NOT LISTED FOR SALE

975 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,391,000 - $5,317,446

12 Beds
14 Baths
6,190 Sq Ft
$623/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $4,450,000 $719 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $21,857/month

34 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Cabana
  • Community Beach Access
  • Home Theater
  • Second Refrigerator

About This Home

As of November 2021

This is the one you’ve been dreaming about! Aqua Dream is a truly spectacular, brand new, oceanfront investment property in popular Whalehead beach with twelve amazing en suite bedrooms (all with ocean views)! The ultimate layout, design, & top quality construction by Todd Coyle Construction. With careful thought put into every corner of the design, guests will enjoy the spacious, bright, open interior with views galore! Watch the dolphins go by & take in the ocean breezes from the large windows, ample sun decks, multiple living areas, & large bedrooms. Top floor offers a very spacious great room with cathedral ceilings, fabulous ocean views from the many large windows, gas fireplace, durable & beautiful LVT flooring, half bath, built-in benches, high end fixtures, & so much more. The gourmet kitchen has beautiful granite countertops, top quality stainless steel appliances, including two fridges, two dishwashers, a six-burner gas top stove, microwave, & three ovens. There’s a wet bar & “back kitchen”, perfect for catering events & large gatherings. Two screened porches so you can dine outdoors or just relax in the shade with the cool ocean breezes. There’s even a “bed swing” where you can read or nap while listening to the ocean. Other great features include an elevator, beautiful solid masonite doors, high impact windows, mid level sitting area with fantastic ocean views, two full washers & dryers in laundry room, large carport area for plenty of parking, on demand hot water, storage area, and two outdoor showers. Complete with a fantastic game room, theatre room with 120 inch screen/surround sound, lovely pool area with large tiki bar, and a private beach walkway. Ground floor has a half bath which connects to the pool area and a full kitchen with fridge, dishwasher, microwave, & ice maker so you don’t have far to go for snacks/drinks when lounging at the pool or beach, all right in the backyard! Every bedroom offers a private bathroom & deck access. Bathrooms are all stunning with custom tile showers, beautiful vanities/fixtures, & tile floors. The kids (or adults!) will love the custom built in bunk rooms too. Enjoy the wide, beautiful, uncrowded Corolla beach just over the private walkway, complete with a strong, well vegetated dune, located in an X flood zone with no flood insurance required. Custom, gunite, heated salt water pool with a great tiki bar, outdoor TVs & speakers, ping pong, corn hole, quality outdoor furniture, all ideal for those perfect pool/beach days! The owners have chosen a truly beautiful furniture package (complete with ALL the details!) so you won’t need to do a thing to enjoy this brand new Corolla stunner right away. Exterior is the highest quality “smart siding” and the ample sun/covered decks have vinyl wrap composite handrails, all designed for easy/low maintenance! High quality, long lasting fiber shingle roof with metal accents. Located only a short walk or bike ride to great Corolla shops, attractions, & restaurants. Not only can you enjoy a gorgeous oceanfront OBX home but it also has excellent rental projections with great ROI. From the moment you step through the door, you will see and feel the quality construction, thoughtful design, fantastic flow, & care put into this property! Even the most discerning buyer will see that this beautiful home doesn’t miss a beat. Virtual tour & final photos coming soon with an expected August 2021 completion date & a one year builder warranty. Take advantage of what’s sure to be very strong fall rentals and/or enjoy the home yourself before the 2022 season! Check out the aerial/drone video here: https://drive.google.com/file/d/1lyWC4FG9q6PS5pJsDQ0oSenE8bdZNvdr/view?usp=sharing

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's Internation License #188982 Listed on: 07/23/2021

Landmark Sotheby's Internation

Co-Listed By

Crystal Swain

Twiddy and Company - Corolla License #321765

Last Buyer's Agent

Ashley Ladd

Twiddy and Co. - Duck License #276643

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,161

Year Built

  • Built in 2021

Lot Details

  • Beach Front
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 6,190 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Screened Porch
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

