This home has an amazing location right on the corner of the walkway straight to the beach. The home sits back off the road with a volleyball court in front and private pool and hot tub in back. There are three entry ways – a covered door, one from the north side and also from the back of the home. Three of the four bedrooms on the lower level have access to a deck facing east. The top floor master has a private deck as well. Enjoy top floor deck space on the east and west side of the home. Newer carpet and furniture as well as meticulous maintenance by the owner make this a must see.
Beach Realty Statistics Worksheet – History and Current YTD
Statistics provided for years 2010 through 2013 represent the December year-end figures
Rev. – April 8, 2014
Basically this chart shows us that inventory is up, number of sales are down as is the median sales price. While it’s pretty early to get too concerned, it’s definitely something to keep an eye on. In most cycles, being at the “bottom of the market” doesn’t mean we shoot straight up right away. While I still think recovery is on the horizon, it’s not uncommon to have a blip or two along the way. Be prepared for a sluggish year. This is not to say we can’t get homes sold, we just have to be very proactive with our strategy.
Also be aware if you are buying this year, you may see a temporary dip in value. In long term ownership this is nothing to be concerned about.
10 Beautiful Acres with Endless Possibilities in Corolla!
10 glorious and unspoiled acres, spanning from oceanfront to sound in Swan Island Estates. Swan Island Estates is a wonderful community of large lots that lend themselves to premium homes. Enjoy the sunrise over the ocean and breathtaking sunsets over the sound. Create the ultimate vacation rental machine or a stunning 2nd home. With a lot this size, the possibilities are endless. Take advantage of this unbelievable pricing to invest in one of the most unique properties on the Outer Banks.
$575,00 1885 Ocean Pearl Road, Corolla MLS #: 79185
Contact Me About Any of These Properties!
Amazing Location Close to the Beach in Corolla!
This home has an amazing location right on the corner of the walkway straight to the beach. The home sits back off the road with a volleyball court in front and private pool and hot tub in back. There are three entry ways – a covered door,one from the north side and also from the back of the home. Three of the four bedrooms on the lower level have access to a deck facing east. The top floor master has a private deck as well. Enjoy top floor deck space on the east and west side of the home. Newer carpet and furniture as well as meticulous maintenance by the owner make this a must see.
MLS# 82489 $529,000
Easy Access to the Beach in Kill Devil Hills!!
This Kill Devil Hills home has been completely remodeled from top to bottom. The home is currently set up as a 4 bedroom with a lounge off of the master. Could be a 5th bedroom or office. Ground floor LARGE bedroom with den and full bath. Two bedrooms on the mid level, each with a full bathroom attached. One car garage, brand new pool deck, excellent landscaping and views forever. You’ll love the straight shot down Helga Street to the convenient beach access. This is a perfect location for a primary, second or rental home. The top floor is open and flows perfectly with several sitting areas fantastic for entertaining! Enjoy multiple level decking with stairs connecting from top to bottom. The generous pool deck is a perfect place to spend your summer days.
Overall this elegant home will satisfy your waterfront needs and entire Outer Banks experience.
Steps Away from Bulkheaded Canal in Southern Shores!
Excellent opportunity for comfortable one floor living. This solidly built brick home in Southern Shores, was a contractors home. 2 bedrooms share a bath on one end of the home, while the master bedroom, HUGE walk in closet and HUGE master bath with double sinks make up the opposite end. Oversized Master Bath shower with all tile and two shower heads. Extra large kitchen with eat in area, dining room and living room with an extra office AND media/TV area.
The solid brick deck spans the entire back side of the home! Great for cookouts.
Just a few steps away to the bulkheaded canal for all your boating fun.
Tons of parking in addition to the 2 car garage.
Contact me for more details!
New Listing Right in the Heart of Duck!
165 Teresa Court
Duck, NC 27949
MLS# 82580 $449,000
Right in the heart of Duck you’ll find this classic beach home. 5 minute or less walk to the ocean to the East and 10 minute walk to shopping right in the middle of town to the West. Enjoy all that Duck has to offer. This home has a covered entry on the ground level opening to a laundry room to drop all the beach gear. The mid level offers 3 good sized bedrooms and a full bathroom. The top level offers another large bedroom with deck access and a living room, dining area and kitchen. With the covered decks, screened porch and sun decks there’s plenty of outdoor space to enjoy hearing the waves crash from this home. The corner location makes the walk a straight shot down to the beach access.
