NOT LISTED FOR SALE

223 Hicks Bay Ln Corolla, NC 27927

Estimated Value: $2,632,000 - $6,222,000

9 Beds
13 Baths
7,400 Sq Ft
$570/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $3,565,000 $482 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $24,136/month

142 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Home Theater
  • Community Beach Access
  • Health Club
  • Cabana

About This Home

As of September 2020

OCEANFRONT PERFECTION!!!!! If perfection could actually be obtained, this home would be just that......perfection! One of "the" most well maintained Oceanfront home I have seen on the Oceanfront of Pine Island in 17 years. "Ritz Palm" is an investors dream with 326k in advertised income for 2019 and looking to top that in 2020. Countless activities throughout the property which makes this property a family resort onto itself. Complete with a beautifully built high end custom concrete heated pool with LED fiber optic lighting and a relaxing swim up bar. Take it easy on the sundeck or under the covered outdoor entertainment area loaded with surround sound music, TV and full outdoor kitchen. For the family members that need a little time inside "Ritz Palm" is complete with its own sports bar and theater room. The home features state of the art electronic, full body massage shower, marble flooring, climate controlled fitness room, elevator and an eloquently constructed craftsmen staircase complete with custom iron balustrades. Panoramic views of not only the Atlantic Ocean but also the Currituck Sound and a meticulously kept professional landscaped yard with irrigation system that completes the overall experience of being in a serene paradise setting.

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 02/12/2020

Surfside Realty

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399 Listed on: 02/12/2020

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,938

Year Built

  • Built in 2004

Lot Details

  • Beach Front
  • Landscaped
  • Sprinkler System

HOA Fees

  • $275 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Mediterranean Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 7,400 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

  • Covered Deck
  • Tiki or Chickee Hut

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot lot 209

Community Details

Overview

  • Association fees include cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, taxes, tennis courts, water, walkways
  • Shields Association
  • Pine Island Pud Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Community Indoor Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,938

Year Built

Built in 2004

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Mediterranean, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Handicap Friendly, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower, Security System, Smoke Detector(s), Tiki Bar
  • Flood Zone: X
  • Headline: ABSOLUTELY Immaculate!!!!!!
  • Heated Sq Ft: 7400
  • L V T Date: 02/12/2020
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: residentia
  • Deed Book Pg Number: 206
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C21933
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Disposal, Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Home Theater, Media Room
  • Partial Bathrooms: 3

Exterior Features

  • Construction: Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Garage: 2 Car, Attached
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Taxes, Tennis Courts, Water, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3300
  • Hoa Contact: Shields
  • HOA Contact: Seaside Management

Lot Info

  • Lot Description: Beach Frontage
  • Lot Faces: West
  • Lot Number: lot 209
  • Deed Book: 1188

Rental Info

  • Est Annual Rental Income: 366254
  • Estimated Rental Performance: 0.1027
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Number: PI209
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2019
  • Taxes: 13938

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Yost Mark Jason and Yost Tricia Ann
Bought by
223 Hicks Bay Lane Llc
Current Estimated Value
$4,216,443

Purchase Details

Listed on
Feb 12, 2020
Closed on
Sep 9, 2020
Sold by
Swain Robert L and Swain Jill
Bought by
Yost Mark Jason and Yost Tricia Ann
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$3,599,000
Sold Price
$3,565,000
Premium/Discount to List
-$34,000
-0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%

Purchase Details

Closed on
Jan 18, 2012
Sold by
Rjc Properties Of Va Llc
Bought by
Swain Robert L

Purchase Details

Closed on
May 13, 2010
Sold by
Luxury Outer Banks Homes Llc
Bought by
Rjc Properties Of Va Llc

Purchase Details

Closed on
Jul 6, 2009
Sold by
223 Hicks Bay Lane Llc
Bought by
Luxury Outer Banks Homes Llc

Purchase Details

Closed on
Jun 29, 2005
Sold by
Lane Kimberly H
Bought by
223 Hicks Bay Lane Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
223 Hicks Bay Lane Llc -- None Available
Yost Mark Jason $3,565,000 None Available
Swain Robert L -- None Available
Rjc Properties Of Va Llc $3,650,000 None Available
Luxury Outer Banks Homes Llc -- None Available
223 Hicks Bay Lane Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2020 09/10/20 Sold $3,565,000 -0.9% $482 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $3,599,000 -- $486 / 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
2025 $21,753 $2,963,400 $1,596,000 $1,367,400
2024 $21,753 $2,839,700 $1,596,000 $1,243,700
2023 $20,824 $2,839,700 $1,596,000 $1,243,700
2022 $15,267 $2,839,700 $1,596,000 $1,243,700
2021 $15,221 $2,521,500 $1,371,600 $1,149,900
2020 $13,939 $2,521,500 $1,371,600 $1,149,900
2019 $13,939 $2,521,500 $1,371,600 $1,149,900
2018 $540 $2,521,500 $1,371,600 $1,149,900
2017 $12,629 $2,521,500 $1,371,600 $1,149,900
2016 $12,629 $2,521,500 $1,371,600 $1,149,900
2015 -- $2,521,500 $1,371,600 $1,149,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108283

Outer Banks Association of REALTORS®

APN: 127C-000-0209-0000