NOT LISTED FOR SALE

931 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,390,000 - $4,899,937

12 Beds
13.5 Baths
6,187 Sq Ft
$652/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $3,850,000 $622 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $22,702/month

7 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Concrete Pool
  • Coastal Architecture

About This Home

As of May 2021

Fantastic Advertised Income 2021: $425,034.00 / w Owner Weeks Added $444,065. See Interactive 3D Virtual Tour Link. "Summer Moon"….Simply Dazzling….Created to Inspire You…..Made to Enhance You. Being on the Ocean at Summer Moon, gives You Nature’s Oceanfront Beauty at it’s Best. Glorious amounts of glass windows provide a multitude of Ocean Views, capturing a transcendence quality, with the splashing surf dancing before you. The inviting flow of this Oceanfront Beach Home embraces you with excitement, as the Top Level Entertainment Arena, is like Command Central for FUN ! Cascading Copula Chandelier swirls sparkles as an elegant essence radiates from the magnificent Ocean Views. The Top Level boasts of these Entertainment Arenas: Incredible unobstructed Ocean Views ! The Living Area with an easy light Fireplace, creating a warm glow. Majestic Dining Table for Twenty with grand Ocean Views. Huge adjacent Kitchen convenient to all the action. A Wet Bar with Wine Cooler, Ice Maker, and cabinetry of glassware to choose from, for your libation to be refreshing and immediate. A separate private Recreation Room, also with Ocean Views. And Four Master Bedroom Suites. As the Ocean Waves are splashing on shore of the wide Beautiful Beach of Corolla, you see and hear the Ocean from all angles. Two Oceanfront Decks are also immediately adjacent to the Great Room, to open for the Ocean Breezes or to move outdoors. Just seconds from the Great Room activities, You have access to the private Top Level Recreation Room with Billiards & Foosball, Video Games, More Flat Screen TVs, another Kitchenette; all of which is so easy to keep up with all the action in these multiple festive locations. Of the Twelve Master Bedrooms, Four are on the Top Level, and Eight are Mid Level, many with Ocean Views too. Of the 12 Bedrooms, ALL 10 Adult Master Suite Bedrooms benefit from Private Bathrooms with beautifully Tiled Showers; plus Access to Outdoor Decking. Then Two Bedrooms with Bunks are also Master Suites. Convenience of the Elevator makes Life Easy. Then, tucked away also on the Mid Level, is the separate Theater Room / Bridal Suite to enjoy movies or the big game ! Outdoors there are even more additional Decks and Lounge Chairs at the Top Level, Mid Level, Dune Top, Poolside, and around the outdoor Fire Pit, too. At Poolside, the Pool Fountains, Wet Bar with Two Full Size Refrigerators, Large Flat Screen TV and an abundance of Cushioned Sofas, lets the party continuously flow from the Top Level to the Poolside Level. Summer Moon’s uniquely special design flow, does wonders at maximizing Ocean Views from so many Living Areas, Bedrooms, Decks & Dunes ! Day or Evening, Summer Moon is a paradise setting, with expansive Ocean Views that are a rich vibrant hue, with surf pulsating with a passionate vigor, onto a glistening sand beach, to stroll along for miles…all of which makes this shorefront Beach Home as “One to Cherish”. The Top of the Dune Deck and Lounge Area, is perfect to enjoy refreshments and to be revitalized by the tropical ocean breeze. Various outdoor seating and decking provides a multitude of perspectives to enjoy the ocean essence. All separate, yet close, to easily re-engage in all the action. The Pool offers many ways to enjoy the water with a shallow pool section; to the in-pool seating; fountains cascading as waterfalls, and a deep water section for total immersion. In addition and adjacent to the Great Room and Dining Area is the huge Kitchen, with Dual Refrigerators, Dual Sinks and Counters, Dual Ovens, Dual Dishwashers; Microwave and Six Burner Instant Heat Gas Stove; GE High Caliber Appliances….even the Kitchen gets the splendor of more Ocean Views. Summer Moon’s quality is ideal for Weddings, Family Re-Unions, Conventions, and Loved Ones. Luxury Furnishings abound, beckoning you to relax. Summer Moon’s fantastic design makes it so delightful to just become part of the Ocean’s magnificence… enriching your soul.

