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 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.

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
6973
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
42
Listing Agent
Ray Meiggs
Listing Office
Twiddy & Company - Corolla

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