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Listing Details For 516 Lighthouse Road in Ocracoke

Closing Price:
$1,675,000
516 Lighthouse Road, Ocracoke, NC 27960
5 bd
2 ba
2304 sq ft
MLS #: 110478
Status: Closed

SOLD Details

Status: Closed
Sold Price: $1,550,000.00
Closing Date: 3/23/2021
Contract Date: 12/16/2020
Seller Concessions: No
Total Days on Market: 132
Due Diligence Date: 1/30/2021

Listing Information

Area: Ocracoke
Mls Status: Closed
Days On Market: 132
Cumulative Days On Market: 132
Listing Price: $1,675,000
Original Listing Price: $1,675,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/23/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2304
Asking Price Per SqFt: $727.00
Heated Living Area Sq Ft: 2304
BedroomsTotal: 5
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1995
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven
Roof: Asphalt
Foundation: Piling
Pool: No
Counter Tops: Solid Surface
Cooling: Heat Pump
Heating: Heat Pump
Flooring: Carpet, Hardwood, Vinyl, Wood
Construction Materials: Wood Siding

Legal Description

County: Hyde
Subdivision: None
Subdivision Name: Property of the Old Pamlico Inn Site
Deed Book: 145
Deed Book Page Number: 675
County Pin Number: 9500-07-5572
Price Change: 3/22/2021
Road Surface: Paved, Public

Lot Details

Land Tax Value: $NaN
Total Assessed Value: $NaN
Lot Size Acres: 0.52
Lot Size Dimensions: 182 x 124 x 141x 155
Lot Size Square Feet: 22507
Lot Features: Bulkheaded, Easement(s), Level, Waterfront
Water Frontage: 155
Waterfront: Soundfront
View: Park/Greenbelt, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $5,183.00
Insurance Expenses: $NaN
Home Owner Insurance Expense: $NaN
Flood Insurance Expense: $NaN
Water Source: Municipal
Yearly Water Expense: $NaN
Contract Status Change Date: 3/23/2021
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Shakes
Extras: Ceiling Fan(s),Covered Decks,Gazebo,Outside Lighting,Outside Shower,Smoke Detector(s),Storage Shed,Sun Deck,Boat Dock,Inside Laundry Room
Covered Deck Size: 633 sq. ft
HOA Contact Name: none
Primary Residence: No
HOA Contact Info: none

Rental Income

Estimated Annual Rental Income: $95,000.00
Rental Performance: 0.0613
Gross Income YTD Amt: $NaN
Owner Rental Income 2026 Amount: $NaN
Avertised Income 2026 Amount: $NaN
Owner Rental Income 2025 Amount: $NaN
Avertised Income 2025 Amount: $NaN
Owner Rental Income 2024 Amount: $NaN
Avertised Income 2024 Amount: $NaN
Owner Rental Income 2023 Amount: $NaN
Avertised Income 2023 Amount: $NaN
Owner Rental Income 2022 Amount: $NaN
Avertised Income 2021 Amount: $NaN
Owner Rental Income 2021 Amount: $NaN
Avertised Income 2021 Amount: $NaN

Listing Agent Remarks

A rare opportunity for the luxury client looking for a private waterfront location, truly one of a kind on Ocracoke! This premier property is set on the original location of the Old Pamlico Inn site, 2 historic round cisterns are still on the property. Over 22,000 sq. ft. of beautiful, park like waterfront property with 155 linear feet of Pamlico Sound frontage. In addition to the beautiful 5 bedroom/2.5 bath home currently located on the property, there are permits in place for an additional 3 bedroom home on this exclusive property. For the avid boater, this property conveys with a 151' dock within minutes of Ocracoke inlet. At the end of the dock there is a large decked area with benches (convert to tables) and chairs to enjoy all the splendor of a waterfront location. Relax and cast a line for your catch of the day! Built on the side of the deck, is a set of steps to make accessing your boat or kayak easier. Views of Springer's Point Nature Preserve, Portsmouth Island and spectacular sunsets. This well maintained cedar shake 5 bedroom home, aptly named "The Old Pamlico Inn Site", was built for weathering storms. This sturdy home has spacious rooms, a first floor owner's suite, central air/heat, large cooks kitchen, utility room with shelving, wood floors in the kitchen, dining and living room, custom built-in shelving, ceiling fans, beautiful wood walls (downstairs), plantation shutters throughout and plenty of closet space. Rock your cares away on the large "L" shaped covered porch facing the sound or relax in the summer breeze on the porch hammock. After a long day on the water or beach there is a large outdoor shower to rinse off, a concrete pad underneath the home for family BBQ's, a park style grill, a 9' x 21.5' workshop is a perfect place to store your water sports equipment and a huge grassed yard for family activities. Great rental history! Draft subdivision plat available for property on request, conforms to all Ocracoke Development Ordinance requirements. *** If interested, the possibility exists for the Seller to offer the home separate from the extra building lot for 1.25M, please ask Agent for details!***

Directions

From Hwy 12 S turn left on Lighthouse Rd., continue all the way to the end, there will be a sign at the end of a driveway on the right. The driveway leads to the subject property.

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 516 Lighthouse Road in Ocracoke is provided courtesy of Village Realty Holdings dba Ocracoke Island 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 516 Lighthouse Road in Ocracoke is no longer available for sale.

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