Closing Price:
$3,779,000
411 Great Gap Point, Corolla, NC 27927
9 bd
9 ba
4538 sq ft
MLS #: 125191
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,640,000.00
Closing Date: 6/18/2024
Contract Date: 4/26/2024
Seller Concessions: Yes
Concession Comments: Price adjustment made for concessions.
Total Days on Market:
Cumulative Days on Market: 24
Due Diligence Date: 5/30/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 24
Cumulative Days On Market: 24
Listing Price: $3,779,000
Original Listing Price: $3,779,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 6/18/2024
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: 4538
Total Living Area Sq Ft: 5446
Asking Price Per SqFt: $694.00
Heated Living Area Sq Ft: 4538
BedroomsTotal: 9
Bathrooms Full: 9
Bathrooms Partial: 2
Year Built: 1995
Architectural Style: Contemporary, Coastal
Sub Type: Single Family Residence
Appliances: Disposal, Dishwasher, Dryer, Ice Maker, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
Roof: Asphalt
Parking: Paved, Off Street
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: In Ground, Concrete, Heated, Private, Association
Counter Tops: Granite
Cooling: Central Air
Interior Features: Wet Bar
Heating: Electric
Room Type: Foyer, Game Room, In-Law Apartment, Guest House
Flooring: Carpet, Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Deed Book: 892
Deed Book Page Number: 264
County Pin Number: 127C00000930000
Price Change: 6/17/2024
Road Surface: Paved, Private
Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area

Lot Details

Lot Features: Beach Frontage, Cul-De-Sac, Level, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $13,451.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 6/18/2024
Estimated Annual Fee Amt: $3,307.00
Sewer: Private Sewer
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Hot Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Seaside Management
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 400245
Rental Performance: 0.11
Avertised Income 2024 Amount: 308300
Avertised Income 2023 Amount: 287837

Listing Agent Remarks

Welcome to 411 Great Gap Point, a luxury listing and prime investment opportunity on the oceanfront offering three separate venues in one to include a main estate, guest house, and pool cabana, all situated on an elevated oceanfront parcel located on a private cul-de-sac in the renowned Pine Island community of Corolla, NC. With over 5,400 square feet of total living space, this home boasts classic coastal elegance and comfort throughout with a professionally reappointed interior to include 8 en suites in the Main House (9 en suites total), three levels of living space, an elevator, game room with wet bar, poker and pool tables, an updated gourmet kitchen w/ WOLF double oven, two dishwashers, granite countertops, island & dining seating, a gas fireplace, second wet bar, and spacious sun and covered decks on the east and west showcasing the unforgettable panoramic views of the ocean throughout. A separate Guest House is the perfect place for additional privacy as it boasts two stories to include a king en suite, full bath, laundry, and living room for added privacy to relax and unwind. The pool cabana house with french doors opening out onto the spacious grounds surrounding the private heated pool, spa, and dining terrace, offers convenience with two separate showers, a bath, changing area, and additional storage space. Direct shared beach access leads you from the main house, guest house, and pool cabana onto the wide sandy beaches of Corolla steps away. You will certainly appreciate the well vegetated dune line and proactive HOA in Pine Island that offers added safety and security on your investment. Don't miss this one-of-a-kind and unique opportunity for a turn-key ready income producing residence featuring three separate venues for families and friends to gather and soak up all the beauty that Outer Banks oceanfront living has to offer!

Directions

(none)

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 411 Great Gap Point in Corolla is provided courtesy of Twiddy and Company - Corolla C: 704-936-6456. 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 411 Great Gap 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)