NOT LISTED FOR SALE

Estimated Value: $2,906,000 - $3,639,194

8 Beds
8.5 Baths
5,756 Sq Ft
$589/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $2,450,000 $426 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $19,938/month

245 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • Second Refrigerator
  • Beach Access
  • Heated In Ground Pool
  • Coastal Architecture

About This Home

As of February 2021

The oceanfront estate you have wanted for years! One of the most amazing floor plans you will ever see. If you have stayed in Whalehead Beach before then you know the stretch of oceanfront homes that runs just north and south of Bonito Street is "Million Dollar Row". This outstanding home was one of the first multi-million-dollar homes built in Whalehead Beach. Quality construction by Stormont & Company stands the test of time! Offering 8 bedrooms, with 8.5 bathrooms (7 en suite masters) and enough room for the entire family (and extended family), this oceanfront gem has everything you are looking for. Some of the amazing features include a reverse floor plan with open flow, a spacious and airy great room with magnificent ocean views, a huge well-appointed kitchen designed with entertaining in mind, a Florida room with a natural wood ceiling and fantastic ocean views, a theater room for movie night, and tons of high-end finishes throughout. The bedrooms are designed for living- not just sleeping- and as a result, are much larger than in similar homes. The bathrooms feature jet tubs, custom tile work, granite vanities or pedestal sinks, and two even have bidets. The ground level offers a dry entry and multi-car covered parking. Of course, the private heated pool is also custom and one of the largest you will find on the oceanfront. Surrounded by a large pool deck, this area is perfect for entertaining or sunbathing. A private dune walkover and gazebo make beach access a breeze! The list goes on and on. To truly understand how special this home is you need to see it. Designed by the current owner, “The Summer House” has all the elegance and grandeur one would expect from a home of this caliber. Unique and tasteful, this incredible ocean front property is not one to be missed.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 03/14/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Heather McLay

Landmark Sotheby's International Realty License #188982

Landmark Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,455

Year Built

  • Built in 1990

Lot Details

  • 0.69 Acre Lot
  • Ocean Front
  • Landscaped
  • Level Lot
  • Sprinkler System

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,756 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Home Theater
  • Sun or Florida Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • Built by Stormont & Co.
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,455

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Ocean Trail to right on right onto Bonita, corner of Bonita and Lighthouse Dr at the oceanfront.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Gazebo, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dry Entry
  • Headline: Oceanfront Elegance!
  • Heated Sq Ft: 5756
  • L V T Date: 03/14/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 10
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 251615
  • Advertised Income 2021: 286070
  • Deed Book Pg Number: 756
  • 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: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Pantry, Sun/Florida Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Stormont & Co.
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

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

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 30000
  • Lot Description: Level
  • Lot Number: Lot 1
  • Estimated Lot Size: 0.69
  • Deed Book: 265

Rental Info

  • Est Annual Rental Income: 279280
  • Estimated Rental Performance: 0.114
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Summer House
  • Rental Cottage Number: J10923
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 1990

Tax Info

  • Year: 2019
  • Taxes: 10455

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2020
Closed on
Feb 11, 2021
Sold by
Giampa Richard L and Giampa Karen
Bought by
Fritz Paul Ethric and Fritz Kelly
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Heather McLay
Landmark Sotheby's International Realty
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%
Current Estimated Value
$3,373,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$923,371
Avg. Annual Appreciation
7.53%
Original Mortgage
$1,323,000
Outstanding Balance
$1,194,821
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$2,197,577

Purchase Details

Closed on
Oct 31, 1989
Bought by
Giampa Richard L and Giampa Karen
Source: Public Records

Range of Values:

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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
Fritz Paul Ethric $2,450,000 None Available
Giampa Richard L $278,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fritz Paul Ethric $1,323,000
Previous Owner Giampa Richard L $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2021 02/16/21 Sold $2,450,000 -2.0% $426 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $2,500,000 0.0% $434 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $2,500,000 -- $434 / 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 $17,618 $2,095,100 $1,094,800 $1,000,300
2023 $17,618 $2,095,100 $1,094,800 $1,000,300
2022 $14,830 $2,095,100 $1,094,800 $1,000,300
2021 $14,815 $1,437,000 $833,000 $604,000
2020 $10,461 $1,437,000 $833,000 $604,000
2019 $10,455 $1,437,000 $833,000 $604,000
2018 $0 $1,437,000 $833,000 $604,000
2017 $9,718 $1,437,000 $833,000 $604,000
2016 $9,791 $1,437,000 $833,000 $604,000
2015 -- $1,437,000 $833,000 $604,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108752

Outer Banks Association of REALTORS®

APN: 115A-000-0001-0010