Asking Price:
$17,000,000
1461 Ocean Pearl Road, Corolla, NC 27927
45 bd
37 ba
0 sq ft
MLS #: 126957
Status: Active

Listing Information

Area: 4-Wheel Drive Area
Mls Status: Active
Listing Price: $17,000,000
Original Listing Price: $17,000,000
Short Sale: No
Price Date: 9/14/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 24980
Total Living Area Sq Ft: 24980
Asking Price Per SqFt: $681.00
BedroomsTotal: 45
Bathrooms Full: 37
Bathrooms Partial: 6
Year Built: 2006
Architectural Style: Coastal
Sub Type: Single Family Residence
Roof: Asphalt
Pool: Yes
Pool Type: Private
Pool Features: Outdoor Pool, Private
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Ocean Beach
Deed Book: 1616
Deed Book Page Number: 41
County Pin Number: 113A000003A0000
Price Change: 9/13/2024
Road Surface: Unpaved

Lot Details

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

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $29,143.00
Contract Status Change Date: 9/14/2024
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Fuel Tanks: Leased
HOA Contact Name: NA
Primary Residence: No
HOA Contact Info: NA

Rental Income

There is no rental income information available

Listing Agent Remarks

Looking for a picturesque beach estate that is a strong income producer? 2022, 2023 and 2024 rentals totaled over $3,500,000. This sprawling oceanfront compound known as “The Three Authors” boasts 3 mansions with a total of 45 bedrooms, 37 baths, and 6 half baths. They are situated on over 10 acres of oceanfront property. The property is exquisite, unique, and unforgettable. There are multiple pool areas, gourmet kitchens, gaming areas, theatre rooms, elevators, and wet bars. You have Gigabit Fiber Optic Internet to keep you connected and a Reverse Osmosis Water treatment system for superior quality water. These three magnificent homes can be used for a family get-together, corporate retreats, weddings, or a secluded getaway to the beach. These homes are quite spectacular with no shortage of luxe details. These properties have an excellent return on investment. The “Three Authors” is located in the northern end of the Outer Banks on over 10 acres of oceanfront property. The northern section of the Outer Banks is undisturbed shorelines with no commercial development. There are no paved roads. You drive 2 miles on the beach past a North Carolina Coastal Reserve & National Estuarine Research Reserve to get to the properties. They have a private entrance crossing the dunes servicing all three homes. The peaceful and serene setting of these homes which are located in the 4-wheel drive area of the Outer Banks which is a favorite destination of visitors. This area consists of beaches, dunes, a wild horse sanctuary, maritime forests, and the ancestors of Colonial Spanish Mustangs are roaming free. Sit on one of the many decks enjoying a view of the ocean and watch the Spanish Mustangs roam throughout the property or watch the dolphins swim by in the ocean. The homes in this luxurious retreat were named after Mark Twain, Ernest Hemingway, and F. Scott Fitzgerald. 1) Mark Twain - 18 bedrooms, 15 full and 2 half baths, almost 11,000 square feet, 3.64 acres, 2023 property taxes were $12,505.51. 2) Hemingway - 14 bedrooms, 13 full and 2 half baths, almost 8000 square feet, 3.57 acres, 2023 property taxes were $8,941.41. 3) Fitzgerald - 13 bedrooms, 9 full and 2 half baths, over 6000 square feet, 3.54 acres, 2023 property taxes were $7,695.42.

Directions

12 North until the paved road ends. Drive along the beach for approximately 2 miles and the 3 properties will be on your left. Shared private entrance on the north side of 1463 Ocean Pearl Road. Alternative entrances would be Munson Lane which is 12 lots to the North.

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 1461 Ocean Pearl Road in Corolla is provided courtesy of Charles S Motosko . 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 1461 Ocean Pearl Road 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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