NOT LISTED FOR SALE

363 Deep Neck Rd Corolla, NC 27927

Estimated Value: $3,766,000 - $5,686,818

10 Beds
11.5 Baths
7,611 Sq Ft
$599/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $6,300,000 $828 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $25,741/month

92 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Concrete Pool
  • Community Beach Access
  • Home Theater
  • Second Refrigerator

About This Home

As of May 2023

Edgewater View is a stunning 10 bedroom, 11.5 bath oceanfront retreat in Corolla! Sporting a new outdoor living area, new saltwater pool and a recent major expansion and upgrade of the interior spaces, this prime vacation home is crisp and contemporary! You'll be floored by the two-story wall of windows framing panoramic ocean views. Along with soaring cathedral ceilings, these vistas are the highlight of the immense great room, which is strategically located on the mid-level to create a wonderful flow. The great room is filled with rejuvenating natural light, filtered through a bank of floor to ceiling oceanfront windows and enhanced by the warm hardwood floors. Panoramic ocean views are the backdrop to the living and dining areas. The home is designed for maximum comfort for all of your guests by offering multiple living areas including a spacious office/lounge, arcade, a full theater, and a generous game room. With the kitchen, dining and living rooms on the midlevel, the panoramic views are incredible, the two story bank of floor to ceiling windows bathe the home in natural light, and living is easy with fewer steps (and an elevator)! The kitchen is extremely well equipped for large families featuring stainless steel appliances (two dishwashers, double ovens, a six-burner cooktop and two full refrigerators with icemakers), custom cabinets, quartz countertops and a center island. Four king ensuites on the mid-level include an oceanfront king with water views, direct covered deck access, and walk-in closet and a private bath with a dual sink vanity and soaking tub. The top floor is dedicated to private bedroom suites arranged around views and a private lounge. The hallway is open to the great room below and enjoys the same natural light and sweeping ocean views. Bedrooms include four stylish king ensuites, including two with private oceanfront balconies. There is also an additional ensuite bedroom with 2 pyramid bunks on this floor. Indoor and outdoor entertainment options are the highlight of the ground level which features a rec room with a pool table, Skee-ball, shuffleboards as well as a sports bar with a commercial-style ice maker, full size fridge, dishwasher and microwave. A theater on this level with a 120'' screen features immersive surround sound with 8 speakers. You'll also find an arcade area with a full bath that also connects to the outdoor area. A door separates the family suite area from the rest of the ground level. This suite includes a king bedroom, bedroom with a daybed and trundle, and a shared full bathroom. A laundry room with two washers and dryers completes this level. The fun continues past the covered outdoor patio with a stunning oceanfront heated private pool, outdoor ping-pong table, hot tub, cornhole and two outdoor showers. The raised sun deck, waterfalls and landscaping set the picture perfect stage for your family and guests to enjoy. The home was upgraded and expanded in 2021 with professional interior design and the pool and outdoor living area were completely redone in 2022. The award winning Pine Island Community has strong protective covenants, a robust dune management program and owners committed to maintaining the neighborhood’s premier status. The adjacent beach is very private and far from public access. This site has exceptional width and depth, a private culdesac location, and a large protective dune that does not block views. Opportunities like this to check every box are rare. Vacationers love this home and it is on track to achieve well over $600,000 in 2023 rental income! Come see why there are so many repeat guests, including FIVE families staying again in summer 2023! See floorplans and more details and pictures online at Carolina Designs Realty #744. Call the listing agent for more information about this home, 2024 rental pricing, operating expenses and more!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 01/05/2023

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,315

Year Built

  • Built in 2000

Lot Details

  • Beach Front
  • Property fronts a private road
  • Property is zoned SFO

HOA Fees

  • $278 Monthly HOA Fees

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 7,611 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Home Theater
  • Library
  • Game Room
  • Utility Room

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 10 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 142

Community Details

Overview

  • Association fees include management, road maintenance, tennis courts, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,315

