Category Archives: Corolla

You Haven’t Experienced Corolla Until You Partake in These Unique Community Activities

Corolla Wild Horse

Corolla is one of the best places to live and vacation on the Outer Banks. There is a variety of community activities in Corolla during the summer. Check out this list below and look for some unique events and activities for your family and friends to enjoy this summer!

Mustang Spring Jam

On May 20th, enjoy rock and roll, funk and blues at the Seventh Annual Mustang Spring Jam. The event will also feature various local vendors with tons of fun for everyone. The music festival starts at 12:30 p.m. at Mike Dianna’s Grill Room in Timbuck II Shopping Village in Corolla. The festival will feature five national touring bands playing nonstop live music from 1 p.m. to 10 p.m. Best of all, the proceeds benefit Corolla’s most precious asset, The Corolla Wild Horse Fund. Tickets for the event can be purchased online or at Trio in Kitty Hawk and Mike Dianna’s Grill Room in Corolla. Enjoy a day of fun and support Corolla’s wild horses!

Memorial Day Beach Blast

This Memorial Day weekend, you can gather up the family for a day filled with beach music and fun in the Historic Corolla Park. The event will run from 12pm to 5pm on May 27th in Corolla and is free for everyone. You don’t want to miss the opening performances by the new OBX band, Jeremy & the Generations, made up of favorite local Outer Banks artists! If you’ve gotten lucky enough to attend any weddings where they performed, then you know first-hand that Jeremy & the Generations are top notch, bringing the life to every party! Following the opening performances is funky headliner, The Blackwater Rhythm & Blues Band from Clarkton, NC.  Bring your beach chairs, relax, dance and enjoy the fun by the sound in Corolla!

Whalehead Wednesdays

Join Sanctuary Vineyards, Vineyards on the Scuppernong and the Weeping Radish Brewery for local wine and beer tastings in the breathtaking and peaceful setting of Historic Corolla Park. Enjoy live music and family friendly activities every Wednesday from May 30th to September 12th. Upon admission, you can sip on samples of featured wines in a take-home souvenir wine glass. Bring your chair, blanket and the entire family (pets on a leash are also welcome!) to enjoy local live music while the beautiful sun sets over the Currituck Sound! Local food will be available for purchase. Whalehead Wednesdays are free for non-drinking adults and children. 

Under the Oaks Art Festival

On June 19th and June 20th, the annual Under the Oaks Art Festival will be held in the Historic Corolla Park at the Whalehead Club. The 17th annual event will take place from 10 a.m. to 6 p.m. both days. The event features a variety of beautiful art and vibrant crafts. Local food will be available, and an art auction will be conducted. Admission is free for everyone. Visitors are welcome to bring along the beach blankets and chairs to relax and enjoy the scene after perusing the goods. A unique experience that showcases some of the best arts and crafts that the Outer Banks region has to offer, this festival serves as a great opportunity to pick up some local treasures that are truly one-of-a-kind. Check out this annual event by the sound in Corolla!

Corolla Festival of Fireworks

The 26th Annual Independence Day Celebration in Corolla will take place on July 4. There are many fun activities for family and friends. The event will kick off at 3pm with children’s games, activities, and food vendors. Live music starts at 5pm, followed by a spectacular fireworks show at dusk. Join the community in Historic Corolla Park to celebrate America’s independence July 4.

Mustang Rock & Roast

Two North Carolina culinary favorites will be celebrated on October 13th and October 14th at the inaugural Mustang Rock & Roast. Enjoy lots of music, oysters and barbecue from 2pm-10pm each day. The event will feature an outdoor oyster roast, pork barbecue cook-off and nonstop live music on the main stage from at least 12 national, regional and local performers, as well as student bands from the Mustang Outreach Program. Advance, day of show and special VIP tickets will be available for the inaugural Mustang Rock and Roast. The VIP tickets will provide the ultimate guest experience with upscale meals, beverage tickets and special event access. A portion of the proceeds will go to the Corolla Wild Horse Fund and the Mustang Outreach Program. The Corolla Wild Horse Fund protects, conserves, and responsibly manages the herd of wild Colonial Spanish Mustangs roaming freely on the northernmost Currituck Outer Banks. The Mustang Outreach Program supplements the cultural arts programs in local schools with world class music performances, residencies and mentoring programs.

 

There are many fun events and activities for family and friends to enjoy in Corolla this summer. For more information, contact Eillu, and we can help with your Outer Banks real estate questions. We hope you have an enjoyable time in Corolla this summer!

 

New Homes in Outer Banks


Luxury Vinyl Tile Flooring Deserves a Place in Your New Home or Remodel

semi soundfront similar Kitchen

Selecting flooring for your Outer Banks home should be a balance toward beauty and practicality.  One wants to have beautiful floors but they should also be easy to take care of so you can get the most enjoyment out of your vacation home.  Frequently guests may not take precautions to preserve hard wood or laminate floors by tracking sand in or leaving wet towels around.  You want your guest to enjoy their time in your home without having to worry about fussy building materials.

The LifeProof luxury vinyl tile delivers on both beauty and practicality.  If you have ever wished for life proof flooring, your wish has come true.  While “lifeproof” is also the brand name that Homes by Eillu uses, the tough product looks great, is easy to install and stands up to the wear and tear in even heavy traffic areas.  It is ideal for homes with pets and children where messes can be an everyday occurrence.

Homes by Eillu has installed these luxury vinyl tiles on several homes we have developed in exclusive Corolla, NC Communities.  Potential buyers have responded favorably and often times believe the floors to be wood.  The owners of our new homes, have appreciated how well the floors have performed and how easy they are to care for – even years after installation.

