Listing Details For 1049 Lighthouse Drive in Corolla

Closing Price:
$1,699,990
1049 Lighthouse Drive, Corolla, NC 27927
7 bd
7 ba
4100 sq ft
MLS #: 106425
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,650,000.00
Closing Date: 7/16/2020
Contract Date: 6/1/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 273
Due Diligence Date: 6/30/2020

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 273
Cumulative Days On Market: 273
Listing Price: $1,699,990
Original Listing Price: $1,749,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 7/19/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4100
Asking Price Per SqFt: $415.00
Heated Living Area Sq Ft: 4100
BedroomsTotal: 7
Bathrooms Full: 7
Year Built: 1992
Garage: 2 Car,Carport
Architectural Style: Contemporary, Coastal
Sub Type: Single Family Residence
Appliances: Countertop Range, Disposal, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Walk-In Closet(s)
Heating: Central, Electric, Heat Pump
Room Type: Shipswatch
Flooring: Carpet, Ceramic Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Whalehead Club
Deed Book: 1398
Deed Book Page Number: 583
County Pin Number: 115A00000010005
Price Change: 7/18/2020
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.46
Lot Size Dimensions: 100x200
Lot Size Square Feet: 20000
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: E
Water Frontage: 100
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $9,241.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 7/19/2020
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
Exterior: Cement Fiber Board,Lap Siding
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Jet Tub,Outside Shower,Smoke Detector(s),Sun Deck
Primary Residence: No
Street Frontage : 100

Rental Income

Annual Rental Income: 198965
Rental Performance: 0.1206

Listing Agent Remarks

SEASIDE HOME WITH COASTAL CHARM in an X Flood Zone (no flood insurance required). Egret's Landing is a generous income producer with $173,210 booked in 2019; generating a 10% G.R.O.I. 2020 already has 18 weeks booked at a total of $163,640, with 6 to 7 weeks left to reserve. That's with a weekly rate increase. With sellers limiting the calendar and not allowing dogs, there's definitely room for improved income and generate closer to a 11 to 12% R.O.I. Thoughtfully re-designed and remodeled ending in May 2018. Egret's Landing is a stunning 7 bedroom (all master suites) 7 bath home with expansive ocean views and a private saltwater heated pool. The soft and clean color palette and stunning decor, create the perfect seaside back drop. Perched on a high dune with 100 ft. of ocean frontage on an uncrowded beach. Year built was 1992, but effective age is 2018. Recent upgrades to exterior include; new landscaping, new pool heater and saltwater filter system, fire pit, all new decking around pool and porches, composite handrails, brand new septic in 2018, new well-pump for landscaping and pool (keeps water bill low), and detached outdoor storage building. The interior was renovated & reconfigured starting with a brand new granite countertops, Kitchen Aid stainless steel appliances, and tile backsplash. The great room is a show stopper with a 2 story window wall capturing fantastic ocean views, new gas fireplace with stack stone face, all accented with newer classic coastal furnishings and decor. A 3 season room was added just off the great room and perfect for morning coffee or dinners seaside. The bedrooms include a paneled wainscoting, amazing ocean views from most every room, new carpet, and all bathrooms have new granite countertops, faucets, new vanities (in 4 baths), custom tile showers (in most), and all new faucets. One of the master suites has it's own sitting room with breathtaking views of the Atlantic Ocean and white sandy beaches. Most outdoor furniture is made by Carolina Casuals and Nags Head Hammocks. All upholstered furniture in living room is low maintenance Sunbrella.Rentals***** To view short property video copy and paste link below: https://www.dropbox.com/s/zxlrztap4c1m5aa/1049%20Lighthouse%20Drive-Unbranded.mp4?dl=0 To view aerial drone video copy and paste link below: https://youtu.be/M2n-otKQ1Fw

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 1049 Lighthouse Drive in Corolla is provided courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. 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 1049 Lighthouse Drive 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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