NOT LISTED FOR SALE

435 Kitsy's Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $4,076,000 - $5,077,000

9 Beds
11 Baths
9,055 Sq Ft
$495/Sq Ft Est. Value

Last Sold September 26, 2016

Last sale price $2,825,000 $312 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $25,645/month

48 Days on Market

Highlights

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

About This Home

As of September 2016

"Ocean Legasea" is a one-of-a-kind oceanfront estate with every feature you could want in a seaside house. Offering over 9000 square feet of living space, this home is among a handful of the most elite properties on the Outer Banks. It is the second largest house in Pine Island with perhaps the most tastefully appointed interior of any home in the area. Here, you will be surrounded by elegant furnishings, enormous bedroom suites and unobstructed ocean views. A double dune and 100 feet of ocean frontage put you on Corolla's most beautiful section of beach. The list of property features is impressive: 9 bedrooms and 9 full baths, 2 half baths, 2 full kitchens, a rec room with pool table, fitness room, elevator, theater room with leather seas, private pool with waterfall, hot tub, 2 two-car garages and much more. Constructed by Pete Hunter, one of the area's best builders, this home is a masterpiece of craftsmanship and quality materials. Red oak floors, custom cherry cabinetry, fireplaces with marble surrounds, granite counter tops, faux handpainted walls, trex decking and walkways, exterior hardiplank siding. The furniture and décor are top-of-the-line designer quality. A floor by floor description follows: GROUND LEVEL-Outside you will find a unique private pool with LED multi-color lighting, a waterfall feature, a separate kiddie pool with fountain and an elevated in-ground hot tub. There is a poolside cabana bar, 2 gas grills and a private walkway to the beach with dune-top deck and seating. Step inside and the fun continues with a rec room featuring a pool table, TV/DVD and a three-in-one bumper pool/card/game table. There is also a game room with foosball table and a video arcade game. The fitness minded will love the exercise room which offers 2 stationary bikes, a free standing punching bag, weight bench with free weights, TV/DVD & stereo. There is a full kitchen just off the rec room that has a full sized fridge, stove, dishwasher, microwave and icemaker. Watch your favorite movie or the big game in the tiered theater room that houses 12 leather reclining chairs and a 10 foot projection screen with surround sound. You will also find a lovely Queen master bedroom with TV and pool deck access, a half bath and a Ping-Pong table in the garage to round out this floor. MID LEVEL - This level offers 4 oceanfront King master bedrooms, each with TV/DVD, private bath with jetted tub and deck access. Two of these rooms are handicap friendly. There is another King bedroom with TV/DVD that shares a bathroom with a room that has 2 singles and 2 trundles. This makes a great spot for parents with small children. Rounding out this floor is a super-large laundry room with 3 pairs of washers and dryers. TOP LEVEL - Features a large, open great room with vaulted ceilings and enormous with expansive ocean views, a flat-screen TV/DVD, stereo and a gas fireplace. The large, granite-topped gourmet kitchen is well equipped with two full size Sub-Zero refrigerators, 2 ovens, 2 dishwashers, 3 microwaves, a 6 burner gas cooktop, 2 pantries and a small breakfast table. The oceanfront dining area features a one-of-a-kind glass-top dining table that sits atop a bronze sea-life sculptured base. There is a second, elevated dining area with seating for 6 and TV just off the kitchen. Step outside and enjoy the wonderful views of the Atlantic Ocean from the oceanfront decks. You will also find a beautiful oceanfront King master bedroom suite with a sitting area, flat-screen TV/DVD, deck access and a private bath with jetted tub. This bedroom connects to the library/office that has ocean views, a gas fireplace, extensive book library and deck access. There is another King bedroom with flat-screen TV/DVD and a full bathroom on the west side of the home. For the uncompromising buyer seeking tasteful luxury on a grand scale, this oceanfront property is the perfect choice.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 05/31/2016

Last Buyer's Agent

Hugh Willey

Sun Realty - KDH License #238260

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,659

Year Built

  • Built in 2000

Lot Details

  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 9,055 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Library
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot #69

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, road maintenance, tennis courts
  • Built by Pete Hunter
  • Pine Island Pud Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,659