848 Golden Bluff Way - game room wet bar

The product is water proof so it is great for bathroom and kitchen installations where requiring water proof flooring is a necessity.  It is also ideal for a basement or game room applications near a pool area; where visitors will often track in water and wet bathing suits.  I would also recommend it for the laundry room flooring, where in the event of a leak or accident, the flooring will not be ruined.

Residential installations come with a lifetime warranty.  The lifetime warranty means you may tire of it or styles may change before the product wears out. 

Removing the product in the future is simple.  The planks lock together and are installed without glue or any adhesive.  You simply just lift and un-snap to remove.

Each plank is about 7mm thick with the foam underlayment backing included with each plank.  The flooring snaps together with a tongue and grove that hides any seams.  It is easy enough for a DIY person to install but some have commented that you need to get the feel of the angle to snap the product together. 

The floor “floats” over existing floor coverings like tile, cement or plywood.  So, for remodeling projects, the old floor does not have to be removed.  This saves time and money weather you are doing it yourself or have hired a professional for your remodeling project.

Home Depot carries this brand of flooring and there are several colors and finishes to choose from.  There are wooden oak colored finishes in warm tones and weathered gray tones.  There are also stone finishes to choose from.  Some finishes are available in store and some require ordering online.

The flooring is manufactured into planks that are 47.6 inches long and either multi-width or 8.7 inches wide.  The cost is from $2.79 to $2.99 per square foot; a box will cover between 19 to 20 sf.  The stone finish is available in 16 inch width by 32 inch lengths. 

There is a closed-cell foamed PVC core that is lightweight and easy to handle but strong and rigid once installed.  PVC is polyvinyl chloride which is usually used in commercial or institutional settings with high traffic. 

The flooring is a breeze to maintain and only requires a simple sweeping, vacuuming or a damp mop to keep it looking good.  The material is treated with an inhibitor to resist stain and odor causing mold or mildew both on the vinyl top layer and the foam underlayment. 

The wood graining in the product has a warm and realistic look.  The foam underlayment makes it softer to walk on and quieter when walked upon. 

Luxury vinyl tile has a texture that mimics wood or stone with deeper embossing to provide a very realistic look and feel.  The polyurethane top layer provides protection from scratching or gouging.  The embossing and texture on the tile provides traction and is not slippery in damp conditions.

Some color selections are included below:

luxury vinyl tile color selections luxury vinyl tile color selections

 

There are several manufacturers of luxury vinyl tile.  The colors, textures and design for each will vary as well as the price for each. 

You can see the diverse patterns, colors, textures available with luxury vinyl tile on this Pinterest page.  You can select a quality product by picking one made with a thicker layer of materials. 

Luxury vinyl flooring is more forgiving then laminate flooring.  Laminate flooring is very susceptible to damage from water, humidity and higher moisture content.  So, vinyl is better suited for kitchen and bathroom applications where water or spills are likely to happen.

Luxury vinyl flooring is also more forgiving in a remodeling environment where the subfloor may not be perfectly smooth.  In these applications, laminate flooring may break or crack while vinyl will be more flexible.

Homes by Eillu is proud to provide our buyers with high quality products and the most generous warranties for our new homes and the products within.  We have tested and sourced products to provide utility for the long term.  Your primary home or vacation home should be a place to relax and not have to worry about unnecessary maintenance. 

infographic map with cost and ratings for vacation destinations from Maine to Florida


November 2017 Outer Banks Real Estate Outlook and Current Statistics

November 2017 OBX Real Estate Outlook and Current Statistics

The Outer Banks Association of Realtors released the November 2017 MLS Statistical Report – you can get the full report here

Real estate sales in the Outer Banks for November 2017 were 206 units; an increase compared to Nov 2016 from 167 units. 

Under contract units decreased by 6% to 390 compared to 413 in October 2017.  Compared to Nov 2016 units under contract are up by 5%. 

The average home price increased by 4% compared to Nov 2016.  The average single family home in the Outer Banks is $401,024.  Over the same time period, the average price of condos has fallen by 1%. 

The median single family home price is $325,000, this has increased by 5% in 2017 compared to Nov 2016.  The median price of condos is $287,440, they have increased by 28% in from Nov 2016.  

Some highlights from this month’s report follows. 

Overall Market

Residential inventory decreased by 5% in November with lots/land down by 10% and commercial inventory down by 24%.   The inventory trend has continued downward for most of this past year. 

Active residential inventory is 1452 units.  The quantity sold increased by 12% compared to Nov 2016; with volume sold up by 16%.  The median sale price increased by 6%.   

Lots and land quantity sold increased by 13% from last year.  The average sale price for lots fell by 14% while the median price increased by 3%. Land inventory is down by 10% compared to last year.

Commercial unit sales are down by 23%.  Only 20 commercial units were sold compared to 26 last year.  The average and median sale prices have little relevance with such a small sample and appear skewed from a large sale last year.  Commercial inventory is down 24% compared to last year with only 65 units active on the market compared to 85 units last year.

Distressed Property

Distressed sales remain nearly the same as November 2016 with 102 units sold. There were 28 residential short sale units sold, which is exactly the same as this time last year.  Average price for short sales fell by 4% but the median price increased by  8% from one year ago. 

Sales for bank owned properties increased by 1% from 73 units to 74 this year. The average sale price for Bank Owned property fell by 2% compared to last year; while the median decreased by 4%. 

