NOT LISTED FOR SALE

538 Breakers Arch Corolla, NC 27927

Estimated Value: $1,827,000 - $4,236,582

10 Beds
11 Baths
4,997 Sq Ft
$556/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $3,200,000 $640 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $17,443/month

112 Days on Market

Highlights

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

About This Home

As of December 2020

Spectacular New OceanFront 10 Bedroom Home just completed in May 2019 and located in the Uncrowded Pristine Wide Beaches of Section A Ocean Sands South with 10 GRI Rental Projection and 7,505 SQ FT UNDER ROOF ! Corolla Diamond is positioned on a spacious elevated lot to maximize the unbelievable 180 degree ocean views and situated in a Cul De Sac with direct Beach Access, Private Dune Top Deck and Private Walkway to the beach. This home boasts 10 beautifully decorated bedrooms with 8 Master Bedrooms of which Half have Ocean Views and most have their own Deck Access. The Top Floor is exquisitely decorated, bright, spacious, open and exhibits breathtaking ocean views from the Kitchen, Dining Room, Great Room, Ships Watch, Master King Bedroom, and large screen porch with picnic table and expansive deck area. Gorgeous gourmet kitchen features upgraded granite, custom Cabinets, Kitchen Aid Appliances, 2 refrigerators, 3 dishwashers, ice maker, microwave, 2 sinks, Gas Range with oven plus additional wall oven. The impressive ensuite Master King Bedroom faces the ocean with gorgeous oversized tiled bathroom that includes soaking tub, double vanities and amazing sunrises. Mid Level offers the perfect layout of 7 bedrooms and 6 bathrooms. There are 3 King bedrooms of which 2 are Master bedrooms, 3 Queen Master Bedrooms and 1 Bedroom with 2 sets of custom built in bunkbeds with USB chargers. The bedrooms facing the east all have ocean views and 6 bedrooms have deck access. The king bedroom and bunk bedroom share a bathroom and can be enjoyed as a family suite. Mid Level Deck has 1 of the 2 hot tubs and an awesome sun deck overlooking the ocean. The Ground Level exudes fun and entertainment both inside and out. Ground level features Rec Room with Pool Table, TV and granite counter bar area with sink, dishwasher and ice maker. Additionally there is a Custom Theater Room with bar seating and comfortable couches for all to experience together. Ground Level also has Master Twin Bedroom and Master double Bunk Bedroom with extra long beds. Spacious Rec Room lends access to the outside pool and cool covered bar area with awesome gas grill, TV and sink. You will be delighted with the spacious welcoming pool area and your own private dune top deck with private walkway to the beach. Corolla Diamond epitomizes stylish quality upgraded design with 5 zone heating and cooling, insulated all interior walls and ceilings, custom design trim package, water proof vinyl floor planking throughout, 10 ' ceilings on ground level, 9 ' ceilings on mid level, 3 - 110 Gallon Water Heaters with Recirculation Pump and 600 AMP service. Quality exterior features include: Smart Siding and Trim, Ground level exterior walls 2 x 10, Structual Foundation with Piling Support, Certainteed Landmark Shingles, Maintenance Free railings and Trex decking, All Windows and Sliders are Impact Resistance Glass, and more. Perfectly located with proximity to the Corolla Greenway with ease of access to shops and restaurants via foot or bike, as well as close proximity to The Currituck Club premier 18 hole Reese Jones Golf Course. This is the perfect opportunity to own a spectacular new quality built upgraded oceanfront home that offers every comfort for an amazing beach experience with awesome sunrises and sunsets plus 10 % GRI Rental Projection. Call to schedule your showing now!

