Property Images: 
MLS# 106869: 10% ROI, Pristine Oceanfront!
Asking Price: 
3,495,000
Bedrooms: 
10
Subdivision: 
Pine Island Pud
Bathrooms: 
10
Unit/Lot #: 
Lot 222
Half Baths: 
3
197 Hicks Bay Lane Corolla, NC 27927
Lot 222
Waterfront: 
Oceanfront
Area: 
Corolla

Information

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.

Area
Corolla Oceanside
Subdivision
Pine Island Pud
Unit/Lot#
Lot 222
Waterfront
Oceanfront
Waterfront Location
Oceanfront
Lot Description
Beach Frontage,Cul-de-sac,Level
Lot SqFt
27443
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Has Pool
Yes
Pool Description
In Ground
Concrete
Custom
Heated Salt
Private Pool
Foundation
Piling
Roads
Paved
Private
Appliances
Dishwasher
Dryer
Ice Machine
Microwave
Range/Oven
Refrigerator w/Ice Maker
Washer
2nd Dishwasher
2nd Refrigerator
Wine Cooler
Heating
Central
Forced Air
Geo-Thermal
Hot Water
Heated Living Area SqFt
6631
Air Conditioning
Central
Water
Municipal
Sewer/Septic
Community Septic
View Description:
Ocean
Sound
Interior Features
9' Ceilings
Cathedral Ceiling(s)
Dryer Connection
Gas Connection
Gas Fireplace
Master Bath
Pantry
Washer Connection
Wet Bar
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
Screened Porch
Security System
Smoke Detector(s)
Sun Deck
Inside Laundry Room
Optional Rooms
Breakfast Nook
Foyer
Game Room
Loft
Pantry
Utility Room
Home Theater
Taxes
$13037
Association Amenities
Clubhouse
Health Club
Ocean Access
Outdoor-Comm. Pool
Outdoor-Off Site Tennis
Association Fee Included?
Yes
Association Fee Includes
Management
Pool
Road Maintenance
Security
Tennis Courts
Walkways
Style
Coastal
Construction
Frame
Exterior
Shakes
Wood
Garage
Attached
2 Car
Parking
Paved
Builder
Wickre Construction Company
Year Built
2014
Days On Market
8
Listing Agent
Ray Meiggs
Listing Office
Twiddy & Company - Corolla

Request More Information

John Register
Senior Associate Broker
Office: 877-935-0224

Real Estate Sales Newsletter

Sign up for our Real Estate Newsletter today!