NOT LISTED FOR SALE

Estimated Value: $2,938,000 - $5,370,000

6 Beds
8 Baths
4,536 Sq Ft
$799/Sq Ft Est. Value

Last Sold June 22, 2023

Last sale price $2,825,000 $623 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $21,278/month

129 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Cabana
  • Community Beach Access
  • Health Club
  • Second Refrigerator

About This Home

As of June 2023

A striking palatial design awaits the next discerning buyer of this fantastic oceanfront estate in the coveted Pine Island community of Corolla. Endless summer days for that perfect family vacation will be right at your fingertips with stunning views of Corolla's pristine beaches along with the most incredible and thoughtful amenities, both inside and out, of this one-of-a-kind dream home. A pleasing long driveway with spacious parking areas will welcome you to the grand entry staircase. Entering the home on the main level you can explore the rec room, complete with pool table, wet bar and full bath, as well as two uniquely-designed bedrooms with a shared bath. Level two provides a relaxing den and three en-suite bedrooms, each yielding deck access to savor the salty, ocean breezes and mesmerizing ocean views. On the top level, you’ll discover an entertainer’s dream - a huge open-concept living area with multiple entertaining spaces, a well-equipped kitchen featuring granite countertops, double ovens, a massive island with ample seating and a dedicated dining area large enough for gatherings with friends and family. The perfect office or reading room with amazing natural light is tucked just beyond the kitchen area. There is also a top-level en-suite featuring a whirlpool bath and deck access encompassing the picturesque views to perfection. Just a few steps away, a ship’s watch with reading nook beckons… it’s sure to be the most coveted, dreamy spot in the house. If you can manage to pull yourself away from the immaculate interior of this home, you can languish in the heated pool or relax in the nearby hot tub while taking in the well-designed and pleasing outdoor spaces featuring a raised terrace sun deck. There’s an entertaining cabana equipped with a sink, refrigerator, ice maker, granite countertops, T.V., tables and stools, with custom built-in lighting and sound. This home leaves nothing to chance… there’s even an electric vehicle 240v outlet in the garage! The Pine Island community offers some sweet amenities, too, with an additional pool and beach access, along with tennis courts, racquetball and fitness center for the sports enthusiasts. The Pine Island Audubon Sanctuary is also close by with 2.5 miles of nature trails to enjoy! It is no wonder why this property has been providing countless opportunities for an endless summer for vacationers alike bringing in well over $200K in proven rental history over the last few seasons. This is an opportunity you will not want to miss!

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 12/12/2022

Keller Williams - Outer Banks

Co-Listed By

Amber Bodner Griffith

Keller Williams - Outer Banks License #222568

Last Buyer's Agent

Gray Berryman

Carolina Designs Realty License #214315

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,081

Year Built

  • Built in 1994

Lot Details

  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System
  • Property is zoned SFO

HOA Fees

  • $275 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,536 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 88

Community Details

Overview

  • Association fees include common insurance, management, pool, security, tennis courts, walkways
  • Kelly Shields Association
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Racquetball
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,081

Year Built

Built in 1994

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Cabana, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Flood Zone: VE, X
  • Headline: Spacious Updated Design
  • Heated Sq Ft: 4536
  • L V T Date: 12/12/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: SFO
  • Advertised Income 2020: 183709
  • Advertised Income 2021: 223229
  • Advertised Income 2022: 242564
  • Deed Book Pg Number: 11
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry, Walk in Closet, Wet Bar
  • Optional Rooms: Foyer, Game Room, Office, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Concrete, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 2 Car
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Management, Pool, Security, Tennis Courts, Walkways
  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3302
  • Hoa Contact: Kelly Shields
  • HOA Contact: kelly@seaside-management.
  • Home Owner Dwelling Insurance: 7800

Lot Info

  • Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
  • Lot Number: Lot 88
  • Deed Book: 1250

Rental Info

  • Est Annual Rental Income: 279955
  • Estimated Rental Performance: 0.0991
  • Flood Expenses: 944
  • Lease Terms: Weekly
  • Other Expenses: 676
  • Poolspa Expense: 8400
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Endless Summer
  • Rental Cottage Number: E088
  • Annual Cable TV Expense: 1280
  • Annual Electric: 4500
  • Annual Water Expense: 900
  • Rental Contact Email: owner@twiddy.com
  • Rental Contact Name: Twiddy

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2022
  • Taxes: 11080.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2022
Closed on
May 31, 2023
Sold by
Moron Mark Edward and Moron Paulette Catherine
Bought by
Edgewater View Llc
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$3,199,900
Sold Price
$2,825,000
Premium/Discount to List
-$374,900
-11.72%
Views
162
Current Estimated Value
$3,624,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$799,247
Avg. Annual Appreciation
12.05%
Original Mortgage
$2,000,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 12, 2012
Closed on
May 9, 2013
Sold by
Almstedt Kermit W and Kermit Almstedt Living Trust
Bought by
Moran Mark Edward and Moran Paulette Catherine
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
John Myers
Twiddy and Co. - Duck
List Price
$2,199,900
Sold Price
$1,900,000
Premium/Discount to List
-$299,900
-13.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$1,425,000
Interest Rate
3.56%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Edgewater View Llc $19,950,000 None Listed On Document
Moran Mark Edward $1,900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edgewater View Llc $4,340,000
Closed Edgewater View Llc $3,992,928
Closed Edgewater View Llc $2,000,000
Previous Owner Moran Mark Edward $1,425,000
Previous Owner Almstedt Kermit W $885,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2023 06/22/23 Sold $2,825,000 -5.8% $623 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $2,998,000 -6.3% $661 / Sq Ft
12/12/2022 12/12/22 For Sale $3,199,900 +68.4% $705 / Sq Ft
05/13/2013 05/13/13 Sold $1,900,000 -13.6% $420 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
04/12/2012 04/12/12 For Sale $2,199,900 -- $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
2024 $15,077 $2,058,800 $1,491,600 $567,200
2023 $13,391 $2,058,800 $1,491,600 $567,200
2022 $11,081 $2,058,800 $1,491,600 $567,200
2021 $11,066 $1,842,200 $1,281,800 $560,400
2020 $10,182 $1,842,200 $1,281,800 $560,400
2019 $10,182 $1,842,200 $1,281,800 $560,400
2018 $10,182 $1,842,200 $1,281,800 $560,400
2017 $9,227 $1,842,200 $1,281,800 $560,400
2016 $9,227 $1,842,200 $1,281,800 $560,400
2015 $9,227 $1,842,200 $1,281,800 $560,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 120999

Outer Banks Association of REALTORS®

APN: 127C-000-0088-0000