Listing Details For 1047 Corolla Drive in Corolla

Closing Price:
$1,349,000
1047 Corolla Drive, Corolla, NC 27927
8 bd
5 ba
0 sq ft
MLS #: 127133
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,137,700.00
Closing Date: 12/20/2024
Contract Date: 11/14/2024
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 42
Due Diligence Date: 12/18/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 42
Cumulative Days On Market: 42
Listing Price: $1,349,000
Original Listing Price: $1,349,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/20/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4333
Total Living Area Sq Ft: 4333
Asking Price Per SqFt: $311.00
BedroomsTotal: 8
Bathrooms Full: 5
Bathrooms Partial: 2
Year Built: 2005
Architectural Style: Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Heat Pump
Room Type: Foyer, Game Room, Office, Pantry
Flooring: Carpet, Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Whalehead Club
Deed Book: 1572
Deed Book Page Number: 337
County Pin Number: 115A00000500005
Price Change: 12/19/2024
Road Surface: Paved, Public

Lot Details

Lot Features: Level, Wooded
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2024
Annual Property Taxes: $5,805.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 12/20/2024
Estimated Annual Fee Amt: $55.00
Sewer: Septic Tank
Association Fee Yes or No: Voluntary - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Common Laundry Area,Covered Decks,Jet Tub,Outside Lighting,Outside Shower,Sun Deck,Tiki Bar,Roof Top Deck,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Whalehead Property Owners Asso
Primary Residence: No
HOA Contact Info: https://wpoa.org/

Rental Income

Annual Rental Income: 121065
Rental Performance: 0.1064
Owner Rental Income 2024 Amount: 99547
Avertised Income 2024 Amount: 108531
Owner Renatl Income 2023 Amount: 103517
Avertised Income 2023 Amount: 112941
Owner Renatl Income 2022 Amount: 101046
Avertised Income 2021 Amount: 91920

Listing Agent Remarks

OVER $100,000 GROSS REVENUES for FIVE CONSECUTIVE YEARS! "Stella Maris of Corolla," a true star of the sea, is affectionately given this name by the owners who have thoroughly loved the rewards of family visits and exceptional investment performance through ownership of this lovely home. Sadly, ages and stages of life call them to move on to the next chapters ahead. Centrally located in the Whalehead community, just a 4-MINUTE WALK STRAIGHT TO THE OCEANFRONT, nestled amid mature trees on a one-half-acre private lot, this expansive 8 bedroom, 5 bath home offers over 4300 sq ft of living space, perfect for gracious gatherings with family and friends. The top floor features a spacious open floor plan with a private ENSUITE and WRAPAROUND DECKS OVERLOOKING A MASSIVE PRIVATE POOL. Capture a VIEW OF THE OCEAN and enjoy SUNRISES OVER THE ATLANTIC or RELAX with an enchanting evening of stargazing from the rooftop ship’s watch deck. The second floor offers an office, TWO ensuites, and TWO additional bedrooms that share a bathroom. The ground floor boasts THREE bedrooms, entertainment areas, and a spacious rec room with a pool table, sitting area, and kitchenette that includes a full-size refrigerator and icemaker. Outside, a playground of fun awaits with a large private pool and Tiki Bar, sand volleyball court and horseshoes, basketball goal, and hot tub. Conveniently located near the Historic Corolla Village and Park, guests can easily WALK OR BIKE to explore the charming village and its historic sites. The iconic Currituck Lighthouse is also nearby, offering breathtaking views of the coast. Don't forget to visit the Corolla Wild Horses, a unique and enchanting sight that adds to the allure of this coastal retreat. With wide hallways and gracious stairways, this home warmly welcomes large groups or gently embraces you for a quiet visit with single-floor living. Don’t miss this opportunity to invest in an exquisite property, a true star of the sea, "Stella Maris"! Please see the associated documents for the stellar rental performance.

Directions

From NC12 east on Shad Street, south on Corolla Drive to 1047 Corolla Dr, house on the east (left) just past Sturgeon Beach Access. From NC12 east on Bonita St, north on Corolla Drive to 1047 Corolla Dr, house on the east (right) next to Sturgeon Beach Access.

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 1047 Corolla Drive in Corolla is provided courtesy of Twiddy and Co. - Duck C: 252-333-5310. 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 1047 Corolla 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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