NOT LISTED FOR SALE

46 Ocean Blvd Kitty Hawk, NC 27949

Estimated Value: $3,043,000 - $3,611,563

7 Beds
7.5 Baths
4,693 Sq Ft
$707/Sq Ft Est. Value

Last Sold March 19, 2019

Last sale price $1,791,479 $382 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $19,730/month

42 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Heated In Ground Pool
  • Kitty Hawk Elementary School Rated 9+
  • Home Theater
  • Second Refrigerator

About This Home

As of March 2019

Inspired by luxury, Outer Banks, Castle in the Sand, is the epitome of sophistication. This 7-bedroom, 7.5 bath home is on a 100-foot-wide oceanfront lot. This property invites you to slow down, unwind, kick up your feet and enjoy the ocean breezes. With 7 master suites this house easily sleeps 20 and has something for everyone, an investor’s dream. As you enter the home, you will find open concept living that highlights the beauty of the ocean. Traveling the Brazilian cherry wood floors gives you a sense of peace and serenity. The large and spacious gourmet kitchen is a chef’s dream with two of everything. It has won the builders award for best kitchen. The beautiful granite counter tops compliment the hickory cabinets and flow directly into the expansive dining areas. Living areas draw you outside to enjoy indoor / outdoor living and sprawling entertaining areas check all the boxes for the savvy investor. This house comes complete with a theater room, pool table, arcade games, wet bar and elevator for handicap accessibility. Outside you will find a heated pool, outdoor showers, hot tub and baby pool. Your boardwalk leads you directly to your very own piece of paradise. This investment machine will bring you consistent gross income of over $200K annually. Don’t wait, the only thing missing from this property is you.

Last Listed By

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 12/30/2018

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,432

Year Built

  • Built in 2004

Lot Details

  • 0.64 Acre Lot
  • Beach Front
  • Landscaped

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,693 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Ocean Views
  • Home Security System

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block s 9 & 10 / 4

Community Details

Overview

  • Southern Shores Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,432

Year Built

Built in 2004

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Security System, Sun Deck, Whirlpool/Spa, Dry Entry, Inside Laundry Room
  • Headline: Beach Front Castle
  • Heated Sq Ft: 4693
  • L V T Date: 12/30/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 183
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C15442
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite, Marble
  • Floor Coverings: Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 50
  • Home Owner Dwelling Insurance: 1700

Lot Info

  • Estimated Lot Sq Ft: 28000
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: E
  • Lot Number: Lots 9 & 10
  • Estimated Lot Size: 0.64
  • Deed Book: 1877

Rental Info

  • Est Annual Rental Income: 203010
  • Estimated Rental Performance: 0.1133
  • Flood Expenses: 4492
  • Lease Terms: Weekly
  • Maintenance Expenses: 1400
  • Other Expenses: 1440
  • Poolspa Expense: 10121
  • Rental Co: VRBO
  • Rental Cottage Name: Castle in the Sand
  • Rental Cottage Number: 387717
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 1909
  • Annual Electric: 8882
  • Annual Telephone Expense: 460
  • Annual Water Expense: 1761

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2018
  • Taxes: 11431.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2020
Sold by
Schafer John A and Schafer Jane L
Bought by
Schafer Ret
Total Days on Market
42
Current Estimated Value
$3,318,641

Purchase Details

Listed on
Dec 30, 2018
Closed on
Mar 15, 2019
Sold by
Outer Banks Castle In Snd
Bought by
Schaffer John A and Schaffer Jane L
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
List Price
$2,100,000
Sold Price
$1,791,479
Premium/Discount to List
-$308,521
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$1,433,182
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 13, 2011
Sold by
Hathorn Elizabeth C
Bought by
Outer Banks Castle In The Sand Llc

Range of Values:

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Average Value
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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
Schafer Ret -- None Available
Schaffer John A $1,791,500 --
Outer Banks Castle In The Sand Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schaffer John A $1,433,182
Previous Owner Outer Banks Castle In Sns $1,239,000
Previous Owner Hathorn Elizabeth C $975,000
Previous Owner Hathorn Elizabeth C $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2019 03/19/19 Sold $1,791,479 -8.1% $382 / Sq Ft
02/10/2019 02/10/19 Pending -- -- --
02/07/2019 02/07/19 Price Changed $1,950,000 -2.5% $416 / Sq Ft
01/15/2019 01/15/19 Price Changed $2,000,000 -4.8% $426 / Sq Ft
12/30/2018 12/30/18 For Sale $2,100,000 -- $447 / 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 $13,794 $1,834,200 $948,800 $885,400
2023 $13,794 $1,869,616 $948,800 $920,816
2022 $13,794 $1,869,616 $948,800 $920,816
2021 $13,533 $1,834,200 $948,800 $885,400
2020 $11,352 $1,869,616 $948,800 $920,816
2019 $11,352 $1,610,100 $908,900 $701,200
2018 $11,431 $1,621,000 $908,900 $712,100
2017 $11,431 $1,621,000 $908,900 $712,100
2016 $10,768 $1,621,000 $908,900 $712,100
2014 $10,768 $1,621,000 $908,900 $712,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103061

Outer Banks Association of REALTORS®

APN: 022617000