NOT LISTED FOR SALE

473 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,763,000 - $4,155,000

9 Beds
8.5 Baths
6,136 Sq Ft
$593/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $3,300,000 $538 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $21,681/month

139 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Home Theater
  • Community Beach Access
  • Health Club
  • Cabana

About This Home

As of June 2021

This rare beauty was completely rebuilt in 2011 with exceptional craftsmanship and timeless beauty. This custom masterpiece is unlike anything else on the Outer Banks and is nothing short of spectacular. No expense was spared in the major renovation and all major components were replaced including all the windows by Marvin Windows, doors, roof, and siding. A large addition transformed Sweet Caroline into a 9 bedroom, 8 1/2 bathroom work of art. In all 6 owner suites you will find the detail to surpass your expectations. The 6 bunk bed bunk room features custom built in bunk beds with a nautical flare. The great room offers panoramic ocean views and a chefs kitchen dreams are made of! The black mahogany kitchen island is a focal point. The commercial 6 burner gas range is by Fivestar and compliments the commercial freezer and refrigerator by Everest. The cathedral ceilings are adorned with stunning wood beams and the teak and holly wood hearth compliments the living area. You can work from the private office on the 4th level overlooking the great room. The custom 18x30, 10 feet deep pebble tech finished pool has a large sunning deck and is surrounded by a granite stone pool deck. You will love the pool house game room with tiki bar, kitchenette, and full bathroom that opens to the pool. The private beach walk way has an additional shower and foot wash and leads you to some of the most beautiful beaches on the Outer Banks. All light fixtures are by Restoration Hardware as is most all the furniture. The custom painted floors in each room offer unparalleled elegance. Fully handicap accessible ground level bedroom with elevator access nearby. Large theater room on the ground level offers endless entertainment for everyone in the family. Custom tile work throughout the home is both classic with a modern and updated feel. Each room is finished with exceptional wood work. Sweet Caroline has a strong proven rental history consistently producing $300,000+ in gross rental income. This home is one you must see to believe. New exterior paint December of 2020.

Last Listed By

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 08/29/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,712

Year Built

  • Built in 1993

Lot Details

  • 0.86 Acre Lot
  • Beach Front
  • 81 Feet of Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Lot includes common area
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $202 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 6,136 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Theater
  • Loft
  • Game Room
  • Screened Porch
  • Utility Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Indoor Grill
  • Microwave
  • Second Refrigerator
  • Freezer
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops
  • Butcher Block Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Garage Door Opener
  • Off-Street Parking
  • Reserved Parking

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 17

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, sewer/septic, tennis courts, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,712

Year Built

Built in 1993

Lot Details

0

HOA Fees

$202 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: From Ocean Trail, east onto Black Pine. Left onto North Cove, follow North Cove towards ocean. Left onto Pipsis, house at end on right.
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Garage Door Opener, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Screened Porch, Security System, Smoke Detector(s), Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: VE
  • Subdivision Name: Pine Island PUD
  • Headline: Custom Oceanfront Masterpiece
  • Heated Sq Ft: 6136
  • L V T Date: 08/29/2020
  • Roads: Paved, Private, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 319227
  • Advertised Income 2021: 370595
  • Deed Book Pg Number: 19
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Freezer, Indoor Grill, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: Ground
  • Kitchen: On Level: 3
  • Countertops: Granite, Solid Wood Butcher Block
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s), Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Dining Room: On Level: 3
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Optional Rooms: Foyer, Game Room, Loft, Office, Utility Room, Shipswatch, Home Theater, Media Room
  • Partial Bathrooms: 1
  • Optional Room 1: On Level: 3

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Concrete, Custom, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 39
  • View: Ocean
  • Water Frontage: 81

Garage/Parking

  • Parking: Paved, Reserved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Sewer/Septic, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Off Site Pool, Outdoor-Comm. Tennis, Outdoor-Off Site Tennis, Park, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2425
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Estimated Lot Sq Ft: 37461
  • Lot Description: Adj. To Common Area, Beach Frontage, Cul-de-sac, Level, Water Frontage
  • Lot Faces: W
  • Lot Number: Lot 17
  • Estimated Lot Size: 0.86
  • Deed Book: 1293

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Sweet Caroline
  • Rental Cottage Number: E017
  • Rental Phone Number: 866-457-1190
  • 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: 1993

Tax Info

  • Year: 2019
  • Taxes: 9712.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2020
Closed on
Jun 9, 2021
Sold by
Pipsis Property Management Llc
Bought by
Miller Brent and Miller Amy
Seller's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$3,349,000
Sold Price
$3,300,000
Premium/Discount to List
-$49,000
-1.46%
Total Days on Market
139
Current Estimated Value
$3,638,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,685
Avg. Annual Appreciation
5.68%
Original Mortgage
$2,310,000
Outstanding Balance
$2,127,509
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,965,767

Purchase Details

Closed on
Jun 5, 2014
Sold by
Letendre Elizabeth E
Bought by
Pipsis Property Management Llc

Purchase Details

Closed on
Apr 13, 2013
Sold by
Pipsis Property Management Llc
Bought by
Letendre Elizabeth A

Purchase Details

Closed on
Jul 20, 2012
Sold by
Le Tendre Elizabeth E
Bought by
Pipsis Property Management Llc

Purchase Details

Closed on
Jun 3, 2010
Sold by
Weschler Richard J and Weschler Sheila M
Bought by
Letendre Elizabeth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Range of Values:

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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
Pipsis Property Management Llc -- None Available
Letendre Elizabeth A -- None Available
Pipsis Property Management Llc -- None Available
Letendre Elizabeth E $1,375,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Amy T $2,310,000
Previous Owner Letendre Elizabeth E $1,100,000
Previous Owner Letendre Elizabeth E $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $3,300,000 -1.5% $538 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
08/29/2020 08/29/20 For Sale $3,349,000 -- $546 / 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 $14,499 $1,973,600 $1,410,200 $563,400
2023 $12,862 $1,973,600 $1,410,200 $563,400
2022 $10,645 $1,973,600 $1,410,200 $563,400
2021 $10,630 $1,754,400 $1,211,900 $542,500
2020 $9,712 $1,754,400 $1,211,900 $542,500
2019 $9,712 $1,754,400 $1,211,900 $542,500
2018 $9,712 $1,754,400 $1,211,900 $542,500
2017 $8,801 $1,754,400 $1,211,900 $542,500
2016 $8,713 $1,754,400 $1,211,900 $542,500
2015 $8,713 $1,754,400 $1,211,900 $542,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110762

Outer Banks Association of REALTORS®

APN: 127C-000-0017-0000