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118 N Baum Trail , Lot 2

Duck, NC 27949
  • $12,000,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 124212
$12,000,000
  • 12
    BEDS
  • 1.01
    ACRES
  • 12
    BATHS
  • 3
    1/2 BATHS
  • 9,651
    SQFT
  • $1,243
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2018
County:

School Ratings & Info

Description

Nestled in Duck, NC within the secluded community of Palmers Island on North Carolina's Outer Banks stands Palmers Panorama, an architectural masterpiece that redefines coastal luxury living. Honored with the esteemed 2018 OBX Parade of Homes Judges Award of Excellence and the Peoples Choice accolades, this sprawling estate spans nearly 10,000 square feet across an expansive oceanfront acre. Crafted by Mancuso Construction in 2018, Palmers Panorama stands as a pioneering masterpiece in architectural design, offering breathtaking panoramic vistas of both the ocean and sound from every level. This opulent estate boasts 12 luxurious ensuite bedrooms, most accompanied by private decks, and three exquisitely designed living areas. Outdoor entertainment features include a 24 x 50 heated pool with a 15'x15' tanning ledge, cabana, showers, and bathroom, along with two inviting hot tubs. The pool has a new 250,000 BTU LP gas heater that makes chilly water warm up fast! A covered recreation area provides amenities like mini-golf, basketball, ping-pong, shuffleboard, and a host of games and toys for children and adults alike. (See the associated documents.) Notwithstanding its luxurious amenities, the remarkable location of Palmers Panorama makes it truly extraordinary. The setting within Palmers Island offers thrilling sunrises over the ocean and magnificent sunsets across the Currituck Sound in the midst of unparalleled natural beauty. A private boat dock and ramp on the Currituck Sound offers private access to boating, kayaking and fishing. Nearby, the Sanderling Racquet & Swim Club, Pine Island Racquet Club, Sanderling Resort, and Currituck Club Golf Course offer indoor tennis, Spa, indoor pool and fitness clubs, exclusive restaurants, and premier golf respectively. Relish a sunset stroll along the sound to the areas only 4 Diamond-rated restaurant, Kimballs Kitchen, to enjoy exquisite culinary experiences on the soundfront within the Sanderling Resort. Moreover, the property's proximity to the DONAL C. O'BRIEN, Jr. AUDUBON SANCTUARY in Corolla is a highlight of its unique location. Just steps away from this lavish retreat lies this pristine expanse, preserving 2,600 ACRES of protected marsh, upland maritime forest, and sandy beaches. The Sanctuary provides respite for migratory birds and wildlife, away from human disturbance. Visitors can revel in the untouched beauty of the Sanctuary through kayak tours, public programs, and nature trails, offering a serene and captivating experience adjacent to the luxurious realm of Palmer's Panorama. In addition to its natural splendor, Palmers Panorama presents an extraordinary investment opportunity as a vacation rental property. Its proximity to major urban hubs like Northern Virginia (NVA), Washington D.C., Philadelphia, and even Manhattan makes it an ideal getaway for urban dwellers seeking fresh ocean breezes by the coast. With its luxurious amenities, pristine surroundings, and convenient location, it has proven potential to generate substantial ANNUAL RENTAL INCOME approaching $750,000. For a comprehensive understanding of Palmer's Panorama's investment potential and a detailed breakdown of its rental income history and projections, we highly recommend reviewing the associated documents outlining the property's earnings. These documents contain valuable insights into the substantial revenue-generating capability of this remarkable estate. Palmers Panorama offers not only an exceptional estate but a gateway to both an unforgettable coastal experience and a profitable investment opportunity, combining luxury living, breathtaking natural surroundings, and promising rental potential.

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© 2024 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corolla Real Estate. Data last updated: 2024-03-01T23:37:36.27.
www.corollarealestate.com/homes/146257600
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118 N Baum Trail , Lot 2 Duck, NC 27949

