197 Hicks Bay Lane, Corolla, NC 27927

$3,495,000
10
BD
13
BA
6,973
SqFt
List Price
$3,495,000
MLS#
106869
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
10
Bathrooms
13
Full-baths
10
Half-baths
3
Living Area
6,973
Neighborhood
Pine Island Pud

Property Description

RARE OPPORTUNITY! $349,000 RENTAL INCOME - 4 YEAR AVERAGE!! 2017 Advertised Income of $387,235 or an 11.08% ROI. A stellar investment property, custom-designed by FLOREZ Design Studios, Sea Pearl exudes quality the moment you step over the threshold of its beautiful mahogany front entry. Stunning views of the Atlantic and Currituck Sound provide the perfect backdrop for the home's exquisite interior. Replete with first-rate finishes and furnishings including gorgeous Santos Mahogany flooring throughout, understated elegance and an upscale coastal theme provides the perfect setting for memorable experiences for guests. The whole-house SONOS system sets the mood both inside and out. In addition to the extraordinary sound system are 13 SMART-TVs throughout the house. Every bedroom offers completely unobstructed views of either the Atlantic Ocean or the Currituck Sound. Expansive IPE decks embrace the home's exterior and a spacious screened porch all beckon you outside to experience this remarkable and unique setting nestled between the Audubon Nature Preserve and the Atlantic Ocean. Level 3 offers a large open floor-plan that includes an oceanfront dining room resplendent with a custom chandelier mirroring treasures of the sea; a well-appointed kitchen complete with 2 refrigerator/freezers, 2 dishwashers, a wine chiller, and a gourmet chef stove; a lovely vaulted breakfast room overlooking the sound and the Preserve. A special feature is the westward loft and intimate deck from which to enjoy marvelous sunsets over the Nature Preserve. Three en suite masters complete this level. Level 2 is anchored by an expansive oceanfront game room with a wet bar, beverage center, surround sound, and fireplace. There are seven en suite masters on this floor. Level 1 is where the fun truly begins. The main event is a 15-seat state of the art home theater complete with a Kaleidescape streaming movie library. Air hockey, ping pong, game table for 6, wet bar with seating for 5, refrigerator, commercial ice-maker provide all you need for game nights with family and friends. Additional features include a second laundry area, a two-car garage, and two massive storage areas. Once outside, beautiful landscaping, a sparkling saltwater pool, and an over-sized hot tub welcome you to the ultimate playground. The poolside deck also includes an exterior half-bath and two outdoor showers. Built by Wickre Construction for its inaugural season in 2015, Sea Pearl has been immaculately maintained and managed as a luxury home in the Twiddy and Company Premier Home program. With $200,888 already on the books for 2020, this property is already well on its way to another banner year. See the associated documents for updated revenues.

Additional Information

Air Conditioning
Central
Appliances
Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
Association Ammenities
Clubhouse, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Off Site Tennis
Association Fee Includes
Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Construction
Frame
Countertops
Granite
Siding
Shakes, Wood
Extras
Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Fenced Yard, Garage Door Opener, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Screened Porch, Security System, Smoke Detector(s), Sun Deck, Inside Laundry Room
Floor Coverings
Carpet, Ceramic Tile, Tile, Hardwood
Foundation
Piling
Garage
Attached, 2 Car
Heating
Central, Forced Air, Geo-Thermal, Hot Water
Interior Features
9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Master Bath, Pantry, Washer Connection, Wet Bar
Lot Description
Beach Frontage, Cul-de-sac, Level
Optional Rooms
Breakfast Nook, Foyer, Game Room, Loft, Pantry, Utility Room, Home Theater
Parking
Paved
Pool
Yes
Possession
At Closing
Roads
Paved, Private
Roof
Asphalt/Fiber Shingle
Sewer
Community Septic
Style
Coastal
View
Ocean, Sound
Well
Municipal
Zip
27927
Neighborhood
Pine Island Pud
Year Built
2014
Annual Fee
4000
Directions
Turn East off Hwy 12 onto Ogein Drive. Make a right onto Hicks Bay Lane, home is on your left across from the auxiliary parking lot.
Association Fee
Yes
County
Currituck
Annual Rental Income
349100
Rental Co
Twiddy And Company
Rental Cottage #
E222
Rental Cottage Name
Sea Pearl
Furnishings Available
Yes
Bill of Sale in $
Yes
Annual Rental Income$
349100
Rental Performance
0.0999
Yr Electric Expense
6000
Yr Water Expense
2000
Yr Telephone Expense
300
Yr Cable TV Expense
3000
Insurance Expenses
$19,072
Pool/Spa Expense
5000

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Twiddy & Company - Corolla.

Listed by Ray Meiggs

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