NOT LISTED FOR SALE

347 Lindsey Ln Corolla, NC 27927

Estimated Value: $3,865,000 - $7,457,000

13 Beds
14.5 Baths
10,130 Sq Ft
$589/Sq Ft Est. Value

Sale Details

Date Sold: June 4, 2021

Last sale price $6,000,000 $592 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $36,623 / mo

36 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Cabana
  • Coastal Architecture

About This Home

As of June 2021

BUILT FOR MAKING HAPPY MEMORIES! Happy Ours Happy Yours has been meticulously designed and decorated, each level the ideal mix of luxury, comfort, and entertainment. The top-level is simply TOP OF THE LINE! Raise your glasses to wonderful memories around the custom Chris Craft style boat bar. Enjoy the lux gourmet kitchen, outfitted to appeal to the most discerning of chefs. Revel in the gracious entertainment areas with spectacular ocean views while gathering around a cozy two-sided fireplace. Each of the three en suite bedrooms on this floor opens onto a westward wraparound deck from which to enjoy sunsets over the Currituck Sound and the pristine Audubon Conservancy. The mid-level offers seven King en suites, an oh-so-fun bunk bedroom, and the 13th bedroom efficiency suite -- a perfect room to bring your nanny, personal chef, or housekeeper. This level also offers quiet retreat spots away from the group and another stunning circular bar overlooking the ocean. The lower-level is all about FUN!! It offers a state-of-the-art theater thoughtfully designed to support business presentations or full-on karaoke parties. Billiards, foosball, ping pong, shuffleboard and more awaits memory-making. A dormitory-style bunk room for four provides the perfect spot for the teenagers to land for the night. This level also features a full kitchen and bar with the option to swing open the wall of floor-to-ceiling doors creating an indoor/outdoor poolside space like none other. Finally, there is a full bath on this floor that connects to the outdoor shower areas and the pool. HAPPY TIMES will be endless in the custom pool featuring a tanning ledge surrounded by ample decks, a swim-up Tiki Bar, and a special section for the little ones. Relish the day around the poolside firepit or stargaze while relaxing in one of the two hot tubs. INVEST. Now is your opportunity to embrace this pristine, luxurious oceanfront estate. 2022 REVENUES PROJECTED AT $600,490. Including an owner week currently held during peak season, the home is positioned to generate revenues at or above $550,000 during the 2021 season. ENJOY. Come and discover all that this home has to offer from its splendid location in the unparalleled Pine Island Reserve. RELAX in the comfort of knowing you have made the right decision to make Happy Ours - HAPPY YOURS!

Last Agent to Sell the Property

Ray Meiggs

Twiddy and Co. - Duck License #290422 Listed on: 03/26/2021

Last Buyer's Agent

Heather McLay

OBX Homes License #188982

OBX Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,681

Year Built

  • Built in 2015

Lot Details

  • Beach Front
  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $342 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Masonry Perimeter Foundation
  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Siding
  • Piling Construction

Interior Spaces

  • 10,130 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Screened Porch

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Freezer
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Marble Countertops
  • Granite Countertops
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 13 Bedrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Covered Deck
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 11

Community Details

Overview

  • Association fees include management, road maintenance
  • Seaside Management, K. Shields Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,681

Year Built

Built in 2015

Lot Details

0.59 Acres

HOA Fees

$342 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: Rte 12 heading North to Hampton Inn, Rt onto Audubon Drive, Left onto Lindsey Lane, property on the right.
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower, Screened Porch, Tiki Bar, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Pine Island Reserve
  • Headline: FIND YOUR OBX HAPPY PLACE!!!!!
  • Heated Sq Ft: 10130
  • L V T Date: 03/26/2021
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 498090
  • Advertised Income 2021: 519700
  • Deed Book Pg Number: 622
  • 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: Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 13
  • Countertops: Granite, Marble, Corian, Solid Surface
  • Floor Coverings: Carpet, Slate, Tile, Wood, Marble
  • Foundation: Masonry, Piling
  • Full Bathrooms: 14
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Pantry, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Pantry, Home Theater, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Wood, Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Metal
  • View: Ocean, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Road Maintenance
  • Association Fee: Yes
  • Estimated Annual Fee: 4100
  • Hoa Contact: Seaside Management, K. Shields
  • HOA Contact: 252-261-1200

Lot Info

  • Lot Description: Adj to Park Serv./Preserv, Beach Frontage, Level
  • Lot Number: Lot 11
  • Deed Book: 1370

Rental Info

  • Est Annual Rental Income: 600490
  • Estimated Rental Performance: 0.1001
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Happy Ours Happy Yours
  • Rental Cottage Number: ER011
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 2015

Tax Info

  • Year: 2020
  • Taxes: 25681

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jun 1, 2021
Sold by
Whalehead Associates Llc
Bought by
Cottage Cove 187 Llc
Seller's Agent
Ray Meiggs
Twiddy and Co. - Duck
Buyer's Agent
Heather McLay
OBX Homes
List Price
$5,950,000
Sold Price
$6,000,000
Premium/Discount to List
$50,000
0.84%
Current Estimated Value
$5,963,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,869
Avg. Annual Appreciation
-0.12%
Original Mortgage
$250,000
Outstanding Balance
$224,860
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$5,738,271

Purchase Details

Closed on
May 24, 2016
Sold by
Toler William D and Toler Deborah H
Bought by
Whalehead Associates Llc

Purchase Details

Listed on
Jul 12, 2013
Closed on
Aug 4, 2013
Sold by
Pine Island Reserve Llc
Bought by
Toler William D and Toler Deborah H
Seller's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
Buyer's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
List Price
$1,325,000
Sold Price
$1,325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Cottage Cove 187 Llc $6,000,000 None Available
Whalehead Associates Llc -- None Available
Toler William D $1,325,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Cottage Cove 187 Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2021 06/04/21 Sold $6,000,000 +0.8% $592 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $5,950,000 0.0% $587 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $5,950,000 +349.1% $587 / Sq Ft
08/09/2013 08/09/13 Sold $1,325,000 0.0% -- View Prior Sale
07/12/2013 07/12/13 For Sale $1,325,000 -- --
07/10/2013 07/10/13 Pending -- -- --
Source: Outer Banks Association of REALTORS®

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 $47,368 $6,441,700 $1,320,000 $5,121,700
2024 $47,368 $7,040,600 $1,320,000 $5,720,600
2023 $51,753 $7,040,600 $1,320,000 $5,720,600
2022 $37,802 $7,040,600 $1,320,000 $5,720,600
2021 $37,787 $4,315,600 $1,200,000 $3,115,600
2020 $23,143 $4,315,600 $1,200,000 $3,115,600
2019 $23,143 $4,315,600 $1,200,000 $3,115,600
2018 $23,143 $4,315,600 $1,200,000 $3,115,600
2017 $20,965 $4,223,400 $1,200,000 $3,023,400
2016 $11,089 $2,258,200 $1,200,000 $1,058,200
2015 $5,760 $1,200,000 $1,200,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113525

Outer Banks Association of REALTORS®

APN: 127H-000-0011-0000

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