barrel, Dome and Handcrafted Coffered Ceilings, Mahogany raised panel Wainscoting with three piece chair rail, Exotic Stone Countertops, Beautiful Expansive floor to ceiling Windows with exceptional detail, Priceless Hand-painted Mural throughout the Glass Elevator shaft, Three Fireplaces (one see-through) with Marble, Stone Finishes, Old World Finish, etc.. High end furnishings are found throughout the home; such as Ambella, Royal Patina; Stanley, Benetti's Italia, Highland House, Custom Luxury Handmade Silk bedding by renowned Ruby Collection, John Richard etc. Elegant Great Room features detailed arches and columns with Corinthian columns, custom lighting, original hand painted murals, fabulous oil paintings, gas fireplace, multiple sitting areas and gorgeous ocean views.Grande Regal Dining and the Fabulous Gourmet Kitchen include seating for forty-two. The Expansive gentleman's sports bar features coffered ceilings with a hand painted dome, mahogany paneled wainscoting, kitchenette with refrigerator, dishwasher, commercial icemaker, wine cooler, billiard table, game table, 3 Flat screen TVs, karaoke player and surround sound. Enclosed Sound Proof Grand Theater Room features 119" projection screen, with HD projector and Blu-ray DVD player, fiber optic twinkling star tray ceiling, reclining over-sized theater seating and Netflix. The Recreation Room is equipped with billiard table, foosball and 2 Flat screen TVs. Luxurious Exterior Living: A fabulous 30' x 36' Lane Signature pool house is equipped with a wet bar, icemaker, refrigerator, sauna, full bath, TV, iPod dock, custom stone gas fireplace, finished with limestone and travertine. The second level features two bedrooms, living room with sleeper sofa and full bath with pool side and oceanside decks. The third level is complimented with a travertine natural stone sundeck above. Escape to your own private walkway to the ocean. Enjoy the ambiance of the custom stone waterfall flowing into the sculpted underwater colored, LED lighted, 50x 24 pool with beach entry, swim-up bar, infinity edge, travertine fountain columns with urns and 2 built-in hot tubs with stone surround and poolside music and lush tropical landscaping filled with palm trees. Expansive Bar and game area under the house adds more outdoor living and entertainment. This property Generates income over $440,000 a year consistently. Property has large dune Previously known as “The Nub” where Professional Hangliders used this dune to teach classes and for recreational purposes. Current appraisal on file for 4.3M. Call agent about guaranteed rents.

Directions

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Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 701 S Virginia Dare Trail in Kill Devil Hills is provided courtesy of Howard Hanna Outer Banks Realty . Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 701 S Virginia Dare Trail in Kill Devil Hills is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.
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