Overall, the quantity of distressed property sold increased by 1% compared to the same period in 2016.  The average price decreased by 3% and the median increased by 6%.  Total volume sold is up by 1% with 102 units compared to 101 last year.

The effect distressed real estate will have on the overall Outer Banks market will continue to diminish as foreclosure and short sale inventory is depleted and the market returns to pre-recessionary levels of distressed real estate.  

Residential

Single family unit sales increased by 14%, with 1563 units compared to last year 1374 units.  The volume sold increased 17% with the average sale price and median sale price both increased by 3%. 

Condos unit sales increased by 9% compared to last year.  November condo unit sales were 179 compared to 164 a year ago.  The volume sold increase by 10%.  Median sale prices for condos increased by 9% compared to last year.  Average sale prices are up by 1%, compared to last year.  Unlike many other markets, the Outer Banks did not see an oversupply of condo construction during the boom years and current demand for condos has been strong in 2017. 

Residential  land unit sales increased by 11% in November.  The average sale price fell by 7% while the median price was up slightly at 1% compared to last year.

Overall Days on the Market for the all residential properties is down by 44% in November.  Days on the market is 143 versus 254.  Upon closer inspection, for the 1062 units sold since Jan. 2017 the average days on the market is a startling 53 days.  Outer Banks properties are selling much faster; especially new inventory.

New Construction building permits are down by 14% with 250 units compared to 292 last year.  Building permit value decreased by 5%.

Outer Banks Town Statistics

The November 2017 median sale prices for the towns in the Outer Banks and the percent change compared to 2016 appear below:

Nov 2017 Median price change for OBX towns

nov 2017 median price change obx towns table

Corolla experienced the largest percentage gain of 12% compared to 2016. The next highest YTD increase was Hatteras Island at 11%. 

The Outer Banks real estate market is on track for a solid sales year.  If you have been thinking about an Outer Banks vacation home purchase, second home purchase or permanent home, now is the time to act.  Purchasing power will decrease once the anticipated mortgage rates increase.  Smart buyers and investors will lock in rates now before the increase.  The rental market continues to be strong to provide income from the investment and enjoyment for the family for years to come. Buy now to position the home for the 2018 rental season.

Buy with Eillu and save more with our buyers rewards plan. The Outer Banks continues to be named a top beach destination every year.  Beach nourishment has recently been completed for a large portion of Dare County beaches and will ensure strong future appreciation for real estate. 

If you have considered selling your Outer Banks home, now may be the best time.  The lower inventory levels will allow your property to be seen with less competition.  The strong demand will sell your home with fewer days on the market.  Our 1.5% listing commission will save you thousands of dollars!

Schedule an appointment today to find your vacation rental property, second home or investment property. 

MLS Monthly Outer Banks Market Report


Challenge Your Team with a Powerful Team Building Retreat to Corolla

Corolla adventure park

There is nothing like getting the team away from the office.  Folks let down their hair and relax a bit dressed in casual clothes instead of business suits.  This can foster communication across typical department boundaries. 

During warm weather, pack your flip flops and bathing suits and head to Corolla for a memorable and rewarding team event.  Even in the off season with cooler temperatures, Corolla offers a unique environment for team building activities.

Corolla is a premier Vacation destination.  It seems, the Outer Banks and Corolla are always named in the top 10 beach destinations. 

This year is no different when the Huffington Post named Corolla 4th place and says “This wide, unspoiled Outer Banks beach has an added attraction: herds of wild Mustangs (descended from horses that escaped from Spanish explorers in the 1500s) that roam freely.”  Since the number 1 spot is in Hawaii and a bit further to travel; Corolla is centrally located to the Eastern Coast and a simple “drive to” destination for your business or corporate group.

A team building event must have an objective and can’t be all play.  No matter what your objectives, we have activities to energize your group and keep the creative juices flowing. 

Corolla Adventure Parksunset at corolla adventure park, which opened last season, is an ideal activity to challenge your team.  Situated on the beautiful Albermarle Sound, the rope course has 9 obstacle circuits 12-15 feet in the air with 60 different obstacles and zip lines.  There is something for every skill level to test your teams’ mental and physical limits.  The views are sensational and will create a lasting memory.  Call ahead and check the website for winter and holiday hours.  

view of corolla adventure park

There are discounts for groups available in March, April, May, September, October and November.  This is the ideal time to visit Corolla in the Outer Banks.  Summer crowds, typically consisting of families, are back in school.  Rates for accommodations are reduced and there is a wide range of accommodations and activities to choose from. 

Corolla is known for large vacation homes, with fabulous amenities to satisfy every desire of your group.  Some homes have 12 or more bedrooms; but there are condos and smaller homes available as well.  Many have private pools (some heated), hot tubs, outdoor grilling entertainment areas, theater rooms, multiple kitchens, game rooms, volleyball or basketball courts for a quick pick up game. 

You can select a vacation home on the oceanfront or the soundfront and anywhere in between (the barrier island is not very wide).  Larger groups can also reserve multiple homes that are side by side. 

The island takes on a slower vibe after Labor Day and before Memorial Day.  The locals are more laid back and friendly; the will engage in conversation to elaborate on the history and what makes the Outer Banks such a special place. 

There is a vibrant restaurant scene, more like a metropolitan area.  Of course, crabs, oysters or any of our wonderful seafood is abundant and available to take out and cook at your rental home.  A personal chief could even come to the rental home and make a traditional seafood boil or another specialty dish. 

A best kept secret is how long our season is.  Ocean temperatures stay warm well into the fall making a day on the beach such a pleasant experience.  Your team can rent surfboards, stand up paddleboards or kayaks and receive expert instruction and a guided tour of the sound and estuary.  The abundant birds and wild life are experienced in a close, personal way when quietly paddling a kayak in and around the sound. 

