NOT LISTED FOR SALE

1029 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,170,000 - $2,779,000

6 Beds
6.5 Baths
4,583 Sq Ft
$556/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $2,125,000 $464 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,641/month

18 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • 0.8 Acre Lot
  • Ocean View
  • Concrete Pool
  • Second Refrigerator

About This Home

As of June 2021

This ocean front home has it all. High elevation (X flood zone) for panoramic ocean views, five master suites, theatre room, elevator, extra storage, heated pool and plenty of room for all to enjoy. Enjoy the rec room on the ground floor with wet bar and easy access to the pool and ocean walkway. Take the elevator to the top floor and spread out in the expansive living/dining/kitchen area with hardwood flooring throughout. The Master bedroom suite located on the top floor with private oceanfront deck and cozy gas fireplace. An office/den on the mid level lets you be connected to your personal chores. A relaxing front porch, covered deck and sun deck allow for additional quiet space. Recent improvements include brand new roof installation with a "Fortified Roof" designation that allows for reduction in insurance premiums. New LVT flooring on the ground floor and new carpeting in mid level. New electronics. New LED ceiling lighting in the great room. A piece of paradise at the beach.

Last Agent to Sell the Property

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 05/13/2021

Last Buyer's Agent

Raju Uppalapati

Outer Banks Realty Group License #187530

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,355

Year Built

  • Built in 1998

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 100x350
  • Beach Front
  • 100 Feet of Waterfront
  • Fenced Yard
  • Landscaped
  • Irregular Lot

Home Design

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

Interior Spaces

  • 4,583 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Home Theater
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot #11

Community Details

Overview

  • Property has a Home Owners Association
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,355

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Hwy 12 North to Corolla. Turn right onto Bonita and go straight to ocean. Turn left on Lighthouse Drive. House near end on right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Whalehead
  • Headline: CLASSIC OCEAN FRONT HOME
  • Heated Sq Ft: 4583
  • L V T Date: 05/13/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 171180
  • Advertised Income 2021: 170975
  • Deed Book Pg Number: 377
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • 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, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood, Vinyl Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Office, Pantry, Utility Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply

Lot Info

  • Estimated Lot Sq Ft: 35000
  • Lot Description: Beach Frontage, Irregular Terrain, Water Frontage
  • Lot Faces: E
  • Lot Size: 100x350
  • Lot Number: Lot #11
  • Estimated Lot Size: 0.80
  • Deed Book: 1332

Rental Info

  • Flood Expenses: 707
  • Lease Terms: Weekly
  • Poolspa Expense: 3225
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Hakuna Matata 1
  • Rental Cottage Number: J11029
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sun
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 4668
  • Annual Water Expense: 1474
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2020
  • Taxes: 9355

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2023
Sold by
Abadian Yasmin and Abadian James Edward
Bought by
Chester Trust
Current Estimated Value
$2,548,869

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 21, 2021
Sold by
Gunther Charles F and Gunther Candice
Bought by
Miller Timothy S and Miller Linette C
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$2,200,000
Sold Price
$2,125,000
Premium/Discount to List
-$75,000
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%

Purchase Details

Closed on
Jun 1, 2015
Sold by
Gunther Michele S
Bought by
Gunther Charles F

Purchase Details

Closed on
Sep 12, 2005
Sold by
King Jeffrey H and King Jeffry H
Bought by
Gunther Charles F and Gunther Michele S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.44%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Chester Trust -- None Listed On Document
Miller Timothy S $2,125,000 None Available
Miller Timothy S $12,750,000 None Listed On Document
Gunther Charles F -- Attorney
Gunther Charles F $3,050,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gunther Charles F $540,000
Previous Owner Gunther Charles F $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $2,125,000 -3.4% $464 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $2,200,000 -- $480 / 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
2025 $15,906 $1,854,400 $1,094,800 $759,600
2024 $13,419 $1,565,700 $1,094,800 $470,900
2023 $12,132 $1,565,700 $1,094,800 $470,900
2022 $11,306 $1,565,700 $1,094,800 $470,900
2021 $11,308 $1,264,900 $833,000 $431,900
2020 $9,355 $1,264,900 $833,000 $431,900
2019 $9,340 $1,264,900 $833,000 $431,900
2018 $0 $1,264,900 $833,000 $431,900
2017 $8,677 $1,264,900 $833,000 $431,900
2016 $8,808 $1,264,900 $833,000 $431,900
2015 -- $1,264,900 $833,000 $431,900
Source: Public Records

Agents Affiliated with this Home

  • Ronald Barrett

    Seller's Agent in 2021

    Ronald Barrett

    Brindley Beach Vacations & Sales - Cor

    (252) 202-8999

    35 in this area

    40 Total Sales

    Ronald Barrett
    Section Image
  • Raju Uppalapati

    Buyer's Agent in 2021

    Raju Uppalapati

    Outer Banks Realty Group

    (252) 305-0707

    61 in this area

    80 Total Sales

    Raju Uppalapati
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114365

Outer Banks Association of REALTORS®

APN: 115A-000-0011-0005

North Carolina Currituck County Corolla 27927

1029 Lighthouse Dr, Corolla, NC

Not Listed for Sale

Detached

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