Closing Price:
$3,750,000
1001 Lighthouse Drive, Corolla, NC 27927
11 bd
11 ba
5500 sq ft
MLS #: 125135
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,500,000.00
Closing Date: 5/31/2024
Contract Date: 5/12/2024
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 543
Due Diligence Date: 5/21/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 543
Cumulative Days On Market: 543
Listing Price: $3,750,000
Original Listing Price: $4,000,000
Possession: Subject To Tenant Rights
Short Sale: No
Price Date: 5/31/2024
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: 5500
Total Living Area Sq Ft: 5500
Asking Price Per SqFt: $682.00
Heated Living Area Sq Ft: 5500
BedroomsTotal: 11
Bathrooms Full: 11
Bathrooms Partial: 3
Year Built: 2018
Architectural Style: Craftsman, Coastal
Sub Type: Single Family Residence
Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
Roof: Asphalt
Parking: Paved, Off Street
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Outdoor Pool, In Ground, Heated, Heated Salt, Private
Builder Name: Miller Homes& Building LLC
Counter Tops: Granite
Cooling: Central Air
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Foyer, Game Room, Pantry, Utility Room, Home Theater
Flooring: Carpet
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Whalehead Club
Deed Book: 1406
Deed Book Page Number: 646
County Pin Number: 115A00000120006
Price Change: 5/30/2024
Road Surface: Paved, Public

Lot Details

Land Tax Value: 1163200
Total Assessed Value: 1931485
Lot Size Acres: 1
Lot Size Dimensions: 137x350x134x350
Lot Size Square Feet: 43560
Lot Features: Adj. To Common Area, Beach Frontage, Waterfront
Water Frontage: 134
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $14,647.00
Flood Zone: AE,VE,X
Flood Insurance Expense: 1671
Wind Insurance: 10566
Water Source: Municipal
Yearly Water Expense: 2531
Pool Or Spa Expense: 3900
Yearly Expense: Actual
Yearly Elecric Expense: 5035
Yearly Cable Tv Expense: 4000
Contract Status Change Date: 5/31/2024
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: Voluntary - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Brick,Shakes,Stone,Vinyl
HashTag of Units: 0
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Hot Tub,Outside Lighting,Outside Shower,Patio,Sun Deck,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: NA
Primary Residence: No
Street Frontage : 137
HOA Contact Info: NA

Rental Income

Annual Rental Income: 400000
Rental Performance: 0.1143
Owner Rental Income 2024 Amount: 389300
Avertised Income 2024 Amount: 397900
Owner Renatl Income 2023 Amount: 374804
Avertised Income 2023 Amount: 391081
Owner Renatl Income 2022 Amount: 393718
Avertised Income 2021 Amount: 410589
Owner Rental Income 2021 Amount: 374804
Avertised Income 2021 Amount: 391081

Listing Agent Remarks

Wow Look at the renatal income on this one! Welcome to "The Risen Son" - your premier oceanfront investment opportunity in the coveted Whalehead Club. This custom-built home is not just a property; it's a lucrative investment waiting to be capitalized upon. Designed with meticulous attention to detail, this residence promises to maximize space while enveloping you in a resort-like ambiance. With endless ocean views from every angle, each day begins with breathtaking sunrises and ends with mesmerizing sunsets, offering an unparalleled experience of paradise. Access to all floors is seamless with an elevator, ensuring convenience for owners and guests alike. Step outside to discover a plethora of engaging amenities designed to delight guests. From the heated saltwater pool with a cascading waterfall to the recently added concrete ping pong table, foosball, and cornhole boards, there's entertainment for everyone. The pool cabana beckons with its fully-equipped kitchen, gas grill, built-in furniture, TV, stereo, and outdoor shower - a haven for relaxation and enjoyment. Inside, this three-level home boasts 11 suites, each with its own bathroom, ensuring privacy and comfort for all. The reverse floor plan showcases a game room, theater, and workout room on the first floor, a spacious living room on the second floor, and a gourmet kitchen on the third floor. The kitchen is a chef's dream, featuring double oven ranges, dishwashers, refrigerators, an ice maker, and a breakfast bar, all overlooking the majestic ocean. Crafted with rentals in mind, this home features commercial-grade LVP and carpet, along with premium roofing and siding materials. Every detail, from the Trex decking to the stainless steel fasteners, exudes durability and quality craftsmanship.Plus an elevator for convience; this is sure to be a destination vacation home for any event. Located in close proximity to restaurants, shops, and various activities, "The Risen Son" offers both convenience and luxury. With rental projections on file and a proven track record as one of Whalehead's top-performing homes, this property is a savvy addition to any investment portfolio. Don't miss out on this extraordinary opportunity to own a slice of paradise. Schedule your visit to "The Risen Son" today and elevate your investment portfolio to new heights. Call now to seize this excellent investment in an unbeatable location!

Directions

from Wright Memorial South to left on NC 12 go 17 miles to Bonita St left on Lighthouse

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 1001 Lighthouse Drive in Corolla is provided courtesy of A Better Way Realty, Inc . 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 1001 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.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)