Closing Price:
$1,400,000
26160 Otter Way, Salvo, NC 27972
7 bd
7 ba
5221 sq ft
MLS #: 114830
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,175,000.00
Closing Date: 12/3/2021
Contract Date: 10/10/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 117
Due Diligence Date: 11/19/2021

Listing Information

Area: Salvo Soundside
Mls Status: Closed
Days On Market: 117
Cumulative Days On Market: 117
Listing Price: $1,400,000
Original Listing Price: $1,600,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/9/2021
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: 5221
Asking Price Per SqFt: $268.00
Heated Living Area Sq Ft: 5221
BedroomsTotal: 7
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 2005
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Custom, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar, Walk-In Closet(s)
Heating: Central, Electric, Heat Pump, Zoned
Room Type: Game Room, Home Theater, Office
Flooring: Carpet, Ceramic Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

Phase: 2
County: Dare
Subdivision: Wind Over Waves
Subdivision Name: Wind Over Waves - Phase 2
Deed Book: 1825
Deed Book Page Number: 0037
County Pin Number: 064712951144
Price Change: 12/8/2021
Road Surface: Paved, Private
Association Amenities: Boat Ramp, Board Walk, Ocean Access, Sound Access

Lot Details

Lot Size Acres: 0.47
Lot Size Square Feet: 20500
Lot Features: Adj to Park Serv./Preserv, Level
Waterfront: Soundfront
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $5,582.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 12/9/2021
Estimated Annual Fee Amt: $483.00
Sewer: Septic Tank
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Road Maintenance, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Tom Amatucci
Primary Residence: No
HOA Contact Info: bwctom@gmail.com

Rental Income

Annual Rental Income: 100795
Rental Performance: 0.0858
Owner Renatl Income 2022 Amount: 82905
Avertised Income 2021 Amount: 89405
Owner Rental Income 2021 Amount: 100795
Avertised Income 2021 Amount: 108945

Listing Agent Remarks

This home is MAGNIFICENT!! This stunning 7-bedroom, 7 full bath and 2 half bath sound front home in the beautiful Wind Over Waves subdivision of Salvo has everything you could possibly wish for in the perfect vacation/investment home...and MORE!! "Baywatch" offers incredible sound and sunset views and 5,220 square feet of beautifully decorated and luxuriously furnished living space! The amenities this property has to offer are nearly too numerous to mention, but let's give it a go...custom sound front pool with waterfall; hot tub; outdoor shower; sun decks; covered decks; first level king bedroom and handicap friendly full bath with roll-in shower; TWO game rooms - one with a wet bar featuring refrigerator, microwave and ice machine; a home theatre/media room with ANOTHER wet bar with ice machine; TWO laundry rooms (one on each bedroom level!); mid-level office nook; elevator; upper level king master suite with walk-in closet and jacuzzi tub; amazing great room with vaulted ceilings, built-ins, floor to ceiling windows and gas fireplace; MULTIPLE dining areas; gourmet kitchen with TWO refrigerators; TWO ovens; TWO dishwashers, large center island and granite countertops; and views, views, VIEWS!!! Add in the Wind Over Waves community pier and boat ramp for kayaking, fishing, boating and watersports as well as proximity to all the shopping, dining and entertainment that the tri-villages have to offer.....this is the perfect house!! No wonder "Baywatch" is such a stellar rental performer with more than $108K already booked for 2021 and more than $89K already on the books for 2022!! Don't miss this one of a kind opportunity...come and visit today!!

Directions

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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 26160 Otter Way in Salvo is provided courtesy of Midgett Realty - Rodanthe C: 252-996-0124. 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 26160 Otter Way in Salvo 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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