For those who want power or excitement, jet skis and motor boats are available for rental, as well.  No visit to the area known for “First in Flight” is complete without seeing it from the air.  Corolla Parasailing can take groups of 12 on an adventure with a unique perspective from the air.  Fly above the Currituck Lighthouse and the quaint Soundside shops in Duck to appreciate the gorgeous view.  No matter what water activity your group would like to experience, Corolla has it.

Of course, no visit to Corolla is complete without going to the top of the Currituck Lighthouse and seeing the magnificent coast laid out in front of you in all its glory.  Wait! You also have to see the wild horses roaming freely on the beach and taking a dip in the ocean – because they can. 

I also didn’t get to mention the top notch golf courses like the Currituck Club as well as several others a short drive away. 

Fishing and crabbing is a favorite activity of residents and visitors alike.  Either from a boat, pier or surf; the Outer Banks is a fishermen’s paradise.

So, what are you waiting for?  Plan your retreat today because winter will soon be over.  Start with the lovely vacation rental homes that Corolla is known for.  These accommodations are great for a group for a team building retreat no one will soon forget. Explore available rentals and start planning your trip.   

If you find yourself, like some many others, wanting to come back to the Outer Banks with your very own vacation home, let the experts at Eillu guide your through your purchase.

Eillu buyers rewards CTA


How to Buy and Customize a New Home Without the Hassle and Expense of Multiple Closings

New home construction outer banks corolla

Homes by Eillu has several new homes under construction in desirable Outer Banks neighborhoods

These Corolla listings in Monteray Shores, Corolla Light and Villages at Ocean Hill, are in demand by vacationers and are enjoyed by second homeowners.  If you act now, there is time for you to customize the homes and select the finishes you prefer.

These homes are fully funded by the developer.  This means there is only one closing after the home is complete.  This will save you money and it also allows you to avoid the stress that many buyers frequently feel during the custom home buying process.

Lot Loan

Buyers of a custom home will frequently select and purchase a lot.  The purchase of the lot can be financed with a loan. 

From a lenders point of view, this loan will be riskier and will tend to have a higher interest rate.  These loans are considered non-conforming loans and the bank can’t sell the loan on the secondary market. 

It is more difficult for buyers to qualify for a land loan than for a mortgage and the terms can sometimes be onerous.  Once the home is completed, the land loan amount can be included in the amount of the mortgage.

Homes by Eillu does NOT require our buyers to obtain a loan for the lot or land.  We pay for the lot and incur all cost while building your new home.

Construction Loan

A construction loan is usually obtained by the buyer to begin construction for a new home.  This is a short term loan used to fund the project with disbursements as the project progresses.  Buyers typically pay interest on the loan over the course of the building, but the entire balance including principal is due when the home is complete. 

Typically, the construction loan balance is incorporated into the final mortgage loan once the home is completed.  This ‘interest only’ construction loan is cash out of the pocket of the buyer while the building progresses.  If the amount is not rolled into the mortgage then the buyer will be paying closing costs for both loans.

At Homes by Eillu, we do NOT require buyers to take out a construction loan.  This adds up to thousands in savings for the buyer. 

Earnest Money

A custom home builder usually requires a higher earnest money deposit than typically required for a resale home.  They do this to share some of the risk with the buyer.  A buyer may select some finishes that do not have wide appeal and would make it more difficult to sell to another buyer should the deal fall through.

At Homes by Eillu, we require a 5% earnest money deposit at the time of signing the contract for purchase and another 5% deposit once the roof is complete. 

The buyer should have a loan approval letter at the time of signing the contract for purchase and a commitment letter from the lender within 30 days.

One Loan – One Closing

At Homes by Eillu we believe in making your new home purchase simple, stress free and an enjoyable process.  Once your home is complete and a certificate of occupancy is issued, only one purchase money mortgage is used to finance the home.  This saves buyers thousands of dollars in cost.  Only one closing means there are no duplicate loan application fees and other transaction costs.  It makes the entire process more efficient without the extra burden of scheduling draws and arduous paperwork for the buyer and the builder.

Customize Your Way

We currently have several homes under construction.  The earlier you act, the greater the opportunity to customize the home with your selections.  The process is very simple.  You can also visit one of our completed homes, to visualize some of the finishes and to inspect the quality construction methods employed.  See completed home pictures here.

Select Quality Products

The New Construction signed contract includes an attachment with the specifications for your new home.  Some items, like the 50 year warranty LP siding with sofit and facia and Pella windows and doors, are included in the specifications.  Roofs are Owens Corning True definition Architecture Shingles.  Cabinets are BJ Tidwell.  Even the paint is specified to PPG (Pittsburg Paint & Glass) rather than a builder’s grade paint that will likely need to be re-painted too soon.  All are quality products to produce a quality home.

Other suggested finishes and products include granite counters, LVT (Luxury Vinyl Tile), Viking Vinyl pool (12×24) and Whirlpool stainless steel appliances.  A buyer can simply select a color palate, bath and related fixtures and use all the specified products for a unified and well-designed home that will remain in style for decades. 