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

  • Voluntary Association
  • Built by Todd Coyle
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,161

Year Built

Built in 2021

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Craftsman, Coastal
  • Directions: Heading north on Rt 12 take right onto Bonito St and then take left on Lighthouse Drive. The house will be on the right.
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: STUNNING BRAND NEW OCEANFRONT!
  • Heated Sq Ft: 6190
  • L V T Date: 07/23/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 8
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 683
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 12
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 12
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Walk in Closet, Washer Connection, Wet Bar, Electric Fireplace
  • Optional Rooms: Game Room, Pantry, Utility Room, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Todd Coyle
  • Construction: Frame, Wood
  • Exterior: Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Salt, Private Pool
  • Roof: Asphalt/Fiber Shingle, Metal
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Board Walk
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 100
  • Hoa Contact: voluntary

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot 1
  • Deed Book: 1563

Rental Info

  • Est Annual Rental Income: 485121
  • Estimated Rental Performance: 0.109
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Aqua Dream
  • Rental Cottage Number: J10975
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 2021

Tax Info

  • Year: 2020
  • Taxes: 8161.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Nov 29, 2021
Sold by
Soldo Aleksandra and Garofalis Haraiambos
Bought by
Northwood Realty Llc
Seller's Agent
Heather McLay
OBX Homes
Buyer's Agent
Ashley Ladd
Twiddy and Co. - Duck
List Price
$4,590,000
Sold Price
$4,450,000
Premium/Discount to List
-$140,000
-3.05%
Current Estimated Value
$3,854,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$595,777
Avg. Annual Appreciation
-3.46%
Original Mortgage
$3,115,000
Outstanding Balance
$2,844,804
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,009,419

Purchase Details

Listed on
Jul 16, 2020
Closed on
Sep 18, 2020
Sold by
Rosche Susan J
Bought by
Soldo Aleksandra and Garofalis Haralambos
Seller's Agent
Ray Meiggs
Twiddy and Co. - Duck
Buyer's Agent
Heather McLay
OBX Homes
List Price
$1,190,000
Sold Price
$1,150,000
Premium/Discount to List
-$40,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
217.89%
Original Mortgage
$862,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2013
Sold by
Rosche Donald E
Bought by
Rosche Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2013
Sold by
Cooper Robert P and Cooper Margaret
Bought by
Rosche Susan Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2006
Sold by
Rosche Susan Jean and Cooper Robert P
Bought by
Cooper Michael C and Rosche Susan Jean
Source: Public Records

Range of Values:

--
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
Northwood Realty Llc $4,450,000 None Available
Soldo Aleksandra $1,150,000 None Available
Rosche Susan J -- None Available
Rosche Susan Jean $412,500 None Available
Cooper Michael C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northwood Realty Llc $3,115,000
Previous Owner Soldo Aleksandra $862,500
Previous Owner Rosche Susan Jean $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2021 11/29/21 Sold $4,450,000 -3.1% $719 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $4,590,000 +299.1% $742 / Sq Ft
09/28/2020 09/28/20 Sold $1,150,000 -3.4% $392 / Sq Ft View Prior Sale
07/28/2020 07/28/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $1,190,000 -- $405 / 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 $19,859 $2,316,400 $1,094,800 $1,221,600
2024 $19,859 $2,316,400 $1,094,800 $1,221,600
2023 $19,843 $2,316,400 $1,094,800 $1,221,600
2022 $16,698 $2,316,400 $1,094,800 $1,221,600
2021 $7,909 $1,105,700 $833,000 $272,700
2020 $8,161 $1,105,700 $833,000 $272,700
2019 $8,161 $1,105,700 $833,000 $272,700
2018 $8,161 $1,105,700 $833,000 $272,700
2017 $7,582 $1,105,700 $833,000 $272,700
2016 $7,638 $1,105,700 $833,000 $272,700
2015 $7,559 $1,105,700 $833,000 $272,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115361

Outer Banks Association of REALTORS®

APN: 115A-000-0001-0008