1215 Atlantic Avenue, Corolla, NC 27927

$1,780,000
7
BD
7
BA
3,695
SqFt
Sold Price
$1,780,000
List Price
$1,900,000
Closing Date
Feb 25, 2022
MLS#
115660
Status
SOLD
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
7
Bathrooms
7
Full-baths
6
Half-baths
1
Living Area
3,695
Neighborhood
Ocean Hill

Property Description

Unbelievable Ocean Views from this beautiful Corolla OceanFront 7 bedroom home! Spectacular Ocean Views can be enjoyed from the top level and also from the midlevel and Pool Area. Top level is open bright and spacious with panoramic ocean views from the Kitchen, Dining room, Great room and 2 Master Bedrooms. Both Master Bedrooms have Ocean Views and Deck Access. Mid level offers one King Master and two Queen Masters, each with ocean views and deck access. Additionally there is one Queen Bedroom with ocean views and deck access which shares a full bath with one bedroom that has 2 twin bunkbed sets. Ground level features a rec room with pool table, wet bar with sink, microwave, full size refrigerator, half bath, laundry and 2 sleep sofas. Stroll out to the welcoming pool area with heated pool that is expansive and well furnished for all to relax and enjoy. After floating in the pool, hop into the elevated hot tub to take in the serene ocean views or grab some shade under the pergola or one of the shaded decks over looking the pool with views extending to the ocean. You will be delighted with your very own Dune Top Deck and Walkway to the beach! Bathrooms throughout the home have been beautifully Updated with new vanities, sinks, fixtures, lights, toilets and paint. Some recent improvements include replacing front entry deck and railings in 2021, new Refrigerator in Rec Room, 2 new sleep sofas, new Dining room furniture, new Queen Bedroom set, replaced stairs to beach, replaced pool heater with a more efficient heat pump pool heater, replaced one HVAC unit in 2018. Strong Gross Rental Income is generated by this home. 10.23 % GRI with 2021 Advertised Gross Rental Income of $194,370. There is potential for some additional rental income when all weeks are available to book. 2022 Advertised Gross Rental income is already $156,863, as of 10/4/2021. If you are looking for a beautiful Corolla OceanFront 7 bedroom home with Amazing Ocean Views, Dune Top Deck, your own private Walkway to the beach, extensive Pool Area and Strong Gross Rental Income, then this is the home for you. Call now to schedule a showing!

Additional Information

Air Conditioning
Central, Heat Pump, Zoned
Appliances
2nd Refrigerator, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Construction
Frame, Wood
Siding
Vinyl
Extras
Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Sun Deck
Floor Coverings
Carpet, Tile, Vinyl
Foundation
Piling
Heating
Central, Heat Pump, Zoned
Interior Features
Cathedral Ceiling(s), Dryer Connection, Ensuite, Gas Fireplace, Ice Maker Connection, Washer Connection, Wet Bar
Lot Description
Beach Frontage, Level, Water Frontage
Optional Rooms
Game Room
Parking
Off Street, Paved
Pool
Yes
Possession
At Closing, Subject to Tenancy
Roads
Paved, Private
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Coastal, Reverse Floor Plan
View
Ocean
Well
Municipal
Zip
27927
Neighborhood
Ocean Hill
Lot Dimension
108x345
Year Built
1989
Annual Fee
300
Association Fee
$True
County
Currituck
Annual Rental Income
194370
Rental Co
Carolina Designs
Rental Cottage #
627
Rental Cottage Name
American Waves
Furnishings Available
Yes
Bill of Sale Amt
1
Annual Rental Income$
194370
Rental Performance
0.1092
Yearly Expense Act/Est
Estimated
Yr Electric Expense
7000
Yr Water Expense
2000
Yr Cable TV Expense
4000
Insurance Expenses
$1,485
Flood Expenses
797
Pool/Spa Expense
5000

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Corolla Beach Realty. Selling Office: Southern Shores Realty.

Listed by Sandra LaRue

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