NOT LISTED FOR SALE

1011 N Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $2,253,000 - $2,691,000

8 Beds
5.5 Baths
4,641 Sq Ft
$539/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $2,400,000 $517 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $14,272/month

8 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • In Ground Pool
  • First Flight Middle School Rated A-
  • Home Theater
  • 0.6 Acre Lot

About This Home

As of May 2023

Amazing oceanfront property! Panoramic Ocean Views! One of the best oceanfront locations on the Outer Banks. Perfectly situated across from the Wright Brothers National Memorial in Kill Devil Hills. This beautiful 8 bedroom home sits on a deep oceanfront lot with a huge protective and vegetated dune and boasts one of the best beaches in the area. The home is spacious and well equipped. The large private pool is 16 X 28 and has ample pool decking with all new outdoor furniture and a hot tub. Private beach access with a brand new dune walk! This home has so many incredible features that include a private pool, hot tub, media room, recreation room with pool table and ping pong, outside shower, ample decking with ocean views, huge kitchen with granite counters, spacious living room with gas fireplace and so much more. This is a special location that is centrally located and close to so many of the areas best dining options, shopping destinations and recreational activities. It's also a top rental performer with $250,000 in gross rents for 2022! The home has been well maintained and is in great condition with many recent updates such as all new plumbing throughout the entire home in 2022, a brand new septic drain field and newer composite exterior siding. Another great feature of this property is that the original design allowed for an elevator shaft for all 3 levels. If you need elevator access, the space is already in the home making that process much easier and more affordable. The elevator shaft space is currently used as a storage closet on each level. This luxurious oceanfront property has everything you need in an Outer Banks investment property and affords a one of a kind location. The views of the Atlantic Ocean and Wright Brothers National Memorial are second to none and it should be on your short list of homes to see! Oceanfront opportunity!

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's International Realty License #194377 Listed on: 03/17/2023

Landmark Sotheby's International Realty

Last Buyer's Agent

Robert Ladd

Twiddy and Co. - Duck License #64016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,574

Year Built

  • Built in 1994

Lot Details

  • 0.6 Acre Lot
  • Ocean Front
  • Property is zoned OIR

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Siding
  • Piling Construction

Interior Spaces

  • 4,641 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block 2 / 11

Community Details

Overview

  • Kitty Hawk Shrs Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,574

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Oceanfront directly across the street from the Wright Brothers National Memorial
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Sun Deck
  • Flood Zone: X
  • Subdivision Name: Kitty Hawk Shores Revised
  • Headline: Incredible Oceanfront Property
  • Heated Sq Ft: 4641
  • L V T Date: 03/17/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: OIR
  • Advertised Income 2022: 251095
  • Deed Book Pg Number: 0443
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C20671
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve

Garage/Parking

  • Garage: Attached, 2 Car

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 1649

Lot Info

  • Estimated Lot Sq Ft: 25958
  • Lot Description: Water Frontage
  • Lot Number: Lot 2
  • Estimated Lot Size: 0.60
  • Deed Book: 2574

Rental Info

  • Flood Expenses: 697
  • Poolspa Expense: 5609
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: Horas Feliz
  • Rental Cottage Number: K1411
  • Rental Phone Number: 252-441-7166
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1992
  • Annual Electric: 6674
  • Annual Water Expense: 1879
  • Rental Contact Email: scott@beachrealtync.com
  • Rental Contact Name: Scott Quigley
  • Rental Contact Phone: 252-255-4370

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2022
  • Taxes: 11574

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
May 9, 2023
Sold by
Beveridge Karen and Beveridge Paul Alan
Bought by
Shi David
Seller's Agent
Brad Beacham
Landmark Sotheby's International Realty
Buyer's Agent
Robert Ladd
Twiddy and Co. - Duck
List Price
$2,495,000
Sold Price
$2,400,000
Premium/Discount to List
-$95,000
-3.81%
Views
26
Current Estimated Value
$2,500,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,999
Avg. Annual Appreciation
1.73%
Original Mortgage
$1,920,000
Outstanding Balance
$1,865,928
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$635,071

Purchase Details

Listed on
Nov 2, 2021
Closed on
Dec 15, 2021
Sold by
Wrb Rentals Inc
Bought by
Beveridge Karen and Beveridge Paul Alan
Seller's Agent
Michael Davenport
Sun Realty - KDH
Buyer's Agent
Brad Beacham
Landmark Sotheby's International Realty
List Price
$1,925,000
Sold Price
$1,925,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.19%
Original Mortgage
$1,186,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shi David $12,000,000 None Listed On Document
Beveridge Karen $1,925,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shi David $1,920,000
Previous Owner Beveridge Karen $1,186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $2,400,000 -3.8% $517 / Sq Ft
03/25/2023 03/25/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $2,495,000 +29.6% $538 / Sq Ft
12/15/2021 12/15/21 Sold $1,925,000 -3.3% $415 / Sq Ft
11/04/2021 11/04/21 Price Changed $1,990,000 +3.4% $429 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $1,925,000 -- $415 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,158 $1,590,900 $1,131,000 $459,900
2023 $12,136 $1,606,384 $1,131,000 $475,384
2022 $11,574 $1,606,384 $1,131,000 $475,384
2021 $11,574 $1,606,384 $1,131,000 $475,384
2020 $11,574 $1,606,384 $1,131,000 $475,384
2019 $10,786 $1,214,500 $708,700 $505,800
2018 $10,549 $1,214,500 $708,700 $505,800
2017 $10,549 $1,214,500 $708,700 $505,800
2016 $10,053 $1,214,500 $708,700 $505,800
2014 $9,682 $1,214,500 $708,700 $505,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121712

Outer Banks Association of REALTORS®

APN: 003705001