Asking Price:
$1,140,000
508 Albatross Lane, Corolla, NC 27927
6 bd
7 ba
0 sq ft
MLS #: 127268
Status: Active

Listing Information

Area: 4-Wheel Drive Area
Mls Status: Active
Cumulative Days On Market: 12
Listing Price: $1,140,000
Original Listing Price: $1,140,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/18/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2600
Total Living Area Sq Ft: 2600
Asking Price Per SqFt: $438.00
BedroomsTotal: 6
Bathrooms Full: 7
Bathrooms Partial: 1
Year Built: 2024
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Room Type: Game Room, Utility Room
Flooring: Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: 2
County: Currituck
Subdivision: Swan Beach
Deed Book: 1698
Deed Book Page Number: 0767
County Pin Number: 101A00001160002
Price Change: 10/17/2024
Block: N/A
Road Surface: Unpaved

Lot Details

Waterfront: More than 5th row
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2024
Annual Property Taxes: $3,907.00
Water Source: Well
Contract Status Change Date: 10/18/2024
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
Exterior: Cement Fiber Board,Lap Siding
Extras: Hot Tub
Fuel Tanks: None
HOA Contact Name: N/A
Primary Residence: No
HOA Contact Info: N/A

Rental Income

Annual Rental Income: 100930
Rental Performance: 0.0885

Listing Agent Remarks

Completed in 2024, this new construction home in Swan Beach is the rental investment that you have been waiting for. With six bedrooms and seven bathrooms, this home is situated on an elevated lot with direct beach access two blocks away. Built with upscale design and finishes, it has the amenities that fit a major rental producer. Features include granite countertops, waterproof luxury vinyl flooring, solid wood interior doors, LP SmartSiding, and Andersen windows & doors. Set up as a reverse floor plan, the upstairs has the kitchen and living room along with great views looking east towards the ocean and north towards open space where the horses roam. All six rooms in the house are primary ensuites. There are two bedrooms on the top level and four on the middle level. The ground level comes equipped with a rec room, full bath, and a sitting area that flows seamlessly to the private pool area in the back of the house. This is your chance to own a brand new upscale home on the beautiful 4x4 beaches of the Outer Banks. With a rental projection of over $100k for 2025, this turnkey investment is a must see!

Directions

Take the ramp at Albatross Lane and the house will be on the 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 508 Albatross Lane in Corolla is provided courtesy of Twiddy and Company - Corolla C: 252-207-6143. 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 508 Albatross Lane 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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