Property Images: 
MLS# 114185: $56,126 YTD/Private Pool
Asking Price: 
534,500
Bedrooms: 
4
Subdivision: 
TCC-Magnolia Bay
Bathrooms: 
3
Unit/Lot #: 
Lot#43
Half Baths: 
1
537 Magnolia Way Corolla, NC 27927
Lot#43
Waterfront: 
None
Area: 
Corolla

Information

This 4 bedroom (2 are masters) 3.5 bath home is located in the low maintenance community of Magnolia Bay within The Currituck Club. In an X Flood Zone (no flood insurance required) and just a short walk to the beautiful Corolla Beaches, the community pool and tennis courts. This one-owner RENTAL MACHINE currently has $51,126 for 2021 and generated $46,733 in rental income in 2020. Enjoy the light and airy reverse floor living with an open concept and functional layout.

The top level features a great room with plenty of gathering spaces, a cathedral ceiling, gas fireplace, a spacious kitchen with ample counter space, eat-in bar, a brand new dishwasher, a large pantry, generous decks on the east and west side, a powder bath, and a master suite with a private bath. The east deck overlooks the private pool and common space that will never be obstructed. A perfect place to sip morning coffee or evening cocktails. The west deck is covered and is ideal for those rainy or hot summer afternoons.

The enormous master bedroom has high ceilings, a private deck access, walk-in closet, and bath with double vanity, jet tub, separate shower, and water closet. The lower level includes a large two-story front entry, 3 bedrooms, one is a 2nd master suite with private deck access and a shared full bath, washer/dryer, and a 1 car garage that currently has a ping pong table perfect for rainy days, or game night after a family dinner. Recent improvements include; 2020: recent pool resurface, top level deck, pool fence, hot tub, and new HVAC for the upper level; 2018: HVAC for the lower level installed. 2021: some new outdoor furniture from Carolina Casuals 2021, new dishwasher 4/21. Magnolia Bay is located at the south end of the The Currituck Club, just a short walk or golf cart ride to the community beach access.

Landscaping and yard maintenance are included in the Association Dues. So Just sit back, relax and enjoy your family, the beach and/or golf. If you would like to take the trolley to the beach during the in-season, the trolley stop is just steps from your home. The Currituck Club is one of the few gated communities in Corolla and offers exclusivity and an extra element of security.

Additionally, it's is a prestigious neighborhood in Corolla and it is home to the Premier Reese Jones18 hole Championship Golf Course with gorgeous landscaping and lots of amenities such as: Fitness Center, Pro Shop, full service Grill, 5 community pools, 7 Tennis Courts, Basketball Courts, Volley Ball, Shuffleboard, Playground, Gated Community, lighted Pedestrian walkways & Bike paths, plus In-Season Shuttle to the 4th Top ranked Beach in the US, voted by Huffington Post. If you are looking for a a home with great rental income, in a quite gorgeous community and with short walk to the beach, then this is the home for you.

Area
Corolla Westside
Subdivision
TCC-Magnolia Bay
Unit/Lot#
Lot#43
Lot Description
Adj. To Common Area,Cul-de-sac,Level
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Has Pool
Yes
Pool Description
Private Pool
Association Pool
Foundation
Piling
Slab
Roads
Paved
Private
Appliances
Dishwasher
Dryer
Microwave
Range/Oven
Refrigerator
Washer
Heating
Central
Heat Pump
Heated Living Area SqFt
2379
Air Conditioning
Central
Heat Pump
Water
Municipal
Sewer/Septic
Private Sewer
Interior Features
All Window Treatments
Dryer Connection
Gas Connection
Gas Fireplace
Master Bath (Ensuite)
Pantry
Washer Connection
1st Flr Master (Ensuite)
Extras
Ceiling Fan(s)
Hot Tub
Smoke Detector(s)
Taxes
$2104.18
Association Amenities
Clubhouse
Gated Community
Golf Course
Health Club
Ocean Access
Outdoor-Comm. Pool
Outdoor-Comm. Tennis
Playground
Association Fee Included?
Yes
Association Fee Includes
Grounds Maintenance
Road Maintenance
Style
Reverse Floor Plan
Coastal
Construction
Frame
Wood
Exterior
Cement Fiber Board
Garage
1 Car
Attached
Parking
Paved
Year Built
1997
Days On Market
3
Listing Agent
Heather Vandermyde
Listing Office
Coldwell Banker Seaside Realty - KDH

Request More Information

Stephanie Blosser
Associate Broker
Office:252-457-1950

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