NOT LISTED FOR SALE

277 Whites Point Corolla, NC 27927

Estimated Value: $3,135,000 - $3,496,107

10 Beds
10.5 Baths
5,680 Sq Ft
$578/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $3,900,000 $687 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $19,048/month

117 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture

About This Home

As of September 2022

Beautifully renovated by Olin Finch over the past 2 years! This home underwent a complete transformation with the addition of 5 bedrooms and 6 new bathrooms, new pool and hot tub, rebuilt elevator, new light fixtures, professionally decorated, updated bathrooms, new floors, interior and exterior paint, brand new kitchen and appliances, new exterior siding and paint, oceaside decks, 4 new ocean facing sliders, new hot water heaters, new HVAC units, vinyl handrails and more! The dramatic foyer lends itself nicely to the large, open great room with panoramic ocean views. This home features 10 master suites, 2 are located on the top level. 5 of the ensuites are ocean facing and have their own deck balcony access. Beautiful hard wood floors, thoughtfully decorated, and extensive sun decks over look the new pool area and private walkway to the beach. Multiple living areas to accommodate large groups. New game room on the ground level is just steps away from the pool and beach access. Fantastic rental income opportunity! All 4 HVAC units have been recently replaced. Current rental numbers do not reflect a full year of availability, 2020 rental numbers are as an 8 bedroom home. 2 ensuites were added in the winter/spring of 2021. Homeowner blocks home and only rents from May through September. Ask for a full years rental projection.

Last Agent to Sell the Property

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 05/03/2022

Co-Listed By

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,555

Year Built

  • Built in 1996

Lot Details

  • 0.58 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 5,680 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Reserved Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 181

Community Details

Overview

  • Association fees include management, pool, road maintenance, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Built by Olin Finch
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,555

Year Built

Built in 1996

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: North on Ocean Boulevard, right on Pine Point, left on Longfellow Cove, right on White's Point.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Subdivision Name: Pine Island and Improvements
  • Headline: Major Renovation!
  • Heated Sq Ft: 5680
  • L V T Date: 05/03/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 212965
  • Advertised Income 2021: 259935
  • Advertised Income 2022: 298025
  • Deed Book Pg Number: 222
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • 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, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 10
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 3
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: 2
  • Bedroom 8: On Level: 1
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood Laminate, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Dining Room: On Level: 3
  • Family Room: On Level: 2
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Room 2: On Level: 1
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1
  • Optional Room 1: On Level: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Reserved, Under

Utilities

  • Cooling: Heat Pump, Mini-Split, Zoned
  • Heating: Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3000
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 1000

Lot Info

  • Estimated Lot Sq Ft: 25100
  • Lot Description: Beach Frontage, Cul-de-sac, Level, Water Frontage
  • Lot Faces: W
  • Lot Number: Lot 181
  • Estimated Lot Size: 0.58
  • Deed Book: 1467

Rental Info

  • Est Annual Rental Income: 361295
  • Estimated Rental Performance: 0.0926
  • Flood Expenses: 850
  • Lease Terms: Weekly
  • Poolspa Expense: 2900
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Beach Memories
  • Rental Cottage Number: E181
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2220
  • Annual Electric: 5500
  • Annual Telephone Expense: 600
  • Annual Water Expense: 1000
  • Rental Contact Email: jkavanough@twiddy.com
  • Rental Contact Name: Jen Kavanough
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2021
  • Taxes: 11555

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Sep 27, 2022
Sold by
Hugh Richardson Robert and Reed Laura
Bought by
Duatre John M and Duatre Deborah L
Seller's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$4,100,000
Sold Price
$3,900,000
Premium/Discount to List
-$200,000
-4.88%
Current Estimated Value
$3,341,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$558,609
Avg. Annual Appreciation
-5.08%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Dec 21, 2018
Sold by
Goldberg Martin A and Goldberg Barbara L
Bought by
Richardson Robert Hugh and Richardson Laura Reed
Seller's Agent
Denise Graham
Keller Williams - Outer Banks
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$1,525,000
Sold Price
$1,420,000
Premium/Discount to List
-$105,000
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.73%
Original Mortgage
$453,000
Interest Rate
4.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Duatre John M $992,500 --
Richardson Robert Hugh $1,420,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson Robert Hugh $453,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2022 09/27/22 Sold $3,900,000 -4.9% $687 / Sq Ft
08/28/2022 08/28/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $4,100,000 +188.7% $722 / Sq Ft
12/21/2018 12/21/18 Sold $1,420,000 -6.9% $273 / Sq Ft View Prior Sale
11/02/2018 11/02/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $1,525,000 -- $293 / 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 $15,907 $2,167,400 $1,512,000 $655,400
2024 $15,907 $2,167,400 $1,512,000 $655,400
2023 $15,891 $2,167,400 $1,512,000 $655,400
2022 $11,657 $2,167,400 $1,512,000 $655,400
2021 $11,555 $1,908,200 $1,299,400 $608,800
2020 $10,833 $1,908,200 $1,299,400 $608,800
2019 $10,545 $1,908,200 $1,299,400 $608,800
2018 $10,545 $1,908,200 $1,299,400 $608,800
2017 $9,570 $1,908,200 $1,299,400 $608,800
2016 $9,570 $1,908,200 $1,299,400 $608,800
2015 $9,570 $1,908,200 $1,299,400 $608,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118706

Outer Banks Association of REALTORS®

APN: 127C-000-0181-0000