NOT LISTED FOR SALE

701 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,766,788 - $4,951,000

18 Beds
20 Baths
10,134 Sq Ft
$433/Sq Ft Est. Value

Sale Details

Date Sold: April 3, 2019

Last sale price $3,250,000 $321 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $25,876 / mo

48 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • Home Theater
  • First Flight Middle School Rated A-
  • Guest House
  • Cabana

About This Home

As of April 2019

OCEANFRONT: Lane Five Star, Five Diamond, 18 Bedrooms (16 Master Suites), 18 Full Baths and 2 Half Baths, sleeps 44. This gracious four level Mediterranean design has unsurpassed panoramic views of the Atlantic Ocean. This palatial estate features an Extravagant Great Room, Regal Dining Rooms, State-of-the-Art Theater Room and Electronics throughout, Gentleman's Sports Bar, Recreation Room, Library, Sitting Room with Cappuccino/Coffee Bar, 50' Heated Infinity Pool with Beach Entry, 1080 sq.ft. Lane Signature Pool House with sauna and much, much more!!! Exquisitely appointed featuring Old World elegance and quality craftsmanship throughout, this estate home includes a marble foyer, custom iron balustrades, hand painted murals and endless ornate custom designed Italian marble. It is professionally decorated with the finest custom furnishings and it features state-of-the art electronics. Upon entering, you will find Italian Marble Flooring with custom mosaic inlays, Custom Designer Lighting, Exotic Bamboo Cane Treads and flooring, and Bronze and Gold Balusters. Hand-painted Columns with Corinthian Capitals and Arches at entryways guide you from room to room. You'll be stunned by the Gorgeous Custom touches and finishes; to include Hand-painted Murals, Custom Cabinetry, Solid Wood Stained panel Doors, Wall-mounted Touch Screen Electronic Controls, Tray, Barrel, Dome and Handcrafted Coffered Ceilings, Mahogany raised panel Wainscoting with three piece chair rail, Exotic Stone Countertops, Beautiful Expansive floor to ceiling Windows with exceptional detail, Priceless Hand-painted Mural throughout the Glass Elevator shaft, Three Fireplaces (one see-through) with Marble, Stone Finishes, Old World Finish, etc.. High end furnishings are found throughout the home; such as Ambella, Royal Patina; Stanley, Benetti's Italia, Highland House, Custom Luxury Handmade Silk bedding by renowned Ruby Collection, John Richard etc. Elegant Great Room features detailed arches and columns with Corinthian columns, custom lighting, original hand painted murals, fabulous oil paintings, gas fireplace, multiple sitting areas and gorgeous ocean views.Grande Regal Dining and the Fabulous Gourmet Kitchen include seating for forty-two. The Expansive gentleman's sports bar features coffered ceilings with a hand painted dome, mahogany paneled wainscoting, kitchenette with refrigerator, dishwasher, commercial icemaker, wine cooler, billiard table, game table, 3 Flat screen TVs, karaoke player and surround sound. Enclosed Sound Proof Grand Theater Room features 119" projection screen, with HD projector and Blu-ray DVD player, fiber optic twinkling star tray ceiling, reclining over-sized theater seating and Netflix. The Recreation Room is equipped with billiard table, foosball and 2 Flat screen TVs. Luxurious Exterior Living: A fabulous 30' x 36' Lane Signature pool house is equipped with a wet bar, icemaker, refrigerator, sauna, full bath, TV, iPod dock, custom stone gas fireplace, finished with limestone and travertine. The second level features two bedrooms, living room with sleeper sofa and full bath with pool side and oceanside decks. The third level is complimented with a travertine natural stone sundeck above. Escape to your own private walkway to the ocean. Enjoy the ambiance of the custom stone waterfall flowing into the sculpted underwater colored, LED lighted, 50x 24 pool with beach entry, swim-up bar, infinity edge, travertine fountain columns with urns and 2 built-in hot tubs with stone surround and poolside music and lush tropical landscaping filled with palm trees. Expansive Bar and game area under the house adds more outdoor living and entertainment. This property Generates income over $440,000 a year consistently. Property has large dune Previously known as “The Nub” where Professional Hangliders used this dune to teach classes and for recreational purposes. Current appraisal on file for 4.3M. Call agent about guaranteed rents.

