Seller's Agent in 2021
Randy Jones
EXP Realty, LLC - Coastal
(252) 202-2573
2 in this area
113 Total Sales
1459 Ocean Pearl Rd Corolla, NC 27927
Carova Beach NeighborhoodEstimated Value: $2,012,000 - $3,655,734
46
Beds
43
Baths
25,000
Sq Ft
$118/Sq Ft
Est. Value
Highlights
- Beach Front
- Home Theater
- 3.64 Acre Lot
- Ocean View
- Cabana
- Second Refrigerator
About This Home
As of April 2021"Twenty years from now you will be more disappointed by the things you didn't do rather than the ones you did" Mark Twain... This OCEANFRONT investment opportunity is one of those things that you need to do! THE THREE AUTHORS - Three truly TIMELESS homes nestled in the dunes of the 4 wheel drive area with OVER $825,000 IN RENTAL INCOME IN 2020! June, July and August of 2021 are already booked for all 3 homes! This is a fantastic opportunity to own over 10 acres on the Outer Banks. An investment like no other, The Mark Twain(18 BR), The Hemingway(14 BR) and The Fitzgerald(14 BR) offer guests an incredible vacation. QUALITY AND STYLE abound in these exquisite homes which are furnished with LUXURY AND STYLE that match their name. Known for their quality materials, gourmet kitchens with commercial quality Viking appliances, gorgeous wood floors throughout, high quality carpets, extensive use of Porcelain and Marble...especially The Mark Twain, 90% of the furniture is handmade special order SOLID WOOD. This is the perfect location for a DREAM WEDDING, a CORPORATE RETREAT or a large FAMILY REUNION! The 4 wheel drive area is a favorite among guests to the Outer Banks - an oasis where you can escape life a week at a time! Imagine where the value will go when a bridge is built. The owner has taken great care in adding a high end Reverse Osmosis "whole house" water treatment system servicing all 3 homes for bottled water quality water. It was designed to run without fail for years and is easy to maintain. Enjoy the peace and serenity of the 4 wheel drive without the extra long drive! The homes are located just about 2 miles from the access point, so very close. You also have a private access directly from the beach that services all 3 homes! The properties have an experienced maintenance man helping to care for the homes including the pools and water treatment system.
Last Agent to Sell the Property
EXP Realty, LLC - Coastal License #187811 Listed on: 10/30/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,534
Year Built
- Built in 2007
Lot Details
- 3.64 Acre Lot
- Beach Front
- Property fronts a private road
- Unpaved Streets
Property Views
- Ocean Views
- Views of a Sound
Home Design
- Coastal Architecture
- Reverse Style Home
- Frame Construction
- Asphalt Shingled Roof
- Shake Siding
- Piling Construction
Interior Spaces
- 25,000 Sq Ft Home
- Elevator
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Home Theater
- Loft
- Game Room
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Plumbed For Ice Maker
- Second Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 46 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Accessible Home Design
- Handicap Accessible
Pool
- Cabana
- Outdoor Pool
- Vinyl Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Patio
- Exterior Lighting
- Gazebo
- Tiki or Chickee Hut
Utilities
- Heat Pump System
- Water Filtration System
- Well
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot 3B
Community Details
Overview
- Ocean Beach Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2020
Closed on
Apr 9, 2021
Sold by
Pearl Beach Llc
Bought by
Dreemz 3 Vacation Proerties Llc
Seller's Agent
Randy Jones
EXP Realty, LLC - Coastal
Buyer's Agent
Randy Jones
EXP Realty, LLC - Coastal
List Price
$7,397,000
Sold Price
$5,420,000
Premium/Discount to List
-$1,977,000
-26.73%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,101,808
Avg. Annual Appreciation
-13.24%
Original Mortgage
$1,650,000
Outstanding Balance
$1,506,879
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$1,431,805
Purchase Details
Closed on
Apr 30, 2004
Bought by
Pearl Beach Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dreemz 3 Vacation Proerties Llc | $2,200,000 | None Available | |
| Pearl Beach Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dreemz 3 Vacation Proerties Llc | $1,650,000 | |
| Previous Owner | Pearl Beach Llc | $1,386,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2021 04/16/21 | Sold | $5,420,000 | -26.7% | $217 / Sq Ft |
| 12/19/2020 12/19/20 | Pending | -- | -- | -- |
| 10/30/2020 10/30/20 | For Sale | $7,397,000 | -- | $296 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $13,828 | $2,093,900 | $363,800 | $1,730,100 |
| 2023 | $13,828 | $2,093,900 | $363,800 | $1,730,100 |
| 2022 | $10,309 | $2,093,900 | $363,800 | $1,730,100 |
| 2021 | $10,261 | $2,084,200 | $500,800 | $1,583,400 |
| 2020 | $10,534 | $2,084,200 | $500,800 | $1,583,400 |
| 2019 | $10,154 | $2,084,200 | $500,800 | $1,583,400 |
| 2018 | $10,154 | $2,084,200 | $500,800 | $1,583,400 |
| 2017 | $10,118 | $2,055,000 | $500,800 | $1,554,200 |
| 2016 | $9,978 | $2,055,000 | $500,800 | $1,554,200 |
| 2015 | $9,978 | $2,055,000 | $500,800 | $1,554,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Lynn Sherman
EXP Realty, LLC - Coastal
(252) 305-0222
3 in this area
109 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 111689
APN: 113A-000-003B-0000
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