NOT LISTED FOR SALE

187 Cottage Cove Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $3,638,000 - $6,520,000

10 Beds
13 Baths
7,493 Sq Ft
$702/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $5,000,000 $667 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $30,415/month

Highlights

  • Beach Front
  • Home Theater
  • Sauna
  • Ocean View
  • Cabana
  • Second Refrigerator

About This Home

As of May 2021

This truly spectacular Pine Island oceanfront will simply take your breath away!! With sweeping ocean and sound views, this home has everything you would ever want or need in a luxury beach retreat! Located on a quiet cul-de-sac, you will enjoy the private and very quiet beaches, right outside your back door. Built by Olin Finch with amazing attention to detail in every feature, this property will be sure to please even the most discerning buyer. Boasting ten spacious master bedroom suites with an ideal layout from top to bottom. These owners have meticulously cared for this very special and unique property so there is not a thing you have to do but enjoy it! You can even take in the fantastic ocean views from the custom mid-level pool, complete with an outdoor fireplace built in! The outdoor oasis is the perfect place for everyone to soak up the sun and relax on the beach! Poolside covered outdoor kitchen with three large grills, fridge, icemaker and outdoor TV, outdoor speakers, and a ten-person hot tub. The elevated pool even has a swim up bar, baby pool, and lighting features for nighttime swims! There is even a putting green and bocce court are available to enjoy in the yard. This incredible home offers so many perfect outdoor lounge areas, you can watch the sunrise over the ocean and enjoy those gorgeous Outer Banks sunsets overlooking the sound. Two screened in porches (one on the sound and one on the ocean). The top level is where you can gather large groups together for meals and entertaining with a huge custom gourmet kitchen with top-quality stainless-steel appliances (Viking gas range), ice maker, three ovens, two dishwashers, two smart refrigerators, warming drawers, appetizer sink, teak coffee bar, granite countertops, and plenty of seating at the two large dining tables and bar top seating at kitchen counter. Gas fireplace in the living area for those cozy, cool evenings and a wet bar with wine cooler so you don’t have far for a beverage while you watch a movie or game on the large living room TV. Every room in this house is simply amazing and beautifully decorated. The spectacular top floor master bedroom is truly unique, with ocean to sound views and a gas fireplace. When the sliding doors between the bedroom and bathroom are open, there are ocean views from the large, tiled shower with multiple showerheads. Have a restorative soak in the whirlpool tub after relaxing in the private sauna. Powder room located off living area. The middle level has a rec room with pool table also includes comfortable seating, a TV, and a wet bar with a full-size refrigerator. The screened porch is located just off the rec room. A half bathroom is nearby for convenience. All the five bedrooms on the middle level is a master, each with a private bathroom. Each bathroom features a beautiful upscale tiled shower, some with multiple sprayers. The lower level also includes bedrooms and entertainment areas. Each of the four bedrooms on this level is a master, with a private bathroom with a tiled shower. One of the luxurious master bathrooms features multiple showerheads and sprayers, a rain shower, and whirlpool bathtub. Take family movie night to the next level in the large theatre room. Sink into one of the 16 leather recliners in the state-of-the-art theater. A wet bar with a full-size refrigerator is located just outside of the theatre room for convenience. The laundry room and a half bathroom complete the lower level’s interior. Step outside of the lower level to play ping pong or checkers on the lower-level deck. This luxurious and stunningly beautiful home has everything and more!!!

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 04/06/2021

Landmark Sotheby's International Realty

Co-Listed By

Crystal Swain

Twiddy and Company - Corolla License #321765

Last Buyer's Agent

John Myers

Twiddy and Co. - Duck License #69112

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,333

Year Built

  • Built in 2014

Lot Details

  • Beach Front
  • Cul-De-Sac
  • Landscaped
  • Level Lot

HOA Fees

  • $251 Monthly HOA Fees

Parking

  • Paved Parking

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Interior Spaces

  • 7,493 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Loft
  • Game Room
  • Sauna
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Patio
  • Tiki or Chickee Hut

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 228

Community Details

Overview

  • Melissa Siems Association, Phone Number (252) 261-1224
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,333

Year Built

Built in 2014

Lot Details

0

HOA Fees

$251 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Craftsman, Coastal
  • Directions: Heading north from Duck on Rt 12 take a right onto Cottage Cove in Pine Island. Follow the road to the end of the cul-de-sac and the house will be on the right side.
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub, Landscaped, Outside Shower, Patio, Sauna, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry
  • Headline: SPECTACULAR LUXURY OCEANFRONT!
  • Heated Sq Ft: 7493
  • L V T Date: 04/06/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 183
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • 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: 10
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Game Room, Loft, Home Theater
  • Partial Bathrooms: 3

Exterior Features

  • Construction: Frame, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 3010
  • Hoa Contact: Melissa Siems
  • HOA Contact: 252-261-1224

Lot Info

  • Lot Description: Beach Frontage, Cul-de-sac, Level
  • Lot Number: Lot 228
  • Deed Book: 1078

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Ain't Misbehavin'
  • Rental Cottage Number: E 228
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 2014

Tax Info

  • Year: 2020
  • Taxes: 12333.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 7, 2021
Sold by
Cottage Cove 187 Llc
Bought by
Sunshine Days 187 Llc
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
John Myers
Twiddy and Co. - Duck
List Price
$5,000,000
Sold Price
$5,000,000
Current Estimated Value
$5,258,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,918
Avg. Annual Appreciation
1.18%

Purchase Details

Closed on
Dec 9, 2008
Sold by
Mullen Joseph J and Mullen Eleanor Lee
Bought by
Cottage Cove 187 Llc

Purchase Details

Closed on
Jun 7, 2007
Sold by
Peierce Edgar F and Pierce Regina H
Bought by
Mullen Joseph J and Mullen Eleanor Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 8, 2006
Sold by
Christopehr Thomas A and Christopehr Dale E
Bought by
Mullen Joseph J and Mullern Eleanor Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving
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
Sunshine Days 187 Llc $5,000,000 None Available
Cottage Cove 187 Llc -- None Available
Mullen Joseph J $1,577,500 None Available
Mullen Joseph J $2,950,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mullen Joseph J $300,564
Previous Owner Cottage Cove 187 Llc $2,649,230
Previous Owner Mullen Joseph J $650,000
Previous Owner Muller Joseph J $250,000
Previous Owner Mullen Joseph J $2,360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $5,000,000 0.0% $667 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $5,000,000 -- $667 / 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 $18,775 $2,562,200 $1,498,000 $1,064,200
2023 $16,599 $2,551,800 $1,498,000 $1,053,800
2022 $13,719 $2,551,800 $1,498,000 $1,053,800
2021 $13,704 $2,224,500 $1,287,300 $937,200
2020 $12,333 $2,224,500 $1,287,300 $937,200
2019 $12,308 $2,224,500 $1,287,300 $937,200
2018 $12,308 $2,224,500 $1,287,300 $937,200
2017 $11,153 $2,224,500 $1,287,300 $937,200
2016 $10,928 $2,224,500 $1,287,300 $937,200
2015 $9,264 $2,131,200 $1,287,300 $843,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113735

Outer Banks Association of REALTORS®

APN: 127C-000-0228-0000