NOT LISTED FOR SALE

508 Conch Crescent Corolla, NC 27927

Estimated Value: $2,228,000 - $2,702,000

9 Beds
12 Baths
5,289 Sq Ft
$468/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $2,830,000 $535 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $13,776/month

66 Days on Market

Highlights

  • Community Beach Access
  • Concrete Pool
  • Craftsman Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of August 2023

Fresh and Clean with a fine tuned palette of pure wow factor! 508 Conch Crescent is a magnificent, recently built, nine-bedroom residence located in the awesome low-density section of Ocean Sands Section B. This estate size lot is conveniently located just a few steps away from the beach access, allowing for a top floor of commanding ocean views that flow into the abundance of shaded covered decks. Designed as a rental powerhouse with top-quality amenities, making it an ideal choice for even the most selective guests. The exterior is composed of high-quality composite LP smart siding & trim, while the interior is tastefully designed with coastal finishes and high-end furnishings. This crib comes loaded with extras and fully wired as a smart home, with Samsung Smart televisions, locks, thermostats, and a Sonos sound system with speakers inside and out….an instant hit with the tech savvy guests of today. Additionally, the property features two tankless gas hot water heaters, and each floor has several owner closets. The flow is smooth and runs across three distinct levels, with elevator access to the ground floor that includes a full bath, a large rec room with a wet bar, full-size refrigerator and a theatre room. The second level has a total of six bedrooms, including three king-size beds, one queen-size bed, and two custom-built bunk rooms, each with two twin beds over two full beds, totaling eight beds between the two rooms. Each bedroom has a fresh feel and a quality designed private en-suite bath plus access to a shared or private deck overlooking the pool area, except for the bunk rooms. A dedicated double laundry room offers two washers and two dryers. The top floor features three more king-size En-Suite bedrooms with private baths and ocean views, as well as a sitting area and powder room. The kitchen is equipped with stainless steel appliances, a coffee bar, a 36-inch gas range with a commercial hood, two dishwashers, and two full-size refrigerators. The adjacent dining area seats 20 at the tables and another seven at the large island. Multiple covered decks provide shade and a great spot to sit and enjoy a meal. The large private custom concrete heated pool is vinyl fenced and has a turf lounge area, poolside television, and a shaded tiki bar with a bar sink. There is also a hot tub in the pool area along with an outside bath that includes a toilet and outside shower. Yard space is plentiful with Sod & Irrigation including a well to keep water costs at a minimum. This house has no detail overlooked and comes with an OBHOA Management Agreement. Why buy old and worn when this sweet crib is almost brand new. The newest 9 Bedroom Ocean Side home on the market in Corolla. Corolla Beaches, Wild Horses, laid back atmosphere...It's the place to call home away from home and certainly will grab your imagination. Call me today for a private tour.

Last Agent to Sell the Property

Shane Collins

SERHANT North Carolina LLC License #271508 Listed on: 05/05/2023

Last Buyer's Agent

Melissa Curry

SAGA Realty and Construction License #330672

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,813

Year Built

  • Built in 2022

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 118 x 170
  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned SFO

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Siding
  • Piling Construction

Interior Spaces

  • 5,289 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

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

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 Water
  • Well
  • Fuel Tank
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 80

Community Details

Overview

  • Association fees include common insurance, walkways
  • Margie Gaitens Association
  • Ocean Sands Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,813

Year Built

Built in 2022

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Craftsman, Coastal
  • Directions: North on Ocean Trail, Right on Seashell Lane at Section B, Right on Conch and around the bend towards ocean on right side.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Fenced Yard, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: 2022 Build & All the Amenities
  • Heated Sq Ft: 5289
  • L V T Date: 05/05/2023
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: B
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: SFO
  • Deed Book Pg Number: 3
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C15771
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 9
  • Countertops: Quartz
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Luxury Vinyl Plank
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Pantry, Utility Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Gunite, Concrete, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 118
  • View: Ocean

