NOT LISTED FOR SALE

999 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,735,000 - $3,335,000

10 Beds
12 Baths
4,997 Sq Ft
$543/Sq Ft Est. Value

Last Sold June 19, 2012

Last sale price $2,217,000 $444 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $15,552/month

36 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Beach Access
  • Cabana
  • Ocean View
  • Home Theater
  • 38,500 Sq Ft lot

About This Home

As of June 2012

Elegance and rentals, a winning combination! Oceanfront lovers, here is your chance to have it all, no compromises, with TEN MASTER SUITES! An excellent opportunity to own an extra wide 110 foot oceanfront homesite in Whalehead Club. This is a new to-be-built lot/home option. A very similar home, "Absolute Elegance," at 875 Lighthouse Drive has ACTUAL rentals of $273K for the 2011 season and comparable income can be expected from this home referred to as Absolute Elegance II. The revised floor plan has an updated ground level with a larger game room, larger home theater room and now provides even better views to the pool area. This is a complete "turnkey" rental ready package. Price includes lot, home construction, house plans, permits, site work, heated pool, tiki bar, gazebo and furnishings - with custom integrated electronics with smart panel technology with distributed audio. Upgrades include: Hardwood .. Ceramic Tile .. Granite Countertops .. Custom Baths .. Movie Theater .. Custom Trim Package .. and More! The house is handicap friendly with ramp and hydraulic elevator. Luxury windows and cement fiberboard siding with composite decking on front and rear elevations. EXCELLENT OUTDOOR area with TV/Bar, heated pool, wood deck gazebo and large fenced yard for entertaining, family reunions and Outer Banks weddings. There is plenty of storage for equipment and bikes next to the dual outdoor showers and cabana bathroom. Don't take our words for it, check out the Associated Documents and Virtual Tour. A video tour is also available upon request.

Last Agent to Sell the Property

Sumit Gupta

VR Real Estate Advisors, LLC License #212627 Listed on: 03/07/2012

Co-Listed By

Julie Short

Twiddy and Co. - Duck License #209110

Last Buyer's Agent

* **Not a Member

**Not a Member License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,571

Year Built

  • Built in 2012

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 110x350
  • 110 Feet of Waterfront
  • Ocean Front
  • Fenced Yard
  • Landscaped

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,997 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

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

  • Built by SAGA Construction Inc.
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,571

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From NC12, turn east on Bonita Street, turn North on Lighthouse Drive, Lot on right
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Gazebo, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: VE
  • Subdivision Name: Whalehead Club
  • Headline: Oceanfront TEN MASTER $273K
  • Heated Sq Ft: 4997
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 7
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 555
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 10
  • Countertops: Granite, Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: SAGA Construction Inc.
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool Type: In Ground, Concrete, Heated
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 110
  • View: Ocean
  • Water Frontage: 110

Garage/Parking

  • Garage: Carport

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 38500
  • Lot Description: Water Frontage
  • Lot Faces: W
  • Lot Size: 110x350
  • Lot Number: Lot 1
  • Deed Book: 815

Rental Info

  • Est Annual Rental Income: 265000
  • Estimated Rental Performance: 0.1195

Building Info

  • Year Built: 2012

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 9571

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2012
Closed on
Jun 11, 2012
Sold by
Burke James A and Burke Marti E
Bought by
999 Lighthouse Llc
Seller's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
Buyer's Agent
* **Not a Member
**Not a Member
List Price
$2,217,000
Sold Price
$2,217,000
Current Estimated Value
$2,714,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,659
Avg. Annual Appreciation
1.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
999 Lighthouse Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2012 06/19/12 Sold $2,217,000 0.0% $444 / Sq Ft
04/12/2012 04/12/12 Pending -- -- --
03/07/2012 03/07/12 For Sale $2,217,000 -- $444 / 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 $16,453 $1,919,600 $1,122,200 $797,400
2024 $16,453 $1,919,600 $1,122,200 $797,400
2023 $16,437 $1,919,600 $1,122,200 $797,400
2022 $13,839 $1,919,600 $1,122,200 $797,400
2021 $13,824 $1,582,200 $874,700 $707,500
2020 $11,674 $1,582,200 $874,700 $707,500
2019 $11,674 $1,568,100 $874,700 $693,400
2018 $11,570 $1,568,100 $874,700 $693,400
2017 $10,771 $1,568,100 $874,700 $693,400
2016 $10,828 $1,568,100 $874,700 $693,400
2015 $10,828 $1,568,100 $874,700 $693,400
Source: Public Records

Agents Affiliated with this Home

  • Sumit Gupta

    Seller's Agent in 2012

    Sumit Gupta

    VR Real Estate Advisors, LLC

    (252) 207-8997

    2 in this area

    11 Total Sales

    Sumit Gupta
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Julie Short

    Twiddy and Co. - Duck

    (252) 202-1724

    Julie Short
    Section Image

  • *

    Buyer's Agent in 2012

    * **Not a Member

    **Not a Member

See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 73908

Outer Banks Association of REALTORS®

APN: 115A-000-0001-0007

North Carolina Currituck County Corolla 27927

999 Lighthouse Dr, Corolla, NC

Not Listed for Sale

Detached

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