405 Great Gap Point #lot 96, Corolla


MLS#: 111522 Property Type: Residential Address: 405 Great Gap Point #lot 96 City / Zip: Corolla, NC 27927 Area: Corolla Oceanside County: Currituck Neighborhood: Pine Island Pud Bedrooms: 9 Bathrooms: 10 1/2 Bathrooms: 1 Heated Sq Ft: 5,400 Year Built: 1997 Zoning: Res Date Listed: 10/18/2020 Status: Under Contract

Agent's Comments

Meticulously maintained, 9 bedroom home with $262k in rents in 2020. 9 master bedrooms, with 4 having ocean views. The owner set the house up to rent for a long time with no problems. With the new range, ovens, new tankless water heaters, new pool heaters/filters/fence/tiki bar, dune walkway, new hot tub, fresh exterior paint job, 1.5yr old hvac, and a lot more(see list of cap improvements.) 10.5 Newly updated bathrooms. flooring, furniture, granite counters in outside tiki bar. Mid level kitchen, several sitting areas, elevator, poolside tiki bar, gigantic game room, kitchenette, two laundry rooms. Two chargers for your electric cars. New tankless water heaters. Functional floorplan that doesn't have the kitchen on the top floor. House cashflows positive $4,830/month. The new owners will have nothing to worry about for years. I don’t know if any active or sold comps that have the buyer set up to just take in rental income and not have immediate maintenance to worry about.

*Listing provided courtesy of the Outer Banks Realty Group.
Interior Features
  • Air Conditioning: Heat Pump
  • Appliances: 2nd Dishwasher, 2nd Refrigerator, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Wall Oven
  • Countertops: Granite
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Covered Decks, Elevator, Hot Tub, Landscaped, Outside Shower, Dry Entry
  • Floor Covering: Carpet, Ceramic Tile, Hardwood, Tile
  • Furnishings Available: Yes
  • Heating: Heat Pump
  • Interior Features: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Master Bath, Walk in Closet
  • Optional Rooms: Game Room, Loft
  • Water: Municipal
External Features
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Exterior: Cement Fiber Board
  • Foundation: Slab
  • Lot Description: Beach Frontage
  • Parking: Off Street
  • Pool: Yes
  • Pool: In Ground, Private Pool
  • Rool Type: Private
  • Roads: Paved, Private
  • Roof: Asphalt/Fiber Shingle
  • Sewer/Septic: Private Sewer
  • Style: Contemporary
  • Waterfront Location: Oceanfront
Additional Features
  • Associated Document Count: 7
  • Contruction: Frame, Wood
  • County: Currituck
  • Deed Book: 466
  • Deed Book Pg: 357
  • Disclaimer: Rental Income estimates vary from firm to firm and may include money that does not go to the owner, such as cleaning fees, administrative charges or services. Buyers are encouraged to investigate how rates, fees, commissions, regulations and policies apply to specific properties before expiration of the due diligence period. It is the buyer's responsibility to determine and execute a rental management contract that best suits their needs. VRBO, Air BnB and similar rent by owner websites are handled differently. Consult legal counsel regarding rental disbursement. Additionally, the Buyer is ad
  • Ownership: Owned More than 12 Months
  • Rental Company: Carolina Designs
  • Rental Cottage Number: 742
  • Status Date: 2020-12-30
  • Property Sub Type: Single Family Residence
  • View Description: Ocean
  • Year Built: 1997
  • Zoning: Res
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Listings provided courtesy of Outer Banks Realty Group and the MLS of the Outer Banks Association of Realtors®, Inc.

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