Shore Realty Outer Banks Home Sales

Listing Details For 655 Ocean Lake Trail in Corolla

MLS #: 95375
655 Ocean Lake Trail
Corolla, NC 27927
Asking Price: $497,000
Status: Active
Status Date: 2/27/2017

Listing Information

HeadlineRoom to Add a Pool!
AreaCorolla Oceanside
Full Baths4
Partial Baths1
Asking Price$497,000
Price Date9/10/2017
Original Asking Price$524,900
Price Per Square Foot$178
Days On Market228
Cumulative Days On Market228
Listing Date2/27/2017
Listing TypeExclusive Right Sell
Input Date Date2/27/2017
Update Date10/12/2017 8:36:00 PM
Sale Or RentFor Sale
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
StyleContemporary,Reverse Floor Plan
Year Built1996
Heated Living Area2793
Air ConditoningHeat Pump
HeatingHeat Pump
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Refrigerator
Interior FeaturesAll Window Treatments,Cathedral Ceiling(s),Dryer Connection,Gas Fireplace,Master Bath,Washer Connection
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Landscaped,Outside Shower,Smoke Detector(s),Sun Deck,Roof Top Deck
Floor CoveringsCarpet,Ceramic Tile
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Refrigerator
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeAssociation Pool
ExteriorCement Fiber Board
Optional RoomsFoyer,Game Room
Virtual TourFoyer,Game Room

Lot Details & Legal Description

Address655 Ocean Lake Trail
Unit/Lot #Lot 25
SubdivisionOcean Sands
Full Subdivision NameOcean Lakes, Ocean Sands
Deed Page73
Deed Book1163
Doc Timestamp10/12/2017 8:36:00 PM
Pin Number126A0000025000O
Tax Database ID3
Tax Property ID126A0000025000O
Lot DescritionAdj. To Common Area,Level
View DescriptionOcean
Distance To Water4 - lots from o
Flood ZoneAE,X
Association AmenitiesOcean Access,Outdoor-Comm. Pool,Outdoor-Comm. Tennis,Common Area

Property Expense & Utilities

If the seller of this property located at 655 Ocean Lake Trail in Corolla has provided the expenses, you will see them below, as provided by the listing agent. If there are no expenses listed, give Shore Realty of the OBX a call and let us do the research for you. It helps to know! Local 252-441-3416 or 800-647-1868. OBX Local experts here to help you!

Association Fee Y/NYes
Annual Association Fee$960
Association Fee IncludesManagement,Pool,Security,Tennis Courts,Walkways
Tax Year2016
Property Taxes$2,811
Water SourceMunicipal


Rental Cottage NameRest Ashored
Rental Cottage #GOL25
Rental Turnover DaySunday
Finance OptionsCash,Conventional
Furniture Available ?Yes
Bill Of Sale?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count7

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 655 Ocean Lake Trail is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.

Listing Agent Remarks

Excellent investment opportunity! Recently learned a pool addition is possible. RENTAL PROJECTION WITH POOL $62,610! That's a possible 12.6% GRI! Amazing proven rental income and potential income, ocean views, updated, clean, well maintained, and a 1 minute walk to the beach. Pristine property with Ocean Views. Home sits less than 500 feet from the beach. It's a quick 3 minute walk to the wide, soft sand beaches of Corolla! Even has a roof top deck perfect for watching sunrises and sunsets! The kitchen has had extensive upgrades including new counters, tile floors, slow close cabinets, and all new stainless steel appliances. Exterior had a fresh coat of paint in 2016. Additional Recent upgrades over the last 5 years include; carpet, HVAC units, washer/dryer, hot water heater, drapes, french drains, rear siding, sofas, futon, bedroom fans, Foosball table, and mattresses. The master bedrooms are large and spacious. No need to look for furniture as this home is move in ready and includes all the furnishings, even the Hot Tub! The house sits adjacent to common area, community tennis, and swimming pool. You will not find a property as well kept as this Ocean Sands charmer. Property has been taken care of as if it were a personal residence, not a vacation rental. The proximity to common area makes this house feel much more open than your typical house in Ocean Sands. Excellent rental property with consistent rentals over the last 5 years. 2017 already has a full docket of reservations between June and October and was full by beginning of March. Property has a grandfathered Flood X zone policy and should be assumable saving you money! Contact me today for more details regarding rental history, expenses, or to schedule a tour.


Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 655 Ocean Lake Trail in Corolla is provided courtesy of Steven Gross of Twiddy & Co. - Duck. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 655 Ocean Lake Trail in Corolla is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 or 800-647-1868.


The school systems on the Outer Banks are never lacking for money. With most of the property owners living out of town, there is a disproportionate amount of tax money available to the schools, the result is lots of money spent per pupil.

We have 2 county school systems on the OBX, the Currituck County School System for residents of Corolla and the Currituck Mainland AND the Dare County School System for residents of the beach's from Duck south through Nags Head to Hatteras Island, Manteo and the Dare County Mainland.

Looking for more info about this property or another OBX properties? We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.

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