118 N Baum Trail, Duck, NC 27949

$10,750,000
12
BD
15
BA
9,893
SqFt
List Price
$10,750,000
Price Change
▲ $675,000 1626674627
MLS#
115270
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
12
Bathrooms
15
Full-baths
12
Half-baths
3
Living Area
9,893
Neighborhood
Palmer's Island

Property Description

One of the most well-appointed and premier homes on the Outer Banks, this oceanfront estate is almost 10,000 sq ft of living space and was constructed in 2018 in the world-class Palmer’s Island community. Capable of generating over $600K in rental income per year, the home is a great investment, and an idyllic summer home. Situated on over an acre of land with 150 feet of oceanfront, the property boasts expansive panoramic views overlooking the Atlantic Ocean to the east and the Currituck Sound to the west.  This pristine luxury home is designed to fuse the classic coastal shingle style of historic Outer Banks cottages and the shingle style of the north, with modern touches throughout in a location where privacy and seclusion are paramount.  A private boat dock and ramp on the Currituck Sound offers private access to boating, kayaking and fishing. The nearby Pine Island Racquet Club, Sanderling Resort, and Currituck Club Golf Course offer indoor tennis, Spa, indoor pool and fitness club, exclusive restaurants, and premier golf respectively. In between the quaint villages of Duck and Corolla, Palmer’s Island can also be accessed by landing a private plane at the nearby Pine Island airport and is just over an hour away from the Norfolk airport. This coastal retreat features shiplap walls, hardwood floors, gourmet kitchen, multiple living areas and kitchenettes, theatre room, game rooms, arcade, private elevator, laundry facilities on each level, custom tiled bathrooms, and even it’s own private English Pub on the top level. Outside, the private 24’ x 50’ heated pool and poolside cabana feature a relaxing lounge area with outdoor entertainment, grilling area, and two hot tubs that flow into an impressive game area under the home with mini golf, shuffleboard and ping pong, corn hole, horseshoes, and rock climbing wall.  Step out onto the private boardwalk to the beach leading to a dune-top sun deck and easy access to the beach. The home is elevated over the dune (no flood insurance required) and offers exquisite views of the stunning coastal landscape from all levels, allowing you to take in both sunrises and sunsets from every level. Four of the twelve master bedrooms are large luxurious suites, each with private deck access, custom baths, and comfortable furnishings. The additional eight master bedrooms have their own private bath as well, two of which are unique kids rooms with built in bunk beds. You will not find a more perfect home on the beach, and it’s no wonder it was recognized as the winner of the Judges award of Excellence and People’s Choice award in the 2018 OBX Parade of Homes.

Additional Information

Air Conditioning
Central, Heat Pump
Appliances
Countertop Range, Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Refrigerator, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
Association Ammenities
Boat Dock, Sound Access
Association Fee Includes
Grounds Maintenance, Road Maintenance, Walkways
Countertops
Granite
Siding
Shakes
Extras
Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar, Inside Laundry Room
Floor Coverings
Carpet, Ceramic Tile, Tile, Hardwood, Engineered Wood
Heating
Central, Heat Pump
Interior Features
Beamed Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Master Bath (Ensuite), Walk in Closet, Washer Connection, Wet Bar, 1st Flr Master (Ensuite)
Lot Description
Beach Frontage, Water Frontage
Optional Rooms
Foyer, Game Room, Home Theater, Media Room
Parking
Paved, Off Street
Pool
Yes
Possession
At Closing
Roads
Paved
Roof
Wood Shingles
Sewer
Private Septic, Non Conventional Septic
Style
Reverse Floor Plan, Coastal
View
Ocean, Sound
Well
Municipal
Zip
27949
Neighborhood
Palmer's Island
Year Built
2018
Annual Fee
4200
Association Fee
Yes
County
Dare
Annual Rental Income
601065
Rental Co
Twiddy And Company
Rental Cottage #
B987
Rental Cottage Name
Palmer's Panorama
Furnishings Available
Yes
Annual Rental Income$
601065
Rental Performance
0.0559
Insurance Expenses
$16,190

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Four Seasons Realty.

Listed by Jo Ann Konstanzer

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