  • Price: $12,000,000
  • Status: Active
  • On Site: 64 Days
  • MLS #: 124212
12
Beds
12
Baths
3
½ Baths
1.01
Acres
9,651
SQFT
$1,243
$/SQFT
2018
Built
Neighborhood:
Palmer's Island
County:
Dare
Area:
Duck Oceanside
Property Description
Nestled in Duck, NC within the secluded community of Palmers Island on North Carolina's Outer Banks stands Palmers Panorama, an architectural masterpiece that redefines coastal luxury living. Honored with the esteemed 2018 OBX Parade of Homes Judges Award of Excellence and the Peoples Choice accolades, this sprawling estate spans nearly 10,000 square feet across an expansive oceanfront acre. Crafted by Mancuso Construction in 2018, Palmers Panorama stands as a pioneering masterpiece in architectural design, offering breathtaking panoramic vistas of both the ocean and sound from every level. This opulent estate boasts 12 luxurious ensuite bedrooms, most accompanied by private decks, and three exquisitely designed living areas. Outdoor entertainment features include a 24 x 50 heated pool with a 15'x15' tanning ledge, cabana, showers, and bathroom, along with two inviting hot tubs. The pool has a new 250,000 BTU LP gas heater that makes chilly water warm up fast! A covered recreation area provides amenities like mini-golf, basketball, ping-pong, shuffleboard, and a host of games and toys for children and adults alike. (See the associated documents.) Notwithstanding its luxurious amenities, the remarkable location of Palmers Panorama makes it truly extraordinary. The setting within Palmers Island offers thrilling sunrises over the ocean and magnificent sunsets across the Currituck Sound in the midst of unparalleled natural beauty. A private boat dock and ramp on the Currituck Sound offers private access to boating, kayaking and fishing. Nearby, the Sanderling Racquet & Swim Club, Pine Island Racquet Club, Sanderling Resort, and Currituck Club Golf Course offer indoor tennis, Spa, indoor pool and fitness clubs, exclusive restaurants, and premier golf respectively. Relish a sunset stroll along the sound to the areas only 4 Diamond-rated restaurant, Kimballs Kitchen, to enjoy exquisite culinary experiences on the soundfront within the Sanderling Resort. Moreover, the property's proximity to the DONAL C. O'BRIEN, Jr. AUDUBON SANCTUARY in Corolla is a highlight of its unique location. Just steps away from this lavish retreat lies this pristine expanse, preserving 2,600 ACRES of protected marsh, upland maritime forest, and sandy beaches. The Sanctuary provides respite for migratory birds and wildlife, away from human disturbance. Visitors can revel in the untouched beauty of the Sanctuary through kayak tours, public programs, and nature trails, offering a serene and captivating experience adjacent to the luxurious realm of Palmer's Panorama. In addition to its natural splendor, Palmers Panorama presents an extraordinary investment opportunity as a vacation rental property. Its proximity to major urban hubs like Northern Virginia (NVA), Washington D.C., Philadelphia, and even Manhattan makes it an ideal getaway for urban dwellers seeking fresh ocean breezes by the coast. With its luxurious amenities, pristine surroundings, and convenient location, it has proven potential to generate substantial ANNUAL RENTAL INCOME approaching $750,000. For a comprehensive understanding of Palmer's Panorama's investment potential and a detailed breakdown of its rental income history and projections, we highly recommend reviewing the associated documents outlining the property's earnings. These documents contain valuable insights into the substantial revenue-generating capability of this remarkable estate. Palmers Panorama offers not only an exceptional estate but a gateway to both an unforgettable coastal experience and a profitable investment opportunity, combining luxury living, breathtaking natural surroundings, and promising rental potential.
Exterior Features

Construction Frame Exterior Shakes Extras Boardwalk to BeachCabanaCeiling Fan(s)ElevatorHot TubLandscapedOutside ShowerSun DeckTiki BarDry EntryInside Laundry Room Foundation Piling Garage Carport Lot Description Beach Frontage Lot Faces W Lot Size Dimensions 44165 sf (see survey) Parking PavedOff StreetUnderUnpaved Pool In GroundConcretePrivate Pool Pool Type Private Pool YN Yes Roads PavedPrivate Roof Wood Shingles Street Frontage 150 Style Contemporary View Description OceanSound Water Frontage 150 Waterfront Location Oceanfront

Interior Features

Air Conditioning CentralHeat PumpZoned Appliances DishwasherDryerFreezerIce MachineMicrowaveRefrigeratorWall OvenWasher2nd Dishwasher2nd RefrigeratorWine Cooler Counter Tops Quartz Floor Coverings CarpetTileWood Furnishings Available YN Yes Heating CentralElectricHeat PumpZoned Interior Features 9' CeilingsBay/Bow WindowCathedral Ceiling(s)Gas FireplaceEnsuitePantryWet Bar1st Flr Ensuite Optional Rooms Home Theater

Property Features

Annual Rental Income 748140 Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Builder Mancuso Development Estimated Annual Fee 4200 Financing Options CashConventionalJumbo Loan Flood Zone X Lease Terms Weekly Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Palmer's Panorama Rental Performance 0.0623 Residential Type Single Family - Detached Sewer Septic Private SepticNon Conventional Septic Tax Year 2023 Taxes 28913.81 Water Municipal Zoning RS-2 SFRD

Listing courtesy of Ray Meiggs of Twiddy and Co. - Duck: C: 252-333-5310.


© 2024 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corolla Real Estate. Data last updated: 2024-03-01T23:37:36.27.
 
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5595 N. Coratan Highway
Southern Shores NC, 27949