NOT LISTED FOR SALE

Estimated Value: $2,182,000 - $2,660,000

9 Beds
12 Baths
5,760 Sq Ft
$426/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $2,775,000 $482 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $14,102/month

24 Days on Market

Highlights

  • Ocean Front
  • Cabana
  • Sauna
  • Home Theater
  • Rooftop Deck
  • Second Refrigerator

About This Home

As of November 2023

This semi-oceanfront vacation rental property is a luxurious haven that provides a perfect blend of comfort, elegance, and breathtaking views. With 9 bedrooms, ensuite bathrooms, elevator, sauna, rooftop crow's nest, theater room, game room with kitchenette, private pool & hot tub, as well as a cabana, this 5700+ square foot retreat offers the discerning buyer a turnkey opportunity to own an exquisite income-producing retreat. This stunning home showcases a stone façade that immediately captures your attention. The exterior is complemented by well-maintained landscaping, further enhancing its curb appeal. The open floor plan seamlessly blends the living, dining, and kitchen areas, creating a spacious and inviting atmosphere. Large windows and glass doors allow natural light to flood the space while offering picturesque views of the ocean. The upper level of the home is adorned with soaring ceilings, hardwood floors and stone accents adding warmth and sophistication to the living spaces. The renovated gourmet kitchen has sleek granite countertops and soft close cabinetry, offering both beauty and functionality. The abundance of counter space provides ample room for meal preparation, while the top-of-the-line appliances cater to the needs of even the most discerning chefs. Whether you're cooking for a large group or preparing a snack, this well-appointed kitchen is a culinary haven. The spacious living area serves as a gathering space for relaxation, conversation, and entertainment. A cozy stone-accented gas fireplace (perfect for those cooler evenings) adds a touch of charm and warmth. Adjacent to the living area, you'll find multiple dining spaces including a stone-accented breakfast bar and large tables that can accommodate the whole group for memorable meals. The sundeck on this level boasts mesmerizing views of the ocean. Imagine dining al fresco or sipping your morning coffee while taking in the sunrise. One of the highlights of this property is the rooftop crow's nest, offering 360° panoramic views of the ocean, sound, and coastal landscape. This exclusive space is perfect for stargazing, hosting evening gatherings, or simply enjoying the sunrise or sunset in a serene setting. The upper level features the first of the 9 well-appointed bedrooms, each boasting its own ensuite bathroom, providing privacy and comfort for every guest. Four more bedrooms are on the mid-level, along with a comfortable bonus space/ lounge area. The final 3 bedrooms and laundry are on the ground level. For entertainment and relaxation, the ground level is where you will find a sauna, the game room featuring a full kitchenette, pool table and arcade game machine, and the theater room to watch your favorite movies. This floor provides the perfect retreat for indoor fun. Step outside to the backyard oasis, where you'll find a cabana pool house with an outdoor kitchen. This area is ideal for hosting barbecues and poolside parties. Lounge by the pool, take a refreshing dip, or soak in the sun while enjoying the coastal breeze. The property offers easy access to the beach, where you can indulge in various water activities or simply relax on the sand. Corolla, known for its charming shops, restaurants, and historical sites, offers a multitude of attractions and experiences for everyone to enjoy. From the stone facade to the ocean views, elevated kitchen, hardwood floors, fireplaces, private pool/ hot tub and cabana, this turnkey vacation rental property encompasses a wealth of luxurious features. The presence of an elevator, sauna, and rooftop crow's nest 360° views further adds to the allure of this exceptional property, ensuring an indulgent, relaxing vacation getaway. With its thoughtfully designed interior spaces, luxe amenities, and captivating ocean views, this vacation retreat combines luxury and convenience with a range of impressive features offering a seamless blend of elegance, comfort, and coastal charm.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 06/14/2023

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 06/14/2023

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,573

Year Built

  • Built in 2004

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x200
  • Ocean Front
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned SFO

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 5,760 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Utility Room
  • Sauna
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Indoor Grill
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Built by O'Brien Beach Building
  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 15

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,573

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Ocean Trail north to right onto Bonita, left onto Lighthouse Dr, property will be on the left side.
  • Extras: Cabana, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Sauna, Smoke Detector(s), Sun Deck, Roof Top Deck
  • Flood Zone: X
  • Headline: Semi-Oceanfront Beauty!
  • Heated Sq Ft: 5760
  • L V T Date: 06/14/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: SFO
  • Advertised Income 2021: 200829
  • Advertised Income 2022: 160565
  • Deed Book Pg Number: 864
  • 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, Dryer, Indoor Grill, Ice Machine, Microwave, Refrigerator, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 9
  • Countertops: Granite
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Foyer, Game Room, Utility Room, Home Theater
  • Partial Bathrooms: 3

Exterior Features

  • Homebuilder: O'Brien Beach Building
  • Construction: Frame, Wood
  • Exterior: Stone, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 100x200
  • Lot Number: Lot 15
  • Estimated Lot Size: 0.46
  • Deed Book: 1678

Rental Info

  • Est Annual Rental Income: 330841
  • Estimated Rental Performance: 0.1192
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Fountain House
  • Rental Cottage Number: J21026
  • Rental Phone Number: 252-457-0489
  • Rental Turnover Day: Saturday
  • Rental Contact Email: owner@twiddy.com
  • Rental Contact Name: Shelby Hanrahan
  • Rental Contact Phone: 252-457-0489

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2022
  • Taxes: 8573

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Oct 18, 2023
Sold by
Whalehead Llc
Bought by
Tim Berwoods Llc
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$2,995,000
Sold Price
$2,775,000
Premium/Discount to List
-$220,000
-7.35%
Views
166
Current Estimated Value
$2,451,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$323,258
Avg. Annual Appreciation
-6.58%

Purchase Details

Closed on
Feb 8, 2022
Sold by
Dearman Trevor M and Dearman Ingrid B
Bought by
Whalehead Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,746
Interest Rate
3.69%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Nov 5, 2010
Sold by
Aurora Loan Services Llc
Bought by
Dearman Trevor M and Dearman Ingrid B

Purchase Details

Closed on
Sep 28, 2010
Sold by
Richardson Ernest R and Richardson Charlta H
Bought by
Aurora Loan Services Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tim Berwoods Llc $2,775,000 None Listed On Document
Tim Berwoods Llc $2,775,000 None Listed On Document
Whalehead Llc -- Innes & Innes Pllc
Dearman Trevor M $1,182,500 None Available
Aurora Loan Services Llc $1,200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whalehead Llc $735,746
Previous Owner Dearman Trevor M $700,000
Previous Owner Dearman Tre R M $350,000
Previous Owner Richardson Ernest E $1,625,000
Previous Owner Richardson Ernest E $175,000
Previous Owner Richardson Ernest E $1,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $2,775,000 -7.3% $482 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $2,995,000 -- $520 / 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 $10,163 $1,152,100 $400,000 $752,100
2023 $9,223 $1,152,100 $400,000 $752,100
2022 $8,574 $1,152,100 $400,000 $752,100
2021 $8,559 $1,008,300 $330,000 $678,300
2020 $7,642 $1,008,300 $330,000 $678,300
2019 $7,618 $1,008,300 $330,000 $678,300
2018 $7,618 $1,008,300 $330,000 $678,300
2017 $7,099 $1,008,300 $330,000 $678,300
2016 $7,151 $1,008,300 $330,000 $678,300
2015 $7,151 $1,008,300 $330,000 $678,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122521

Outer Banks Association of REALTORS®

APN: 115A-000-0015-0005