Year Built

Built in 2000

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Route 12 N, turn into Pine Island on Black Pine Road - then right on Myrtle Pond and left on Kitsys Point Rd
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Subdivision Name: Pine Island
  • Headline: OCEANFRONT MANSION
  • Heated Sq Ft: 9055
  • L V T Date: 05/31/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 376
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 9
  • Bedroom 1: 29x16, On Level: 3
  • Bedroom 2: 22x16, On Level: 3
  • Bedroom 3: On Level: 2
  • Bedroom 4: 21x18
  • Bedroom 5: 18x13, On Level: 2
  • Bedroom 6: 22x17, On Level: 2
  • Bedroom 7: 17x14, On Level: 2
  • Bedroom 8: 20x14, On Level: 2
  • Kitchen: 20x10, On Level: 3
  • Countertops: Granite, Laminate, Corian, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Dining Room: 19x14, On Level: 3
  • Family Room: 20x11, On Level: 1
  • Game Room: 24x22, On Level: 1
  • Living Room: 31x22, On Level: 3
  • Optional Room 2: 22x11, On Level: 1
  • Optional Room 3: 19x15 bedr, On Level: 3
  • Optional Rooms: Library/Study, Home Theater
  • Partial Bathrooms: 2
  • Optional Room 1: 27x17, On Level: 1

Exterior Features

  • Homebuilder: Pete Hunter
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Custom, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 3 + Car, Attached
  • Garage Sq Ft: 858
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 2495

Lot Info

  • Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
  • Lot Number: Lot #69
  • Deed Book: 1260

Rental Info

  • Est Annual Rental Income: 155527
  • Estimated Rental Performance: 0.0551
  • Lease Terms: Weekly
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Ocean Legasea
  • Rental Cottage Number: PI69
  • Rental Phone Number: 252-453-9660
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2015
  • Taxes: 11659

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2020
Sold by
Seaductress Llc
Bought by
C3 435 Kisty Point Llc
Current Estimated Value
$4,485,901

Purchase Details

Closed on
Nov 24, 2020
Sold by
Patel Nayan
Bought by
Seaductress Llc

Purchase Details

Closed on
Nov 22, 2017
Sold by
Seaductress Llc
Bought by
Patel Nayan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,485,700
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 11, 2017
Sold by
Patel Nayan S
Bought by
Seaductress Llc

Purchase Details

Listed on
May 31, 2016
Closed on
Sep 6, 2016
Sold by
Martin Charles W and Martin Hollace C
Bought by
Patel Nayan S
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$2,995,000
Sold Price
$2,825,000
Premium/Discount to List
-$170,000
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$1,500,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2005
Sold by
Markham Thomas C and Markham Laurie A
Bought by
Martin Charles W and Martin Hollace C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,932,000
Interest Rate
4.43%
Mortgage Type
New Conventional
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
C3 435 Kisty Point Llc $2,860,000 None Available
Seaductress Llc -- None Available
Patel Nayan -- None Available
Seaductress Llc -- Attorney
Patel Nayan S $2,825,000 Attorney
Martin Charles W $2,760,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Nayan $1,485,700
Previous Owner Patel Nayan S $1,500,000
Previous Owner Martin Charles W $1,932,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2016 09/26/16 Sold $2,825,000 -5.7% $312 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $2,995,000 +8.5% $331 / Sq Ft
07/26/2013 07/26/13 Sold $2,760,000 -23.2% $305 / Sq Ft
04/28/2013 04/28/13 Pending -- -- --
04/06/2012 04/06/12 For Sale $3,595,000 -- $397 / 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 $19,844 $2,709,900 $1,652,000 $1,057,900
2023 $19,844 $2,621,600 $1,652,000 $969,600
2022 $14,078 $2,621,600 $1,652,000 $969,600
2021 $14,063 $2,331,300 $1,419,700 $911,600
2020 $12,892 $2,331,300 $1,419,700 $911,600
2019 $12,867 $2,331,300 $1,419,700 $911,600
2018 $12,867 $2,331,300 $1,419,700 $911,600
2017 $11,681 $2,331,300 $1,419,700 $911,600
2016 $11,659 $2,331,300 $1,419,700 $911,600
2015 $11,659 $2,331,300 $1,419,700 $911,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92578

Outer Banks Association of REALTORS®

APN: 127C-000-0069-0000