Substitute Finishes with Allowances

Alternatively, a buyer can customize the home to uniquely reflect their personal style with the allowance program.  Each allowance category has a dollar value and product substitutions that cost over the allowance will have the difference added to the final cost of the home and are paid at closing.  Any items selected that are below the allowance appear as a credit at closing.  The allowance categories are:

  • Vinyl Tile
  • Carpet
  • Ceramic Tile
  • Appliances
  • Lighting
  • Granite
  • Cabinets
  • Landscaping

Homes by Eillu include state of the art smart home technology.  This package works together with a hub to efficiency and easily control all connected devices.  The smart devices include:

  • Wired and wireless internet
  • Alexa voice controlled assistant
  • WiFi Thermostats
  • Front Door Camera
  • Door locks
  • 2 Wifi lights
  • Leak detector
  • Indoor and outdoor speakers

Plus, when you are away from home, many of the devices are controlled and send alerts to your smart phone so you can monitor your beach home from a distance.  This is a huge benefit in the Outer Banks where many homes are used as second homes or vacation homes.  Imagine being able to control the temperature of your Living Room in the Outer Banks from your permanent home!

Also, all of our homes include a 1 year Builders Warranty and a 4 year American Home Shield Warranty to ensure worry free enjoyment of your new home for years to come.

Currently, all of our new homes are centrally located in Corolla.  We have homes in several established communities; like Village at Ocean Hill, Monteray Shores, and Corolla Light.  Each of these communities is sought after by vacationers for their abundant amenities, proximity to the Sound and the Ocean.  All are close to shopping, restaurants and local attractions. Our fun beach homes are perfect for a second home or vacation rental.

Homes by Eillu has many new construction packages available.  Call today to schedule an appointment to view a completed home or visit our next project. 

New Homes in Outer Banks


Corolla Light – Premier Ocean to Sound Resort Community in the Northern Outer Banks

Corolla Light resort in northern Outer Banks

This ocean to sound community spans across 250 acres of pristine dune and maritime forest to present the wonderful setting for upscale vacation homes. The amenities are distributed throughout the community and a free trolley runs in season to take visitors between the ocean, sound, pools, gym and other amenities.  The year round sports center has indoor tennis, racquetball and an indoor pool which makes an off season visit anything but boring.  The resort even has its own putt-putt golf course.

Corolla Light is recognized as being a premier resort area and was even named as 2014 North Carolina Resort of the year.  It has earned this distinction for over 14 years. This well-established community is known for its elaborate yet well managed amenities that attract vacationers and keep them coming back.  These state of the art amenities and common areas are expertly and efficiently managed so it is not a burden to property owners. The delightful community still has a few selective lots and new construction available.

Corolla Light Amenities

It is no wonder why Corolla Light was named as the 2014 North Carolina Resort of the year.  You can’t help but to feel like you are on vacation and in a rather special place if you are visiting or are lucky enough to own a home here.  There are so many amenities and pools that there is a trolley to make it easy to get from the beach to one of the many pools and back to your home.  In fact, there are 7 pools located on the oceanfront and sound and even an indoor pool for year round enjoyment. 

The attention to detail with all the oceanfront and soundside amenities show why it is consistently in demand for rentals and homes:

  • Two ocean front swimming pools with the Oceanfront Grille serving food.
  • Children’s playground
  • Training pool (heated!)
  • Lighted full court and half-court basketball courts
  • Four lighted shuffleboard courts
  • Lighted volleyball court
  • Baby pool
  • Five lighted oceanfront walkways and gazebos
  • Swimming pool
  • Baby pool
  • Soundfront pier and gazebo
  • Self-guided discovery trail
  • Ecology walkway
  • Nature trail
  • Fishing Pond

The state of the art fitness center and indoor sports center is immaculately maintained and includes:

  • 2 indoor clay tennis courts
  • Racquetball court
  • Full size locker rooms with showers and sauna
  • Fitness/cardio room with:
    • 7 Startrac Treadmills
    • 3 Startrac Ellipticals
    • 1 Startrac Stepper
    • 1 Startrac Total Body Trainer
    • 3 Startrac Recumbent Bikes
    • 2 Startrac Upright Bikes
  • Weight room with free weights, Cybex Circuit Weights, and an Atlantis Multi-Station
  • 25 yard indoor heated pool with 3 lap lanes
  • 12 person spa
  • Aerobics room
  • Pro shop with rental equipment
  • 2 ping pong tables

Corolla Light will appeal to the serious tennis player with multiple tennis courts:

  • 2 indoor clay courts
  • 4 outdoor clay courts
  • 4 outdoor hard courts

Contact Eillu today to schedule a showing of any of our wonderful new homes at Corolla Light.  The shoulder season is one of the best kept secrets on the Outer Banks; the crowds are gone but the weather and the beaches are superb through Oct and in early spring.  So, if you were thinking about visiting the Outer Banks – there is no time like the present.  Let us know if you would also like to see some other new homes in the area.

Outer Banks Luxury Properties


909 Corolla Drive, Whalehead Subdivision – Corolla, NC 27927

Located in the Whalehead community in Corolla, NC this 3 story ocean side beach home has been meticulously maintained by the original owners.  It was built in 2001 and has performed well as a rental vacation home earning over $58k in income for 2017. 

The 3,154 square foot home has 6 bedrooms with 2 as masters, 4 full baths.  The home is a short walking distance to the convenient beach access and also features ocean views from the roof top widows walk.  The ample decks afford privacy with the surrounding native foliage.  

Whalehead Club is an established Corolla community with large lots and multiple beach accesses.  It does not have shared amenities or a HOA; so buyers will not have to be concerned about additional monthly HOA fees.

The home is built for families and vacationers seeking an active lifestyle; with the volleyball net, basketball hoop adjacent to the driveway, the pool and hot tub are just steps away through the sliders from the game room with pool table.

 

This lovely home is listed for $599,000.  Watch the video below or  read more.