Last Agent to Sell the Property

Eric Avery

Corolla Beach Realty License #263535 Listed on: 06/06/2020

Co-Listed By

Sandra LaRue

Corolla Beach Realty License #244093

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,268

Year Built

  • Built in 2019

Lot Details

  • 0.69 Acre Lot
  • Beach Front
  • 100 Feet of Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $10 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 4,997 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Saltwater Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Legal Lot and Block lot 39 / 39

Community Details

Overview

  • Ocean Sands South Association
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,268

Year Built

Built in 2019

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Rt 12 North, Turn Right into Section A. Left on Breakers Arch to the Ocean. Home located in Cul De Sac on the right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: VE
  • Subdivision Name: Ocean Sands South
  • Headline: 2019 OceanFront Amazing 10%GRI
  • Heated Sq Ft: 4997
  • L V T Date: 06/06/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 269720
  • Advertised Income 2021: 220060
  • Deed Book Pg Number: 172
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C18834
  • 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 w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 10
  • Countertops: Granite, Silestone
  • Floor Coverings: Tile, Vinyl, Hardwood, Plank
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Shipswatch, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Salt, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 152
  • View: Ocean, Sound
  • Water Frontage: 100

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 125
  • Hoa Contact: Ocean Sands South
  • HOA Contact: Ocean Sands South POA

Lot Info

  • Estimated Lot Sq Ft: 29860
  • Lot Description: Beach Frontage, Cul-de-sac, Level
  • Lot Faces: E
  • Lot Number: lot 39
  • Estimated Lot Size: 0.69
  • Deed Book: 1437

Rental Info

  • Est Annual Rental Income: 331620
  • Estimated Rental Performance: 0.1036
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Corolla Diamond
  • Rental Cottage Number: 720
  • Rental Phone Number: 800-368-3825 ext 6242
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2019

Tax Info

  • Year: 2019
  • Taxes: 7268

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2020
Closed on
Dec 1, 2020
Sold by
Corolla Diamond Llc
Bought by
Breakers Arch Llc
Seller's Agent
Eric Avery
Corolla Beach Realty
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$3,300,000
Sold Price
$3,200,000
Premium/Discount to List
-$100,000
-3.03%
Current Estimated Value
$3,059,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,525
Avg. Annual Appreciation
-2.70%

Purchase Details

Listed on
Nov 29, 2017
Closed on
Mar 13, 2018
Sold by
Jones Sally Lorie and Jones Christopher H
Bought by
Corolla Diamond Llc
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Eric Avery
Corolla Beach Realty
List Price
$1,174,000
Sold Price
$1,055,000
Premium/Discount to List
-$119,000
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.15%

Purchase Details

Closed on
Mar 18, 2011
Sold by
Jones Christopher H and Jones Sally L
Bought by
Jones Sally Lorie and Sally Lorie Jones Revocable Trust
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
Breakers Arch Llc $3,200,000 None Available
Corolla Diamond Llc $5,275,000 None Available
Jones Sally Lorie -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2020 12/03/20 Sold $3,200,000 -3.0% $640 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $3,300,000 +212.8% $660 / Sq Ft
03/13/2018 03/13/18 Sold $1,055,000 -10.1% $589 / Sq Ft View Prior Sale
02/07/2018 02/07/18 Pending -- -- --
11/29/2017 11/29/17 For Sale $1,174,000 -- $655 / 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 $18,550 $2,581,000 $850,000 $1,731,000
2024 $18,550 $2,581,000 $850,000 $1,731,000
2023 $18,534 $2,581,000 $850,000 $1,731,000
2022 $13,599 $2,581,000 $850,000 $1,731,000
2021 $14,026 $1,790,800 $850,000 $940,800
2020 $10,008 $1,320,400 $850,000 $470,400
2019 $7,268 $850,000 $850,000 $0
2018 $5,657 $1,014,500 $850,000 $164,500
2017 $5,129 $1,014,500 $850,000 $164,500
2016 $5,129 $1,014,500 $850,000 $164,500
2015 $5,129 $1,014,500 $850,000 $164,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109587

Outer Banks Association of REALTORS®

APN: 126A-000-0039-000A