• 93 days on site
  • 42 views

Oceanfront luxury with a strong ROI! With an opportunity of over $380,000 in gross rental revenues, this property is an investor's dream! Indulge in coastal luxury living with this expansive 12-bedroom, oceanfront estate on Carova Beach. Extravagant views, attention to detail and an exceptionally strong rental history are just a few of the reasons that 'The Big Chill' is the one for YOU!  From the moment you walk through the front door, you will feel the quality of construction and the meticulous thought put into every detail of this beautifully designed home.  The first level features 3 ensuite bedrooms (2 king rooms and 1 with dual queens), a large recreation room with a wet bar, full-size ice maker, refrigerator/freezer, dishwasher, microwave, professional-size pool table, shuffleboard table and half bath. The custom-themed theater room, inspired by The Big Chill, offers a unique cinematic experience.  Level two is comprised of 7 bedrooms featuring 5 king ensuites, 4 with deck access, and 2 bedrooms with 2 double bunk sets. This level also offers a convenient laundry, large patio, and a scenic walkway to the expansive tiki bar deck, providing breathtaking views of the pool, deck, and shore break.  Ascending to the top level, a half bath on the landing precedes an open layout with oversized windows framing the Atlantic Ocean that can be enjoyed from the kitchen, living, and dining spaces. The chef's kitchen boasts a substantial island, two dishwashers, six-burner gas cooktop, pot filler, dual refrigerators and ovens, two pantries and a breakfast nook. The grandeur extends to a lavish dining room complete with a wet bar and wine fridge, a great room with a gas fireplace, and two king ensuite bedrooms with deck access.  Meticulously maintained, this estate features personal touches to include custom baths, expansive composite decks, sweeping outdoor spaces, a new hot tub, 16x36 heated concrete pool, spacious patio, tiki bar, and dune deck.  A state-of-the-art sound system, garage, top-of-the-line water system, and four quick-recovery water heaters are just a few more details to note.  With a consistent track record of robust annual rental performance, it's not just a scenic beauty but a reliable investment.  The Big Chill is a must-see, offering an unparalleled oceanfront investment opportunity.

Listed by:

SAGA Realty and Construction

Source: Outer Banks MLS, MLS#: 124295

  • Property Type
    Residential
  • Lot
    0.64 Acres
  • Price / Sq Ft
    $673

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Holly Fisher
  • Median Age
    60
  • Population Density
    16
  • College Educated
    54%
  • Estimated Median Monthly Income
    $65,000
  • Estimated Total Home Owners
    457
  • Estimated Total Renters
    91
  • Owner / Renter Divide
    83% / 17%
  • Estimated Average Household Size
    2
  • Total Population
    1,132
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

History

Date Event Value Agent
3/15/2024Source: Outer Banks MLS Price Reduction
$3,795,000 -10.7%
1/10/2024Source: Outer Banks MLS Added to Database
January 10, 2024