Tenants love this Outer Banks home
and come back year after year.
There’s a basketball goal and a shuffleboard court.
Come make this beach home yours!
Contact me for more details!
Best Buys for the week of March 10th
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FLOOD INSURANCE UPDATE
A vote is expected this week on a newly revised version of H.R. 3370 – Homeowner Flood Insurance Affordability Act. Please continue making calls this week to other NC House members and ask that they VOTE YES on the bill:
District Name Party Phone
1 Butterfield, G.K. D 202-225-3101
2 Ellmers, Renee R 202-225-4531
3 Jones, Walter B. R 202-225-3415
4 Price, David D 202-225-1784
5 Foxx, Virginia R 202-225-2071
6 Coble, Howard R 202-225-3065
7 McIntyre, Mike D 202-225-2731
8 Hudson, Richard R 202-225-3715
9 Pittenger, Robert R 202-225-1976
10 McHenry, Patrick T. R 202-225-2576
11 Meadows, Mark R 202-225-6401
12 Vacant
13 Holding, George R 202-225-3032
The latest version of the bill can be found here http://docs.house.gov/billsthisweek/20140303/BILLS-113hr3370v2-SUS.pdf
The legislation does the following:
- Reinstates Grandfathering – This bill permanently repeals Section 207 of the Biggert-Waters Act, meaning that grandfathering is reinstated. All post-FIRM properties built to code at the time of construction will have protection from rate spikes due to new mapping – for example, if you built to +2 Base Flood Elevation in an AE zone, you stay at +2, AE zone, regardless of new maps. Also importantly, the grandfathering stays with the property, not the policy.
- Caps Annual Rate Increases at 15% – This bill decreases FEMA’s authority to raise premiums. The bill prevents FEMA from increasing premiums within a single property class beyond a 15 percent average a year, with an individual cap of eighteen percent a year. Pre Biggert-Waters, the class average cap was 10%. Biggert-Waters raised the class average cap to 20%. The bill also requires a 5% minimum annual increase on pre-FIRM primary residence policies that are not at full risk. The updated legislation also states that FEMA shall strive to minimize the number of policies with premium increases that exceed one percent of the total coverage of the policy (e.g., 1% of $250,000 = $2,500).
- Refunds policyholders who purchased pre-FIRM homes after Biggert-Waters (7/6/12) and were subsequently charged higher rates after their 10-1-14 renewal. Permanently Removes the Sales Trigger – This bill removes the policy sales trigger, which allows a purchaser to take advantage of a phase in. The new purchaser is treated the same as the current property owner.
- Allows for Annual Surcharges – This legislation applies an annual surcharge of $25 for primary residences and $250 for second homes and businesses, until subsidized policies reach full risk rates. All revenue from these assessments would be placed in the NFIP reserve fund, which was established to ensure funds are available for meeting the expected future obligations of the NFIP. Funds the Affordability Study and Mandates Completion – This legislation funds the affordability study required by Biggert-Waters and mandates its completion in two years. Includes the Home Improvement Threshold – This bill returns the “substantial improvement threshold” (i.e. renovations and remodeling) to the historic 50% of a structure’s fair market value level. Under Biggert-Waters, premium increases are triggered when the renovation investments meet 30% of the home’s value.
- Additional Policies Included: This legislation includes several other provisions including preserving the basement exception, allowing for payments to be made in monthly installments, and reimbursing policy holders for successful map appeals. It also includes a study of voluntary community-based flood insurance options that would assess options, methods, and strategies for making available voluntary community-based flood insurance policies through the NFIP; gives states authority to regulate private flood insurance; and mandates that regulations and rate tables be published in the National Register and open for comment for not less than 45 days before becoming final.
Information courtesy of the Outer Banks Association of Realtors Legislative Council.
New Listing! 756 Mariner Drive, Corolla, NC 27949
New Listing!
756 Mariner Dr.
Corolla, NC
$424,900
MLS# 82451
This home is so bright and beautifully decorated. You’ll enjoy the short walk to the beach, unobstructed ocean views, ample deck space on both levels, three separate living rooms/dens, wide open kitchen, fireplace, 5 spacious bedrooms and great memories for your family to make.