Listing Details For 181 Cottage Cove Road in Corolla

Closing Price:
$3,300,000
181 Cottage Cove Road, Corolla, NC 27927
7 bd
8 ba
5051 sq ft
MLS #: 117258
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,350,000.00
Closing Date: 2/14/2022
Contract Date: 1/15/2022
Seller Concessions: Yes
Concession Comments: $20,000 repair concession
Total Days on Market:
Cumulative Days on Market: 3

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 3
Cumulative Days On Market: 3
Listing Price: $3,300,000
Original Listing Price: $3,300,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/15/2022
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 5051
Asking Price Per SqFt: $653.00
Heated Living Area Sq Ft: 5051
BedroomsTotal: 7
Bathrooms Full: 8
Year Built: 1998
Garage: 2 Car
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Concrete, Association, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite,Marble
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar, Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Foyer, Game Room, Home Theater
Flooring: Carpet, Hardwood, Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Deed Book: 1659
Deed Book Page Number: 632
County Pin Number: 127C00002310000
Price Change: 2/14/2022
Road Surface: Paved, Private
Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park

Lot Details

Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $11,278.00
Home Oner Insurance Expense: 9380
Flood Zone: X
Flood Insurance Expense: 1045
Water Source: Municipal
Other Yearly Expense: 420
Contract Status Change Date: 2/15/2022
Estimated Annual Fee Amt: $2,751.00
Sewer: Private Sewer
Association Fee Includes: Electricity, Common Insurance, Management, Road Maintenance, Security, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Composite Siding,Shakes
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
HOA Contact Name: Seaside Management
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 288302
Rental Performance: 0.0861
Owner Renatl Income 2022 Amount: 220797
Avertised Income 2021 Amount: 230115
Owner Rental Income 2021 Amount: 203521
Avertised Income 2021 Amount: 216140

Listing Agent Remarks

181 Cottage Cove Rd, Pine Island: everything you would want in an upscale Outer Banks oceanfront home; exclusive '1 home' per 90' of oceanfront location, offering dramatic unobstructed ocean and sound views in a safe, elevated, preferred X-flood zone location, classic, stylish custom designed and built home, with a great open floorplan, elevator, rec room, theater room, upscale heated pool & spa, in excellent condition, and very importantly, with modern, all updated exterior cladding. IE: modern 2016 roof, updated entire exterior facade with cement shingles and pvc trim 2016, 60%-70% newer windows as needed and all new sliders 2016, areas of new Trex decking 2021, and brand new high end pool remodel with Travertine paver pool deck 2021; repeat, all new siding with 18" cementitous shakes, pvc trim, soffit, fascia, gutters, all valuable and important updates! Upgraded bluetooth audio visual & system 2022 with new theater tv, 2019 hot tub, 2021 kitchen appliances, fresh interior paint, among other updates. Grand and open great room offering panoramic Ocean and Sound views, gas fireplace with 'coquina' and limestone surround, open foyer, gleaming oak hardwood floors on all of the top 2 levels and stair treads, custom trim, 7 large master bedrooms, comfortable bathrooms with all granite tops, quality glass topped furnishings, comfortable recreation room with billiards table, seating, &kitchenett e, huge pool deck and ample outdoor furniture. 2 levels of decking front and rear for shade and sun, ample parking areas plus 2 garage's (one for guests one for owner), lots of owner storage, mature stable landscaping easy to maintain, and solid, stable, vegetated dune line with new private beach access walkover. This property provides likely the most private, quiet beach in the area, with one home per 90' of oceanfront property, and sunrises and sunsets to die for. High income producing property, with $288,302 projected gross rental income, and well on it's way with 2022 rental bookings (rental reports available). This home is ready for immediate enjoyment, is truly in great condition, really shines inside and out, so the new owner will benefit from all these updates and efforts. This property will be a pleasure to own and enjoy, act now to capture the seasons income and years of enjoyment!

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 181 Cottage Cove Road in Corolla is provided courtesy of Outer Banks Realty Group . 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 181 Cottage Cove Road 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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