Closing Price:
$2,995,000
703 N Virginia Dare Trail, Kill Devil Hills, NC 27949
13 bd
12 ba
7410 sq ft
MLS #: 113663
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,900,000.00
Closing Date: 7/23/2021
Contract Date: 5/19/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 47
Due Diligence Date: 6/28/2021

Listing Information

Area: Kill Devil Hills Oceanside
Mls Status: Closed
Days On Market: 47
Cumulative Days On Market: 47
Listing Price: $2,995,000
Original Listing Price: $2,995,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 7/24/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 7410
Asking Price Per SqFt: $404.00
Heated Living Area Sq Ft: 7410
BedroomsTotal: 13
Bathrooms Full: 12
Bathrooms Partial: 3
Year Built: 2003
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Game Room, Home Theater
Flooring: Carpet, Ceramic Tile, Wood
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Kitty Hawk Shrs
Subdivision Name: Kitty Hawk Shores Rev.
Deed Book: 2175
Deed Book Page Number: 0112
County Pin Number: 988420727458
Price Change: 7/23/2021
Block: 8
Road Surface: Public

Lot Details

Lot Features: Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $16,096.00
Water Source: Municipal
Contract Status Change Date: 7/24/2021
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding,Shakes,Wood
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Elevator,Gazebo,Handicap Friendly,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry
HOA Contact Name: n/a
Primary Residence: No
HOA Contact Info: n/a

Rental Income

Annual Rental Income: 330170
Rental Performance: 0.1139
Owner Rental Income 2021 Amount: 314420
Avertised Income 2021 Amount: 330170

Listing Agent Remarks

2021 RENTS WOULD BE OVER $326,000 IF YOU ADD THE JULY 4TH OWNERS WEEK BACK IN AND IF THERE HAD BEEN NO CLOSURE OF THE BRIDGE IN APRIL OF 2020 THE INCOME WOULD HAVE BEEN $297,858. **THE HOUSE IS AVAILABLE TO BE SHOWN THE WEEK OF 5/1 - 5/8!!!** This is a Magnificent Oceanfront Estate with over 7,400 of heated living area featuring 13 bedrooms, 12 baths and 3 half baths. This home has been meticulously maintained by the owners with attention paid to every detail. It is a proven rental generator with over $296,000 booked in rents for 2021 with an owner week taken July 4th week. If you add that week back in for $21,000 it would kick the rents up to over $326,000 plus increases for 2022. The home has all the amenities you or your renters could want with Ocean and Monument views and it is centrally located close to everything you may desire to do on the Outer Banks. Amenities include: Huge living area with big screen TV, gas fireplace lots of seating and decks facing the ocean, fully equipped Gourmet kitchen with two of almost everything, a gigantic breakfast bar that seats 6 people, two dining areas with full wet bar, Elevator, two master suites w/ custom bathrooms, Mid-level includes a media/sitting room with surround sound and wet bar w/ half bath and your own private walkway to the beach, 6 bedrooms, one that is wheelchair accessible, Ground-level has a full size theater room, rec-room with pool table kitchenette and bar with 5 master suites, another one that is wheelchair accessible, Outside there is a 34x14 private heated swimming pool and kiddie pool, a cabana with bath facilities and showers and cabana bar with seating and TV with your own private boardwalk to the dune top gazebo with shaded lounges for rest and respite out of the sun w/ a stairway leading to your own beach and the Atlantic Ocean. Don’t miss this one!

Directions

(none)

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 703 N Virginia Dare Trail in Kill Devil Hills is provided courtesy of Carolina Designs Realty C: 252-202-1043. 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 703 N 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.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)