NOT LISTED FOR SALE

3403 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $4,575,000 - $6,527,000

10 Beds
12 Baths
6,748 Sq Ft
$794/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $5,000,000 $741 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $29,217/month

1 Day on Market

Highlights

  • Ocean Front
  • Deeded access to the beach
  • In Ground Pool
  • White Oak Elementary School Rated A-
  • Home Theater
  • Ocean Side of Freeway

About This Home

As of March 2023

Compass Pointe is a 10-Bedroom, 10 Full Bath, 2 Half-Bathroom new construction, oceanfront home nestled in the heart of Emerald Isle! This home is the perfect entertainment destination, with an outdoor living space/kitchen area just as impressive as the interior. After visiting the beach you can wash off in the outdoor shower and then take a dip in the private pool. Sold furnished which is Equipped with 17 TV's throughout the property your whole party can be adequately entertained. Note there is also a TV in the outdoor cabana! Compass Pointe also has a Rec Room for your gaming and playing needs. It also has several TVs so your whole party can be adequately entertained! Rental potential to exceed $500k gross income!!

Last Agent to Sell the Property

Copeland Bernauer Team

Bluewater Real Estate AB License #213070 Listed on: 02/02/2023

Last Buyer's Agent

Richard Farrington III

Bluewater Real Estate - EI License #303940

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89

Year Built

  • Built in 2022

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 75x257x75x254
  • Ocean Front
  • Fenced Yard
  • Decorative Fence

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 6,748 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Home Theater
  • Ocean Views
  • Attic Access Panel

Kitchen

  • Gas Cooktop
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Primary Bedroom on Main
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • 10 Detached Carport Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Ocean Side of Freeway
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Gas Grill

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heat Pump System
  • Gas Tank Leased
  • Tankless Water Heater
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 631413125682000

Home Details

Home Type

Single Family

Est. Annual Taxes

$89

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 4.0
  • Stories Levels: 3 Story or More
  • Year Built: 2022
  • Road Frontage Type: Ocean Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood, LVT/LVP
  • Heated Sq Ft: 6500 - 6999
  • Interior Amenities: 9Ft+ Ceilings, Walk-in Shower, Elevator, Kitchen Island, Hot Tub, Home Theater, Gas Logs, Furnished, Blinds/Shades, Ceiling Fan(s), Ceiling - Vaulted
  • List Price per Sq Ft: 740.96
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 10
  • Half Bathrooms: 2
  • Total Bathrooms: 12.00
  • Bedrooms: 10
  • Number Rooms: 14
  • Sq Ft Heated: 6748.00
  • Total Heated Primary Separate Sq Ft: 6748.00

Exterior Features

  • Exterior Features: Gas Grill, Outdoor Shower
  • Exterior Finish: Fiber Cement
  • Exterior Structures: Covered Area, Shower
  • Fencing: Back Yard, Metal/Ornamental
  • Foundation: Pilings
  • On Site Pool Spa: Hot Tub, In Ground
  • Porch Balcony Deck: Balcony, Porch, Covered, Deck
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Detached Carport Spaces: 10.00
  • Garage And Parking Driveway Spaces: 10.00
  • Total Carport Spaces: 10.00
  • Parking Driveway: Covered, Paved, Off Street

Utilities

  • Appliances Equipment: Bar Refrigerator, Refrigerator, Washer, Vent Hood, Microwave - Built-In, Dryer, Dishwasher, Cooktop - Gas
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Gas
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Carteret-Craven Electric Cooperative
  • Utilities: Septic On Site
  • Water Heater: Tankless
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 434.00
  • Lot Acres: 0.44
  • Lot Dimensions: 75x257x75x254
  • Lot Number: 4
  • Lot Sq Ft: 19341.00
  • Lot Water Features: Deeded Beach Access, Ocean Side
  • Plat Book: 4
  • Plat Page: 16
  • Zoning: res
  • Lot View Type: Ocean View, Water View

Tax Info

  • Tax Identifier: 631413125682000
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Mar 17, 2023
Sold by
Compass Pointe El Llc
Bought by
Osterhoudt Marcus Chet and Osterhoudt Rhonda M
Seller's Agent
Copeland Bernauer Team
Bluewater Real Estate AB
Buyer's Agent
Richard Farrington III
Bluewater Real Estate - EI
List Price
$5,000,000
Sold Price
$5,000,000
Views
5
Current Estimated Value
$5,360,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,872
Avg. Annual Appreciation
2.17%
Original Mortgage
$1,500,000
Outstanding Balance
$1,447,876
Interest Rate
5.14%
Mortgage Type
New Conventional
Estimated Equity
$3,820,506

Purchase Details

Listed on
Jul 23, 2020
Closed on
Nov 20, 2020
Sold by
Aceto Joseph R and Revocable Liv Tr Agmt Of Josep
Bought by
Compass Pointe El Llc
Seller's Agent
Margaret Nelson
Advantage Coastal Properties
Buyer's Agent
Copeland Bernauer Team
Bluewater Real Estate AB
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
122.12%
Original Mortgage
$2,700,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 19, 2018
Sold by
Aceto Joseph R and Taylor Amy A
Bought by
Aceto Joseph E and The Joseph E Aceto Revocqable
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
Osterhoudt Marcus Chet $50,500,000 None Listed On Document
Compass Pointe El Llc $785,000 None Available
Aceto Joseph E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osterhoudt Marcus Chet $1,500,000
Previous Owner Compass Pointe El Llc $2,200,000
Previous Owner Compass Pointe El Llc $2,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $5,000,000 0.0% $741 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $5,000,000 +536.9% $741 / Sq Ft
11/20/2020 11/20/20 Sold $785,000 -1.8% --
09/07/2020 09/07/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $799,000 -- --
Source: Hive MLS

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 $89 $1,554,684 $699,157 $855,527
2023 $8,783 $1,554,684 $699,157 $855,527
2022 $5,524 $1,521,658 $699,157 $822,501
2021 $0 $699,157 $699,157 $0
2020 $3,671 $699,157 $699,157 $0
2019 $2,138 $689,580 $689,580 $0
2017 $2,138 $689,580 $689,580 $0
2016 $2,138 $689,580 $689,580 $0
2015 $2,069 $689,580 $689,580 $0
2014 $1,965 $655,020 $655,020 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100367769

Hive MLS

APN: 6314.13.12.5682000