Property Description

Nestled in Duck, NC within the secluded community of Palmer’s Island on North Carolina’s Outer Banks stands Palmer’s Panorama, an architectural masterpiece that redefines coastal luxury living. Honored with the esteemed 2018 OBX Parade of Homes Judges Award of Excellence and the People’s Choice accolades, this sprawling estate spans nearly 10,000 square feet across an expansive oceanfront acre. Please enjoy this splendid VIDEO by pasting the link into your browser: https://www.youtube.com/watch?v=t1015LvJBPo Crafted by Mancuso Construction in 2018, Palmer’s Panorama stands as a pioneering masterpiece in architectural design, offering breathtaking panoramic vistas of both the ocean and sound from every level. This opulent estate boasts 12 luxurious ensuite bedrooms, most with dedicated decks, and three exquisitely designed living areas. Outdoor entertainment features include a 24’ x 50’ heated pool with a 15’x15′ tanning ledge, cabana, showers, and bathroom, along with two inviting hot tubs. The pool has a new 250,000 BTU LP gas heater that makes chilly water warm up fast! A covered recreation area provides amenities like mini-golf, basketball, ping-pong, shuffleboard, and a host of games and toys for children and adults alike. (See the associated documents.) Notwithstanding its luxurious amenities, the remarkable location of Palmer’s Panorama makes it truly extraordinary. The setting within Palmer’s Island offers thrilling sunrises over the ocean and magnificent sunsets across the Currituck Sound in the midst of unparalleled natural beauty. A private boat dock and ramp on the Currituck Sound offers private access to boating, kayaking and fishing. Nearby, the Sanderling Racquet & Swim Club, Pine Island Racquet Club, Sanderling Resort, and Currituck Club Golf Course offer indoor tennis, Spa, indoor pool and fitness clubs, exclusive restaurants, and premier golf respectively. Relish a sunset stroll along the sound to the area’s only 4 Diamond-rated restaurant, Kimball’s Kitchen, to enjoy exquisite culinary experiences on the soundfront within the Sanderling Resort. Moreover, the property’s proximity to the DONAL C. O’BRIEN, Jr. AUDUBON SANCTUARY in Corolla is a highlight of its unique location. Just steps away from this lavish retreat lies this pristine expanse, preserving 2,600 ACRES of protected marsh, upland maritime forest, and sandy beaches. The Sanctuary provides respite for migratory birds and wildlife, away from human disturbance. Visitors can revel in the untouched beauty of the Sanctuary through kayak tours, public programs, and nature trails, offering a serene and captivating experience adjacent to the luxurious realm of Palmer’s Panorama. In addition to its natural splendor, Palmer’s Panorama presents an extraordinary investment opportunity as a vacation rental property. Its proximity to major urban hubs like Northern Virginia (NVA), Washington D.C., Philadelphia, and even Manhattan makes it an ideal getaway for urban dwellers seeking fresh ocean breezes by the coast. With its luxurious amenities, pristine surroundings, and convenient location, it has proven potential to generate substantial ANNUAL RENTAL INCOME approaching $750,000. For a comprehensive understanding of Palmer’s Panorama’s investment potential and a detailed breakdown of its rental income history and projections, we highly recommend reviewing the associated documents outlining the property’s earnings. These documents contain valuable insights into the substantial revenue-generating capability of this remarkable estate. Palmer’s Panorama offers not only an exceptional estate but a gateway to both an unforgettable coastal experience and a profitable investment opportunity, combining luxury living, breathtaking natural surroundings, and promising rental potential. Please enjoy this splendid VIDEO by pasting the YouTube link into your browser: https://www.youtube.com/watch?v=t1015LvJBPo

Features
APPLIANCES:
Dishwasher, Microwave, Refrigerator, Dryer, Washer, Freezer, Wall oven, Ice machine, 2nd dishwasher, 2nd refrigerator, Wine cooler
INTERIOR FEATURES:
Cathedral ceiling(s), Gas fireplace, Wet bar, Bay/bow window, Pantry, 9' ceilings, Ensuite, 1st Flr Ensuite
EXTRAS:
Ceiling fan(s), Outside shower, Sun deck, Hot tub, Landscaped, Dry entry, Elevator, Inside laundry room, Boardwalk to beach, Tiki bar, Cabana
Swimming Pool
Heating System:
Heat Pump, Central, Zoned, Electric
Cooling System:
Central, Heat pump, Zoned
Parking:
Carport
Subdivision:
Palmer's Island
Construction:
Frame
Foundation:
Piling
Roof:
Wood shingles
Roads:
Paved, Private
Floor Covering:
Carpet, Tile, Wood
Water:
Municipal
Sewer/Septic:
Private septic, Non conventional septic
STYLE:
Contemporary
EXTERIOR:
Shakes
COUNTER TOPS:
Quartz
OPTIONAL ROOMS:
Home theater
Financial
Tax Year:
2023
Taxes:
$28,914
Assoc. Fee Y/N/Voluntary:
No - Restrictive Covenants May Apply
Estimated Annual Fee $:
$4,200
Furnishings Available Y/N:
Yes
Bill of Sale Amount $:
$0
Primary Residence (Y/N):
No
Ownership:
Owned more than 12 months
Yr Electric Expense:
$0
Yr Water Expense:
$0
Yr Telephone Expense:
$0
Yr Cable TV Expense:
$0
Homeowner/Dwelling Insura:
$0
Wind Insurance:
$0
Flood Expenses:
$0
Maintenance Expenses:
$0
Pool/Spa Expense:
$0
Other Expenses:
$0
Other Expenses 2:
$0
Other Expenses 3:
$0
Total Expenses:
$0
Yearly Expense Act/Est:
$0
Owner Rental Income 2016$:
$0
Owner Rental Income 2015$:
$0
Owner Rental Income 2017$:
$0
Advertised Income 2016$:
$0
Advertised Income 2015$:
$0
Advertised Income 2017$:
$0
Est Annual Rental Income:
$748,140
Listed By:
Twiddy and Co. - Duck
Agent First:
Ray
Agent Last:
Meiggs

For sale

118 Baum Trail, Duck, NC 27949

12 Bedrooms
12 Bathrooms
9,651 Sqft
$12,000,000
Listing ID #124212
Basic Details
Living Area Sq. Ft :
9,651 Sqft
Property Type :
Residential
Listing Type :
For sale
Listing ID :
124212
Price :
$12,000,000
Water View :
Oceanfront
View :
Ocean,sound
Bedrooms :
12
Bathrooms :
12
Half Bathrooms :
3
Year Built :
2018
Country:
United States
State:
NC
County:
Dare
City:
Duck
Zipcode:
27949
Status :
Active
Type :
Single family - detached
Area :
Duck oceanside
Unit/Lot # :
Lot 2
DOM :
344