NOT LISTED FOR SALE

1459 Ocean Pearl Rd Corolla, NC 27927

Carova Beach Area

Estimated Value: $3,724,602

46 Beds
43 Baths
25,000 Sq Ft
$149/Sq Ft Est. Value

Sale Details

Date Sold: April 16, 2021

Last sale price $5,420,000 $217 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $21,625 / mo

50 Days on Market

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

Randy Jones

EXP Realty, LLC - Coastal License #187811 Listed on: 10/30/2020

EXP Realty, LLC - Coastal

Co-Listed By

Lynn Sherman

EXP Realty, LLC - Coastal License #183247

Last Buyer's Agent

Randy Jones

EXP Realty, LLC - Coastal License #187811 Listed on: 10/30/2020

EXP Realty, LLC - Coastal
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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
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,534

Year Built

Built in 2007

Lot Details

3.64 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Gazebo, Handicap Friendly, Hot Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Water Filter, Tiki Bar
  • Headline: 3 HOMES - $850K Rental Income!
  • Heated Sq Ft: 25000
  • L V T Date: 10/31/2020
  • Roads: Private, Unpaved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 410
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C32879
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 46
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 37
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Game Room, Loft, Home Theater
  • Partial Bathrooms: 6

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Vinyl, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Well

Lot Info

  • Lot Description: Beach Frontage
  • Lot Size: Total Acreage - 10.75
  • Lot Number: Lot 3B
  • Estimated Lot Size: 3.64
  • Deed Book: 771

Rental Info

  • Est Annual Rental Income: 850000
  • Estimated Rental Performance: 0.1568
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Mark Twain
  • Rental Cottage Number: R11459
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Name: Jen Kavanagh
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 2007

Tax Info

  • Year: 2020
  • Taxes: 10534.18

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Apr 15, 2021
Sold by
Bought by
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
$3,724,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,695,398
Avg. Annual Appreciation
-6.83%
Original Mortgage
$1,650,000
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2004
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Corolla, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,400 Meads Laura F
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,999,999
Closed $1,650,000
Previous Owner $1,386,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,837 $2,093,900 $363,800 $1,730,100
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

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111689

Outer Banks Association of REALTORS®

APN: 113A-000-003B-0000

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