Asking Price:
$2,100,000
701 Spinnaker Arch, Corolla, NC 27927
4 bd
3 ba
0 sq ft
MLS #: 126729
Status: Active

Listing Information

Area: Corolla Oceanside
Mls Status: Active
Cumulative Days On Market: 73
Listing Price: $2,100,000
Original Listing Price: $2,100,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 8/23/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2319
Total Living Area Sq Ft: 2319
Asking Price Per SqFt: $906.00
BedroomsTotal: 4
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1988
Garage: Carport
Architectural Style: Contemporary
Sub Type: Single Family Residence
Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Heat Pump
Flooring: Ceramic Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

Section: Q
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1633
Deed Book Page Number: 170
County Pin Number: 126A0000063000Q
Price Change: 8/22/2024
Block: N/A
Road Surface: Paved
Association Amenities: Ocean Access, Outdoor-Comm. Tennis, Common Area

Lot Details

Land Tax Value: 770000
Total Assessed Value: 1026710
Lot Size Acres: 0.14
Lot Size Dimensions: 55 X 110
Lot Size Square Feet: 6050
Lot Features: Beach Frontage, Level
Water Frontage: 55
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2024
Annual Property Taxes: $11,872.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 8/23/2024
Estimated Annual Fee Amt: $985.00
Sewer: Shared Septic
Association Fee Includes: Management, Road Maintenance, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Shakes
Extras: Beach Access,Covered Decks,Gazebo,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Sun Deck,Tiki Bar
Fuel Tanks: Leased
HOA Contact Name: Helen Regan - Signature Touch
Primary Residence: No
Street Frontage : 55
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 151000
Rental Performance: 0.0719
Owner Renatl Income 2023 Amount: 119482
Avertised Income 2023 Amount: 129863
Owner Renatl Income 2022 Amount: 112970
Avertised Income 2021 Amount: 123914

Listing Agent Remarks

This gorgeous 4-bedroom, 3.5-bath oceanfront home in Ocean Sands offers breathtaking ocean views and an array of must-have amenities. Located just steps from the beach, with a convenient beach access next door, this home provides the perfect combination of relaxation and convenience. A short car ride will take you to shopping and dining in both Duck and Corolla, making this the ideal location for your coastal getaway. Top Level As you head to the top floor, you'll find a cozy space for a desk on the landing. The large open-concept great room boasts cathedral ceilings, plenty of natural light, stunning ocean views, a gas fireplace, and access to the oceanfront deck. The dining area seats 11, making it the perfect spot to enjoy meals while taking in the ocean views. The chef's kitchen is equipped with stainless steel appliances, granite countertops, and ample space for cooking and entertaining. Bonus Loft Level The loft level offers an additional retreat as well as additional sleeping space providing 3 single beds and even more stunning ocean views, making it a great spot for kids or guests. The first floor is home to two oceanfront ensuite bedrooms, both with deck access. One ensuite features a custom-tiled rain shower, while the other includes a custom-tiled glass enclosure. This level also includes a full hall bath, a queen bedroom, a bedroom with two twin beds, and a laundry area with a washer and dryer. The exterior features a fully gated private pool surrounded by two gazebos with covered seating, two poolside bar areas, and two deck swings. One of the gazebos provides a shaded area over the hot tub, perfect for unwinding after a day at the beach. Additional amenities include a foot wash for rinsing off the sand, two outdoor showers. Investment Potential With its excellent rental income potential, this home is not only a dream beach retreat but also a superb investment opportunity. This oceanfront gem offers everything you need for the perfect beach escape, with modern upgrades, amazing views, and a prime location in the heart of Ocean Sands. Upgrades Include · Kitchen renovation · New refrigerator (2021), microwave (2019), washer/dryer & range (2018) · New roof (2019) · Gas fireplace (2019) · Three remodeled bathrooms · New LVT floors (2021) · Gazebos & outdoor furniture (2021) · New top-floor deck & siding (2024) To view the 3D floor plan copy & paste this link https://my.matterport.com/show/?m=CyFdz75U74T&play=1&brand=0&mls=1&

Directions

North on Ocean Trail, make right on Driftwood Way Section Q Ocean Sands, then Right on Spinnaker, house on left

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 701 Spinnaker Arch in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-202-8148. 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 701 Spinnaker 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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