NOT LISTED FOR SALE

179 Cottage Cove Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $3,145,000 - $3,651,167

7 Beds
9 Baths
6,192 Sq Ft
$545/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $2,850,000 $460 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $19,967/month

163 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • Outdoor Pool
  • Furnished

About This Home

As of March 2022

Consistent Rental Machine - Over 222K booked for 2022 already. This home is a true and rare beauty, located in the quaint coastal community of Pine Island in Corolla. It features unparalleled, full views of the Atlantic Ocean as well as the sound overlooking the Pine Island Audubon Sanctuary. It offers you privacy, quiet, empty beaches, and both sunrise and sunset views. This house was designed by an artist following a contemporary California style with Mediterranean accents in a relaxing array of hues. It has been annually updated by a top Outer Banks designer. The top floor features a breathtaking open layout, surrounded by floor-to-ceiling windows, a huge great room with multiple seating areas and a gas fireplace, and a private office room. It includes a beautiful dining area with breathtaking sound views and a well-equipped chef’s kitchen, which includes granite countertops, two dishwashers, and a six-burner Jenn-Air stove. The king master bedroom has a large en-suite bathroom with a walk-in closet. On the mid-floor, you will find four master suites with en-suite bathrooms and deck access. The rooms on this floor overlook the Atlantic Ocean to the east and salt marshes and sound to the west. Additionally, there is a comfortable den/entertainment space with ocean views on this floor, perfect for relaxing with family and friends. Lastly, the ground level offers another master suite featuring an en-suite bathroom with a wheelchair accessible shower, a bunk bedroom with an en-suite bathroom, and a game room complete with a pool table, a kitchenette, a laundry room, a garage, and access to the gated pool and hot tub with an outdoor shower, a play area, and outdoor seating. This home features an elevator available on all floors for convenience to easily transport luggage and groceries. The sellers are the original owners. The most recent updates include a kitchen island granite top and cooktop, all kitchen supplies including glassware and flatware, front door, front stairs and risers, pool re-plastered and hot tub replaced, landscaping, extended parking space, latest Anderson windows, and roof.

Last Agent to Sell the Property

Raju Uppalapati

Outer Banks Realty Group License #187530 Listed on: 07/21/2021

Co-Listed By

Iryna Snyder

Outer Banks Realty Group License #313743

Last Buyer's Agent

Jeanne-Marie DeStefano

Keller Williams - Outer Banks License #282161

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,589

Year Built

  • Built in 1999

Lot Details

  • Beach Front

HOA Fees

  • $255 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 6,192 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Spa

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 232

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, tennis courts
  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,589

Year Built

Built in 1999

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Class: RESIDENTIAL
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Elevator, Hot Tub
  • Flood Zone: X
  • Headline: Over 222K Booked 2022
  • Heated Sq Ft: 6192
  • L V T Date: 07/21/2021
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 194931
  • Advertised Income 2021: 229665
  • Advertised Income 2022: 222565
  • Deed Book Pg Number: 131
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • 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 Refrigerator
  • Bedrooms: 7
  • Foundation: Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Partial Bathrooms: 2

Exterior Features

  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3065
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Lot Description: Beach Frontage
  • Lot Number: Lot 232
  • Deed Book: 611

Rental Info

  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Moonlight Reflection
  • Rental Cottage Number: E232
  • Rental Turnover Day: Sunday
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 888-710-2120

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2020
  • Taxes: 10588.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Mar 1, 2022
Sold by
Dougherty Jack R and Dougherty Yuk L
Bought by
Taylor Jeffrey Lane and Taylor Lynn Carringer
Seller's Agent
Raju Uppalapati
Outer Banks Realty Group
Buyer's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
List Price
$3,399,900
Sold Price
$2,850,000
Premium/Discount to List
-$549,900
-16.17%
Current Estimated Value
$3,376,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,292
Avg. Annual Appreciation
5.00%
Original Mortgage
$1,815,000
Outstanding Balance
$1,694,474
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$1,681,818

Purchase Details

Closed on
Sep 20, 2002
Bought by
Dougherty Jack R and Dougherty Yuk Lin L
Source: Public Records

Range of Values:

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Average Value
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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
Taylor Jeffrey Lane $17,100,000 Hobbs Robert B
Dougherty Jack R $1,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Jeffrey Lane $1,815,000
Previous Owner Dougherty Jack R $750,000
Previous Owner Dougherty Jack $1,388,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $2,850,000 -10.9% $460 / Sq Ft
12/31/2021 12/31/21 Pending -- -- --
08/31/2021 08/31/21 Price Changed $3,199,900 -5.9% $517 / Sq Ft
07/21/2021 07/21/21 For Sale $3,399,900 -- $549 / 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
2024 $15,778 $2,154,100 $1,491,600 $662,500
2023 $15,778 $2,154,100 $1,491,600 $662,500
2022 $11,608 $2,154,100 $1,491,600 $662,500
2021 $11,593 $1,912,300 $1,281,800 $630,500
2020 $10,589 $1,912,300 $1,281,800 $630,500
2019 $10,572 $1,912,300 $1,281,800 $630,500
2018 $10,572 $1,912,300 $1,281,800 $630,500
2017 $9,595 $1,912,300 $1,281,800 $630,500
2016 $9,595 $1,912,300 $1,281,800 $630,500
2015 $9,595 $1,912,300 $1,281,800 $630,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115329

Outer Banks Association of REALTORS®

APN: 127C-000-0232-0000