NOT LISTED FOR SALE

111 Lucas Cove Oak Island, NC 28465

Estimated Value: $1,092,000 - $1,406,000

3 Beds
3 Baths
1,761 Sq Ft
$750/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $1,425,000 $809 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $7,381/month

41 Days on Market

Highlights

  • Boat Dock
  • Boat Lift
  • Deep Water Access
  • Southport Elementary School Rated 9+
  • Boat Slip
  • Intracoastal View

About This Home

As of July 2023

Welcome to your tropical paradise dream home. This luxury custom home comes with its own deep-water boat slip and boat lift. Premium craftsmanship and materials include solid hardwood floors, custom tile, Calcutta Laza Quartz countertops, marble backsplash, interior elevator, gas fireplace, stainless steel Viking appliances, hand hewn mantle, custom crown molding, oversized garage with lifts, fiber cement siding, and metal roof. Walk to the beach and enjoy views of the Atlantic Ocean via SE 63rd St. The location is ideal as grocery stores, restaurants, ice cream shops, and retail stores are within walking distance. The chef's kitchen is exquisite and the open floor plan allows for endless water and marsh views of the Intracoastal Waterway. Your family and friends will appreciate the attention to detail this home offers. Guests are welcome with three bedrooms and three full bathrooms. There's even an office for additional flex space. Watch the spacious master bedroom transform into your own personal oasis with remote control window shades and automatic lights in the closet. The owners spared no expense on the ground level. Reinforced concrete floors support a 6,000 lb lift and there's room for a second lift. The 4 car garage is supplied with 400 amp electric service and is already insulated and drywalled. The exterior is equally impressive. Covered front and rear porches highlight water views and sunrises/sunsets. Enjoy coastal breezes while relaxing in Adirondack chairs on the raised stone patio and circle fire pit. Several varieties of palm trees, banana trees and a fig tree dot the landscape and maintenance is a breeze with a 9-zone irrigation system. The kayak/paddleboard dock in the backyard provides convenient access to the Intracoastal Waterway. Lucas Cove is a premier waterfront community and this home is one of its finest. Schedule an appointment today to experience luxury coastal living.

Last Agent to Sell the Property

Neil Casstevens

Lynda Haraway Group, Inc. License #153048 Listed on: 05/12/2023

Last Buyer's Agent

Kim Anderson

Art Skipper Realty Inc. License #142880

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,430

Year Built

  • Built in 2020

Lot Details

  • 10,062 Sq Ft Lot
  • Lot Dimensions are 59 x 156 x 60 x 204
  • Property fronts a marsh
  • Property fronts a private road
  • Street terminates at a dead end
  • Irrigation
  • Property is zoned R6

HOA Fees

  • $146 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,761 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Furnished
  • Bar Fridge
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Intracoastal Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 4 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deep Water Access
  • Bulkhead
  • Boat Lift
  • Boat Slip
  • Deck
  • Covered Patio or Porch

Schools

  • Southport Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Tankless Water Heater
  • Water Softener
  • Fuel Tank

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 236pp010

Community Details

Overview

  • Lucas Cove Owners Association, Phone Number (678) 634-1348
  • The Village At Lucas Cove Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Community Boat Slip

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,430

Year Built

Built in 2020

Lot Details

0

HOA Fees

$146 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 2020
  • Road Frontage Type: ICW Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Tile, Wood
  • Heated Sq Ft: 1600 - 1799
  • Interior Amenities: 1st Floor Master, 9Ft+ Ceilings, Blinds/Shades, Ceiling Fan(s), Elevator, Foyer, Furnished, Gas Logs, Kitchen Island, Solid Surface, Walk-in Shower, Walk-In Closet
  • Laundry Location: Closet
  • List Price per Sq Ft: 843.27
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Sq Ft Heated: 1761.00
  • Total Heated Primary Separate Sq Ft: 1761.00

Exterior Features

  • Exterior Features: DP50 Windows, Irrigation System, Outdoor Shower
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Deck, Patio, Porch
  • Road Type Frontage: Maintained, Paved, Private
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 4.00
  • Total Garage Spaces: 4.00
  • Parking Driveway: Concrete, Off Street

Utilities

  • Appliances Equipment: Bar Refrigerator, Cooktop - Gas, Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Stove/Oven - Gas, Vent Hood, Washer, Water Softener
  • Cooling System: Central
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Tankless
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Dock, Boat Slip - Assign, Maint - Comm Areas, Maint - Grounds, Maint - Roads, Sidewalk, Street Lights
  • HOAAssociationFee1Year: 1750.00
  • HOAAssociationName: Lucas Cove Owners Association
  • HOAAssociationPhone: 6786341348

Lot Info

  • Deed Page: 837.00
  • Lot Acres: 0.23
  • Lot Description: Dead End
  • Lot Dimensions: 59 x 156 x 60 x 204
  • Lot Number: 10
  • Lot Sq Ft: 10062.00
  • Lot Water Features: Boat Dock, Boat Lift, Boat Slip, Bulkhead, Water Access Comm, Water Depth 4+, Waterfront Comm
  • Zoning: R6
  • Lot View Type: ICW View, Marsh View, Water View

Green Features

  • Green Bldg Features: Tankless Water Heater

Tax Info

  • Tax Identifier: 236pp010
  • Tax Year: 2022
  • Total City Real Estate Property Tax: 1870.85
  • Total Real Estate Property Taxes: 4430.36

MLS Schools

  • Elementary School: Southport
  • High School: South Brunswick
  • Middle School: South Brunswick

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Jul 13, 2023
Sold by
Bavaro Michael Joseph and Bavaro Margaret Anne
Bought by
Loisel Heather
Seller's Agent
Neil Casstevens
Lynda Haraway Group, Inc.
Buyer's Agent
Kim Anderson
Art Skipper Realty Inc.
List Price
$1,485,000
Sold Price
$1,425,000
Premium/Discount to List
-$60,000
-4.04%
Views
103
Current Estimated Value
$1,320,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$104,925
Avg. Annual Appreciation
-3.28%

Purchase Details

Closed on
Dec 22, 2020
Sold by
C & D Homes Llc
Bought by
Bavaro Michael Joseph and Bavaro Margaret Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Loisel Heather $1,425,000 None Listed On Document
Bavaro Michael Joseph $786,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bavaro Michael Joseph $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $1,425,000 -4.0% $809 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $1,485,000 -- $843 / Sq Ft
Source: Hive MLS

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 -- $970,950 $350,000 $620,950
2024 $3,909 $970,950 $350,000 $620,950
2023 $2,560 $970,950 $350,000 $620,950
2022 $2,560 $453,240 $125,000 $328,240
2021 $2,530 $453,240 $125,000 $328,240
2020 $669 $125,000 $125,000 $0
2019 $669 $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100384303

Hive MLS

APN: 236PP010