NOT LISTED FOR SALE

1016 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,889,000 - $2,099,000

8 Beds
8.5 Baths
5,321 Sq Ft
$375/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $1,550,000 $291 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,192/month

65 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean Front
  • Cabana
  • Coastal Architecture

About This Home

As of May 2021

Amazing ocean views await the new owners of this large 8-bedroom, 8.5 bath semi-oceanfront home in Whalehead. Quality built with large gatherings in mind, the property features over 5300 Sq Ft of heated living space. Cathedral ceilings, an open flow reverse floor plan with top level en suite bedroom, and multiple gathering spaces make “Sea Monster” a favorite with vacationers. Added features such as granite counters, custom tilework, hardwood flooring, a screened porch, elevator, midlevel with 4 more en suite bedrooms and a bonus media/family room, and a ground level with 3 more en suite bedrooms and rec room with kitchenette, are just a few of the appealing interior features. Extensive decking offers ocean views from the east elevation and views of the 33’x12’ pool & hot tub and volleyball court from the west elevation. The pool area even has an outdoor wet bar where guests can relax in the shade of the Cabana. If your buyers are looking for a rental investment boasting quality touches, ample square footage, an intelligent floorplan, and amazing views… this is it. Located on a large lot in an X flood zone and close to the beach access make this property the one to see!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 01/28/2021

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Heather McLay

OBX Homes License #188982

OBX Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,872

Year Built

  • Built in 2005

Lot Details

  • 0.46 Acre Lot
  • Ocean Front
  • Fenced Yard
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 5,321 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector
  • Washer

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 21

Community Details

Overview

  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,872

Year Built

Built in 2005

Lot Details

0.46 Acres

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Ocean Trail to right onto Bonito, to left onto Lighthouse
  • Extras: Cabana, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Amazing Ocean Views
  • Heated Sq Ft: 5321
  • L V T Date: 01/28/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 6
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: res
  • Advertised Income 2020: 132146
  • Advertised Income 2021: 152584
  • Deed Book Pg Number: 164
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Bedroom 1: 17x12.5, On Level: 2
  • Bedroom 2: 14x13, On Level: 1
  • Bedroom 3: 12x12.5, On Level: 1
  • Bedroom 4: 12x12, On Level: 1
  • Bedroom 5: 15x13, On Level: 1
  • Bedroom 6: 13x13, On Level: Ground
  • Bedroom 7: 12x12.5, On Level: Ground
  • Bedroom 8: 14.5x12.5, On Level: Ground
  • Kitchen: On Level: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Slab, Short Pilings
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Dining Room: On Level: 2
  • Family Room: On Level: 2
  • Game Room: On Level: Ground
  • Living Room: On Level: 2
  • Optional Room 2: On Level: 1
  • Optional Rooms: Foyer, Game Room, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Number: Lot 21
  • Estimated Lot Size: 0.46
  • Deed Book: 886

Rental Info

  • Est Annual Rental Income: 152584
  • Estimated Rental Performance: 0.0984
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Sea Monster
  • Rental Cottage Number: WH-255
  • Rental Turnover Day: Sunday
  • Rental Contact Email: AlyssaM@vrobx.com
  • Rental Contact Name: Alyssa McDonald
  • Rental Contact Phone: 480-4751

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2021
  • Taxes: 6872

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2022
Sold by
Cohen Stephen L and Cohen Lisa A
Bought by
Lkc Management Llc
Current Estimated Value
$1,997,965

Purchase Details

Listed on
Jan 28, 2021
Closed on
May 19, 2021
Sold by
Chovan James P
Bought by
Cohen Stephen L and Kitterman Lisa A
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Heather McLay
OBX Homes
List Price
$1,649,000
Sold Price
$1,550,000
Premium/Discount to List
-$99,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$1,162,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2005
Sold by
Meltzer Stephen J and Meltzer Susan S
Bought by
Chovan James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
5.59%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Lkc Management Llc -- Rose Harrison Gilreath & Power
Cohen Stephen L $1,550,000 None Available
Chovan James P $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cohen Stephen L $1,162,500
Previous Owner Chovan James P $1,680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $1,550,000 -6.0% $291 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $1,649,000 -- $310 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $9,519 $1,075,000 $400,000 $675,000
2024 $9,519 $1,075,000 $400,000 $675,000
2023 $9,503 $1,075,000 $400,000 $675,000
2022 $8,020 $1,075,000 $400,000 $675,000
2021 $7,849 $925,600 $330,000 $595,600
2020 $6,873 $925,600 $330,000 $595,600
2019 $6,873 $925,600 $330,000 $595,600
2018 $6,884 $925,600 $330,000 $595,600
2017 $6,413 $925,600 $330,000 $595,600
2016 $6,498 $925,600 $330,000 $595,600
2015 $6,524 $925,600 $330,000 $595,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112613

Outer Banks Association of REALTORS®

APN: 115A-000-0021-0006

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