$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 performer, this exquisite custom-designed oceanfront home with breathtaking views of the ocean and sound, Sea Pearl exudes quality the moment you step over the threshold of its beautiful mahogany front entry. Almost as stunning as the views offered by Mother Nature is the home's interior. Replete with first-rate finishes and furnishings including gorgeous Santos Mahogany flooring, the elegance of the home is perfectly balanced with an upscale coastal theme to provide a relaxing experience for guests. A whole-house SONOS system sets the mood both inside and out. And if you need more than music to catch your attention, there are 13 SMART-TVs throughout the house. Every bedroom offers extraordinary unobstructed views of either the Atlantic Ocean or the Currituck Sound. Another nod to quality, beautiful IPE decks embrace the home's exterior and a spacious screened porch all beckon you outside to experience an exceptional setting nestled on this narrow strip of sand between the Audubon Nature Preserve and the Atlantic Ocean. On level 3, the great room offers panoramic views of the Atlantic warmed by a lovely fireplace for those chilly spring and fall evenings. The large open floor-plan includes an oceanfront dining room resplendent with a custom chandelier mirroring treasures of the sea. In addition, a well-appointed kitchen complete with 2 refrigerator/freezers, 2 dishwashers, a wine chiller, and a gourmet chef stove is paired with a lovely vaulted breakfast room offering breathtaking views of the sound and the Preserve. Level three is capped with a westward loft with its own deck from which to enjoy marvelous sunsets over the Nature Preserve. The spectacular and unparalleled living area guarantees an extraordinary experience for family gatherings over meals or just relaxing together. Level 3 also includes three (3) en suite King masters, all with custom tile baths, the two oceanfront rooms share a private deck. Level 2 features an expansive oceanfront game room with a wet bar and fireplace. All seven (7) bedrooms are en suite masters - 5 Kings, 1 Queen, and 1 Bunk/Duo. Three oceanfront and two sound-front bedrooms open onto the expansive exterior decks. Level 1 is where the fun truly begins. There is a spacious recreation room with something for the entire family starting with a 15-seat state of the art home theater complete with a Kaleidescape streaming movie library. Also included in the rec room and level 1 is air hockey, ping pong, game table for 6, wet bar with seating for 5, refrigerator, commercial ice-maker, the second laundry area, a two-car garage, and two massive storage areas. From there, a sparkling oceanfront 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, it 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
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
Parking Paved
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

Property Schools

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Property vs Zip Code Avg (27927)

Price 3.49M Avg 874K

Sqr Feet 6,631 Avg 3,291

Cost / Sqr Ft $527 Avg $266

Taxes $13,037 Avg $4,360

Acres 0.63 Avg 0.21

Visits 52 Avg 179

Days on Site 16 Avg 205

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

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Location & Address

Waterfront Properties OBX
P.O. Box 2059
Kitty Hawk, NC