Tour the Outer Banks – 21 Top Attractions (away from the beach and sound) for Each Town You Don’t Want to Miss

Things to do on OBX that are not the beach or sound- Aerial view currituck lighthouse

Visitors are surprised at how much there is to do in the Outer Banks that does not involve going to the beach or sound or H2OBX waterpark.  While the abundance of water activities is one of the most attractive features of the destination, the Outer Banks has so much history and other features you won’t want to miss.

The Outer Banks has many golf courses for aficionados to enjoy and you can read about 8 of the nearby OBX golf courses here

The Outer Banks has several fishing piers that are great for beginner and experienced anglers to test their skill.  Read about our fishing piers here.

The activities here are listed from north to south and grouped by town.

Corolla

Wild Horses

The wild horses are a major attraction for visitors in Corolla.  The horse breed, the wild Colonial Spanish Mustangs, is designated as the NC State Horse.  They reside in a sanctuary just north of Corolla in Carova where there are no paved roads. 

While there are many organized tours to view the wild horses, it is not necessary to go on a tour in order to be able to see them.  Visitors with a 4 wheel drive vehicle can drive on the Carova beach and see the horses. 

However, if you are not experienced with driving on the beach, it is a better idea to go on a tour and avoid getting stuck.  Plus, the tour guides know the back roads and the favorite places where the horses gather and can regale you with the history of the area. 

Keep in mind the horses are a protected treasure.  It is against the law to get within 50 feet of them or to feed them. 

Currituck Lighthouse

The Currituck Beach Light Station is a distinctive red brick tower located in historic Corolla Village.  Construction began in 1873 and was completed two years and over 1 million bricks later. 

The lighthouse is open for the public to climb the 220 steps or 162 feet which is worth the effort for the amazing view.  The view of the Whalehead Club, Currituck Sound and Atlantic Ocean is absolutely breathtaking. 

The lighthouse opens in March and closes the beginning of December.  There are a few days where the climb is free but typically the admission is $10 for adults and children over 7.  Children under 7 can climb free with an adult.  70% of the admission is tax deductible as a charitable contribution.

Whalehead Club

The Whalehead Club is a restored 1920’s Art Nouveau styled hunt club that is open to the public for tours.  The mansion sits on 39 sound front acres and is listed on the National Register of Historic places.  Anyone with an interest in history, design or architecture will find a tour fascinating.  It is a gem to the state of NC.

Edward Knight Jr and his wife built the home at a time where there was not even paved roads in the area. 

Mrs. Knight was not allowed in the all-male hunt clubs of the era so the 21,000 sq ft mansion by the sea was built for husband and wife and friends to enjoy hunting the prolific waterfowl common to the area.

The house took 3 years to build and cost $383,000 or the equivalent of $4.3 million today.  There were no roads to the area at the time so everything had to be brought in by boat.  Including a custom built Steinway & Sons 6 legged grand piano designed just for the wife, Marie-Louise. 

The house generated its own electricity by using the water of the boat house; a first for the area in 1925 when power would not arrive until the 1950’s.  The home also had indoor plumbing, heat and an elevator.  The house was just incredible for the time.

The grounds around the club is a popular venue for weddings and other events.  There are topical tours including a day or night haunting tour.

Corolla Adventure Park

This aerial adventure park will provide your family or group a unique experience.  With 9 obstacle circuits 12-50 feet in the air, zip lines and rope courses there is a challenge for everyone in your group. 

The Corolla park was recognized in 2017 with an award for “Most Outstanding Structural Design” by the International ACCT Conference.  The course is designed for ages 5 and up.

Outer Banks Center for Wildlife Education

Located in Currituck Heritage Park (same general area as the Lighthouse and Whalehead Club) is this FREE museum.  This educational museum is a great way to learn about Corolla and the way of life in the area. 

There is a small aquarium featuring local fish, a large gallery of duck decoys and a full-sized duck blind located on the sound.  The eco-system of the sound is featured in a movie shown to visitors. 

There are also daily special programs, like painting a duck decoy or Gyotaku (fish printing), and even a Maritime Forest Walk available at various times as listed on their calendar

The center stays open year round but is closed on Sundays and some holidays.  Great activity and something for the whole family.  There are classes for fishing, crabbing and even the fundamentals of archery.

Duck

Duck Town Park & Soundside Boardwalk

The Duck Town Park is 11 acres with trails through the maritime forest and willow swamp.  The town park is conveniently located to the town’s commercial district and the sound side boardwalk. 

The park features an amphitheater where concerts and events are held throughout the year.  There is a playground and picnic areas at the park.  There are water fountains, including one just for furry friends, and restrooms are available for visitors convenience.

The sound side boardwalk is loaded with upscale shops, restaurants and scenic overlooks to the sound.  The sunsets from the boardwalk are a spectacle to behold. 

There are public boat slips, a kayak launch site and fishing and crabbing sites along the sound front boardwalk. The boardwalk is a wonderful way to get some exercise while enjoying a wonderful view and encounters with area wildlife.

Kitty Hawk

The Monument to a Century of Flight

Located in Kitty Hawk by the Visitors Center (Aycock Brown Welcome Center MP1) this monument tends to get overlooked by visitors in favor of the Wright Brothers Memorial located in Kill Devil Hills. 

This sculptural memorial shows the progression of flight through pillars and honors those early pioneers who contributed to flight. 

The 14 pillars are wing shaped pylons that depict the epic journey from the first flight of the Wright Brothers to the realization of travel to the moon – all in one short 100 year span of time.

