NOT LISTED FOR SALE

1071 Lighthouse Dr Corolla, NC 27927

Estimated Value: $3,234,549 - $3,591,000

9 Beds
10 Baths
6,430 Sq Ft
$525/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $3,070,000 $477 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $18,984/month

263 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 0.9 Acre Lot
  • Community Beach Access
  • Heated In Ground Pool
  • Second Refrigerator

About This Home

As of March 2022

Great New Price, Great Location, and Investment Return! Incredible oceanfront setting and SOLID NUMBERS! Enjoy the casual coastal feel of this lovely nine bedroom home set on a beautiful, oversized oceanfront homesite with a large protective dune at the northern end of popular Whalehead Beach! Easy walk to Corolla Lighthouse and the historic Whalehead Club and all the fun activities, shops and restaurants. Stellar rental income makes this a great investment and an enjoyable retreat! Over $277,000 in 2021 and projected to hit almost $300K in 2022. Thoughtfully designed and custom built, this spacious family home will comfortably accommodate large or small gatherings and offers many desirable amenities for your relaxed enjoyment. Large picture windows on the top floor living area showcase the beautiful Atlantic Ocean and fill the home with natural light. Watch the surf roll in and the dolphins play. Vaulted ceilings, custom woodwork and a gas fireplace enhance the generous open living room. An elevated ships watch is a great place to capture the gorgeous Corolla sunsets and challenge your mate to a lively game of chess. Lovely granite counters highlight the gourmet chefs kitchen that has lots of work space, a six burner gas range, dual ovens and dishwashers. The center island houses a wine cooler and ice maker and provides additional seating. You may find the adjacent sunroom, with high, tongue and groove wood ceilings and lots of windows to be a favorite cozy spot to enjoy a book or morning coffee. Wake to ocean views in the top level master suite that has a gas fireplace and luxurious bath with a large walk in tiled shower. On the mid level you will find the welcoming main entry hall opens into a generously sized den, providing a comfortable space to enjoy your family's company. Large sliders open to the mid level oceanfront covered deck where you can hide away in quiet. One of the four spacious master suites on this floor is a family suite with a king master and a private nursery. This additional room could also work as an attached office suite or an exercise room. Another master suite is handicap friendly with wide doorways and a roll in shower. Play pool or foosballl with friends in the large ground level recreation room. There is a comfortable seating area and kitchenette, which is convenient to the outdoor pool area. Four large bedrooms and a nice ground level entry complete this level, and an elevator makes for easy access to all three levels. Throughout the home you will notice the custom woodwork, 6 panel solid wood doors, and easy care tiled flooring. Outdoors you’ll enjoy the beautiful landscaping, a lush front lawn perfect for lawn games, and Oceanside sun decks that run the length of the home and provide plenty of room to enjoy the sun and ocean breeze. The 14x30 heated pool and hot tub kick off the back yard and a lighted private walkway takes you to the dune top gazebo, where you can enjoy a beach front seat in the shade!

Last Agent to Sell the Property

Lauren Nelson

Keller Williams - Outer Banks License #212651 Listed on: 04/23/2021

Keller Williams - Outer Banks

Last Buyer's Agent

Stephanie Omphalius

Outer Banks Realty Group License #325467

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,341

Year Built

  • Built in 2006

Lot Details

  • 0.9 Acre Lot
  • Beach Front
  • 100 Feet of Waterfront
  • Landscaped

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 6,430 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Sun or Florida Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Gazebo

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 3

Community Details

Overview

  • Wpoa.Org Association
  • Built by David Price North Beach Bldrs
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,341

Year Built

Built in 2006

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: At northern end of Whalehead Club. Oceanfront.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Gazebo, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: VE, X
  • Headline: Best value oceanfront!
  • Heated Sq Ft: 6430
  • L V T Date: 04/23/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 271885
  • Advertised Income 2021: 277952
  • Advertised Income 2022: 61342
  • Deed Book Pg Number: 698
  • 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, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 9
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling
  • Full Bathrooms: 8
  • 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, 1st Flr Ensuite
  • Optional Rooms: Foyer, Game Room, Sun/Florida Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: David Price North Beach Bldrs
  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Owned
  • Septic Fee: 1400
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45
  • Hoa Contact: WPOA.org
  • HOA Contact: WPOA.org
  • Home Owner Dwelling Insurance: 7998

