863 Lighthouse Drive, Corolla, NC 27927

$1,999,000
11
BD
11
BA
6,200
SqFt
List Price
$1,999,000
Price Change
▼ $401,000 1554322259
MLS#
98616
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
11
Bathrooms
11
Full-baths
9
Half-baths
2
Living Area
6,200
Neighborhood
Whalehead Club

Property Description

Spectacular Ocean Front Home with Incredible Ocean Views and located in the prestigious Whalehead Club ! PRICE REDUCTION of $401,000!! X- Flood Zone! A Quality Custom Built 11 Bedroom Home that has all the amenities you can imagine with 8 Master Bedrooms, & Strong Consistent Rental Income of 13% GRI. This home Features Hardwood Floors, Wainscoting, Granite Kitchen Counters, Upgraded Cabinets, ELEVATOR, Media Room, Ships Watch, Huge Super Fun Game Room, Amazing Dune Top Deck, 2 Hot Tubs and large Pool area with Cabana and Tiki Bar. Top Floor is spacious and open for all to gather with breath taking Ocean Views through out. The Top Level has Living Room with Hardwood Floors, Cathedral Ceilings, Gas Fireplace, inviting Dining Room, Upgraded Kitchen with Granite Counters, 2 Dish Washers, 2 Refrigerators, 2 Ovens, and Walk In Pantry, Office Area, Entertainment Area, Wet Bar, Ships Watch, Master Bedroom with Gas Fireplace, and Sun Decks with 2 Hot Tubs and one Hot Tub over looking the Ocean and Pool. Mid Level features impressive Entry Foyer, Media Room with Wet Bar, 5 Master Bedrooms of which 2 have Gas Fire Places, Most Bedrooms have access to decks, DUNE TOP DECK and your own PRIVATE WALKWAY to the BEACH. Ground Level features 5 Bedrooms of which 2 are Master Bedrooms, an oversized Game Room with Sports Bar, Pool Table, Foosball, and ½ Bath with access to outdoor Pool. Relax at the awesome Private Pool Area that includes, Large Pool, Kiddie Pool, Cabana, and Tiki Bar with outdoor kitchen. This well maintained home has just completed replacing the Roof and many Decks. The Advertised Gross Rental Income as of October 1, 2019 is $252,153.14. Sellers are doing the following improvements for the 2020 Rental Season: New Front Stairs, New Lattice around mechanical equip., Demo existing TiKi Bar and prepare for outdoor den w/ fire pit, New Grilling Station, and New Ocean Front Dune Top Deck. If you are looking for a Beautiful Quality Custom Built Ocean Front Home with Expansive Decks, Panoramic Ocean Views, Consistent Strong Advertised Gross Rental Income at 13 % GRI, with all the amenities that you can imagine, including your own Dune Top Deck and Private Walkway to the Beach, then this is the Home for You. Knockin’on Heaven’s Doors is Coastal Living at its Finest!

Additional Information

Air Conditioning
Heat Pump
Appliances
Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
Association Fee Includes
None
Construction
Frame, Wood
Countertops
Granite
Siding
Cement Fiber Board
Extras
Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
Floor Coverings
Carpet, Ceramic Tile, Wood
Foundation
Piling, Slab
Heating
Heat Pump
Interior Features
9' Ceilings, All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ice Maker Connection, Master Bath, Wet Bar
Lot Description
Beach Frontage, Level, Water Frontage
Optional Rooms
Foyer, Game Room, Pantry, Shipswatch, Home Theater, Media Room
Parking
Paved
Pool
Yes
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle, Metal
Sewer
Private Septic
Style
Reverse Floor Plan
View
Ocean
Well
Municipal
Zip
27927
Neighborhood
Whalehead Club
Lot Dimension
100X350
Year Built
2004
Annual Fee
45
Directions
Rt 12 North. Right on Dolphin. Left on Lighthouse. Home is on the Right.
County
Currituck
Annual Rental Income
263935
Rental Co
Corolla Classic Vacations
Rental Cottage #
4011
Rental Cottage Name
Knockin'on Heaven's Doors
Furnishings Available
Yes
Annual Rental Income$
263935
Rental Performance
0.132
Yr Electric Expense
8838
Yr Water Expense
1581
Yr Cable TV Expense
1567
Insurance Expenses
$1,329
Flood Expenses
759
Pool/Spa Expense
5000

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Corolla Beach Realty.

Listed by Daniel LaRue

Copyright 2019 Outer Banks Association of REALTORS®. All rights reserved.

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®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.

Real estate listing held by brokerage firms other than Real Estate Company are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.