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Listing Details

787 Broad Street, Corolla

$685,000 2%
  • Agent Remarks: POSITIVE CASH FLOW & TWO HOMES IN ONE! 12.5% ROI! Over $86,000 in annual rental income on the books for 2020! 787 Broad Street is a luxury style home located in the prestigious gated community of Buck Island in Corolla, NC. Immaculate, modern and completely updated on both sides, this home offers the perfect opportunity to own a second home and a vacation rental all in one. Rent one side and use one side for your own personal enjoyment! Each side features 4 bedrooms and 3 ½ bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and décor are absolutely stunning throughout the entire home and shows the care and hard work the current owners have put into this beautiful property. Both sides have had several updates and improvements done; cork flooring, bamboo flooring, NEW carpet and modern tile flooring throughout, granite counters in both kitchens and in all bathrooms, all stainless steel appliances (contact agent for full list) making this home a true, turn-key gem! New Trex type decking material installed on front steps for both units this spring. Each side earns approximately $43K in annual gross rental income making this an incredible investment opportunity! Conveniently located within walking distance to the beach, dining, shopping and entertainment in Corolla as well as all of the community amenities that Buck Island has to offer: community pool, tennis and basketball courts, playground and beach cabana service. Beautifully landscaped with great curb appeal, this home is an EXCELLENT INVESTMENT OPPORTUNITY and is in EXCELLENT CONDITION! Reserve peak summer weeks on one side for yourself and still be able to generate rental income from the other side. Buck Island is a golf cart friendly community, use the garage space on either side to store yours! To view the 3D tour of the B side copy and paste this address in your browser: https://my.matterport.com/show/?m=YCNU1oSsi1d – To view the 3D tour of the A side copy and paste this address in your browser: https://my.matterport.com/show/?m=nRP7NQ9vJsd

Property Details

  • MLS #: 107746
  • Area: Corolla Oceanside
  • Year Built: 1998
  • Listing Date: 2020-01-06
  • Waterfront Location: More than 5th row
  • Subdivision: BI-Buck Island
  • Full Subdivision Name: Buck Island – Charleston Place
  • PropertyType: Single Family – Detached

Interior Features

  • Bedrooms: 8
  • Bathrooms: 6
  • Partial Baths: 2
  • Heated Square Footage: 4975
  • Interior Features: 9′ Ceilings,All Window Treatments,Cathedral Ceiling(s),Cedar Closet(s),Gas Connection,Gas Fireplace,Master Bath,Pantry,Walk in Closet
  • Countertops: Granite
  • Air Conditioning: Central,Heat Pump,Zoned
  • Heating: Central,Heat Pump,Zoned
  • Appliances: Dishwasher,Disposal,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Stackable Washer/Dryer,Washer
  • Floor Coverings: Carpet,Cork,Tile,Wood
  • Optional Rooms: Game Room
  • Furnishings Available YN: Yes
  • Annual Rental Income Dollars: 86920

Exterior Features

  • Extra Features: Ceiling Fan(s), Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Inside Laundry Room
  • Directions: From Hwy 12 North, head east on Orions Way. Once through the entry gate, take a left onto Broad Street. The house is the second house on the right.
  • Taxes: 4204
  • Tax Year: 2019
  • Estimated Annual Fee: 6572
  • Water: Municipal
  • Roads: Paved,Private
  • Parking: Off Street,Parking Lot,Paved
  • Pool: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Style: Contemporary,Reverse Floor Plan
  • Construction: Frame,Wood
  • Exterior: Cement Fiber Board
  • Sewer Septic: Municipal Sewer
  • Lot Description: Level
  • Foundation: Piling,Slab
  • Association Amenities: Common Area,Gated Community,Ocean Access,Outdoor-Comm. Pool,Outdoor-Comm. Tennis,Playground
  • Association Fee Includes: Common Electric,Common Insurance,Grounds Maintenance,Management,Road Maintenance,Security,Tennis Courts
  • County: Currituck
  • Builder: BD&A

Financial Information

  • Price: $685,000
  • Listing Office 1 Name: Outer Banks Realty Group
  • Listing Agent 1: Mandy Robinson

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Ariel photograph of Nags Head looking south along Highway 12 on the Outer Banks.

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