Kitty Hawk Wood Coastal Reserve

This preserved maritime forest, still untouched, with marshes, swamp and wetlands spans 1,824 acres. The area includes multiple environments; it is bordered on the west by Currituck Sound and Kitty Hawk Bay to the south.  The relics of ancient sand dunes are present with ridges and reminders of the ancient coastline are present in the swales. 

There are wetland plants like the Bald Cypress and upland plants like the American Beech, a freshwater creek runs through the preserve and empties into the Bay. 

The Jean Guite Creek (also known as High Bridge Creek) is full of plants and animals and is perfect way to enjoy stand up paddle boarding or kayaking through the maritime forest.   Abundant wildlife and some of the best bird watching is available here especially during migration season.  Sunsets at Kitty Hawk Woods are a wonderful sight overlooking the Currituck Sound. 

Located west of US 158, Kitty Hawk Woods can be accessed from one of the two parking lots: one at David Paul Pruitt Park and another one at Sandy Run Park. The preserve does allow  hiking, biking, horseback riding and hunting are all permitted in the park, within the assigned areas. Hunting requires a state hunting license and a NC Coastal Reserve Permit.

Sandy Run Park

Nestled inside the Kitty Hawk Woods Coastal Reserve is this town managed park.  The nature viewing boardwalk is a circular loop of less than 1/2 mile (.43 to be exact).  Most of the walkway is an elevated boardwalk over some marshy terrain. 

It is a great place to get off the beaten path (or so it seems) while still being close to everything.  Children get to view turtles, birds and other nature. 

There is a covered picnic gazebo area that is perfect for bringing a bag lunch or picnic fare. 

There is a fresh water pond with catch and release fishing from a fishing pier. 

To get even closer to wildlife there are kayak launches and tie up areas.  There are several towers and viewing platforms with interpretive signs along the path to explain the plant and animal life. 

The park also has a basketball court, golf putting green and horseshoe pit.

Children at Play Museum

If you are looking for an indoor or rainy day activity for little ones, than stop by this quaint museum in Kitty Hawk.  It is located on route 158 at 3810 Croatan Hwy.  It is definitely geared for the toddler set with all the activities located in a single room with plenty of hands on activities; best for ages 6 and under.

Kill Devil Hills

Wright Brother National Memorial

This Memorial honors the Wright Brothers for the First Flight on December 17, 1903 – this date marks world’s first heavier than air, powered, controlled flight. 

Annually, the First Flight anniversary includes flyovers and other special events at the park.  The park is operated by the National Park Service and is open daily except for December 25th

Aviation enthusiasts won’t want to miss the exhibits showing the Wright brothers work leading up to the first flight, artifacts from the first flyer and a reproduction of the 1903 flyer and 1902 glider.

Colington Speedway Go Carts

Located off the beaten track, west of route 158, at Colington Rd visit a throwback go cart track where it doesn’t cost a lot to have a good time racing go carts. 

This track does not get the traffic or the crowds’ typical to a location closer to the beach.  Family friendly and if there is a longer line, staff will give patrons a little more time.  For about $8, speed demons can get about 10 laps or about 10 minutes of track time.

Nags Head Woods Ecological Preserve

Located off Route 158 in Kill Devil Hills at 701 West Ocean Acres Drive, is a hidden gem for hiking, jogging, birding and bow hunting.  There is no fee for visitors but registration at the information center is required.

Established as a National Landmark in 1974, The Nature Conservancy acquired about 420 acres between 1974 and 1986.  In 1992, 389 acres were added and in 1997 the Town of Nags Head dedicated nearly 300 acres of Nags Head Woods as a permanent conservation area under the State Nature Preserves Act.  The Town of Kill Devil Hills placed another 100 acres under cooperative management.

The preserve includes forested dunes, interdune ponds, marshes  and wetlands.  It is nestled between two of the largest sand dunes on the east coast, Jockey’s Ridge and Run Hill. 

This unusual location with protection from winds off the ocean has allowed a diverse group of wildlife to thrive that is atypical for a barrier island.  There are oaks, hickory and beech trees over 100 years old.  There are over 100 species of birds, 15 species of amphibians, and 28 species of reptiles.  The freshwater ponds are full of fish and great diversity of plant life.  The marsh system includes river otter, egrets, herons and other waterfowl.

Nags Head

Jockey’s Ridge State Park 

Located at MP 12 on route 158, Jockey’s Ridge is the largest sand dune on the east coast.  It is free to climb the dune and there are also educational programs offered throughout the year.  The view from the top of the dune stretches from sound to sea and is beautiful, especially at sunset. 

Jockey’s Ridge is a favorite place for flying kites, sandboarding and hang gliding.  It is an excellent viewing area for 4th of July fireworks or celestial events like the recent eclipse.

The west side of the dune provides access to the Roanoke Sound.  Here you will find the soundside beach where visitors often launch kayaks and enjoy other water activities.

Bodie Island Lighthouse

Located just south of Nags Head is Bodie Island Lighthouse.  This lighthouse was recently restored and is able to be climbed by visitors.  The lighthouse is 156’ tall and it takes 214 steps to get to the top.  The lighthouse is open from the 3rd Friday in April to Columbus Day in early October.

Interestingly, this is the third lighthouse to be built in the area.  The first one was built in 1847, but the brick foundation was not well supported and it began to lean within a few years.  Next, in 1858 a new lighthouse was built nearby but was destroyed 2 years later by Confederate soldiers during the Civil War.  Finally, in 1871 a new lighthouse was constructed which is the one we have today.

