Closing Price:
$3,799,000
601 Tide Arch, Corolla, NC 27927
9 bd
9 ba
4990 sq ft
MLS #: 123971
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,600,000.00
Closing Date: 6/10/2024
Contract Date: 4/27/2024
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 162

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 162
Cumulative Days On Market: 162
Listing Price: $3,799,000
Original Listing Price: $3,999,000
Possession: Subject To Tenant Rights
Short Sale: No
Price Date: 6/10/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4990
Total Living Area Sq Ft: 4990
Asking Price Per SqFt: $761.00
Heated Living Area Sq Ft: 4990
BedroomsTotal: 9
Bathrooms Full: 9
Bathrooms Partial: 2
Year Built: 2022
Garage: None
Architectural Style: Reverse Floor Plan, Craftsman, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Washer, Wall Oven
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Association, In Ground, Outdoor Pool, Private
Builder Name: SAGA
Counter Tops: Quartz
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Wet Bar, Walk-In Closet(s)
Heating: Central, Electric, Heat Pump, Zoned
Room Type: Foyer, Game Room, Home Theater
Flooring: Carpet, Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: O
Phase: 4-C
County: Currituck
Subdivision: Ocean Lakes
Subdivision Name: Ocean Sands
Deed Book: 1610
Deed Book Page Number: 448
County Pin Number: 126A0000116000O
Price Change: 6/9/2024
Block: n/a
Road Surface: Paved
Association Amenities: Common Area, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

Lot Features: Beach Frontage, Corner Lot, Level, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $11,584.00
Water Source: Municipal
Contract Status Change Date: 6/10/2024
Estimated Annual Fee Amt: $1,860.00
Sewer: Public Sewer
Association Fee Includes: Management, Pool, Road Maintenance, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Composite Siding
Extras: Cabana,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Tiki Bar,Roof Top Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Lauren Regan
Primary Residence: No
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 403430
Rental Performance: 0.1121
Owner Rental Income 2024 Amount: 177639
Avertised Income 2024 Amount: 190065
Owner Renatl Income 2023 Amount: 363196
Avertised Income 2023 Amount: 389070
Owner Renatl Income 2022 Amount: 177171
Avertised Income 2021 Amount: 191204

Listing Agent Remarks

This is the one you’ve been waiting for! Beautiful new construction, turn-key, fantastic rentals, views for days, and so much more with this drop-dead gorgeous Corolla oceanfront! Enter a realm of coastal splendor, in which no expense has been spared. This masterpiece, built in 2022, is a testament to luxury living. The owners diligently crafted a haven of sophistication, which is evident in the top-notch features and appliances. The kitchen is a culinary delight, equipped with a countertop range, two wall ovens, two larger refrigerators, and two dishwashers. Imagine preparing gourmet meals with the backdrop of sweeping ocean views. The top floor features a spacious seating area, creating a central hub for gatherings and culinary delights with plenty of seating and an electric fireplace for those fall evenings. Beyond the kitchen, every inch of this home exudes quality and craftsmanship. From the nine ensuite bedrooms to the top-floor living spaces with expansive windows, offering the most breathtaking views of the ocean, the residence showcases thoughtful design. Each spacious bedroom is beautifully decorated with top quality furniture/décor, and upscale, private bathrooms. Practicality meets elegance with an elevator that seamlessly connects all three floors, ensuring convenience for residents and guests alike. The equally luxurious ground floor unveils an outdoor private pool area with a cabana, hot tub, several seating and lounging areas, and outdoor showers, offering a retreat within a retreat. Entertain with flair in the game room featuring a full kitchen, complete with microwave, ice maker, dishwasher, and refrigerator, so you don’t have far to go for refreshments for the pool or beach. The game room features a shuffle board table, arcade video game, and a pool table, or you can unwind in the dedicated home theater room. Extra features like smart siding, Trex decking, and vinyl handrails allow for low maintenance upkeep. With a remarkable first-year rental history, this property is not just a home; it's a sound investment. Whether you envision it as a rental income powerhouse, a second-home retreat, or a primary residence, this oceanfront gem invites you to savor a coastal luxury lifestyle. Be sure to check out the tour in link, or cut/paste into your browser: https://my.matterport.com/show/?m=ou2uGu3MeTN&mls=1

Directions

Heading north from Duck on Hwy 12, Turn right (east) on Seabird Way at Section O. Continue onto Sanderling Trail (left), which will turn into Ocean Lake Trail. Turn right onto Tide Arch and house will be on the right on 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 601 Tide Arch in Corolla is provided courtesy of Landmark Sotheby's International 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 601 Tide Arch 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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