Listing Details For 387 Deep Neck Road in Corolla

Closing Price:
$3,325,000
387 Deep Neck Road, Corolla, NC 27927
6 bd
6 ba
5219 sq ft
MLS #: 124788
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,225,000.00
Closing Date: 4/16/2024
Contract Date: 2/29/2024
Seller Concessions: Yes
Concession Comments: Closing cost credit of $31,400 toward repairs. Plus seller made some miscellaneous repairs
Total Days on Market:
Cumulative Days on Market: 5
Due Diligence Date: 3/24/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 5
Cumulative Days On Market: 5
Listing Price: $3,325,000
Original Listing Price: $3,325,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/17/2024
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: 5219
Asking Price Per SqFt: $637.00
Heated Living Area Sq Ft: 5219
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 1996
Garage: 1 Car,Attached
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Freezer, Ice Maker, Microwave, Refrigerator, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Granite,Solid Surface
Cooling: Central Air, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar, Walk-In Closet(s)
Heating: Central, Zoned
Room Type: Breakfast Nook, Foyer, Pantry, Shipswatch, Utility Room
Flooring: Carpet, Ceramic Tile, Engineered Wood
Construction Materials: Frame

Legal Description

Phase: 3
County: Currituck
Subdivision: Pine Island Pud
Deed Book: 616
Deed Book Page Number: 882
County Pin Number: 127C00001300000
Price Change: 4/16/2024
Road Surface: Paved
Association Amenities: Board Walk, Ocean Access, Outdoor-Off Site Pool, Outdoor-Off Site Tennis, Playground

Lot Details

Lot Size Acres: 0.73
Lot Size Dimensions: 90 x 346 x 90 x 358
Lot Size Square Feet: 31978
Lot Features: Adj. To Common Area, Beach Frontage, Level, Waterfront
Lot Faces: W
Water Frontage: 90
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $14,520.00
Home Oner Insurance Expense: 22180
Flood Zone: VE,X
Flood Insurance Expense: 1109
Water Source: Municipal
Yearly Water Expense: 950
Other Yearly Expense: 100
Pool Or Spa Expense: 2220
Yearly Expense: Actual
Yearly Elecric Expense: 6000
Yearly Telephone Expense: 400
Yearly Cable Tv Expense: 1945
Contract Status Change Date: 4/17/2024
Estimated Annual Fee Amt: $3,343.00
Sewer: Private Sewer
Septic Fee: 500
Maintenance Expense: 6000
Association Fee Includes: Electricity, Common Insurance, Management, Security, Tennis Courts, Walkways
Other Expenses 2: 10748
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Listing Restrictions: Variable Rate Comp
Exterior: Cement Fiber Board,Hurricane Shutters
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Common Laundry Area,Covered Decks,Elevator,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outdoor Tennis,Outside Lighting,Outside Shower,Security System,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Seaside Management
Primary Residence: No
Street Frontage : 90
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 241864
Rental Performance: 0.075
Owner Rental Income 2024 Amount: 107612
Avertised Income 2024 Amount: 114608
Owner Renatl Income 2023 Amount: 138775
Avertised Income 2023 Amount: 145819
Owner Renatl Income 2022 Amount: 165201
Avertised Income 2021 Amount: 173495
Owner Rental Income 2021 Amount: 152960
Avertised Income 2021 Amount: 160324

Listing Agent Remarks

If you are looking for a Prime Pine Island Ocean Front, this is going to be your Jam! 387 Deep Neck Road is in the very best section of the exclusive community of Pine Island and offers a large lot with an estate style feel along with great community amenities. Greeted by a brand-new driveway with a meticulously maintained and irrigated landscape area with native plants, shrubs and trees complimenting the architecturally pleasing eye candy of the building design itself, every aspect of this home exudes pleasing curb appeal. The sparkling new exterior paint applied in 2024 shines just as brightly as the brand-new epoxy floor coating in the spacious garage and the large outdoor decks and railings are all synthetic and recently replaced in 2018 affording ease of maintenance for years to come. The first level is punctuated with multiple features including an elevator, large lounge & game room with tile floors, kitchenette with a full secondary fridge, direct deck access to the raised pool and beach, a full bath, a double bunk bedroom and two sets of washers and dryers in a dedicated laundry room. Ascending the stairs to the grand foyer on the second level offers expansive natural lighting from the open ceilings and leads to 3 En-Suites, a second double bunk room and hall bath and a secondary lounge/den area with dedicated deck and pool access. The expansive main bedroom boasts a fireplace, a large dual-head tile shower, and its own private deck. Venture to the top floor and be greeted by breathtaking Atlantic Ocean views and an incredible sense of space thanks to the open floor plan and vaulted ceilings. Sunlight dances across the living spaces and warm engineered wood flooring with an updated custom Cozy Home kitchen where you'll find sleek black granite counters, a modern gas cooktop, dual dishwashers along with an ice machine and ample storge. A western exposure deck space off the kitchen area gives you a stunning sunset deck to enjoy the late afternoons overlooking the Nature Preserve. The wide-open dining area shares stunning ocean views with its outdoor counterpart, maximizing the impact of the home's elevated position. Seeking a quiet corner? Look no further than the ships watch style nook sitting above the main living area, featuring a unique glass block landing and private deck space. Just past the living area's half-bath, you'll find another lounge space offering natural light, privacy, and direct elevator access. The super stylish main bedroom truly stands out. Mimicking the layout of the second-floor bedroom but with even more space, it's a haven of coastal beauty. Both the bedroom and the large jacuzzi tub offer breathtaking ocean views, complemented by a glass, gas log fireplace, creating a spa-like escape to unwind after your day’s journey. Unwind at the large concrete pool and hot tub with ample deck spaces and direct access to the wide Corolla beaches we all love. 387 Deep Neck Rd checks all the boxes for a Corolla Oceanfront. Owners limit rental weeks for personal usage. 3 solid full-season rental projections are available as well as a full Cash Flow proforma. Ready to claim your piece of Pine Island Paradise then contact us today to schedule a showing….The high end real estate market is booming once again !

Directions

From Ocean Trail (NC12), east on Pine Gate Road. North on Deep Neck Road. Home almost immediately on your 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 387 Deep Neck Road in Corolla is provided courtesy of Outer Banks Blue Realty Srvcs. . 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 387 Deep Neck 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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