Last Agent to Sell the Property

Paul Sabadash

Sun Realty - Corolla License #119788 Listed on: 03/31/2021

Last Buyer's Agent

Chandler Spawr

Coastal Property Partners License #190456

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,620

Year Built

  • Built in 2015

Lot Details

  • Beach Front
  • 100 Feet of Waterfront

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Interior Spaces

  • 6,187 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Ocean Views

Kitchen

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

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Patio
  • Exterior Lighting

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 # 10

Community Details

Overview

  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,620

Year Built

Built in 2015

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Enter Whalehead on Bonito Drive, going East to Oceanfronts; Turning Left / North on Lighthouse Drive, 4th Lot on the Oceanfront. Bonito Drive is a Right Turn to the Oceanside, ( across from the Soundside Main Entrance of Monteray Shores ), which is approximately a mile North of Corolla's Northern Traffic Light ( Food Lion / Tim Buck II Shops / Monteray Shores Traffic Light ).
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Sun Deck, Whirlpool/Spa, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Heated Sq Ft: 6187
  • L V T Date: 03/31/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 9
  • Unheated Lvarsf: 125
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 342638
  • Advertised Income 2021: 437685
  • Deed Book Pg Number: 0644
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C3211
  • 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, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 12
  • Countertops: Solid Surface
  • Foundation: Piling
  • Full Bathrooms: 13
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Home Theater, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Forced Air, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Size: Waterfrontage 100'
  • Lot Number: Lot # 10
  • Deed Book: 1285

Rental Info

  • Est Annual Rental Income: 432000
  • Estimated Rental Performance: 0.1122
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Summer Moon
  • Rental Cottage Number: J10931
  • Rental Turnover Day: SUNDAY

Building Info

  • Year Built: 2015

Tax Info

  • Year: 2020
  • Taxes: 13620

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 17, 2021
Sold by
High Heat Real Estate Llc
Bought by
931 Lighthouse Llc
Seller's Agent
Paul Sabadash
Sun Realty - Corolla
Buyer's Agent
Chandler Spawr
Coastal Property Partners
List Price
$3,850,000
Sold Price
$3,850,000
Current Estimated Value
$4,033,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,979
Avg. Annual Appreciation
1.02%
Original Mortgage
$3,080,000
Outstanding Balance
$2,260,085
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$1,773,894

Purchase Details

Listed on
Mar 19, 2014
Closed on
Apr 9, 2014
Sold by
Blacbly Jonathan O and Blacbly Carol L
Bought by
High Heat Real Estate Llc
Seller's Agent
Carolyn Bibeau
Carolyn Bibeau Real Estate Sales
Buyer's Agent
Paul Sabadash
Sun Realty - Corolla
List Price
$899,000
Sold Price
$926,500
Premium/Discount to List
$27,500
3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.15%
Original Mortgage
$694,875
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
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

Date Buyer Sale Price Title Company
931 Lighthouse Llc $3,850,000 None Available
High Heat Real Estate Llc $926,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 931 Lighthouse Llc $3,080,000
Previous Owner High Heat Real Estate Llc $694,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2021 05/21/21 Sold $3,850,000 0.0% $622 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $3,850,000 +315.5% $622 / Sq Ft
04/09/2014 04/09/14 Sold $926,500 +3.1% -- View Prior Sale
03/23/2014 03/23/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $899,000 -- --
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 $19,504 $2,274,900 $1,094,800 $1,180,100
2024 $19,504 $2,274,900 $1,094,800 $1,180,100
2023 $19,488 $1,094,800 $1,094,800 $0
2022 $16,400 $1,094,800 $1,094,800 $0
2021 $16,385 $833,000 $833,000 $0
2020 $13,620 $833,000 $833,000 $0
2019 $13,584 $833,000 $833,000 $0
2018 $13,584 $833,000 $833,000 $0
2017 $12,537 $833,000 $833,000 $0
2016 $12,272 $833,000 $833,000 $0
2015 -- $833,000 $833,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113626

Outer Banks Association of REALTORS®

APN: 115A-000-0010-0009