Listing Details For 1873 Ocean Pearl Road in Corolla

Closing Price:
$2,495,000
1873 Ocean Pearl Road, Corolla, NC 27927
23 bd
20 ba
12468 sq ft
MLS #: 99427
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,930,000.00
Closing Date: 3/4/2020
Off Market Date: 6/1/2019
Contract Date: 1/13/2020
Seller Concessions: Yes
Concession Comments: $70,000 repair credit reduced original purchase price from $2M to $1,930,000.
Total Days on Market:
Cumulative Days on Market: 684
Due Diligence Date: 2/12/2020

Listing Information

Area: 4-Wheel Drive Area
Mls Status: Closed
Days On Market: 684
Cumulative Days On Market: 684
Listing Price: $2,495,000
Original Listing Price: $3,895,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/5/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 12468
Asking Price Per SqFt: $200.00
Heated Living Area Sq Ft: 12468
BedroomsTotal: 23
Bathrooms Full: 20
Bathrooms Partial: 3
Year Built: 2010
Architectural Style: Nags Head, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Custom, Gunite, Heated, In Ground, Private
Counter Tops: Granite
Cooling: Central Air
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Foyer, Game Room, Home Theater, Media Room
Flooring: Carpet, Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Swan Island Estates
Deed Book: 1287
Deed Book Page Number: 554
County Pin Number: 100A00000020000
Price Change: 3/4/2020
Road Surface: Unpaved

Lot Details

Lot Features: Beach Frontage, Waterfront
Water Frontage: 124
Waterfront: Ocean Front
View: Ocean, Park/Greenbelt
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2017
Annual Property Taxes: $11,150.00
Flood Zone: AE,Cobra,VE,X
Water Source: Private, Well
Contract Status Change Date: 3/5/2020
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Listing Restrictions: Variable Rate Comp
Exterior: Shakes,Wood
Extras: Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Outside Lighting,Outside Shower,Sun Deck,Water Softener,Tiki Bar
Primary Residence: No

Rental Income

Annual Rental Income: 523475
Rental Performance: 0.2712

Listing Agent Remarks

10 beautiful acres of Ocean to Sound Privacy! This could be one of the most rare opportunities on the East Coast. Included within this vast acreage is a magnificent 12,000+ sqft estate with 23 bedrooms fully furnished and ready to enjoy. Currently a vacation rental and special event retreat, this home generates significant annual income repeatedly grossing between $400-500K. Remotely located in the 4x4 only beaches of Corolla, this one-of-a-kind estate incorporates Old Nags Head style architecture with modern amenities and luxury furnishings. Features include 11,000 sqft of expansive decking, dance and multimedia hall, multiple bar areas, theater room, billiards, large gourmet kitchen with separate commercial kitchen and private elevator access for staff. Enjoy panoramic views of the sea, wild horses grazing near the property in the 1300+ acre US Fish and Wildlife Preserve, or lounge by the pool. You must see this house in person to fully appreciate the size and privacy. Additional financial information available to qualified buyers. Check out the Virtual tour at https://my.matterport.com/show/?m=uc9Lz25dzYe&brand=0&utm;_source=3

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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 1873 Ocean Pearl Road in Corolla is provided courtesy of Twiddy and Company - Wash Woods C: 252-202-0105. 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 1873 Ocean Pearl 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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