705 S Virginia Dare Trail, Kill Devil Hills, NC 27948

$3,800,000
10
BD
12
BA
6,232
SqFt
List Price
$3,800,000
MLS#
123419
Status
ACTIVE
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
10
Bathrooms
12
Full-baths
10
Half-baths
2
Living Area
6,232

Property Description

It doesn’t get any better than this “LIVING THE DREAM” at this beautiful & luxurious well-appointed 10 master bedroom oceanfront estate. ONLY the best amenities provided. Dune top gazebo with lighted beach boardwalk, (enjoy stunning sunrises and breath-taking ocean views), outdoor cabana, hot tub and heated pool. ELEVATOR, state of the art cinema movie theatre, top level open floor plan seamlessly blends the living room, dining and kitchen areas perfect for entertaining. Gourmet kitchen, recreation/game room offering what guests like best, pool table, foosball, big screen smart tv, equipped kitchenette/bar and more! The home has 14 Smart TV's as well as 1GB Spectrum Internet service, WiFi 6 mesh network. CALL your investors, stellar rental income for past 12 years with a rate increase for 2024. Owner estimated income for 2024 $405,980! Owner’s top priority is excellence maintenance of this beautiful home, special attention to every detail! Over $178,000 invested in improvements since 2020: (3 new heat pumps, Pool resurfaced, new hot tub, New LTV flooring in 11 rooms, New smart TVs throughout, 2 Bosch dishwashers, hot water tank, new indoor and outdoor furniture with exquisite decor, new seating for theatre room..much more (see list provided in associated documents) Arabella has its own website which will be conveyed to new owner. *Saving benefits to owner. Energy Sentry system installed 2018 to qualify for Schedule 1-P Residential power rates; Dominion estimated 13.3% cost savings over first 4 years operations. Our guests’ comments put it best “The home was wonderful with everything we could possibly need …we had a perfect vacation”. “Beach was perfect, no crowds because there was no public beach access nearby Elevator was awesome”

Additional Information

Air Conditioning
Central, Heat Pump
Appliances
Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
Construction
Frame
Countertops
Granite
Siding
Lap Siding, Cement Fiber Board
Extras
Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Gazebo, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower, Smoke Detector(s), Sun Deck
Floor Coverings
Carpet, Ceramic Tile, Hardwood
Foundation
Piling, Slab
Garage
None
Heating
Central, Heat Pump
Interior Features
9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Washer Connection
Lot Description
Beach Frontage, Level, Water Frontage
Optional Rooms
Game Room, Home Theater
Pool
Yes
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle, Metal
Style
Coastal
View
Ocean, Park Serv/Preserve
Well
Municipal
Zip
27948
Year Built
2005
County
Dare
Annual Rental Income
422960
Rental Co
Carolina Designs
Furnishings Available
Yes
Bill of Sale in $
Yes
Bill of Sale Amt
1
Annual Rental Income$
422960
Rental Performance
0.11130000000000001
Yr Electric Expense
5445
Yr Water Expense
2260
Yr Cable TV Expense
4125
Insurance Expenses
$15,153
Flood Expenses
3447
Pool/Spa Expense
5978

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Beach Realty & Construction- Corolla.

Listed by Joanne Kepler

Copyright 2023 Outer Banks Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.

Real estate listing held by brokerage firms other than Real Estate Company are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.