Property Description

OVER $100,000 GROSS REVENUES for FIVE CONSECUTIVE YEARS! “Stella Maris of Corolla,” a true star of the sea, is affectionately given this name by the owners who have thoroughly loved the rewards of family visits and exceptional investment performance through ownership of this lovely home. Sadly, ages and stages of life call them to move on to the next chapters ahead. Centrally located in the Whalehead community, just a 4-MINUTE WALK STRAIGHT TO THE OCEANFRONT, nestled amid mature trees on a one-half-acre private lot, this expansive 8 bedroom, 5 bath home offers over 4300 sq ft of living space, perfect for gracious gatherings with family and friends. The top floor features a spacious open floor plan with a private ENSUITE and WRAPAROUND DECKS OVERLOOKING A MASSIVE PRIVATE POOL. Capture a VIEW OF THE OCEAN and enjoy SUNRISES OVER THE ATLANTIC or RELAX with an enchanting evening of stargazing from the rooftop ship’s watch deck. The second floor offers an office, TWO ensuites, and TWO additional bedrooms that share a bathroom. The ground floor boasts THREE bedrooms, entertainment areas, and a spacious rec room with a pool table, sitting area, and kitchenette that includes a full-size refrigerator and icemaker. Outside, a playground of fun awaits with a large private pool and Tiki Bar, sand volleyball court and horseshoes, basketball goal, and hot tub. Conveniently located near the Historic Corolla Village and Park, guests can easily WALK OR BIKE to explore the charming village and its historic sites. The iconic Currituck Lighthouse is also nearby, offering breathtaking views of the coast. Don’t forget to visit the Corolla Wild Horses, a unique and enchanting sight that adds to the allure of this coastal retreat. With wide hallways and gracious stairways, this home warmly welcomes large groups or gently embraces you for a quiet visit with single-floor living. Don’t miss this opportunity to invest in an exquisite property, a true star of the sea, “Stella Maris”! Please see the associated documents for the stellar rental performance.

Features
APPLIANCES:
Dishwasher, Microwave, Range/oven, Refrigerator w/ice maker, 2nd dishwasher, 2nd refrigerator
INTERIOR FEATURES:
Cathedral ceiling(s), Dryer connection, Gas fireplace, Washer connection, Pantry, All window treatments, Ensuite
EXTRAS:
Covered decks, Beach access, Ceiling fan(s), Outside shower, Sun deck, Jet tub, Outside lighting, Inside laundry room, Tiki bar, Common laundry area, Roof top deck
Swimming Pool
Heating System:
Heat Pump
Cooling System:
Heat pump
Subdivision:
Whalehead Club
Construction:
Frame, Wood
Foundation:
Slab, Piling
Roof:
Asphalt/fiber shingle
Roads:
Paved, Public
Floor Covering:
Carpet, Tile, Wood
Water:
Municipal
Sewer/Septic:
Private septic
STYLE:
Reverse floor plan, Coastal
EXTERIOR:
Cement fiber board
COUNTER TOPS:
Laminate
OPTIONAL ROOMS:
Game room, Foyer, Office, Pantry
Financial
Tax Year:
2024
Taxes:
$5,805
Assoc. Fee Y/N/Voluntary:
Voluntary - Restrictive Covenants May Apply
Estimated Annual Fee $:
$55
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:
$121,065
Listed By:
Twiddy and Co. - Duck
Agent First:
Ray
Agent Last:
Meiggs

For sale

1047 Corolla Drive, Corolla, NC 27927

8 Bedrooms
5 Bathrooms
4,333 Sqft
$1,349,000
Listing ID #127133
Basic Details
Living Area Sq. Ft :
4,333 Sqft
Property Type :
Residential
Listing Type :
For sale
Listing ID :
127133
Price :
$1,349,000
Water View :
4 lots from ocean
View :
Ocean
Bedrooms :
8
Bathrooms :
5
Half Bathrooms :
2
Year Built :
2005
Country:
United States
State:
NC
County:
Currituck
City:
Corolla
Zipcode:
27927
Status :
Under Contract
Type :
Single family - detached
Area :
Corolla oceanside
Unit/Lot # :
Lot 50
DOM :
42