Shore Realty Outer Banks Home Sales

Listing Details For 1049 Lighthouse Drive in Corolla


MLS #: 101613
1049 Lighthouse Drive
Corolla, NC 27927
Asking Price: $1,899,900
Status: Active
Status Date: 8/14/2018



Listing Information

Headline$164,230 YTD/7 Masters
AreaCorolla Oceanside
Beds7
Full Baths7
Partial Baths0
Asking Price$1,899,900
Price Date10/4/2018
Original Asking Price$1,950,000
Price Per Square Foot$463
Days On Market178
Cumulative Days On Market178
Listing Date8/13/2018
Listing TypeExclusive Right Sell
Input Date Date8/14/2018
Update Date2/5/2019 5:35:44 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleCoastal
Year Built1992
Heated Living Area4100
Air ConditoningCentral,Heat Pump,Zoned
HeatingCentral,Electric,Heat Pump
AppliancesCountertop Range,Disposal,Dishwasher,Dryer,Microwave,Refrigerator w/Ice Maker,Wall Oven,Washer
Garage2 Car
Interior FeaturesCathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Ice Maker Connection,Master Bath,Walk in Closet,Washer Connection
CountertopsGranite
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Jet Tub,Outside Shower,Smoke Detector(s),Sun Deck
Floor CoveringsCarpet,Ceramic Tile,Wood
AppliancesCountertop Range,Disposal,Dishwasher,Dryer,Microwave,Refrigerator w/Ice Maker,Wall Oven,Washer
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Private Pool
ExteriorLap Siding,Cement Fiber Board
FoundationPiling
Optional RoomsShipswatch
Virtual TourShipswatch

Lot Details & Legal Description

Address1049 Lighthouse Drive
Unit/Lot #Lot 1
SubdivisionWhalehead Club
CountyCurrituck
CityCorolla
StateNC
Zip27927
Deed Page583
Deed Book1398
Doc Timestamp2/5/2019 5:36:00 PM
Pin Number115A00000010005
Lot Square Feet20000
Lot Size/Dimensions100x200
Lot FacesE
Lot DescritionBeach Frontage,Level,Water Frontage
View DescriptionOcean
Distance To WaterOceanfront
ZoningRES
Flood ZoneVE
ParkingPaved
RoadsPaved,Public

Property Expense & Utilities

If the seller of this property located at 1049 Lighthouse Drive 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/NNo
Tax Year2017
Property Taxes$7,865
Water SourceMunicipal
Septic Disposal SystemPrivate Septic

Financial's

Rental Cottage NameEgret's Landing
Rental Cottage #051
Rental Turnover DaySunday
Finance OptionsCash,Conventional,Jumbo Loan
Furniture Available ?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count8

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 1049 Lighthouse Drive 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

SEASIDE HOME WITH COASTAL CHARM! Egret's Landing is a home which also produces income. Seller spared no expense in making this a rare opportunity to own a LIKE NEW home with exceptional rental income. This was the first year advertised as 7 bedroom so the history wasn't there, but should do even better in 2019. YTD 2018 income is $166,290 as of 12/6/2018 ******** That's with the owner blocking Easter, 1/2 of Oct ,Thanksgiving, Christmas and New Year. If he allowed these weeks open, this would have been an easy 180k in income for 2018******** There's already $164,230 on the books for 2019. If you rent the 5 remaining weeks in 2019 (that rented in 2018), that would put you at $174,000 for 2019, but, if you open the weeks that seller currently blocks the home could easily generate $180,000 to $190,000. If a buyer wanted to be more aggressive an open all of October, Thanksgiving, and January they would probably do closer to $190,000. With sellers limiting the calendar and not allowing dogs, there's definitely room for improved income. Show your most discerning buyers, they will love this home. Thoughtfully re-designed and remodeled ending in May 2018. Egret's Landing is a stunning 7 bedroom (all master suites) 7 bath home with expansive ocean views and a private saltwater heated pool. The soft and clean color palette and stunning decor, create the perfect seaside back drop. Perched on a high dune with 100 ft. of ocean frontage on an uncrowded beach. Year built was 1992, but effective age is 2018. Recent upgrades to exterior include; new landscaping, new pool heater and saltwater filter system, fire pit, all new decking around pool and porches, composite handrails, brand new septic in 2018, new well-pump for landscaping and pool (keeps water bill low), and detached ou

Directions

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 1049 Lighthouse Drive in Corolla is provided courtesy of Heather Vandermyde. 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 1049 Lighthouse Drive 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.

Schools

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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