197 Hicks Bay Lane , Lot 222

    Corolla, NC 27927
    • $3,495,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 106869
    UPDATED: 32 min ago
    $3,495,000
    • 10
      BEDS
    • 0.63
      ACRES
    • 10
      BATHS
    • 3
      1/2 BATHS
    • 6,973
      SQFT
    • $501
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2014
    County:

    School Ratings & Info

    Description

    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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    © 2019 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 Matt Myatt | Keller Williams. Data last updated: 2019-11-15T17:37:41.78.
    www.mattmyatt.com/homes/99709827

    197 Hicks Bay Lane , Lot 222 Corolla, NC 27927

    • Price: $3,495,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 106869
    10
    Beds
    10
    Baths
    3
    ½ Baths
    0.63
    Acres
    6,973
    SQFT
    $501
    $/SQFT
    2014
    Built
    Neighborhood:
    Pine Island PUD
    County:
    Currituck
    Area:
    Corolla Oceanside
    Property Description
    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.
    Exterior Features

    Construction Frame Exterior ShakesWood Extras Beach AccessBoardwalk To BeachCeiling Fan(S)Common Laundry AreaCovered DecksElevatorFenced YardGarage Door OpenerHot TubLandscapedLawn SprinklersOutside LightingOutside ShowerPatioScreened PorchSecurity SystemSmoke Detector(S)Sun DeckInside Laundry Room Foundation Piling Garage Attached2 Car Lot Description Beach FrontageCul-De-SacLevel Parking Paved Pool In GroundConcreteCustomHeated SaltPrivate Pool Pool YN Yes Roads PavedPrivate Roof Asphalt/Fiber Shingle Style Coastal View Description OceanSound Waterfront Location Oceanfront

    Interior Features

    Air Conditioning Central Appliances DishwasherDryerIce MachineMicrowaveRange/OvenRefrigerator W/Ice MakerWasher2Nd Dishwasher2Nd RefrigeratorWine Cooler Bedroom1 Level 3 Bedroom2 Level 3 Bedroom3 Level 3 Bedroom4 Level 2 Bedroom5 Level 2 Bedroom6 Level 2 Bedroom7 Level 2 Bedroom8 Level 3 Counter Tops Granite Dining Room Level 3 Floor Coverings CarpetCeramic TileTileHardwood Furnishings Available YN Yes Game Room Level 1 Heating CentralForced AirGeo-ThermalHot Water Interior Features 9' CeilingsCathedral Ceiling(S)Dryer ConnectionGas ConnectionGas FireplaceMaster BathPantryWasher ConnectionWet Bar Kitchen Level 3 Living Room Level 3 Optional Rooms Breakfast NookFoyerGame RoomLoftPantryUtility RoomHome Theater

    Property Features

    Annual Rental Income 349100 Association Amenities ClubhouseHealth ClubOcean AccessOutdoor-Comm. PoolOutdoor-Off Site Tennis Association Fee Includes ManagementPoolRoad MaintenanceSecurityTennis CourtsWalkways Association Fee YN Yes Bank Owned YN No Builder Wickre Construction Company Estimated Annual Fee 4000 Financing Options CashConventionalJumbo Loan Flood Expenses 0 Flood Zone X Insurance Expenses 19072 Pool Spa Expense 5000 Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Sea Pearl Rental Performance 0.0999 Residential Type Single Family - Detached Sewer Septic Community Septic Tax Year 2019 Taxes 13037 Water Municipal Yearly Cable Tv Expense 3000 Yearly Electric Expense 6000 Yearly Telephone Expense 300 Yearly Water Expense 2000 Zoning Res

    Listing courtesy of Ray Meiggs of Twiddy & Company - Corolla.


    © 2019 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 Matt Myatt | Keller Williams. Data last updated: 2019-11-15T17:37:41.78.
     
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    5595 N. Croatan Highway
    Southern Shores NC, 27949