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118 N Baum Trail , Lot 10

Duck, NC 27949
  • $10,750,000
  • STATUS: Active
  • ON SITE: 138 Days
  • MLS #: 115270
UPDATED: 22 min ago
$10,750,000
  • 12
    BEDS
  • N/A
    ACRES
  • 12
    BATHS
  • 3
    1/2 BATHS
  • 9,893
    SQFT
  • $1,087
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2018
County:

School Ratings & Info

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 Palmers Island community. Capable of generating over $600K in rental income per year, the home is a great investment, and an idyllic summer home. Already 30 WEEKS BOOKED for 2022 rental season totaling OVER $579K in income, and 17 weeks already reserved for 2023! You'll be hard pressed to find a home on the Outer Banks that has this kind of income potential! 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, Palmers 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 its 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 comfortablefurnishings. 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 its no wonder it was recognized as the winner of the Judges award of Excellence and Peoples Choice award in the 2018 OBX Parade of Homes.

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© 2021 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: 2021-12-03T11:37:38.113.
www.trishamidgett.com/homes/119428185
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118 N Baum Trail , Lot 10 Duck, NC 27949

  • Price: $10,750,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 22 min ago
  • MLS #: 115270
12
Beds
12
Baths
3
½ Baths
N/A
Acres
9,893
SQFT
$1,087
$/SQFT
2018
Built
Neighborhood:
Palmer's Island
County:
Dare
Area:
Duck Oceanside
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 Palmers Island community. Capable of generating over $600K in rental income per year, the home is a great investment, and an idyllic summer home. Already 30 WEEKS BOOKED for 2022 rental season totaling OVER $579K in income, and 17 weeks already reserved for 2023! You'll be hard pressed to find a home on the Outer Banks that has this kind of income potential! 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, Palmers 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 its 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 comfortablefurnishings. 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 its no wonder it was recognized as the winner of the Judges award of Excellence and Peoples Choice award in the 2018 OBX Parade of Homes.
Exterior Features

Exterior Shakes Extras Beach AccessBoardwalk To BeachCabanaCeiling Fan(S)Covered DecksElevatorHot TubLandscapedLawn SprinklersOutside LightingOutside ShowerPatioSmoke Detector(S)Sun DeckTiki BarInside Laundry Room Lot Description Beach FrontageWater Frontage Parking Off StreetPaved Pool HeatedIn GroundOutdoorPrivate Pool Pool YN Yes Roads Paved Roof Wood Shingles Style Reverse Floor PlanCoastal View Description OceanSound Waterfront Location Oceanfront

Interior Features

Air Conditioning CentralHeat Pump Appliances Countertop RangeDishwasherDryerFreezerIce MachineMicrowaveRefrigeratorRefrigerator W/Ice MakerWall OvenWasher2Nd Dishwasher2Nd RefrigeratorWine Cooler Counter Tops Granite Floor Coverings CarpetCeramic TileEngineered WoodHardwoodTile Furnishings Available YN Yes Heating CentralHeat Pump Interior Features Beamed Ceiling(S)Dryer ConnectionGas ConnectionGas FireplaceIce Maker ConnectionMaster Bath (Ensuite)Walk in ClosetWasher ConnectionWet Bar1St Flr Master (Ensuite) Optional Rooms FoyerGame RoomHome TheaterMedia Room

Property Features

Annual Rental Income 601065 Association Amenities Boat DockSound Access Association Fee Includes Grounds MaintenanceRoad MaintenanceWalkways Association Fee YN Yes Bank Owned YN No Builder Mancuso Development Estimated Annual Fee 4200 Financing Options CashConventionalJumbo Loan Flood Zone X Insurance Expenses 16190 Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Palmer's Panorama Rental Performance 0.0559 Residential Type Single Family - Detached Sewer Septic Non Conventional SepticPrivate Septic Tax Year 2021 Taxes 28913.81 Water Municipal Zoning Res

Listing courtesy of Jo Ann Konstanzer of Four Seasons Realty.


© 2021 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: 2021-12-03T11:37:38.113.
 
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Trisha Midgett - Midgett Realty
PO Box 114
Rodanthe NC, 27968
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