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Currituck
1071 Lighthouse Drive #LOT3
$3,380,140*
House - Off Market

1071 Lighthouse Drive #LOT3

Corolla, NC 27927
bedrooms
9 Beds
bathrooms
10 Baths, 2 Half Baths
square feet
6430 Sqft
$2,813,000 - $3,437,000
Reference Base Price*
8.16%
Since Feb 1, 2022
National-US
Primary Model
Sold Mar 16, 2022
$6,140,000
$2,456,000 by Townebank Mortgage
Mortgage Due Apr 01, 2052
Sold Apr 02, 2019
$2,050,000
$1,640,000 by Us Bank Na
Mortgage Due Apr 01, 2049

About This Property

Great New Price, Great Location, and Investment Return! Incredible oceanfront setting and SOLID NUMBERS! Enjoy the casual coastal feel of this lovely nine bedroom home set on a beautiful, oversized oceanfront homesite with a large protective dune at the northern end of popular Whalehead Beach! Easy walk to Corolla Lighthouse and the historic Whalehead Club and all the fun activities, shops and restaurants. Stellar rental income makes this a great investment and an enjoyable retreat! Over $277,000 in 2021 and projected to hit almost $300K in 2022. Thoughtfully designed and custom built, this spacious family home will comfortably accommodate large or small gatherings and offers many desirable amenities for your relaxed enjoyment. Large picture windows on the top floor living area showcase the beautiful Atlantic Ocean and fill the home with natural light. Watch the surf roll in and the dolphins play. Vaulted ceilings, custom woodwork and a gas fireplace enhance the generous open living room. An elevated ships watch is a great place to capture the gorgeous Corolla sunsets and challenge your mate to a lively game of chess. Lovely granite counters highlight the gourmet chefs kitchen that has lots of work space, a six burner gas range, dual ovens and dishwashers. The center island houses a wine cooler and ice maker and provides additional seating. You may find the adjacent sunroom, with high, tongue and groove wood ceilings and lots of windows to be a favorite cozy spot to enjoy a book or morning coffee. Wake to ocean views in the top level master suite that has a gas fireplace and luxurious bath with a large walk in tiled shower. On the mid level you will find the welcoming main entry hall opens into a generously sized den, providing a comfortable space to enjoy your family's company. Large sliders open to the mid level oceanfront covered deck where you can hide away in quiet. One of the four spacious master suites on this floor is a family suite with a king master and a private nursery. This additional room could also work as an attached office suite or an exercise room. Another master suite is handicap friendly with wide doorways and a roll in shower. Play pool or foosballl with friends in the large ground level recreation room. There is a comfortable seating area and kitchenette, which is convenient to the outdoor pool area. Four large bedrooms and a nice ground level entry complete this level, and an elevator makes for easy access to all three levels. Throughout the home you will notice the custom woodwork, 6 panel solid wood doors, and easy care tiled flooring. Outdoors you'll enjoy the beautiful landscaping, a lush front lawn perfect for lawn games, and Oceanside sun decks that run the length of the home and provide plenty of room to enjoy the sun and ocean breeze. The 14x30 heated pool and hot tub kick off the back yard and a lighted private walkway takes you to the dune top gazebo, where you can enjoy a beach front seat in the shade!

The manager has listed the unit size as 6430 square feet.
Unit Size
6,430Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$486
Property Type
House
Property Taxes
$945
HOA Dues
-
Year Built
2006

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold to Nancy A Oneill, William Cla... $6,140,000
Sold to Nancy A Oneill, William Cla...
Jan 12, 2022 No longer available -
No longer available
Dec 3, 2021 Price Decreased $3,125,000
↓ $64K (2%)
Price Decreased
Oct 27, 2021 Relisted $3,189,000
Relisted
Sep 7, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 8
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Building Condition: Average
  • Building Quality: A-
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Other
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 35,022
  • Lot Size Depth Feet: 350
  • Lot Size Frontage Feet: 100
  • Total Building Area: 6,234
  • Building Area: 6,234
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,234
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WHALEHEAD CLUB
  • Land Acres: 0.804
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 3 SECT 4 WHALEHEAD CLUB

Ownership

  • Current Owner : ONEILL WILLIAM CLARK
  • Current Owner 2: ONEILL NANCY A
  • Previous Owner : STO MOHAN M NADKARNI ARID ANDREA D TRIBA
  • Owner Before Previous Owner: DORR KELLY LEO KEVIN
  • Owner Before Previous Owner 2: DORR KELLY MICHELLE
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Currituck County Schools
  • Census Tract: 110101

Zoning

  • Zoning: SFO

Geography

  • Assessors Map Reference: 115A
  • Account Number: 000163325
  • District: 11
  • Section: 4
  • Parcel: 115A00000030004
  • Lot: 3
  • Municipality: POPLAR BRANCH BCH
  • Latitude: 36.3656
  • Longitude: -75.8215

    Address

  • Full Address: 1071 Lighthouse Dr
  • Address - House Number: 1071
  • Address - Street Name: Lighthouse
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Corolla
  • Zip Code: 27927

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,562
  • Tax Rate Code Area: POPLAR BRA

    Appraisal Valuation

  • Standard Deviation: 0.2585
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 6,675,486
  • High Value: 8,401,644
  • Low Value: 4,949,328

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,456,000
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 16, 2022
  • First Open Lien Mortgage Loan Amount: $2,456,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $2,010,100
  • Market Land Value: $1,094,800
  • Market Improvement Value: $915,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,010,100
  • Assessed Land Value: $1,094,800
  • Assessed Improvements Value: $915,300

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Transaction ID: 11882665939
  • Current Sale Price: $6,140,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 374261
  • Previous Sale Recording Date: Apr 02, 2019
  • Previous Sale Contract Date: Apr 01, 2019
  • Previous Sale Amount: $2,050,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: Mar 16, 2022
  • First Mortgage Loan Amount: $2,456,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Apr 02, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,640,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Apr 01, 2049



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Currituck


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Frequently Asked Questions

When was property at 1071 Lighthouse Drive built and last sold?
The property at 1071 Lighthouse Drive was built in 2006 and last sold on Mar 11, 2022 for $6,140,000.
How much is this home worth?
The estimated value of the home located at 1071 Lighthouse Drive is $3,156,250.
What are some comparable homes to 1071 Lighthouse Drive?
There are currently no comparable homes to 1071 Lighthouse Drive.

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