$3,495,000 197 Hicks Bay Lane Corolla, NC

MLS: 106869   Type: Single Family   County: Currituck   City: Corolla   Area: Corolla Oceanside   Neighborhood: Pine Island   Zip: 27927   Style: Coastal     Stories: 1   Taxes: $13,037

Mortgage $16,408 /mo



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RARE OPPORTUNITY! $349,000 RENTAL INCOME - 4 YEAR AVERAGE!! 2017 Advertised Income of $387,235 or an 11.08% ROI. A stellar investment property, custom-designed by FLOREZ Design Studios, Sea Pearl exudes quality the moment you step over the threshold of its beautiful mahogany front entry. Stunning views of the Atlantic and Currituck Sound provide the perfect backdrop for the home's exquisite interior. Replete with first-rate finishes and furnishings including gorgeous Santos Mahogany flooring throughout, understated elegance and an upscale coastal theme provides the perfect setting for memorable experiences for guests. The whole-house SONOS system sets the mood both inside and out. In addition to the extraordinary sound system are 13 SMART-TVs throughout the house. Every bedroom offers completely unobstructed views of either the Atlantic Ocean or the Currituck Sound. Expansive IPE decks embrace the home's exterior and a spacious screened porch all beckon you outside to experience this remarkable and unique setting nestled between the Audubon Nature Preserve and the Atlantic Ocean. Level 3 offers a large open floor-plan that includes an oceanfront dining room resplendent with a custom chandelier mirroring treasures of the sea; a well-appointed kitchen complete with 2 refrigerator/freezers, 2 dishwashers, a wine chiller, and a gourmet chef stove; a lovely vaulted breakfast room overlooking the sound and the Preserve. A special feature is the westward loft and intimate deck from which to enjoy marvelous sunsets over the Nature Preserve. Three en suite masters complete this level. Level 2 is anchored by an expansive oceanfront game room with a wet bar, beverage center, surround sound, and fireplace. There are seven en suite masters on this floor. Level 1 is where the fun truly begins. The main event is a 15-seat state of the art home theater complete with a Kaleidescape streaming movie library. Air hockey, ping pong, game table for 6, wet bar with seating for 5, refrigerator, commercial ice-maker provide all you need for game nights with family and friends. Additional features include a second laundry area, a two-car garage, and two massive storage areas. Once outside, beautiful landscaping, a sparkling saltwater pool, and an over-sized hot tub welcome you to the ultimate playground. The poolside deck also includes an exterior half-bath and two outdoor showers. Built by Wickre Construction for its inaugural season in 2015, Sea Pearl has been immaculately maintained and managed as a luxury home in the Twiddy and Company Premier Home program. With $200,888 already on the books for 2020, this property is already well on its way to another banner year. See the associated documents for updated revenues.

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Price History

10/8/2019 Listed $3,495,000

Association Amenities Clubhouse, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Off Site Tennis
Builder Wickre Construction Company
Construction Frame
Extras Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Fenced Yard, Garage Door Opener, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio
Financing Options Cash, Conventional, Jumbo Loan
Flood Expenses 0
HOA Fee Includes Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Listing Area Corolla Oceanside
Ownership Owned More than 12 Months
Parking Paved
Potential Short Sale No
Status Active
Status Active
Style Coastal
Subdivision Pine Island Pud
Tax Year 2019
Taxes 13037
Type Single Family - Detached
Year Built 2014
Zoning Res

Interior Features

Appliances Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
Bedroom 1 Level 3
Bedroom 2 Level 3
Bedroom 3 Level 3
Bedroom 4 Level 2
Bedroom 5 Level 2
Bedroom 6 Level 2
Bedroom 7 Level 2
Bedroom 8 Level 3
Cooling Central
Dining Room Level 3
Floor Covering Carpet, Ceramic Tile, Tile, Hardwood
Full Baths 10
Furnishings Available Y/n Yes
Game Room Level 1
Half Baths 3
Heating Central, Forced Air, Geo-Thermal, Hot Water
Interior Features 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Master Bath, Pantry, Washer Connection, Wet Bar
Kitchen Level 3
Living Room Level 3
Optional Rooms Breakfast Nook, Foyer, Game Room, Loft, Pantry, Utility Room, Home Theater
Total Beds 10
Total Number of Units 0

Exterior Features

Approx.lot Sqft 27443
Exterior Shakes, Wood
Flood Zone X
Foundation Piling
Garage Attached, 2 Car
Land Value 1138200
Lot Description Beach Frontage, Cul-de-sac, Level
Pool (Y/N) Yes
Pool Type Private
Pool Y/N In Ground, Concrete, Custom, Heated Salt, Private Pool
Roads Paved, Private
Roof Asphalt/Fiber Shingle
View Ocean, Sound
Water Municipal

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Property vs Zip Code Avg (27927)

Price 3.49M Avg 837K

Sqr Feet 6,973 Avg 3,189

Cost / Sqr Ft $501 Avg $263

Taxes $13,037 Avg $4,236

Acres 0.63 Avg 0.21

Visits 199 Avg 152

Days on Site 102 Avg 189

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Listing Provided Courtesy Of: Ray Meiggs @ Twiddy & Company - Corolla

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Location & Address

Buy the Beach Realty, LLC
115 W. Oregon Avenue Unit 2
Kill Devil Hills, NC