Listing Details For 1201 Coral Lane in Corolla

Closing Price:
$1,750,000
1201 Coral Lane, Corolla, NC 27927
9 bd
7 ba
4800 sq ft
MLS #: 113988
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,672,500.00
Closing Date: 7/14/2021
Contract Date: 5/24/2021
Seller Concessions: Yes
Concession Comments: $17,500 Buyers expenses
Total Days on Market:
Cumulative Days on Market: 34

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 34
Cumulative Days On Market: 34
Listing Price: $1,750,000
Original Listing Price: $1,750,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 7/15/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4800
Asking Price Per SqFt: $365.00
Heated Living Area Sq Ft: 4800
BedroomsTotal: 9
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 2003
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Outdoor Pool, Private, Vinyl
Builder Name: Shoreline Builders
Counter Tops: Other,Quartz
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Electric, Forced Air, Heat Pump, Zoned
Flooring: Carpet, Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

Section: 01
County: Currituck
Subdivision: Ocean Hill
Deed Book: 0582
Deed Book Page Number: 0181
County Pin Number: 114C00000790001
Price Change: 7/14/2021
Road Surface: Paved, Private
Association Amenities: Ocean Access

Lot Details

Lot Size Dimensions: 100 X 210
Lot Features: Corner Lot
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $5,483.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 7/15/2021
Estimated Annual Fee Amt: $325.00
Sewer: Septic Tank
Association Fee Includes: Road Maintenance
Association Fee Yes or No: Yes

Financials

Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Hot Tub,Dry Entry
HOA Contact Name: http://www.oceanhill.org/
Primary Residence: No
Street Frontage : 200
HOA Contact Info: Ocean Hill 1 POA

Rental Income

Annual Rental Income: 175000
Rental Performance: 0.1046
Owner Rental Income 2021 Amount: 132090
Avertised Income 2021 Amount: 165783

Listing Agent Remarks

Just Beautiful Blue ... Ocean Views! This exceptional Corner Semi-Oceanfront Beach Home that fronts on Atlantic Avenue toward the Atlantic Ocean is designed with 200’ of Frontage to capture more Ocean Views. A Wonderful Great Room w Gas Fireplace, Dining & Kitchen Areas that provide Gathering Arenas for all to enjoy Ocean Views from every angle! Your Kitchen is “Command Central” with hooded Viking Gas Stove, Breakfast Bar, Quartz Counter Tops, Two Dishwashers, Stainless Steel Appliances. The Rec Room w Billiards also has Kitchenette w Full Size Fridge & Ice Maker, all convenient to the Poolside Fun of the Private Pool & Hot Tub ... and only seconds to the Beach Access, all of which make for an amazing Beach Vacation ! A Large Private Swimming Pool is heated by heat pump (not expensive propane) which can be heated for renters for a weekly fee. And the well positioned Pool Area has ample Southern Exposure for Sunshine all throughout the Day, that makes for more splashin’ action. Then an adjacent horseshoe pit awaits for settling old scores. With Nine ( 9 ) spacious Bedrooms & Seven ( 7 ) Full Baths plus Two ( 2 ) Half Baths, you will have more room for Friends and Family. Several Master Bedrooms have Bathrooms w Custom Tiled Showers & Jet Tubs. All bedrooms are well appointed. Plus a separate Den on the Mid Level for Reading, Computer Office Setting, or Movies. Perched on a Dune with a quiet Corner Setting, this Beach Home is only 200 feet from the beach walkway and less than 1 mile from the Corolla Lighthouse, The Whalehead Club, and lots of restaurants and shopping. This huge Corner Site with 21,000 Sq Ft and 200’ of Ocean View Street Frontage is 1 of only 6 Lots in Corolla (other Communities have 100 ’ maximum ). Being located in the sought after Beach Community of Ocean Hill, with Large 20,000 Sq Ft Lots, gives this Semi-Oceanfront the feel of an Oceanfront without the same costs and maintenance. "Salty Dogs" is special with Lots of Decking, PLUS a Sky Deck for glamorous Ocean Views, sky Views of the & Moon & Stars.....plus direct views of Corolla Lighthouse ! Parking Spaces for 9 ; Pool Size 15 X 35 ; Quality Construction & Custom Built by Shoreline Builders. Only 200’ to the Beach Access. New Air Conditioning & Heating System 2020.

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 1201 Coral Lane in Corolla is provided courtesy of Sun Realty - Corolla C: 252-453-8822. 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 1201 Coral 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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