Lot Info

  • Estimated Lot Sq Ft: 39147
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 3
  • Estimated Lot Size: 0.90
  • Deed Book: 1477

Rental Info

  • Est Annual Rental Income: 290700
  • Estimated Rental Performance: 0.0947
  • Maintenance Expenses: 5000
  • Poolspa Expense: 5000
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Seven Suns
  • Rental Cottage Number: 428
  • Rental Turnover Day: Friday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1440
  • Annual Electric: 7677
  • Annual Telephone Expense: 1200
  • Annual Water Expense: 240
  • Rental Contact Email: karol.quidley@vacasa.com
  • Rental Contact Name: Karol Quidley
  • Rental Contact Phone: 252-421-1257

Building Info

  • Year Built: 2006

Tax Info

  • Year: 2020
  • Taxes: 11341

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Mar 11, 2022
Sold by
Sto Mohan M Nadkarni Arid Andrea D Triba
Bought by
Oneill William Clark and Oneill Nancy A
Seller's Agent
Lauren Nelson
Keller Williams - Outer Banks
Buyer's Agent
Stephanie Omphalius
Outer Banks Realty Group
List Price
$3,189,000
Sold Price
$3,070,000
Premium/Discount to List
-$119,000
-3.73%
Current Estimated Value
$3,377,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,850
Avg. Annual Appreciation
2.50%
Original Mortgage
$2,456,000
Outstanding Balance
$2,284,550
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,093,300

Purchase Details

Listed on
Sep 6, 2018
Closed on
Apr 1, 2019
Sold by
Dorr Kelly Leo Kevin and Dorr Kelly Michelle
Bought by
Nadkarni Mohan M and Tribastone Andrea D
Seller's Agent
Denise Graham
Keller Williams - Outer Banks
Buyer's Agent
Lauren Nelson
Keller Williams - Outer Banks
List Price
$2,445,000
Sold Price
$2,050,000
Premium/Discount to List
-$395,000
-16.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.62%
Original Mortgage
$1,640,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 17, 2015
Sold by
Kelly Leo K and Kelly Michele D
Bought by
Kelly Leo Kevin and Leo Kevin Kelly Trust

Purchase Details

Closed on
Nov 7, 2005
Sold by
Gordon James and Gordon Mary
Bought by
Kelly Leo K and Kelly Michele D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Oneill William Clark $6,140,000 Casey & Robbins Pc
Nadkarni Mohan M $2,050,000 None Available
Kelly Leo Kevin -- Attorney
Kelly Leo K $2,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oneill William Clark $2,456,000
Previous Owner Nadkarni Mohan M $1,640,000
Previous Owner Kelly Leo K $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2022 03/16/22 Sold $3,070,000 -1.8% $477 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/02/2021 12/02/21 Price Changed $3,125,000 -2.0% $486 / Sq Ft
10/26/2021 10/26/21 For Sale $3,189,000 0.0% $496 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
08/30/2021 08/30/21 Price Changed $3,189,000 -3.0% $496 / Sq Ft
07/28/2021 07/28/21 Price Changed $3,289,000 -3.0% $512 / Sq Ft
06/26/2021 06/26/21 Price Changed $3,390,000 -1.7% $527 / Sq Ft
04/23/2021 04/23/21 For Sale $3,450,000 +68.3% $537 / Sq Ft
04/02/2019 04/02/19 Sold $2,050,000 -16.2% $319 / Sq Ft View Prior Sale
02/14/2019 02/14/19 Pending -- -- --
09/06/2018 09/06/18 For Sale $2,445,000 -- $380 / 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 $16,865 $2,010,100 $1,094,800 $915,300
2024 $16,865 $2,010,100 $1,094,800 $915,300
2023 $16,849 $2,010,100 $1,094,800 $915,300
2022 $14,498 $2,010,100 $1,094,800 $915,300
2021 $14,483 $1,535,300 $833,000 $702,300
2020 $11,341 $1,535,300 $833,000 $702,300
2019 $11,341 $1,535,300 $833,000 $702,300
2018 $11,341 $1,535,300 $833,000 $702,300
2017 $10,536 $1,535,300 $833,000 $702,300
2016 $10,638 $1,535,300 $833,000 $702,300
2015 $10,615 $1,535,300 $833,000 $702,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114028

Outer Banks Association of REALTORS®

APN: 115A-000-0003-0004