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Listing Details For 512 Breakers Arch in Corolla

Closing Price:
$1,599,900
512 Breakers Arch, Corolla, NC 27949
10 bd
10 ba
6951 sq ft
MLS #: 105962
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,545,000.00
Closing Date: 11/8/2019
Contract Date: 9/26/2019
Seller Concessions: Yes
Concession Comments: 4k
Total Days on Market:
Cumulative Days on Market: 520

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 62
Cumulative Days On Market: 520
Listing Price: $1,599,900
Original Listing Price: $1,599,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/10/2019
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 6951
Asking Price Per SqFt: $230.00
Heated Living Area Sq Ft: 6951
BedroomsTotal: 10
Bathrooms Full: 10
Bathrooms Partial: 1
Year Built: 2012
Garage: None
Architectural Style: Reverse Floor Plan, Nags Head, Craftsman, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Washer, Wine Cooler, Wall Oven
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Heated, In Ground, Outdoor Pool, Private
Builder Name: Olin Finch
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Electric, Forced Air, Heat Pump, Zoned
Room Type: Foyer, Game Room, Home Theater, Media Room, Pantry, Shipswatch
Flooring: Carpet, Tile, Wood
Construction Materials: Wood Siding

Legal Description

Section: NA
County: Currituck
Subdivision: Ocean Sands
Subdivision Name: Ocean Sands South
Deed Book: 1169
Deed Book Page Number: 346
County Pin Number: 126A0000010000A
Price Change: 11/9/2019
Block: NA
Road Surface: Paved, Public
Association Amenities: Board Walk, Ocean Access

Lot Details

Lot Size Acres: 0.62
Lot Size Dimensions: 27000 Sq Feet- Pie Shaped
Lot Size Square Feet: 27000
Lot Features: Level
Lot Faces: East
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $4,976.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 11/10/2019
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Includes: Walkways
Association Fee Yes or No: Voluntary - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding,Wood
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Patio,Screened Porch,Security System,Smoke Detector(s)
Primary Residence: No

Rental Income

Annual Rental Income: 197610
Rental Performance: 0.1279

Listing Agent Remarks

Ocean Views ALL DAY LONG in an "EXTREMELY Rare" location. Closer distance to the beach access or equal to many semi-oceanfront lots in Corolla!!!!! So, really........ how many homes are truly built for their highest and best use? How many homes built over the years have had the vision and insight as to where the real estate market was going? Then look at the homes on the market and say to yourself "Even if I buy the home and renovate it, is the structure really built for its highest and best use?" I have a strong suspicion the answer 9 times out of 10 will be "No". Hitting the ceiling on land potential is the name of the game and "Coastal Dalliance" is just that. A perfectly executed home of vision and design. This is absolutely not your standard rental home floor plan. This 7000 square foot home is "Wide Open". Cannot stand the term "Open Concept" because its overused and normally not applicable? This home is actually a real "Open Concept" floor plan. This is an investment property that actually feels like a "Home" and not a "Hotel". "Coastal Dalliance" can potentially generate 197k annually in"advertised" income and has the potential for significant additional income. Looking for a turn key investment that doesn't need a HUGE renovation and also built for its highest and best use. Your options are extremely limited, so look no further.

Directions

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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 512 Breakers Arch in Corolla is provided courtesy of RE/MAX Surfside - Virtual Group tim@surfsideouterbanks.com. 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 512 Breakers Arch in Corolla is no longer available for sale.

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