1049 Lighthouse Drive, Corolla, NC 27927

$1,899,900
7
BD
7
BA
4,100
SqFt
List Price
$1,899,900
Price Change
▼ $50,100 1538702823
MLS#
101613
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
7
Bathrooms
7
Full-baths
7
Living Area
4,100
Neighborhood
Whalehead Club

Property Description

Seaside living with coastal charm! Thoughtfully re-designed and remodeled in 2017 and 2nd phase completed 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 décor, create the perfect seaside back drop. Perched on a high dune with 100’ of ocean frontage on an uncrowded beach. Year built was 1992, but effective age is 2017. Recent upgrades to exterior include; new landscaping, new pool heater and saltwater filter system, new 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 outdoor storage building. The interior was renovated & reconfigured starting with a brand new granite countertops, Kitchen Aid stainless steel appliances, and tile backsplash. The great room is a show stopper with a 2 story window wall capturing fantastic ocean views, new gas fireplace with stack stone face, all accented with newer classic coastal furnishings and decor. A 3 season room was added in 2017 just off the great room and perfect for morning coffee or dinners seaside. The bedrooms include a paneled wainscoting, amazing ocean views from most every room, new carpet, and all bathrooms have new granite countertops, faucets, new vanities (in 4 baths), custom tile showers (in most), and all new faucets. One of the master suites has it's own sitting room with breathtaking views of the Atlantic Ocean and white sandy beaches. Most outdoor furniture is made by Carolina Casuals and Nags Head Hammocks. All upholstered furniture in living room is low maintenance Sunbrella. Seller's spared no expense in making this a rare opportunity to own a LIKE NEW home with exceptional rental income. Egret's Landing is a HOME even though it generates income like a CASH COW/RENTAL MACHINE. LETS TALK 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 10/31/2018 ******** 2018 is booked at 166,290 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 149k on the books for 2019 (if you rent the 5 remaining 2019 weeks that rented in 2018 that would put you at 174,000 for 2019, but if you open the weeks the seller blocks, it would easily do 180k to 190k. If buyer wanted to be more aggressive and open all of October, Thanksgiving, and January they would probably do closer to 190k. Sellers limit calendar and don't allow dogs, there's definitely room for improved income. Show your most discerning buyers, they will love this home.The only weeks available to rent in 2019 are the following: 1.4/21,4/28,5/5, 5/12, 7/14,9/22 and 9/21. Renters love this house, and seller limits week so buyer could even do more weeks.

Additional Information

Air Conditioning
Central, Heat Pump, Zoned
Appliances
Countertop Range, Disposal, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer
Construction
Frame, Wood
Countertops
Granite
Siding
Lap Siding, Cement Fiber Board
Extras
Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Jet Tub, Outside Shower, Smoke Detector(s), Sun Deck
Floor Coverings
Carpet, Ceramic Tile, Wood
Foundation
Piling
Garage
2 Car
Heating
Central, Electric, Heat Pump
Interior Features
Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Master Bath, Walk in Closet, Washer Connection
Lot Description
Beach Frontage, Level, Water Frontage
Optional Rooms
Shipswatch
Parking
Paved
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Coastal
View
Ocean
Well
Municipal
Zip
27927
Neighborhood
Whalehead Club
Lot Dimension
100x200
Year Built
1992
County
Currituck
Annual Rental Income
198965
Rental Co
Carolina Designs
Rental Cottage #
051
Rental Cottage Name
Egret's Landing
Furnishings Available
Yes
Bill of Sale Amt
1
Annual Rental Income$
198965
Rental Performance
0.1047

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker-Seaside Realty - Kdh.

Listed by Heather Vandermyde

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