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Listing Details For 514 Magnolia Way in Corolla

Closing Price:
$924,000
514 Magnolia Way, Corolla, NC 27927
4 bd
3 ba
0 sq ft
MLS #: 128414
Status: Closed

SOLD Details

Status: Closed
Sold Price: $975,000.00
Closing Date: 4/17/2025
Contract Date: 3/13/2025
Seller Concessions: Yes
Concession Comments: $3000 credit to buyer at closing
Total Days on Market: 12
Due Diligence Date: 3/14/2025

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 12
Cumulative Days On Market: 12
Listing Price: $924,000
Original Listing Price: $924,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/17/2025
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: 2596
Total Living Area Sq Ft: 2596
Asking Price Per SqFt: $356.00
BedroomsTotal: 4
Bathrooms Full: 3
Year Built: 1997
Garage: 1 Car
Architectural Style: Coastal, Cottage
Sub Type: Single Family Residence
Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Outdoor Pool, In Ground, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Electric, Forced Air
Flooring: Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Deed Book: 405
Deed Book Page Number: 144
County Pin Number: 9943-26-1177
Price Change: 4/16/2025
Road Surface: Paved, Private
Association Amenities: Clubhouse, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground

Lot Details

Land Tax Value: $NaN
Total Assessed Value: $NaN
Lot Features: Waterfront
Waterfront: Soundfront
View: Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2024
Annual Property Taxes: $4,366.00
Insurance Expenses: $NaN
Home Owner Insurance Expense: $NaN
Flood Zone: AE,Shaded X
Flood Insurance Expense: $NaN
Water Source: Municipal
Yearly Water Expense: $NaN
Contract Status Change Date: 4/17/2025
Estimated Annual Fee Amt: $6,500.00
Sewer: Shared Septic
Association Fee Includes: Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Outside Lighting,Outside Shower,Sun Deck
Fuel Tanks: None
HOA Contact Name: Craig Atwater
Primary Residence: No
HOA Contact Info: 610-283-2501

Rental Income

There is no rental income information available for this property.

Listing Agent Remarks

Nestled on a quiet soundside peninsula in Magnolia Bay, Avoca Blue offers the perfect blend of privacy, natural beauty, and resort-style amenities. This stunning waterfront home in The Currituck Club is surrounded by serene marsh grass, mature landscaping, and breathtaking views of Beasley Bay. Step inside to an open-concept great room bathed in natural light, where panoramic water views set the scene for unforgettable coastal living. Glass doors lead to a spacious soundfront deck, ideal for enjoying spectacular sunsets or relaxing with a morning coffee. Just below, the private 11' x 26' pool and hot tub provide the ultimate spot for outdoor fun, while the lush backyard gives kids and pets plenty of space to play. Designed with both style and functionality in mind, the kitchen features stainless steel appliances, including a Viking gas range, allowing you to cook with a view. The main-level primary suite offers direct deck access, incredible water vistas, and a spa-like private bath with a walk-in shower featuring dual showerheads. A second bedroom on the main level, plus two more upstairs, ensures there's plenty of space for family and guests. Throughout the home, tile and LVP flooring make maintenance a breeze—no carpet here! Beyond the home, The Currituck Club delivers an unmatched lifestyle, with a fitness center, tennis courts, shuffleboard, volleyball, basketball, and multiple pools. In the summer, hop on the complimentary trolley to the beach, where a valet awaits to help with your gear (Memorial Day - Labor Day). Golf lovers will appreciate the Rees Jones-designed 18-hole championship course, just minutes away. As an added bonus, Avoca Blue generated over $81,000 in rental income in 2024, making it a fantastic investment opportunity in addition to being a dream coastal retreat. Whether you're seeking a year-round residence, a second home, or a vacation rental, Avoca Blue is a rare soundfront gem that truly has it all.

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 514 Magnolia Way in Corolla 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 514 Magnolia Way in Corolla is no longer available for sale.

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