NOT LISTED FOR SALE

802 Lighthouse Dr Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,740,000 - $3,461,000

10 Beds
11.5 Baths
6,287 Sq Ft
$496/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $1,907,500 $303 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $18,659/month

62 Days on Market

Highlights

  • Community Beach Access
  • Heated Indoor Pool
  • Sauna
  • Ocean Front
  • Rooftop Deck
  • Second Refrigerator

About This Home

As of June 2019

Live large in this custom-built 10 bedroom, 11.5-bath rental machine built for the discerning investor. It checks all the boxes- income, location, layout, views, and style. From the elegant curving staircase to the incredible ocean views, to the sauna and elevator, this property has it all- both inside and out. The open, reverse floor plan showcases the incredible views through an abundance of natural light, cathedral ceilings and spacious interior design. The kitchen is fit for a chef with a gas stovetop, 2 ovens & 2 dishwashers, granite counters with glass tile backsplash, furniture cabinetry, prep island with seating, and pantry. A river rock fireplace creates a focal point on chilly nights in the grand family room, flanked by two separate dining spaces. There is room for everybody! The upper level Master en suite offers ocean views, a custom shower, glass tiled double vanity, deep jet tub and a private balcony. All bedrooms have private tiled bathrooms and unique inlaid vanity tops to enhance the beach vacation feel. The elegance is continued on the ground level with a sauna, indoor pool, kitchenette with full size refrigerator and granite counters, billiard area and half bath. If that isn’t enough, relax outside on the lanai while enjoying the gas stone fireplace and large outdoor pool, or private indoor pool. This property offers the elegance and grandeur found in few OBX properties, all while doing over $200K in gross rents last year. ($168K booked for 2019 already.) With attention to detail, custom touches, ocean views and one lot from the beach access, this splendid property is a must-see!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 02/20/2019

Keller Williams - Outer Banks

Last Buyer's Agent

Terry Cremia

Shore Realty License #204156

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,984

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 6,287 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Sauna
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot #14

Community Details

Overview

  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,984

Year Built

Built in 2006

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: NC-12 north to Albacore Street, Left onto Lighthouse Drive, property is 2nd on left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Sauna, Smoke Detector(s), Sun Deck, Roof Top Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Incredible Ocean Views!
  • Heated Sq Ft: 6287
  • L V T Date: 02/20/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: sec 14
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: res
  • Deed Book Pg Number: 48
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 10
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 11
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Indoor, Outdoor, In Ground, Gunite, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45
  • Home Owner Dwelling Insurance: 8970

Lot Info

  • Lot Description: Level
  • Lot Number: Lot #14
  • Deed Book: 894

Rental Info

  • Est Annual Rental Income: 200480
  • Estimated Rental Performance: 0.1051
  • Flood Expenses: 1042
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Black Pearl
  • Rental Cottage Number: J20802
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 2006

Tax Info

  • Year: 2019
  • Taxes: 7984

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2019
Closed on
May 28, 2019
Sold by
Miles Raymond G and Miles Patricia A
Bought by
Reaman Kathy Kovatch and Reaman Richard Todd
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Terry Cremia
Shore Realty
List Price
$2,095,000
Sold Price
$1,907,500
Premium/Discount to List
-$187,500
-8.95%
Current Estimated Value
$3,118,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,211,212
Avg. Annual Appreciation
8.49%
Original Mortgage
$100,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2005
Sold by
Kahn Kathleen D and Kahn Michael A
Bought by
Miles Raymond G and Miles Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,742,500
Interest Rate
5.64%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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Range of Values:

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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
Reaman Kathy Kovatch $1,907,500 None Available
Miles Raymond G $1,015,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reaman Richard Todd $1,500,000
Closed Reaman Kathy Kovatch $100,000
Previous Owner Miles Raymond C $1,750,000
Previous Owner Miles Raymond C $200,000
Previous Owner Miles Raymond G $1,742,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2019 06/10/19 Sold $1,907,500 -8.9% $303 / Sq Ft
04/23/2019 04/23/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $2,095,000 -- $333 / 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 $15,369 $1,760,500 $400,000 $1,360,500
2023 $15,369 $1,760,500 $400,000 $1,360,500
2022 $12,943 $1,760,500 $400,000 $1,360,500
2021 $12,928 $1,057,800 $330,000 $727,800
2020 $8,010 $1,057,800 $330,000 $727,800
2019 $7,984 $1,057,800 $330,000 $727,800
2018 $7,984 $1,057,800 $330,000 $727,800
2017 $7,417 $1,057,800 $330,000 $727,800
2016 $7,472 $1,057,800 $330,000 $727,800
2015 $7,472 $1,057,800 $330,000 $727,800
Source: Public Records

Agents Affiliated with this Home

  • Matt Myatt

    Seller's Agent in 2019

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    232 in this area

    458 Total Sales

    Matt Myatt
    Section Image
  • Terry Cremia

    Buyer's Agent in 2019

    Terry Cremia

    Shore Realty

    (252) 207-3111

    15 in this area

    105 Total Sales

    Terry Cremia
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103801

Outer Banks Association of REALTORS®

APN: 115A-000-0014-0014

North Carolina Currituck County Corolla 27927 Corolla

802 Lighthouse Dr, Corolla, NC

This home is located at 802 Lighthouse Dr, Corolla, NC 27927 since 20 February 2019 and is currently estimated at $3,118,712, approximately $496 per square foot. This property was built in 2006. 802 Lighthouse Dr is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

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