Closing Price:
$3,125,000
1071 Lighthouse Drive, Corolla, NC 27927
9 bd
8 ba
6430 sq ft
MLS #: 114028
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,070,000.00
Closing Date: 3/16/2022
Off Market Date: 10/26/2021
Contract Date: 1/11/2022
Seller Concessions: Yes
Concession Comments: $3800 toward repairs
Total Days on Market:
Cumulative Days on Market: 213
Due Diligence Date: 3/4/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 213
Cumulative Days On Market: 213
Listing Price: $3,125,000
Original Listing Price: $3,450,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/19/2022
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: 6430
Asking Price Per SqFt: $486.00
Heated Living Area Sq Ft: 6430
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 2
Year Built: 2006
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Washer, Wine Cooler, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Heated, In Ground, Outdoor Pool, Private
Builder Name: David Price North Beach Bldrs
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Walk-In Closet(s)
Heating: Central, Heat Pump, Zoned
Room Type: Foyer, Game Room, Sun/Florida Room, Shipswatch
Flooring: Carpet, Tile
Construction Materials: Frame

Legal Description

Section: 4
County: Currituck
Subdivision: Whalehead Club
Deed Book: 1477
Deed Book Page Number: 698
County Pin Number: 115A00000030004
Price Change: 3/18/2022
Road Surface: Paved, Public
Association Amenities: Ocean Access

Lot Details

Lot Size Acres: 0.9
Lot Size Square Feet: 39147
Lot Features: Beach Frontage, Waterfront
Water Frontage: 100
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $11,341.00
Home Oner Insurance Expense: 7998
Flood Zone: VE,X
Water Source: Municipal
Yearly Water Expense: 240
Pool Or Spa Expense: 5000
Yearly Expense: Actual
Yearly Elecric Expense: 7677
Yearly Telephone Expense: 1200
Yearly Cable Tv Expense: 1440
Contract Status Change Date: 3/19/2022
Estimated Annual Fee Amt: $45.00
Sewer: Private Sewer
Septic Fee: 1400
Maintenance Expense: 5000
Association Fee Yes or No: Voluntary - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Gazebo,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Inside Laundry Room
Fuel Tanks: Owned
HOA Contact Name: WPOA.org
Primary Residence: No
Street Frontage : 100
HOA Contact Info: WPOA.org

Rental Income

Annual Rental Income: 290700
Rental Performance: 0.0947
Avertised Income 2021 Amount: 61342
Avertised Income 2021 Amount: 277952

Listing Agent Remarks

Great New Price, Great Location, and Investment Return! Incredible oceanfront setting and SOLID NUMBERS! Enjoy the casual coastal feel of this lovely nine bedroom home set on a beautiful, oversized oceanfront homesite with a large protective dune at the northern end of popular Whalehead Beach! Easy walk to Corolla Lighthouse and the historic Whalehead Club and all the fun activities, shops and restaurants. Stellar rental income makes this a great investment and an enjoyable retreat! Over $277,000 in 2021 and projected to hit almost $300K in 2022. Thoughtfully designed and custom built, this spacious family home will comfortably accommodate large or small gatherings and offers many desirable amenities for your relaxed enjoyment. Large picture windows on the top floor living area showcase the beautiful Atlantic Ocean and fill the home with natural light. Watch the surf roll in and the dolphins play. Vaulted ceilings, custom woodwork and a gas fireplace enhance the generous open living room. An elevated ships watch is a great place to capture the gorgeous Corolla sunsets and challenge your mate to a lively game of chess. Lovely granite counters highlight the gourmet chefs kitchen that has lots of work space, a six burner gas range, dual ovens and dishwashers. The center island houses a wine cooler and ice maker and provides additional seating. You may find the adjacent sunroom, with high, tongue and groove wood ceilings and lots of windows to be a favorite cozy spot to enjoy a book or morning coffee. Wake to ocean views in the top level master suite that has a gas fireplace and luxurious bath with a large walk in tiled shower. On the mid level you will find the welcoming main entry hall opens into a generously sized den, providing a comfortable space to enjoy your family's company. Large sliders open to the mid level oceanfront covered deck where you can hide away in quiet. One of the four spacious master suites on this floor is a family suite with a king master and a private nursery. This additional room could also work as an attached office suite or an exercise room. Another master suite is handicap friendly with wide doorways and a roll in shower. Play pool or foosballl with friends in the large ground level recreation room. There is a comfortable seating area and kitchenette, which is convenient to the outdoor pool area. Four large bedrooms and a nice ground level entry complete this level, and an elevator makes for easy access to all three levels. Throughout the home you will notice the custom woodwork, 6 panel solid wood doors, and easy care tiled flooring. Outdoors you’ll enjoy the beautiful landscaping, a lush front lawn perfect for lawn games, and Oceanside sun decks that run the length of the home and provide plenty of room to enjoy the sun and ocean breeze. The 14x30 heated pool and hot tub kick off the back yard and a lighted private walkway takes you to the dune top gazebo, where you can enjoy a beach front seat in the shade!

Directions

At northern end of Whalehead Club. Oceanfront.

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 1071 Lighthouse Drive in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-207-6504. 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 1071 Lighthouse Drive in Corolla 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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