NOT LISTED FOR SALE

511 Caswell Beach Rd Oak Island, NC 28465

Estimated Value: $3,543,000 - $4,193,000

5 Beds
5.5 Baths
4,462 Sq Ft
$869/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $3,900,000 $874 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $22,250/month

Highlights

  • In Ground Pool
  • Waterfront
  • Deck
  • Ocean Side of Freeway
  • 0.34 Acre Lot
  • Wood Flooring

About This Home

As of April 2024

There are residences that remain unsurpassed because of ocean vistas, others for elbow room, several have coveted design elements, few are the embodiment of luxury, and the rare ones are of unmatched quality. What you'll find at 511 Caswell Beach Road is a property that combines all of the above, making for an opportunity that, until now, has yet to come along...Tom and Frances began with their quest for the perfect homesite in 2016. After considering both Caswell and Oak Island Beaches, they were captivated by the subject property, previously home to a dilapidated boardwalk. Following their vision, they entrusted Jeff Sanderson of Whitney Blair Custom Homes, a two-time NC recipient of the Southern Living custom builder of the year award, to bring their dream to life.It's no secret that Caswell Beach is an address that speaks for itself and when coupled with the added protection of the dunes, this home becomes an unrivaled coastal haven.The home's superiority extends beyond its breathtaking location. The quality of materials used for siding, windows, doors, decking, flooring, lighting, plumbing, roofing, heating & cooling sets a new standard. While the residence effortlessly exudes style and luxury, it's the meticulous attention to detail and investment in what lies behind the scenes that distinguishes this property from all others. Generosity of space defines this home, providing an ideal setting for family visits and enjoyment, both indoors and outdoors. The thoughtful design ensures ample room for every occasion.As an additional convenience, the property features an elevator, offering accessibility and ease of living throughout this exceptional coastal retreat. Elevate your lifestyle in this unparalleled oceanfront residence where every aspect reflects a commitment to excellence.

Last Agent to Sell the Property

Robert Carroll

RE/MAX Southern Coast License #262808 Listed on: 03/10/2024

RE/MAX Southern Coast

Co-Listed By

Donna Findlay

RE/MAX Southern Coast License #219274

Last Buyer's Agent

Robert Carroll

RE/MAX Southern Coast License #262808 Listed on: 03/10/2024

RE/MAX Southern Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,257

Year Built

  • Built in 2019

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x201x75x197
  • Waterfront
  • Wood Fence
  • Decorative Fence
  • Property is zoned CB-R12-SF

Home Design

  • Reverse Style Home
  • Wood Frame Construction
  • Metal Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 4,462 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 3 Fireplaces
  • Gas Log Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Combination Dining and Living Room
  • Water Views
  • Basement

Kitchen

  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Home Security

  • Home Security System
  • Intercom
  • Fire and Smoke Detector

Parking

  • Driveway
  • Additional Parking

Outdoor Features

  • In Ground Pool
  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Schools

  • Southport Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Tankless Water Heater
  • Propane Water Heater
  • Fuel Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 251jb027

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,257

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2019
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 3+
  • Flooring: Tile, Wood
  • Heated Sq Ft: 4000 - 4499
  • Interior Amenities: 1st Floor Master, 9Ft+ Ceilings, Basement, Blinds/Shades, Ceiling Fan(s), Elevator, Foyer, Furnished, Gas Logs, Intercom/Music, Kitchen Island, Mud Room, Pantry, Reverse Floor Plan, Security System, Smoke Detectors, Solid Surface, Walk-in Shower, Walk-In Closet, Wet Bar
  • List Price per Sq Ft: 895.79
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Bedrooms: 5
  • Sq Ft Heated: 4462.00
  • Total Heated Primary Separate Sq Ft: 4462.00

Exterior Features

  • Exterior Finish: Fiber Cement
  • Fencing: Metal/Ornamental, Wood
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Covered, Deck, Open, Patio, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Additional Parking, Concrete

Utilities

  • Cooling System: Central, See Remarks
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Heating System: Other-See Remarks
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Propane, Tankless
  • HeatingSystemFuelSource: Geo Thermal

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 552.00
  • Lot Acres: 0.34
  • Lot Dimensions: 75x201x75x197
  • Lot Sq Ft: 14898.00
  • Lot Water Features: Ocean Side
  • Plat Book: 8
  • Plat Page: 96
  • Special Assessments: None.
  • Zoning: CB-R12-SF

Tax Info

  • Tax Identifier: 251jb027
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 14257.10

MLS Schools

  • Elementary School: Southport
  • High School: South Brunswick
  • Middle School: South Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2016
Closed on
Mar 17, 2017
Sold by
Adams Holdings Llc
Bought by
Lott Thomas Joseph and Lott Frances Michelle
Seller's Agent
L Haraway Group
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Robert Carroll
Intracoastal Realty Corp
List Price
$749,000
Sold Price
$605,000
Premium/Discount to List
-$144,000
-19.23%
Current Estimated Value
$3,858,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,253,104
Avg. Annual Appreciation
24.44%

Purchase Details

Closed on
Sep 25, 2007
Sold by
Property Development Group Llc
Bought by
Adams Holdings Llc

Purchase Details

Closed on
May 5, 2007
Sold by
Mcclan & Bold Inc
Bought by
Property Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2005
Sold by
Gilbert Sallie P
Bought by
Oak Island Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Lott Thomas Joseph $605,000 None Available
Adams Holdings Llc $1,100,000 None Available
Property Development Group Llc -- None Available
Oak Island Properties Llc $1,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lott Thomas Joseph $836,000
Previous Owner Adams Holdings Llc $1,700,000
Previous Owner Property Development Group Llc $1,450,000
Previous Owner Oak Island Properties Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Sold $3,900,000 -2.4% $874 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
03/10/2024 03/10/24 For Sale $3,997,000 +560.7% $896 / Sq Ft
03/17/2017 03/17/17 Sold $605,000 -19.2% $630 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
07/01/2016 07/01/16 For Sale $749,000 -- $780 / Sq Ft
Source: Hive MLS

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 $14,745 $2,437,880 $1,200,000 $1,237,880
2023 $13,192 $2,437,880 $1,200,000 $1,237,880
2022 $0 $1,539,350 $550,000 $989,350
2021 $3,755 $1,539,350 $550,000 $989,350
2020 $0 $1,539,350 $550,000 $989,350
2019 $11,651 $640,320 $550,000 $90,320
2018 $3,858 $502,690 $500,000 $2,690
2017 $3,858 $502,690 $500,000 $2,690
2016 $3,755 $502,690 $500,000 $2,690
2015 $3,755 $502,690 $500,000 $2,690
2014 $4,924 $753,091 $750,000 $3,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100432024

Hive MLS

APN: 251JB027