NOT LISTED FOR SALE

867 Lighthouse Dr Corolla, NC 27927

Estimated Value: $3,077,000 - $3,842,000

9 Beds
12 Baths
6,250 Sq Ft
$545/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $2,249,000 $360 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $19,473/month

80 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Sauna
  • Ocean View
  • Heated In Ground Pool
  • 0.8 Acre Lot

About This Home

As of October 2020

Welcome to the WOW house of the Outer Banks. Come experience the craftsmanship and ingenuity that went into the creation of this oceanfront estate. Elegance abounds from the Nine Bedrooms (all masters) and eleven bathrooms to the sprawling great room which are spread over 6,250 square feet of finished space, on over three quarters of an acre. The well-equipped kitchen features custom Cherry/Maple cabinetry with soft close feature, seperate pantry, new granite counters (2019) and stainless-steel appliances including double ovens, double dishwashers and beverage center. The dining space is perfect for family dinners with the custom glass top table that seats 20. The expansive main living area offers unrivaled Atlantic views and opens to an adjacent ship's watch tower. A lower level game room includes a new regulation size pool table, foosball, poker table and granite bar. Two of the ensuites have jetted tubs with pass-thru fireplaces for the ultimate in comfort. Exterior living spaces are equally impressive with the unique curved handrails, composite decking, shotcrete pool w/ stamped concrete surround, kiddie pool, outdoor cabana and bar (w/ a hand painted mural) and an elevated hot tub with pergola. Words alone cannot convey the sheer elegance and sophistication of this home. Other notable features include: Private Sauna, Fitness Room, Media Room, 3 Refrigerators, Hardwood Floors w/ Inlaid Cherry Planks, Tankless Hot Water Heaters, Custom Plaster Work on Walls and Ceilings, Surround Sound (interior and exterior), Irrigation System, "Porthole" Elevator, Twin Full Size Washers & Dryers, Finished Garage, Heated Pool, Massive Dune Top Deck, Meticulous Landscaping and a NEW $40,000 ROOF! (40 yr Certainteed "Scalloped" Shingle). Other recent investments include washers and dryers, double oven, 60” TV in Media Room, 55” TV in game room, SONOS sound system throughout, new tankless hot water heater, entire interior paint. Investment wise, this home is a consistent winner bringing in close to 250k per year. The current owners personally use a prime week every year for family gatherings, so the total gross income can even be higher! This Oceanfront Estate has been diligently cared for by the owners with a high level of attention...and it shows. Being sold fully furnished and ready to go! Investment pro-forma available upon request. If you are a discerning buyer that has been holding out for the perfect place on the water..."Pop's Place is for you!

Last Agent to Sell the Property

Chandler Spawr

Coastal Property Partners License #190456 Listed on: 06/11/2020

Last Buyer's Agent

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,625

Year Built

  • Built in 2004

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 350 x 100
  • Beach Front
  • 100 Feet of Waterfront
  • Landscaped
  • Sprinkler System

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 6,250 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Loft
  • Game Room
  • Sauna
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Gazebo

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private Water Source
  • Well
  • Fuel Tank
  • Septic System

Listing and Financial Details

  • Tax Lot 4

Community Details

Overview

  • Association fees include walkways
  • Wpoa Association
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,625

Year Built

Built in 2004

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Craftsman, Coastal
  • Directions: East on Bonita -> Right on Lighthouse -> House on the Left (oceanfront)
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Gazebo, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Sauna, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: X
  • Subdivision Name: WHALEHEAD CLUB
  • Headline: Corolla's Most Beautiful!
  • Heated Sq Ft: 6250
  • L V T Date: 06/11/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 12
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 242420
  • Deed Book Pg Number: 316
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26165
  • 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, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 9
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Dining Room: Elegant, On Level: 3
  • Living Room: Expansive, On Level: 3
  • Optional Rooms: Foyer, Game Room, Loft, Pantry, Shipswatch, Home Theater, Media Room
  • Partial Bathrooms: 3

Exterior Features

  • Construction: Wood
  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Garage: 1 Car, Attached
  • Garage Sq Ft: 234
  • Parking: Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal, Private, Well

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 50
  • Hoa Contact: WPOA
  • HOA Contact: www.wpoa.org

Lot Info

  • Estimated Lot Sq Ft: 35000
  • Lot Description: Beach Frontage, Bulkheaded, Water Frontage
  • Lot Size: 350 x 100
  • Lot Number: Lot 4
  • Estimated Lot Size: 0.80
  • Deed Book: 1156

Rental Info

  • Est Annual Rental Income: 259000
  • Estimated Rental Performance: 0.1152
  • Flood Expenses: 705
  • Rental Co: Carolina Designs
  • Rental Cottage Name: POP's PLACE
  • Rental Cottage Number: 092
  • Rental Phone Number: 800-368-3825
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2662
  • Annual Electric: 6019
  • Annual Water Expense: 3007
  • Rental Contact Name: Elaine Breiholz
  • Rental Contact Phone: 800.368.3825

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2019
  • Taxes: 11625

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Oct 23, 2020
Sold by
Regan Brothers Realty Llc
Bought by
Carolla Ocean View Llc
Seller's Agent
Chandler Spawr
Coastal Property Partners
Buyer's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
List Price
$2,399,000
Sold Price
$2,249,000
Premium/Discount to List
-$150,000
-6.25%
Current Estimated Value
$3,450,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,201,950
Avg. Annual Appreciation
8.26%
Original Mortgage
$1,574,000
Outstanding Balance
$1,391,016
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$2,017,839

Purchase Details

Closed on
Feb 24, 2011
Sold by
Knoll David and Knoll Nancy
Bought by
Regan Brothers Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,659,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 12, 2005
Sold by
Valentine Nuno G and Valentine Crace C
Bought by
Knoll David and Knoll Nacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,213,682
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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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
Carolla Ocean View Llc $2,249,000 None Available
Regan Brothers Realty Llc $2,370,000 None Available
Knoll David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carolla Ocean View Llc $1,574,000
Previous Owner Regan Brothers Realty Llc $1,659,000
Previous Owner Knoll David $2,213,682
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $2,249,000 0.0% $360 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/25/2020 08/25/20 Price Changed $2,249,000 -2.2% $360 / Sq Ft
07/22/2020 07/22/20 Price Changed $2,299,000 -4.2% $368 / Sq Ft
06/11/2020 06/11/20 For Sale $2,399,000 -- $384 / 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 $19,220 $2,241,700 $1,094,800 $1,146,900
2024 $19,220 $2,241,700 $1,094,800 $1,146,900
2023 $19,204 $2,241,700 $1,094,800 $1,146,900
2022 $16,161 $2,241,700 $1,094,800 $1,146,900
2021 $16,146 $1,570,200 $833,000 $737,200
2020 $11,626 $1,570,200 $833,000 $737,200
2019 $11,600 $1,570,200 $833,000 $737,200
2018 $11,600 $1,570,200 $833,000 $737,200
2017 $10,800 $1,570,200 $833,000 $737,200
2016 $10,881 $1,570,200 $833,000 $737,200
2015 $10,881 $1,570,200 $833,000 $737,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109653

Outer Banks Association of REALTORS®

APN: 115A-000-0004-0012