Last Agent to Sell the Property

Michael Siers

Howard Hanna Outer Banks Realty License #269494 Listed on: 01/30/2019

Howard Hanna Outer Banks Realty

Co-Listed By

Stacy Siers

Howard Hanna Outer Banks Realty License #253800

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,171

Year Built

  • Built in 2014

Lot Details

  • 23,000 Sq Ft Lot
  • Ocean Front
  • Fenced Yard
  • Landscaped
  • Sprinkler System

Parking

  • Off-Street Parking

Home Design

  • Mediterranean Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Synthetic Stucco Exterior

Interior Spaces

  • 10,134 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Library
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Second Dishwasher
  • Marble Countertops
  • Granite Countertops
  • Wood Countertops

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 18 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Beach Access
  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Additional Features

  • Handicap Accessible
  • Guest House

Community Details

  • Community Boardwalk

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,171

Year Built

Built in 2014

Lot Details

0.53 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Mediterranean
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Steam Room, Sun Deck, Whirlpool/Spa, Tiki Bar, Roof Top Deck, Dry Entry, Inside Laundry Room
  • Headline: Luxury Oceanfront Estate
  • Heated Sq Ft: 10134
  • L V T Date: 01/30/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0297
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25588
  • 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, Ice Machine, Microwave, Range/Oven, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 18
  • Countertops: Granite, Marble, Wood
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Marble
  • Foundation: Piling
  • Full Bathrooms: 18
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Library/Study, Pantry, Utility Room, Home Theater, Media Room, Guest House
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Synth Stucco
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Electric, Heat Pump
  • Fuel Tanks: Owned
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 23000
  • Lot Description: Water Frontage
  • Lot Number: Lot 1
  • Estimated Lot Size: 0.53
  • Deed Book: 2044

Rental Info

  • Est Annual Rental Income: 496420
  • Estimated Rental Performance: 0.1527
  • Lease Terms: Weekly
  • Other Insurance Expenses: 13534
  • Poolspa Expense: 5057
  • Rental Co: Brindley Beach Vacations
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 5073
  • Annual Electric: 11268
  • Annual Telephone Expense: 814
  • Annual Water Expense: 9135
  • Rental Contact Name: Brindley Beach

Building Info

  • Year Built: 2014

Tax Info

  • Year: 2018
  • Taxes: 22171

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2026
Sold by
Virginia Dare Llc
Bought by
Dpp Properties Llc
Current Estimated Value
$4,384,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,215,000
Outstanding Balance
$3,211,866
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,172,581

Purchase Details

Closed on
Aug 26, 2015
Sold by
Lane William J and Lane Kimberly H
Bought by
Lane Investment Properties Nc Llc

Purchase Details

Closed on
Mar 21, 2014
Sold by
Lane Kimberly H and Lane William J
Bought by
Lane Kimberly H and Lane William J

Purchase Details

Closed on
Dec 31, 2013
Sold by
Lane Investment Properties Nc Llc
Bought by
Lane Kimberly H and Lane William J

Purchase Details

Closed on
Sep 4, 2012
Sold by
First Troy Spe Llc
Bought by
Lane Investment Properties Nc Llc

Purchase Details

Closed on
Oct 18, 2010
Sold by
Mpf Investment Company Lp
Bought by
First Troy Spe Llc

Purchase Details

Closed on
May 6, 2010
Sold by
Mpf Investment Company Lp
Bought by
First Troy Spe Llc

Purchase Details

Closed on
May 18, 2007
Sold by
Kimberly H Lane Investments Inc
Bought by
Lane Kimberly H

Purchase Details

Closed on
Feb 5, 2007
Sold by
Mpf Investment Company Lp
Bought by
C & C Retreat Llc

Purchase Details

Closed on
Dec 28, 2006
Sold by
Mpf Investment Company Lp
Bought by
C & C Retreat Llc
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Dpp Properties Llc $3,840,000 None Listed On Document
Lane Investment Properties Nc Llc -- Attorney
Lane Kimberly H -- None Available
Lane Kimberly H -- None Available
Lane Investment Properties Nc Llc $577,000 None Available
First Troy Spe Llc $850,000 None Available
First Troy Spe Llc $850,000 None Available
Lane Kimberly H -- None Available
C & C Retreat Llc -- None Available
C & C Retreat Llc -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Dpp Properties Llc $3,215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2019 04/03/19 Sold $3,250,000 -7.1% $321 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
02/04/2019 02/04/19 Price Changed $3,499,000 -18.6% $345 / Sq Ft
01/30/2019 01/30/19 For Sale $4,299,000 -- $424 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $25,780 $4,619,600 $1,248,000 $3,371,600
2024 $18,795 $3,215,400 $904,800 $2,310,600
2023 $24,991 $3,307,824 $904,800 $2,403,024
2022 $23,833 $3,307,824 $904,800 $2,403,024
2021 $11,916 $3,307,824 $904,800 $2,403,024
2020 $23,833 $3,307,824 $904,800 $2,403,024
2019 $22,589 $2,505,700 $690,600 $1,815,100
2018 $22,170 $2,505,700 $690,600 $1,815,100
2017 $22,093 $2,505,700 $690,600 $1,815,100
2016 $20,978 $2,496,700 $690,600 $1,806,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103451

Outer Banks Association of REALTORS®

APN: 027931000

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