512 Breakers Arch, Corolla, NC 27927

$1,799,000
10
BD
11
BA
6,951
SqFt
List Price
$1,799,000
MLS#
100206
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
10
Bathrooms
11
Full-baths
10
Half-baths
1
Living Area
6,951
Neighborhood
Ocean Sands

Property Description

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? Me too! (Thank you media outlets) 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" generates 184k annually in "advertised" income and will easily generate over 190k if prime weeks are added back into the equation. 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.

Additional Information

Air Conditioning
Central, Heat Pump, Zoned
Appliances
Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
Construction
Frame, Wood
Countertops
Granite
Siding
Lap Siding, Wood
Extras
Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub, Landscaped, Lawn Sprinklers, Security System, Smoke Detector(s)
Floor Coverings
Carpet, Tile, Wood
Foundation
Piling
Garage
None
Heating
Central, Forced Air, Heat Pump, Zoned
Interior Features
9' Ceilings, All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Gas Connection, Ice Maker Connection, Pantry, Washer Connection, Wet Bar
Lot Description
Level
Optional Rooms
Foyer, Game Room, Home Theater, Media Room
Parking
Paved
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Non Conventional Septic
Style
Reverse Floor Plan, Nags Head, Craftsman, Coastal
View
Ocean
Well
Municipal
Zip
27927
Neighborhood
Ocean Sands
Year Built
2012
County
Currituck
Annual Rental Income
197610
Rental Co
Carolina Designs
Rental Cottage #
954
Furnishings Available
Yes
Bill of Sale Amt
1
Annual Rental Income$
197610
Rental Performance
0.1098

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Re/Max Surfside.

Listed by Tim Lancsek

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