1049 Lighthouse Drive , Lot 1

    Corolla, NC 27927
    • $1,749,900
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 106425
    UPDATED: 17 min ago
    $1,749,900
    • 7
      BEDS
    • 0.46
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 4,100
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1992
    County:

    School Ratings & Info

    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 14 weeks booked at a total of $141,780 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.

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    © 2019 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trisha Midgett - Midgett Realty. Data last updated: 2019-11-17T18:37:35.983.
    www.trishamidgett.com/homes/98575301

    1049 Lighthouse Drive , Lot 1 Corolla, NC 27927

    • Price: $1,749,900
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 106425
    7
    Beds
    7
    Baths
    0
    ½ Baths
    0.46
    Acres
    4,100
    SQFT
    $427
    $/SQFT
    1992
    Built
    Neighborhood:
    Whalehead Club
    County:
    Currituck
    Area:
    Corolla Oceanside
    Property 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 14 weeks booked at a total of $141,780 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.
    Exterior Features

    Construction FrameWood Exterior Lap SidingCement Fiber Board Extras Beach AccessBoardwalk To BeachCeiling Fan(S)Covered DecksJet TubOutside ShowerSmoke Detector(S)Sun Deck Foundation Piling Garage 2 CarCarport Lot Description Beach FrontageLevelWater Frontage Lot Faces E Lot Size Dimensions 100X200 Parking Paved Pool OutdoorIn GroundPrivate Pool Pool YN Yes Roads PavedPublic Roof Asphalt/Fiber Shingle Street Frontage 100 Style ContemporaryCoastal View Description Ocean Water Frontage 100 Waterfront Location Oceanfront

    Interior Features

    Air Conditioning CentralHeat PumpZoned Appliances Countertop RangeDisposalDishwasherDryerMicrowaveRefrigerator W/Ice MakerWall OvenWasher Counter Tops Granite Floor Coverings CarpetCeramic TileWood Furnishings Available YN Yes Heating CentralElectricHeat Pump Interior Features Cathedral Ceiling(S)Dryer ConnectionGas ConnectionGas FireplaceIce Maker ConnectionMaster BathWalk in ClosetWasher Connection Optional Rooms Shipswatch

    Property Features

    Annual Rental Income 198965 Association Fee YN No Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventionalJumbo Loan Flood Zone X Lease Terms Weekly Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Egret's Landing Rental Performance 0.1137 Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2019 Taxes 9241.34 Water Municipal Zoning Res

    Listing courtesy of Heather Vandermyde of Coldwell Banker Seaside Realty - Kdh.


    © 2019 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trisha Midgett - Midgett Realty. Data last updated: 2019-11-17T18:37:35.983.
     
    Trisha Midgett - Midgett Realty
    PO Box 114
    Rodanthe NC, 27968