Listing Details For 1061 Lighthouse Drive in Corolla

Closing Price:
$3,999,000
1061 Lighthouse Drive, Corolla, NC 27927
9 bd
8 ba
4896 sq ft
MLS #: 115364
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,850,000.00
Closing Date: 3/7/2022
Contract Date: 1/16/2022
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 177
Due Diligence Date: 2/25/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 176
Cumulative Days On Market: 177
Listing Price: $3,999,000
Original Listing Price: $4,100,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/4/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4896
Asking Price Per SqFt: $817.00
Heated Living Area Sq Ft: 4896
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 3
Year Built: 2015
Garage: None
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler, Wall Oven
Roof: Asphalt, Metal
Parking: Off Street, Paved
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Custom, Heated Salt, Heated, In Ground, Outdoor Pool, Private
Builder Name: MANCUSO DEVELOPMENT
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Foyer, Game Room, Home Theater
Flooring: Carpet, Hardwood, Tile

Legal Description

Section: 4
County: Currituck
Subdivision: Whalehead Club
Deed Book: 1292
Deed Book Page Number: 758
County Pin Number: 115A00000080004
Price Change: 3/7/2022
Road Surface: Paved, Public

Lot Details

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

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $12,219.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 3/8/2022
Estimated Annual Fee Amt: $0.00
Sewer: Non Conventional Septic, 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
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Tiki Bar,Dry Entry,Inside Laundry Room
HOA Contact Name: WHALEHEAD POA
Primary Residence: No
HOA Contact Info: WHALEHEAD POA

Rental Income

Annual Rental Income: 319740
Rental Performance: 0.083
Avertised Income 2021 Amount: 319740

Listing Agent Remarks

NEW WOOD FLOORS BEING INSTALLED IN BEDROOMS IN OFF SEASON 2021 AND ALL OTHER FLOORS ARE BEING REFINISHED. This luxurious oceanfront home was built by Mancuso Development in 2015 and has all the amenities, coupled with an impressive rental history, generating approximately $320K in rental income in 2021 only renting in the peak season. Situated on an elevated lot with 100 feet of oceanfront, you can enjoy panoramic ocean views of the wide, beautiful beaches of Corolla. Situated in an X Flood zone, so no flood insurance required!  Professionally designed and tastefully furnished with high end custom touches. The top level boasts a spacious chef's kitchen with large center island, double ovens, two dishwashers, and two refrigerators and granite counters. The dining room looks out over the ocean with a beautiful handmade table that seats 18. The spacious and open living area is situated around a double sided fireplace, with multiple sitting areas and large windows for taking in the view. Also on the top level is the main master suite with a private covered deck. The mid-level includes seven large bedrooms, 5 of which are masters with their own private en suite bath, and all seven have direct deck access. The lower level boasts a theatre room, game room with pool table and kitchenette and bar area, and kids room with built in bunks, and of course an elevator that takes you to all levels of the home. Perhaps the best features of the home are found outdoors, which was thoughtfully designed to enjoy this piece of coastal paradise. Enjoy the oversized heated salt water pool with large sun shelf perfect for sunbathing, two hot tubs, a tranquil waterfall, a poolside cabana with outdoor TV, and a large grilling area with plenty of seating. The elevated private walkway to the beach ends at a large dune deck perfect for enjoying sunrises and sunsets. Truly a stunning home and great investment!

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 1061 Lighthouse Drive in Corolla is provided courtesy of Four Seasons Realty . 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 1061 Lighthouse Drive 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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