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Walkways
  • Association Amenities: Ocean Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 300
  • Hoa Contact: Margie Gaitens
  • HOA Contact: PO Box 157, Corolla, NC
  • Home Owner Dwelling Insurance: 3621

Lot Info

  • Estimated Lot Sq Ft: 20060
  • Lot Description: Level
  • Lot Size: 118 x 170
  • Lot Number: Lot 80
  • Estimated Lot Size: 0.46
  • Deed Book: 1701

Rental Info

  • Est Annual Rental Income: 269376
  • Estimated Rental Performance: 0.0952
  • Flood Expenses: 743
  • Lease Terms: Variable
  • Rental Co: OBHOA
  • Rental Cottage Number: OBH508
  • Rental Phone Number: 252-491-8765
  • Rental Turnover Day: Varies
  • Yearly Expense Actual Estimate: Actual
  • Rental Contact Email: gwoodson@obhoa.com
  • Rental Contact Name: Gary Woodson
  • Rental Contact Phone: 252-491-8765

Building Info

  • Year Built: 2022

Tax Info

  • Year: 2022
  • Taxes: 3813.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Aug 28, 2023
Sold by
Hallein Katrina S
Bought by
Cr3 Holding Co
Seller's Agent
Shane Collins
SERHANT North Carolina LLC
Buyer's Agent
Melissa Curry
SAGA Realty and Construction
List Price
$2,995,000
Sold Price
$2,830,000
Premium/Discount to List
-$165,000
-5.51%
Views
78
Current Estimated Value
$2,475,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$354,653
Avg. Annual Appreciation
-5.52%

Purchase Details

Listed on
May 27, 2022
Closed on
May 20, 2022
Sold by
North River Properties Llc
Bought by
52 Jefferson Inc
Seller's Agent
Rebecca Woodson
OBHOA, LLC
Buyer's Agent
Shane Collins
SERHANT North Carolina LLC
List Price
$2,650,000
Sold Price
$2,590,000
Premium/Discount to List
-$60,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%

Purchase Details

Listed on
Nov 9, 2020
Closed on
Jun 9, 2021
Sold by
Lambrow Gus A and Lambrow Kathy L
Bought by
North River Properties Llc
Seller's Agent
Ronald Ryan
Keller Williams - Outer Banks
Buyer's Agent
Gary Woodson
OBHOA, LLC
List Price
$435,000
Sold Price
$390,000
Premium/Discount to List
-$45,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
576.93%
Original Mortgage
$1,434,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 14, 1989
Bought by
Lambrow Gus A
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
Cr3 Holding Co $2,830,000 None Listed On Document
52 Jefferson Inc $1,375,000 Rose Harrison Gilreath & Power
North River Properties Llc $2,340,000 Brumsey & Brumsey Pllc
Lambrow Gus A $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner North River Properties Llc $1,434,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2023 08/28/23 Sold $2,830,000 -5.5% $535 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $2,995,000 +15.6% $566 / Sq Ft
06/29/2022 06/29/22 Sold $2,590,000 -2.3% $490 / Sq Ft View Prior Sale
05/27/2022 05/27/22 For Sale $2,650,000 +579.5% $501 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
07/01/2021 07/01/21 Sold $390,000 -10.3% -- View Prior Sale
02/18/2021 02/18/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $435,000 0.0% --
01/09/2021 01/09/21 Pending -- -- --
11/09/2020 11/09/20 For Sale $435,000 -- --
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 $9,851 $1,288,400 $290,000 $998,400
2024 $9,851 $1,288,400 $290,000 $998,400
2023 $8,749 $1,288,400 $290,000 $998,400
2022 $3,813 $662,200 $290,000 $372,200
2021 $1,479 $285,000 $285,000 $0
2020 $1,511 $285,000 $285,000 $0
2019 $1,511 $285,000 $285,000 $0
2018 $1,511 $285,000 $285,000 $0
2017 $1,368 $285,000 $285,000 $0
2016 $1,368 $285,000 $285,000 $0
2015 $1,368 $285,000 $285,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122167

Outer Banks Association of REALTORS®

APN: 126A-000-0080-000B