NOT LISTED FOR SALE

475 Land Fall Ct Corolla, NC 27927

Estimated Value: $2,980,000 - $3,245,615

8 Beds
9 Baths
7,443 Sq Ft
$413/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $2,690,000 $361 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $17,426/month

119 Days on Market

Highlights

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

About This Home

As of December 2021

Panoramic OCEAN VIEWS!! This home has it all! Spacious (~7,500 sq ft) 8 bedroom luxury oceanfront home in the alluring gated community of Spindrift in Corolla. This home offers luxury and privacy with its classic Victorian architecture and modern conveniences and upgrades. This home sits on a beautifully landscaped oceanfront lot boasting gorgeous views of the Atlantic, expansive gathering areas, and spacious bedroom suites. On the top floor you'll find lofty ceilings, classic columns, giant custom windows overlooking the Atlantic Ocean, and open living space in the main living area. The living room and ocean view sitting area open to the dining room, an open ship's watch, breakfast nook, and gourmet kitchen. Any chef will be impressed with the large kitchen complete with professional cookware, abundant countertop and storage space, two glass cooktops, two ovens, two new dishwashers, four sinks, and an island with seating for three. You can choose to dine at the large dining room table, in the comfortable breakfast nook, or even outside on the fully furnished sun deck with amazing views. Also on the top level is the media room, laundry, and master suite with a spiraling four-poster king bed, deck access, sitting room and bathroom with double vanities, antique mirrors and chandelier, whirlpool tub and five foot marble shower with dual shower heads. The mid-level begins as you walk in the elegant grand foyer with the circular staircase and granite floors.The foyer opens to an oceanside library and den area, great for relaxing. On this floor is five bedrooms and another laundry room, including two oceanfront king bedrooms with shared bath and deck access, two other king master bedrooms with deck access, and a master bedroom with two queen beds. The ground level hosts great entertaining space with a game room with pool table, foosball table, air hockey table and kitchenette, as well as another media room with plenty of seating. Also on the first level is a two car garage and two master suites, one with two queen beds, and one with a queen and a daybed. The rec room directly opens up into all that the outdoor space has to offer, including the large 16' x 32' private pool, hot tub, over 120' of oceanfront, and direct access to the beach walkway. New updates in April 2018 include new carpeting on second and third levels and new sand fencing on oceanfront. In 2019 two new dishwashers, new double oven, and new stackable washer/dryer.

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 05/07/2021

Co-Listed By

Max Konstanzer

Four Seasons Realty License #290410

Last Buyer's Agent

Jack & Carol Riggle

Outer Banks Realty Group License #185778

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,167

Year Built

  • Built in 1998

Lot Details

  • Beach Front
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $79 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Victorian Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 7,443 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Home Theater
  • Loft
  • Game Room
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Freezer
  • Second Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

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

Pool

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

Outdoor Features

  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 16

Community Details

Overview

  • Association fees include road maintenance, security, tennis courts, walkways
  • Amy Cherry Association
  • Spindrift Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,167

Year Built

Built in 1998

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Victorian, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Whirlpool/Spa, Dry Entry, Inside Laundry Room
  • Headline: Views!! Luxury 8BR w Elevator
  • Heated Sq Ft: 7443
  • L V T Date: 05/07/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 777
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14915
  • 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, Freezer, Ice Machine, Microwave, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Floor Coverings: Carpet, Tile, Wood
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Loft, Shipswatch, Media Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 2 Car
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Non Conventional Septic, Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 950
  • Hoa Contact: Amy Cherry
  • HOA Contact: amycherry@cox.net
  • Home Owner Dwelling Insurance: 7602

Lot Info

  • Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
  • Lot Number: Lot 16
  • Deed Book: 426

Rental Info

  • Est Annual Rental Income: 236090
  • Estimated Rental Performance: 0.0878
  • Other Insurance Expenses: 3296
  • Poolspa Expense: 4629
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Tern of the Century
  • Rental Cottage Number: 109
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 3024
  • Annual Electric: 5577
  • Annual Water Expense: 1711
  • Rental Contact Email: elaine.meadows@carolinadesigns.com
  • Rental Contact Name: Elaine Meadows

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2020
  • Taxes: 10166.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2025
Sold by
Jarosinski Stephen J and Andrea Jarosjnfki
Bought by
Phx Services Llc
Current Estimated Value
$3,076,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,400,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$676,904

Purchase Details

Closed on
Oct 8, 2025
Sold by
Demar Mark and Demar Terrie
Bought by
Jarosinski Stephen J and Jarosinski Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,400,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$676,904

Purchase Details

Listed on
May 7, 2021
Closed on
Nov 30, 2021
Sold by
Gw-Tern Llc
Bought by
Demar Mark and Demar Terrie
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Jack & Carol Riggle
Outer Banks Realty Group
List Price
$2,999,000
Sold Price
$2,690,000
Premium/Discount to List
-$309,000
-10.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.36%
Original Mortgage
$2,017,500
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 1998
Bought by
Grey Wolf Investments Llc and C
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
Phx Services Llc -- None Listed On Document
Jarosinski Stephen J $3,000,000 None Listed On Document
Demar Mark $2,690,000 Gray E Crouse
Grey Wolf Investments Llc $399,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarosinski Stephen J $2,400,000
Previous Owner Demar Mark $2,017,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2021 12/02/21 Sold $2,690,000 -3.6% $361 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/20/2021 08/20/21 Price Changed $2,790,000 -7.0% $375 / Sq Ft
05/07/2021 05/07/21 For Sale $2,999,000 -- $403 / 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 $14,712 $1,981,100 $950,000 $1,031,100
2024 $14,712 $1,981,100 $950,000 $1,031,100
2023 $14,696 $1,981,100 $950,000 $1,031,100
2022 $10,803 $1,981,100 $950,000 $1,031,100
2021 $10,788 $1,850,300 $1,000,000 $850,300
2020 $10,167 $1,850,300 $1,000,000 $850,300
2019 $10,302 $1,850,300 $1,000,000 $850,300
2018 $10,302 $1,842,700 $1,000,000 $842,700
2017 $9,297 $1,842,700 $1,000,000 $842,700
2016 $9,297 $1,842,700 $1,000,000 $842,700
2015 $9,164 $1,842,700 $1,000,000 $842,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114257

Outer Banks Association of REALTORS®

APN: 127A-000-0016-0000