Seller's Agent in 2020
Jason Summerton
Twiddy and Company - Wash Woods
(252) 202-0105
353 in this area
390 Total Sales
1873 Ocean Pearl Rd Corolla, NC 27927
Estimated Value: $3,761,000 - $4,279,000
23
Beds
23
Baths
12,468
Sq Ft
$317/Sq Ft
Est. Value
Highlights
- Beach Front
- Home Theater
- Second Refrigerator
- Ocean View
- Cabana
- Coastal Architecture
About This Home
As of March 202010 beautiful acres of Ocean to Sound Privacy! This could be one of the most rare opportunities on the East Coast. Included within this vast acreage is a magnificent 12,000+ sqft estate with 23 bedrooms fully furnished and ready to enjoy. Currently a vacation rental and special event retreat, this home generates significant annual income repeatedly grossing between $400-500K. Remotely located in the 4x4 only beaches of Corolla, this one-of-a-kind estate incorporates Old Nags Head style architecture with modern amenities and luxury furnishings. Features include 11,000 sqft of expansive decking, dance and multimedia hall, multiple bar areas, theater room, billiards, large gourmet kitchen with separate commercial kitchen and private elevator access for staff. Enjoy panoramic views of the sea, wild horses grazing near the property in the 1300+ acre US Fish and Wildlife Preserve, or lounge by the pool. You must see this house in person to fully appreciate the size and privacy. Additional financial information available to qualified buyers. Check out the Virtual tour at https://my.matterport.com/show/?m=uc9Lz25dzYe&brand=0&utm;_source=3
Last Agent to Sell the Property
Twiddy and Company - Wash Woods License #231486 Listed on: 02/28/2018
Last Buyer's Agent
Twiddy and Company - Wash Woods License #231486 Listed on: 02/28/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,150
Year Built
- Built in 2010
Lot Details
- Beach Front
- 124 Feet of Waterfront
- Unpaved Streets
Property Views
- Ocean
- Park or Greenbelt
Home Design
- Coastal Architecture
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Shake Siding
- Piling Construction
Interior Spaces
- 12,468 Sq Ft Home
- Elevator
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Electric Fireplace
- Entrance Foyer
- Home Theater
- Game Room
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 23 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Accessible Home Design
- Handicap Accessible
Pool
- Cabana
- Heated In Ground Pool
- Gunite Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Exterior Lighting
- Tiki or Chickee Hut
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Private Water Source
- Well
- Water Softener
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot # 2
Community Details
Overview
- Swan Island Estates Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 28, 2018
Closed on
Mar 1, 2020
Sold by
Wh Acquisition Llc
Bought by
1873 Ocean Pearl Road Llc
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Jason Summerton
Twiddy and Company - Wash Woods
List Price
$2,495,000
Sold Price
$1,930,000
Premium/Discount to List
-$565,000
-22.65%
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
$2,017,520
Avg. Annual Appreciation
13.53%
Purchase Details
Listed on
Apr 28, 2014
Closed on
Apr 28, 2014
Sold by
Tillman C Brantley and Tillman Carol
Bought by
Wh Acquisition Llc and Wild Horses Ii Llc
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Jason Summerton
Twiddy and Company - Wash Woods
List Price
$3,500,000
Sold Price
$3,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.67%
Purchase Details
Closed on
Sep 15, 2009
Sold by
Tillman C Brantley and Tillman Carol B
Bought by
Stardust One Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.1%
Mortgage Type
Future Advance Clause Open End Mortgage
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 |
|---|---|---|---|
| 1873 Ocean Pearl Road Llc | $1,930,000 | None Available | |
| Wh Acquisition Llc | $3,500,000 | None Available | |
| Tillman C Brantley | -- | None Available | |
| Stardust One Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stardust One Llc | $1,800,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/04/2020 03/04/20 | Sold | $1,930,000 | 0.0% | $155 / Sq Ft | |
| 09/01/2019 09/01/19 | Off Market | $1,930,000 | -- | -- | |
| 06/01/2019 06/01/19 | For Sale | $2,495,000 | +29.3% | $200 / Sq Ft | |
| 06/01/2019 06/01/19 | Off Market | $1,930,000 | -- | -- | |
| 02/06/2019 02/06/19 | Price Changed | $2,495,000 | -10.7% | $200 / Sq Ft | |
| 01/08/2019 01/08/19 | Price Changed | $2,795,000 | -12.5% | $224 / Sq Ft | |
| 08/13/2018 08/13/18 | Price Changed | $3,195,000 | -18.0% | $256 / Sq Ft | |
| 02/28/2018 02/28/18 | For Sale | $3,895,000 | +11.3% | $312 / Sq Ft | |
| 04/29/2014 04/29/14 | Sold | $3,500,000 | 0.0% | $281 / Sq Ft | View Prior Sale |
| 04/28/2014 04/28/14 | Pending | -- | -- | -- | |
| 04/28/2014 04/28/14 | For Sale | $3,500,000 | -- | $281 / 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 | $15,420 | $2,339,100 | $399,900 | $1,939,200 |
| 2023 | $13,943 | $2,339,100 | $399,900 | $1,939,200 |
| 2022 | $11,445 | $2,339,100 | $399,900 | $1,939,200 |
| 2021 | $11,437 | $2,207,000 | $364,900 | $1,842,100 |
| 2020 | $11,186 | $2,207,000 | $364,900 | $1,842,100 |
| 2019 | $11,186 | $2,207,000 | $364,900 | $1,842,100 |
| 2018 | $11,186 | $2,207,000 | $364,900 | $1,842,100 |
| 2017 | $11,150 | $2,207,000 | $364,900 | $1,842,100 |
| 2016 | $11,194 | $2,207,000 | $364,900 | $1,842,100 |
| 2015 | -- | $2,067,300 | $364,900 | $1,702,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Summerton
-
Janice Scarborough
Seller Co-Listing Agent in 2020
Janice Scarborough
Howard Hanna Outer Banks Realt
(252) 722-2410
53 in this area
71 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 99427
APN: 100A-000-0002-0000
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