NOT LISTED FOR SALE

705 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,244,000 - $3,776,000

10 Beds
12 Baths
6,232 Sq Ft
$566/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $3,400,000 $546 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $20,149/month

26 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Cabana
  • First Flight Middle School Rated A-
  • Home Theater
  • 0.75 Acre Lot

About This Home

As of November 2023

It doesn’t get any better than this “LIVING THE DREAM” at this beautiful & luxurious well-appointed 10 bedroom (9 masters) oceanfront estate. ONLY the best amenities provided. Dune top gazebo with lighted beach boardwalk, (enjoy stunning sunrises and breath-taking ocean views), outdoor cabana, hot tub and heated pool. ELEVATOR, state of the art cinema movie theatre, top level open floor plan seamlessly blends the living room, dining and kitchen areas perfect for entertaining. Gourmet kitchen, recreation/game room offering what guests like best, pool table, foosball, big screen smart tv, equipped kitchenette/bar and more! The home has 14 Smart TV's as well as 1GB Spectrum Internet service, WiFi 6 mesh network. Exterior painting is ongoing maintenance as needed north and south sides painted 2022 E. and West 2020. That’s why it looks so great. CALL your investors, stellar rental income for past 12 years with a rate increase for 2024. Owner estimated income for 2024 $405,980! Owner’s top priority is excellence maintenance of this beautiful home, special attention to every detail! Over $178,000 invested in improvements since 2020: (3 new heat pumps, Pool resurfaced, new hot tub, New LTV flooring in 11 rooms, New smart TVs throughout, 2 Bosch dishwashers, hot water tank, new indoor and outdoor furniture with exquisite decor, new seating for theatre room..much more (see list provided in associated documents) Arabella has its own website which will be conveyed to new owner. *Saving benefits to owner. Energy Sentry system installed 2018 to qualify for Schedule 1-P Residential power rates; Dominion estimated 13.3% cost savings over first 4 years operations. Our guests’ comments put it best “The home was wonderful with everything we could possibly need …we had a perfect vacation”. “Beach was perfect, no crowds because there was no public beach access nearby Elevator was awesome”

Last Agent to Sell the Property

Joanne Kepler

Beach Realty & Construction- Corolla License #190335 Listed on: 09/14/2023

Co-Listed By

Oksana Holovanenko

Beach Realty & Construction- Corolla License #332344

Last Buyer's Agent

Molly Kundis

RE/MAX Coastal Associates - Outer Banks License #312952

RE/MAX Coastal Associates - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,504

Year Built

  • Built in 2005

Lot Details

  • 0.75 Acre Lot
  • Beach Front
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned OIR

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Metal Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 6,232 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Gazebo

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank

Community Details

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,504

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Gazebo, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Heated Sq Ft: 6232
  • L V T Date: 09/14/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: OIR
  • Advertised Income 2022: 266020
  • Deed Book Pg Number: 0325
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C3297
  • 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, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 10
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Washer Connection
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle, Metal
  • View: Ocean, Park Serv/Preserve

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Fuel Tanks: Leased
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 15153

Lot Info

  • Estimated Lot Sq Ft: 32852
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Estimated Lot Size: 0.75
  • Deed Book: 1893

Rental Info

  • Est Annual Rental Income: 399000
  • Estimated Rental Performance: 0.1174
  • Flood Expenses: 3447
  • Lease Terms: Weekly
  • Poolspa Expense: 5978
  • Rental Co: Carolina Designs
  • Annual Cable TV Expense: 4125
  • Annual Electric: 5445
  • Annual Water Expense: 2260
  • Rental Contact Email: rma@carolinadesigns.com
  • Rental Contact Name: Elaine Meadows
  • Rental Contact Phone: 800 368 3825

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2023
  • Taxes: 17504

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Nov 9, 2023
Sold by
Mattox Joel D and Mattox Ken Elaine
Bought by
Maggie Cooper Realty Llc
Seller's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
Buyer's Agent
Molly Kundis
RE/MAX Coastal Associates - Outer Banks
List Price
$3,800,000
Sold Price
$3,400,000
Premium/Discount to List
-$400,000
-10.53%
Views
26
Current Estimated Value
$3,525,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,121
Avg. Annual Appreciation
1.90%

Purchase Details

Closed on
Apr 2, 2012
Sold by
705 South Llc
Bought by
Mattox Joel D
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
Maggie Cooper Realty Llc $3,400,000 None Listed On Document
Mattox Joel D $1,599,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2023 11/09/23 Sold $3,400,000 -10.5% $546 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $3,800,000 -- $610 / 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
2024 $17,505 $2,271,900 $1,145,500 $1,126,400
2023 $17,505 $2,316,956 $1,145,500 $1,171,456
2022 $16,694 $2,316,956 $1,145,500 $1,171,456
2021 $16,694 $2,316,956 $1,145,500 $1,171,456
2020 $16,694 $2,316,956 $1,145,500 $1,171,456
2019 $17,299 $1,927,400 $708,700 $1,218,700
2018 $16,919 $1,927,400 $708,700 $1,218,700
2017 $16,919 $1,927,400 $708,700 $1,218,700
2016 $16,086 $1,923,000 $708,700 $1,214,300
2014 $15,491 $1,923,000 $708,700 $1,214,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123419

Outer Banks Association of REALTORS®

APN: 027931002