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Listing 11 out of 18
$1,749,900 - Single Family Home, 7 beds, 7 baths, 4,100 sq ft,
1049 Lighthouse Drive, Corolla, NC 27927
MLS No. 106425

Listing Description

SEASIDE HOME WITH COASTAL CHARM in an X Flood Zone. Egret's Landing is a generous income producer with $173,210 booked YTD; generating a 10% G.R.O.I. 2020 already has 12 weeks booked at a total of $115,580 and that's with a weekly rate increase. Even though this home generates enormous income it doesn't look like your average rental machine. Egret's Landing looks more like a HOME; without a ton of stairs. If a buyer wanted to be more aggressive and open all of October, Thanksgiving, and end yearHoliday Season they could do closer to $190,000. With sellers limiting the calendar and not allowing dogs, there's definitely room for improved income. Show your most discerning buyers. Thoughtfully re-designed and remodeled ending 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 decor, create the perfect seaside back drop. Perched on a high dune with 100 ft. of ocean frontage on an uncrowded beach. Year built was 1992, but effective age is 2018. Recent upgrades to exterior include; new landscaping, new pool heater and saltwater filter system, 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 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.Rentals -YTD for 2020 $115,580.

Property Features

  • Property Type: Single Family Home
  • Sub Type: Single Family - Detached
  • Listing Status: Active
  • County/Area: Currituck County
  • Zip Code: 27927
  • Year Built: 1992
  • Subdivision/Neighborhood: Whalehead Club
  • Sq.Ft.: 4,100 sq ft
  • Style: Contemporary, Coastal
  • Bedrooms: 7
  • Full Baths: 7
  • Garage: 2 Car, Carport
  • Baths: 7
  • Pool or Spa: Outdoor,In Ground,Private Pool, Private, Yes
  • View: Ocean
  • Waterfront: Oceanfront
  • Zoning: RES
  • Area: Corolla Oceanside
  • Advertised Income 2018: 166290
  • Air Conditioning: Central, Heat Pump, Zoned
  • Appliances: Countertop Range, Disposal, Dishwasher, Dryer, Microwave, Refrigerator W/Ice Maker, Wall Oven, Washer
  • Approx.lot Sqft: 20000
  • Construction: Frame, Wood
  • Counter Tops: Granite
  • Est Annual Rental Income: 198965
  • Exterior: 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
  • Foundation: Piling
  • 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
  • Lot Dimensions: 100x200
  • Lot Faces (News): E
  • Optional Rooms: Shipswatch
  • Owner Rental Income 2018: 158590
  • Parking: Paved
  • Rental Cottage Name: Egret's Landing
  • Roads: Paved, Public
  • Roof: Asphalt/Fiber Shingle
  • Sale/Rent: For Sale
  • Sewer/Septic: Private Septic
  • Street Frontage: 100
  • Unit/Lot #: Lot 1
  • Water: Municipal
  • Water Frontage: 100 ft.
  • Waterfront Location: Oceanfront
Courtesy of Coldwell Banker Seaside Realty - Kdh, Heather Vandermyde

Contact Shore Realty to schedule an appointment or call 800-647-1868

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