NOT LISTED FOR SALE

505 Breakers Arch Corolla, NC 27927

Estimated Value: $1,371,000 - $1,890,135

6 Beds
5.5 Baths
3,948 Sq Ft
$404/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $1,925,000 $488 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $8,906/month

4 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture
  • Ocean Front
  • Second Refrigerator
  • Engineered Wood Flooring

About This Home

As of June 2022

Stunning Ocean Views! Perfect Pool Privacy! Turn the Key (or enter the code) and Enjoy! Direct Beach Access! 505 Breakers Arch is a modern coastal cottage that is ready right now for personal enjoyment or vacation guests or both! The fun starts in the enormous pool that is surrounded by mature vegetation and plantings. Smartly positioned on the east side of the house, you will enjoy the smell of salt air and a cool breeze in the shade or a cool drink in the sun depending on your pleasure. The hot tub and grill are on the pool deck and there is plenty of room for everyone in or out of the pool (which is heated, of course). Also, outside there is a great outdoor shower, covered parking and storage for toys. The wrap around decks offer it all—sun, shade, views, sunsets, sunrises, breezes, cushioned couches, pub tables and great spaces for hammocks and rocking chairs. Inside from the top, the ships-watch sets the tone with commanding views of the ocean over the boardwalk. This cozy seating area is the perfect spot to enjoy conversation or a summer read! Take a few steps down to the top floor living area. The cathedral ceilings and wall of windows offer the light and views that will mesmerize you all year long. The finishes are crisp, modern and understated. The functionality is on-point with plenty of room in the kitchen, at the dining table and in the living area centered on the gorgeous modern fireplace. The primary bedroom on this level has direct deck access, ocean views, a cathedral ceiling and a beautiful ensuite bath with separate linen closet, shelves, separate vanities and a tiled shower. A few steps down from the main floor is a great office space under the ships watch. The mid-level has two ensuite bedrooms with king beds and direct deck access. There is another king bedroom and a queen with direct access that share another beautiful bath. The ground floor has a large game room with a pool table, wet bar and additional refrigerator. There is also a large bedroom with plenty of room for a king and another full bath and the laundry room. There is ample indoor storage on this level as well. This home flows like a dream and the floors and décor tie it all together nicely. It feels like home. The neighborhood features private beach access which is just steps away. The large lots create a low-density development with native vegetation that feels and is as “beachy” as it gets. A large sidewalk makes biking to shops in Corolla or Duck a fun and safe adventure! The owners have used the home as a rental in the past and have lived in the home for the past two years. The weeks will fill up quickly if you decide to rent or better yet make this your home for the summer and beyond! Hurry...you better claim this slice of paradise quickly to get your beach on in style!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 04/27/2022

Last Buyer's Agent

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 04/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,521

Year Built

  • Built in 1998

Lot Details

  • 0.5 Acre Lot
  • Ocean Front
  • Cul-De-Sac
  • Fenced Yard

HOA Fees

  • $10 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,948 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 19

Community Details

Overview

  • Bob Weatherwax Association
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,521

Year Built

Built in 1998

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: From the CDR office at 1197 Duck Road, take a right heading north on Duck Rd (Hwy 12). Continue on for 9 miles and turn right onto Ocean Way and then the next right onto Breakers Arch. The house is the second to the last on the left at the end of the cul-de-sac.
  • Extras: Ceiling Fan(s), Fenced Yard, Hot Tub, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: OPEN FOR SUMMER 2022 FUN!
  • Heated Sq Ft: 3948
  • L V T Date: 04/27/2022
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: RES
  • Deed Book Pg Number: 509
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Floor Coverings: Carpet, Tile, Engineered Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Electric Fireplace
  • Optional Rooms: Foyer, Game Room, Office, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: 3 + Car, Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 125
  • Hoa Contact: Bob Weatherwax
  • HOA Contact: osspoa.org

Lot Info

  • Estimated Lot Sq Ft: 21590
  • Lot Description: Cul-de-sac
  • Lot Number: Lot 19
  • Estimated Lot Size: 0.50
  • Deed Book: 638

Rental Info

  • Rental Co: Carolina Designs

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2021
  • Taxes: 4520.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2002
Bought by
Kelley William G and Kelley Lori H
Current Estimated Value
$1,595,284
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kelley William G $905,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2022 06/13/22 Sold $1,925,000 -1.3% $488 / Sq Ft
05/01/2022 05/01/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $1,950,000 -- $494 / 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 $6,151 $786,300 $360,000 $426,300
2024 $6,151 $786,300 $360,000 $426,300
2023 $6,120 $786,300 $360,000 $426,300
2022 $4,446 $786,300 $360,000 $426,300
2021 $4,521 $737,300 $378,000 $359,300
2020 $4,273 $737,300 $378,000 $359,300
2019 $4,273 $737,300 $378,000 $359,300
2018 $0 $737,300 $378,000 $359,300
2017 $3,875 $737,300 $378,000 $359,300
2016 $3,884 $737,300 $378,000 $359,300
2015 -- $737,300 $378,000 $359,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118627

Outer Banks Association of REALTORS®

APN: 126A-000-0019-000A