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Listing 14 out of 74
$2,495,000 - Single Family Home, 23 beds, 20 baths, 3 baths, 12,468 sq ft,
1873 Ocean Pearl Road, Corolla, NC 27927
MLS No. 99427

Listing Description

10 beautiful acres of Ocean to Sound Privacy! This could be one of the most rare opportunities on the East Coast. Included within this vast acreage is a magnificent 12,000+ sqft estate with 23 bedrooms fully furnished and ready to enjoy. Currently a vacation rental and special event retreat, this home generates significant annual income repeatedly grossing between $400-500K. Remotely located in the 4x4 only beaches of Corolla, this one-of-a-kind estate incorporates Old Nags Head style architecture with modern amenities and luxury furnishings. Features include 11,000 sqft of expansive decking, dance and multimedia hall, multiple bar areas, theater room, billiards, large gourmet kitchen with separate commercial kitchen and private elevator access for staff. Enjoy panoramic views of the sea, wild horses grazing near the property in the 1300+ acre US Fish and Wildlife Preserve, or lounge by the pool. You must see this house in person to fully appreciate the size and privacy. Additional financial information available to qualified buyers. Check out the Virtual tour at https://my.matterport.com/show/?m=uc9Lz25dzYe&brand=0&utm;_source=3

Property Features

  • Property Type: Single Family Home
  • Sub Type: Single Family - Detached
  • Listing Status: Active
  • County/Area: Currituck County
  • Zip Code: 27927
  • Year Built: 2010
  • Subdivision/Neighborhood: Swan Island Estates
  • Sq.Ft.: 12,468 sq ft
  • Style: Nags Head, Coastal
  • Bedrooms: 23
  • Full Baths: 20
  • Half Baths: 3
  • Baths: 23
  • Pool or Spa: In Ground,Gunite,Custom,Heated,Private Pool, Private, Yes
  • View: Ocean,Park Serv/Preserve
  • Waterfront: Oceanfront
  • Zoning: res
  • Area: 4-Wheel Drive Area
  • Advertised Income 2015: 515350
  • Advertised Income 2016: 523475
  • Advertised Income 2017: 473050
  • Advertised Income 2018: 391915
  • Air Conditioning: Central
  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator W/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Construction: Frame, Wood
  • Counter Tops: Granite
  • Est Annual Rental Income: 523475
  • Exterior: Shakes, Wood
  • Extras: Boardwalk To Beach, Cabana, Ceiling Fan(S), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Outside Lighting, Outside Shower, Sun Deck, Water Softener, Tiki Bar
  • Foundation: Piling
  • Heating: Central, Heat Pump
  • Interior Features: Cathedral Ceiling(S), Master Bath, Wet Bar, Electric Fireplace
  • Lot Description: Beach Frontage, Water Frontage
  • Optional Rooms: Foyer, Game Room, Home Theater, Media Room
  • Owner Rental Income 2015: 488577
  • Owner Rental Income 2016: 495956
  • Owner Rental Income 2017: 450329
  • Owner Rental Income 2018: 373367
  • Rental Cottage Name: Wild Horse
  • Roads: Unpaved
  • Roof: Asphalt/Fiber Shingle
  • Sale/Rent: For Sale
  • Sewer/Septic: Private Septic
  • Unit/Lot #: Lot# 2
  • Water: Private, Well
  • Water Frontage: 124 ft.
  • Waterfront Location: Oceanfront
Courtesy of Twiddy & Company - Wash Woods, Jason Summerton

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

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