Closing Price:
$3,800,000
705 S Virginia Dare Trail, Kill Devil Hills, NC 27948
10 bd
10 ba
6232 sq ft
MLS #: 123419
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,400,000.00
Closing Date: 11/9/2023
Contract Date: 10/10/2023
Seller Concessions: Yes
Concession Comments: $105,000 held in escrow for various repairs.
Total Days on Market:
Cumulative Days on Market: 26
Due Diligence Date: 10/30/2023

Listing Information

Area: Kill Devil Hills Oceanside
Mls Status: Closed
Days On Market: 26
Cumulative Days On Market: 26
Listing Price: $3,800,000
Original Listing Price: $3,800,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/9/2023
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: 6232
Asking Price Per SqFt: $610.00
Heated Living Area Sq Ft: 6232
BedroomsTotal: 10
Bathrooms Full: 10
Bathrooms Partial: 2
Year Built: 2005
Garage: None
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer, Wine Cooler
Roof: Asphalt, Metal
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Custom, Gunite, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Room Type: Game Room, Home Theater
Flooring: Carpet, Ceramic Tile, Hardwood
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: None
Deed Book: 1893
Deed Book Page Number: 0325
County Pin Number: 988308992518
Price Change: 11/8/2023
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.75
Lot Size Square Feet: 32852
Lot Features: Beach Frontage, Level, Waterfront
Waterfront: Ocean Front
View: Ocean, Park/Greenbelt
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $17,504.00
Home Oner Insurance Expense: 15153
Flood Zone: AE
Flood Insurance Expense: 3447
Water Source: Municipal
Yearly Water Expense: 2260
Pool Or Spa Expense: 5978
Yearly Elecric Expense: 5445
Yearly Cable Tv Expense: 4125
Contract Status Change Date: 11/9/2023
Estimated Annual Fee Amt: $0.00
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Lap Siding
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Elevator,Gazebo,Hot Tub,Landscaped,Lawn Sprinklers,Outside Shower,Smoke Detector(s),Sun Deck
Fuel Tanks: Leased
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: N/A

Rental Income

Annual Rental Income: 399000
Rental Performance: 0.1174
Owner Renatl Income 2023 Amount: 307910
Avertised Income 2023 Amount: 319910
Owner Renatl Income 2022 Amount: 253520
Avertised Income 2021 Amount: 266020

Listing Agent Remarks

It doesn’t get any better than this “LIVING THE DREAM” at this beautiful & luxurious well-appointed 10 bedroom (9 masters) oceanfront estate. ONLY the best amenities provided. Dune top gazebo with lighted beach boardwalk, (enjoy stunning sunrises and breath-taking ocean views), outdoor cabana, hot tub and heated pool. ELEVATOR, state of the art cinema movie theatre, top level open floor plan seamlessly blends the living room, dining and kitchen areas perfect for entertaining. Gourmet kitchen, recreation/game room offering what guests like best, pool table, foosball, big screen smart tv, equipped kitchenette/bar and more! The home has 14 Smart TV's as well as 1GB Spectrum Internet service, WiFi 6 mesh network. Exterior painting is ongoing maintenance as needed north and south sides painted 2022 E. and West 2020. That’s why it looks so great. CALL your investors, stellar rental income for past 12 years with a rate increase for 2024. Owner estimated income for 2024 $405,980! Owner’s top priority is excellence maintenance of this beautiful home, special attention to every detail! Over $178,000 invested in improvements since 2020: (3 new heat pumps, Pool resurfaced, new hot tub, New LTV flooring in 11 rooms, New smart TVs throughout, 2 Bosch dishwashers, hot water tank, new indoor and outdoor furniture with exquisite decor, new seating for theatre room..much more (see list provided in associated documents) Arabella has its own website which will be conveyed to new owner. *Saving benefits to owner. Energy Sentry system installed 2018 to qualify for Schedule 1-P Residential power rates; Dominion estimated 13.3% cost savings over first 4 years operations. Our guests’ comments put it best “The home was wonderful with everything we could possibly need …we had a perfect vacation”. “Beach was perfect, no crowds because there was no public beach access nearby Elevator was awesome”

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 705 S Virginia Dare Trail in Kill Devil Hills is provided courtesy of Beach Realty & Construction- Corolla joanne@beachrealtync.com. 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 705 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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