Asking Price:
$12,000,000
118 N Baum Trail, Duck, NC 27949
12 bd
12 ba
9651 sq ft
MLS #: 124212
Status: Active

Listing Information

Area: Duck Oceanside
Mls Status: Active
Cumulative Days On Market: 361
Listing Price: $12,000,000
Original Listing Price: $12,000,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/28/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Agency

Building Details

Primary Heated Living Area Sq Ft: 9651
Total Living Area Sq Ft: 9651
Asking Price Per SqFt: $1,243.00
Heated Living Area Sq Ft: 9651
BedroomsTotal: 12
Bathrooms Full: 12
Bathrooms Partial: 3
Year Built: 2018
Garage: Carport
Architectural Style: Contemporary
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Freezer, Ice Maker, Microwave, Refrigerator, Washer, Wine Cooler, Wall Oven
Roof: Wood
Parking: Off Street, Paved, Underground, Unpaved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, In Ground, Private
Builder Name: Mancuso Development
Counter Tops: Quartz
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Electric, Heat Pump, Zoned
Room Type: Home Theater
Flooring: Carpet, Tile, Wood
Construction Materials: Frame

Legal Description

Phase: 2
County: Dare
Subdivision: Palmer's Island
Deed Book: 2283
Deed Book Page Number: 0826
County Pin Number: 995109178377
Price Change: 12/27/2023
Road Surface: Paved, Private

Lot Details

Lot Size Acres: 1.01
Lot Size Dimensions: 44,165 sf (see survey)
Lot Size Square Feet: 44155
Lot Features: Beach Frontage
Lot Faces: W
Water Frontage: 150
Waterfront: Ocean Front
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $28,914.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 12/28/2023
Estimated Annual Fee Amt: $4,200.00
Sewer: Non Conventional Septic, Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Shakes
Extras: Boardwalk to Beach,Cabana,Ceiling Fan(s),Elevator,Hot Tub,Landscaped,Outside Shower,Sun Deck,Tiki Bar,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Seaside Managment
Primary Residence: No
Street Frontage : 150
HOA Contact Info: 252.261.1200

Rental Income

Annual Rental Income: 748140
Rental Performance: 0.0623
Owner Rental Income 2024 Amount: 621116
Avertised Income 2024 Amount: 661207
Owner Renatl Income 2023 Amount: 658765
Avertised Income 2023 Amount: 691811
Owner Renatl Income 2022 Amount: 551610
Avertised Income 2021 Amount: 581908

Listing Agent Remarks

Nestled in Duck, NC within the secluded community of Palmer’s Island on North Carolina's Outer Banks stands Palmer’s Panorama, an architectural masterpiece that redefines coastal luxury living. Honored with the esteemed 2018 OBX Parade of Homes Judges Award of Excellence and the People’s Choice accolades, this sprawling estate spans nearly 10,000 square feet across an expansive oceanfront acre. Please enjoy this splendid VIDEO by pasting the link into your browser: https://www.youtube.com/watch?v=t1015LvJBPo Crafted by Mancuso Construction in 2018, Palmer’s Panorama stands as a pioneering masterpiece in architectural design, offering breathtaking panoramic vistas of both the ocean and sound from every level. This opulent estate boasts 12 luxurious ensuite bedrooms, most with dedicated decks, and three exquisitely designed living areas. Outdoor entertainment features include a 24’ x 50’ heated pool with a 15'x15' tanning ledge, cabana, showers, and bathroom, along with two inviting hot tubs. The pool has a new 250,000 BTU LP gas heater that makes chilly water warm up fast! A covered recreation area provides amenities like mini-golf, basketball, ping-pong, shuffleboard, and a host of games and toys for children and adults alike. (See the associated documents.) Notwithstanding its luxurious amenities, the remarkable location of Palmer’s Panorama makes it truly extraordinary. The setting within Palmer’s Island offers thrilling sunrises over the ocean and magnificent sunsets across the Currituck Sound in the midst of unparalleled natural beauty. A private boat dock and ramp on the Currituck Sound offers private access to boating, kayaking and fishing. Nearby, the Sanderling Racquet & Swim Club, Pine Island Racquet Club, Sanderling Resort, and Currituck Club Golf Course offer indoor tennis, Spa, indoor pool and fitness clubs, exclusive restaurants, and premier golf respectively. Relish a sunset stroll along the sound to the area’s only 4 Diamond-rated restaurant, Kimball’s Kitchen, to enjoy exquisite culinary experiences on the soundfront within the Sanderling Resort. Moreover, the property's proximity to the DONAL C. O'BRIEN, Jr. AUDUBON SANCTUARY in Corolla is a highlight of its unique location. Just steps away from this lavish retreat lies this pristine expanse, preserving 2,600 ACRES of protected marsh, upland maritime forest, and sandy beaches. The Sanctuary provides respite for migratory birds and wildlife, away from human disturbance. Visitors can revel in the untouched beauty of the Sanctuary through kayak tours, public programs, and nature trails, offering a serene and captivating experience adjacent to the luxurious realm of Palmer's Panorama. In addition to its natural splendor, Palmer’s Panorama presents an extraordinary investment opportunity as a vacation rental property. Its proximity to major urban hubs like Northern Virginia (NVA), Washington D.C., Philadelphia, and even Manhattan makes it an ideal getaway for urban dwellers seeking fresh ocean breezes by the coast. With its luxurious amenities, pristine surroundings, and convenient location, it has proven potential to generate substantial ANNUAL RENTAL INCOME approaching $750,000. For a comprehensive understanding of Palmer's Panorama's investment potential and a detailed breakdown of its rental income history and projections, we highly recommend reviewing the associated documents outlining the property's earnings. These documents contain valuable insights into the substantial revenue-generating capability of this remarkable estate. Palmer’s Panorama offers not only an exceptional estate but a gateway to both an unforgettable coastal experience and a profitable investment opportunity, combining luxury living, breathtaking natural surroundings, and promising rental potential. Please enjoy this splendid VIDEO by pasting the YouTube link into your browser: https://www.youtube.com/watch?v=t1015LvJBPo

Directions

North on NC12 from Duck; Right on Baum Trail; Left on N. Baum Trail; Second home on the right.

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 118 N Baum Trail in Duck is provided courtesy of Twiddy and Co. - Duck C: 252-333-5310. 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 118 N Baum Trail in Duck 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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