Closing Price:
$3,115,000
259 Ballast Point, Corolla, NC 27927
7 bd
8 ba
5705 sq ft
MLS #: 124256
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,015,000.00
Closing Date: 4/26/2024
Off Market Date: 2/14/2024
Contract Date: 3/23/2024
Seller Concessions: Yes
Concession Comments: Payment to Vendor for repairs
Total Days on Market:
Cumulative Days on Market: 53
Due Diligence Date: 4/22/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 53
Cumulative Days On Market: 53
Listing Price: $3,115,000
Original Listing Price: $3,295,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/26/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 5705
Total Living Area Sq Ft: 5705
Asking Price Per SqFt: $546.00
Heated Living Area Sq Ft: 5705
BedroomsTotal: 7
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 1999
Garage: 3 + Car,Attached
Garage Sq Ft: 688
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Disposal, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer, Wine Cooler
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Concrete, Association, Gunite, In Ground, Outdoor Pool, Private
Counter Tops: Granite,Laminate,Solid Surface
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Cedar Closet(s), Wet Bar, Walk-In Closet(s)
Heating: Central, Electric, Forced Air, Heat Pump, Zoned
Room Type: Game Room, Library, Loft, Office, Shipswatch
Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl, Vinyl Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Subdivision Name: Pine Island PUD
Deed Book: 1480
Deed Book Page Number: 58
County Pin Number: 127C00001900000
Price Change: 4/25/2024
Road Surface: Paved, Private
Association Amenities: Board Walk, Common Area, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park, Sound Access

Lot Details

Lot Size Acres: 0.64
Lot Size Square Feet: 27900
Lot Features: Beach Frontage, Cul-De-Sac, Irregular Terrain, Waterfront
Lot Faces: E
Water Frontage: 100
Waterfront: Ocean Front
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $14,701.00
Flood Zone: X
Flood Insurance Expense: 813
Water Source: Municipal
Yearly Water Expense: 838
Pool Or Spa Expense: 4080
Yearly Expense: Actual
Yearly Elecric Expense: 6214
Contract Status Change Date: 4/26/2024
Estimated Annual Fee Amt: $3,203.00
Sewer: Public Sewer
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Listing Restrictions: See Broker Notes
Exterior: Shakes,Wood
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Garage Door Opener,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Seaside Management
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 245000
Rental Performance: 0.0813
Owner Rental Income 2024 Amount: 188385
Avertised Income 2024 Amount: 202245
Owner Renatl Income 2023 Amount: 225555
Avertised Income 2023 Amount: 240870
Owner Renatl Income 2022 Amount: 190381
Avertised Income 2021 Amount: 204088
Owner Rental Income 2021 Amount: 175600
Avertised Income 2021 Amount: 190300

Listing Agent Remarks

WOW : $180,000 PRICE REDUCTION !! MOTIVATED SELLER. High-end, well-maintained Oceanfront Home. Oversized rooms and living area. Originally built for second home luxury. Elevated, preferred X Flood Zone location. 100 feet of private dune frontage with unobstructed panoramic ocean views. Private ocean beach access walkway. 7 bedrooms/8.5 baths. 9 Ft ceilings. 2 car garage for easy dry entry and storage. 2 en suite bedrooms ( with water closet) on the ground floor with easy access to recreation room and pool area. Separate full bath for pool entry/exit. Mid-level has 4 bedrooms (3 with water closet) and a sizeable den/entertainment location. Large laundry room with double washer & dryer, additional shelving/storage. Covered deck access for all. The top floor has a spacious living area with flow through dining room/adjoining deck with exquisite views of the Currituck Sound. An open gourmet kitchen with gas cook top and convenient double appliances. Easy access to sun decks that look out at breathtaking views of the Atlantic sunrise and Currituck sound sunset. A stone surround gas fireplace will keep you cozy in the cooler winter months. In addition, there is a peaceful ships watch nook for more privacy. A large en suite bedroom (separate water closet ) with its own private oceanside deck for personal solitude. Separate office/sitting area close by. Comfortable passage to all 3 levels with interior elevator for safety and comfort.

Directions

North on Highway 12. Turn right on Pine Point Rd, turn right again on Long Fellow Cove, then make first left on Ballast Point. House is at the end of Cul-de-Sac

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 259 Ballast Point in Corolla is provided courtesy of Brindley Beach Vacations & Sales-Corolla C: 252-453-3033. 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 259 Ballast Point 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.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)