Year Built

Built in 2000

Lot Details

0

HOA Fees

$278 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: turn east on pine gate and then turn right (south) on Deep Neck Road
  • Extras: Beach Access, Boardwalk to Beach, Elevator, Hot Tub, Outside Shower
  • Flood Zone: X
  • Heated Sq Ft: 7611
  • L V T Date: 01/05/2023
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: SFO
  • Deed Book Pg Number: 080
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Countertops: Quartz
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Luxury Vinyl Plank
  • Foundation: Piling, Slab
  • Full Bathrooms: 11
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Gas Fireplace
  • Optional Rooms: Game Room, Library/Study, Utility Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3335
  • Hoa Contact: Seaside Management
  • HOA Contact: 252 261 1200

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 142
  • Deed Book: 573

Rental Info

  • Est Annual Rental Income: 662480
  • Estimated Rental Performance: 0.1052
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Edgewater View
  • Rental Cottage Number: 744
  • Rental Phone Number: 252 261 3934
  • Rental Turnover Day: Sunday
  • Rental Contact Email: elaine.meadows@carolinadesigns.com
  • Rental Contact Name: Elaine Meadows
  • Rental Contact Phone: 252 261 3934 x 6242

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2022
  • Taxes: 14315

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
May 11, 2023
Sold by
Edgewater View Llc
Bought by
Uphoff Investments Llc
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$6,700,000
Sold Price
$6,300,000
Premium/Discount to List
-$400,000
-5.97%
Views
209
Current Estimated Value
$4,555,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,744,061
Avg. Annual Appreciation
-11.55%
Original Mortgage
$3,000,000
Outstanding Balance
$2,915,513
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$1,640,426

Purchase Details

Closed on
Oct 6, 2021
Sold by
Judge Nathan Allen and Judge Julie Kay
Bought by
Edgewater View Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,258,900
Interest Rate
2.28%

Purchase Details

Listed on
Apr 23, 2019
Closed on
Sep 14, 2020
Sold by
Takach John J and Takach Betty J
Bought by
Judge Nathan Allen and Judge Julie Kay
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$2,300,000
Sold Price
$2,225,000
Premium/Discount to List
-$75,000
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.51%
Original Mortgage
$1,668,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2002
Bought by
Takach Betty Etvir John and Hargreaves Brian
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
Uphoff Investments Llc $75,600 None Listed On Document
Edgewater View Llc -- None Available
Judge Nathan Allen $2,225,000 None Available
Takach Betty Etvir John $478,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uphoff Investments Llc $3,000,000
Previous Owner Edgewater View Llc $2,258,900
Previous Owner Judge Nathan Allen $1,668,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2023 05/16/23 Sold $6,300,000 -6.0% $828 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $6,700,000 0.0% $880 / Sq Ft
03/24/2023 03/24/23 Price Changed $6,700,000 +6.3% $880 / Sq Ft
03/24/2023 03/24/23 Off Market $6,300,000 -- --
01/05/2023 01/05/23 For Sale $7,000,000 +214.6% $920 / Sq Ft
09/22/2020 09/22/20 Sold $2,225,000 -3.3% $329 / Sq Ft View Prior Sale
08/01/2020 08/01/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $2,300,000 0.0% $340 / Sq Ft
03/14/2020 03/14/20 Pending -- -- --
10/11/2019 10/11/19 Price Changed $2,300,000 -7.8% $340 / Sq Ft
06/16/2019 06/16/19 Price Changed $2,495,000 -2.5% $369 / Sq Ft
04/23/2019 04/23/19 For Sale $2,560,000 -- $379 / 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 $19,959 $2,735,600 $1,887,600 $848,000
2024 $19,959 $2,735,600 $1,887,600 $848,000
2023 $19,913 $2,681,700 $1,887,600 $794,100
2022 $14,315 $2,681,700 $1,887,600 $794,100
2021 $13,993 $2,344,800 $1,622,200 $722,600
2020 $12,908 $2,344,800 $1,622,200 $722,600
2019 $12,889 $1,857,000 $1,134,400 $722,600
2018 $12,889 $2,344,800 $1,622,200 $722,600
2017 $11,678 $2,344,800 $1,622,200 $722,600
2016 $11,678 $2,344,800 $1,622,200 $722,600
2015 $11,696 $2,344,800 $1,622,200 $722,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121112

Outer Banks Association of REALTORS®

APN: 127C-000-0142-0000