First Flight Adventure Park

Located at MP 16 in Nags Head is the aerial adventure park with 42 obstacles and 6 ziplines up to 50ft in the air.  Located adjacent to the sound, adventurers can enjoy lovely views while climbing.

Course difficulty ranges from easy to advanced.  The course is laid out to mimic the outer bands of a hurricane.  Each climber must be over 6 years old and has 2 hours to enjoy the course.  The course is added to each year to continue to challenge climbers.

Manteo

NC Aquarium on Roanoke Island

Located at 374 Airport Rd in Manteo is a wonderful aquarium to delight visitors of all ages.  One of the biggest draws at the aquarium is the shark tank and one of the cutest are the sea otters.  The exhibits and the programs are creative, interesting and are updated and changing all the time.

There are outdoor programs that include kayaking around Roanoke Island while the guide points out local animals, native plants and the eco-system of the area.  Other programs include fishing, stand-up paddle boarding, crabbing and a wetlands walk.

Indoor programs include a dive to swim with the sharks in the 285,000 gallon Graveyard of the Atlantic exhibit.  There are also sleepovers for groups of 12 or more that include an aquarium tour, 2 program activities, evening snack and breakfast in the morning.  There are also behind the scene tours, crafts and even cooking classes.  Truly something for everyone and every interest.

Roanoke Island Festival Park

Visit Roanoke Island Festival Park to have history come alive.  Located across from the Manteo waterfront, is a 25 acre historic site representing the first English settlement in 1585. 

The Elizabeth II located at the site is representative ship of the Roanoke Voyage of 1585 of an English merchant ship.  Visitors can board and explore the ship while inter-acting with costumed 16th century sailors. 

The Indian town is representative of the Coastal Algonquian tribe the English settlers encountered back in the 16th century.  While the settlement site depicts living conditions for the soldiers and sailors of the first colony from England.  There is also an adventure museum illustrating the 400 year history with interactive exhibits.

The site has an indoor theater and outdoor pavilion with many concerts and performances throughout the year.  There is a $10 adult fee to see the exhibits but you can also walk the park and shop at the museum store without paying the admission.  There is so much here to see that your admission ticket is good for 2 days.

Take the time to also visit the Manteo waterfront area with its unique shops and restaurants; it is quaint and a small town gem. 

Lost Colony

The Lost Colony is the longest running outdoor theater presentation in the country.  For over 80 years, the performance depicting the mystery of the disappearance of the first settlers to the new world has entertained millions and remains unsolved today. 

The play is performed on the site where events occurred over 450 years ago against the scenic background of the Roanoke Sound.

The play rivals Broadway productions for its professionalism and power.  The stage is 3 times larger than most Broadway play and includes over 130 actors, technicians, designers and volunteers.

Air Tours

One of the most memorable sights is to view the Outer Banks from the air.  One truly realizes the fragile nature and vulnerable sand bar that is the Outer Banks. 

Air tours allow you to view all the popular destinations on the Outer Banks from a unique perspective.  Looking down on the lighthouses or a school of sharks is something you will never forget.

There are several operators of air tours at the Manteo airport including helicopter tours, open cockpit biplanes, and skydiving for the ultimate thrilling adventure.

Elizabethan Gardens

Enjoy the shade and beautiful blooms at the Elizabethan Gardens in Manteo on Roanoke Island.  The gardens date back to 1951 and was the brain child of The Garden Club.  It was originally planned as a 2 acre garden to typify the gardens kept at the time of the first colonies.  However, a gift of fine Italian statuary with fountains, balustrade, wellhead, sundial, bird baths, stone steps and benches took the project into a more formal direction.

The garden fills 10.5 acres and you can view a map here.  They broke ground for the gardens in June 1953 and it opened to the public in August 1960.  Many native plants were kept in the garden, including an ancient live oak estimated to have been living in 1585 when the first colonist arrived to Roanoke Island.  There are over 500 different species of plants; hydrangeas, camellias, herbs and native coastal species.  There are over 85 varieties of Camellias; which bloom in winter providing much interest for the season.

The Outer Banks of North Carolina has been captivating visitors for centuries.  From the  Native Americans, to the first Colonist to the present day vacationer, there is something special about this island that is difficult to describe in a few words.  Once it is experienced it is hard to return to life as it was before.  The salt, sand and sea air get under your skin and won’t let go. 

If you are ready to get your place in paradise, contact Eillu Real Estate for help in following your dreams.  We can help you find and purchase the perfect permanent home, second home or vacation rental investment property.

New Homes in Outer Banks


September 2017 Outer Banks Real Estate Market Outlook and Current Statistics

Outer Banks Real Estate Market Outlook Sept 2017

The Outer Banks Association of Realtors released the September 2017 MLS Statistical Report – you can get the full report here

Real estate sales for September 2017 in the Outer Banks increased slightly from August with 156 units to 158 units.  This is almost the same as September 2016 sales of 159 units. Under contract units increased by 6% to 442 from August reported 419 units under contract.  The average home price increased by 4% compared to 2016.  The median single family home price has increase by 2% in 2017 while condos have increased by 5% in 2017.  Some highlights from this month’s report follows. 

Overall Market

Residential inventory decreased by 10% in September following last month’s 8% decrease both compared to last year.  The inventory trend has continued downward for the past few months.  Active residential inventory is 1484 units.  The quantity sold increased by 11% following last month’s 11% increase; with volume sold up by 16% following the same increase last month.

Lots and land quantity sold increased by 6% after last month’s increase of 8%.  The average sale price for lots fell by 191% and while the median price increased by 4%. Land inventory is down by 13% compared to last year.

Commercial unit sales are down by 24% following last month’s decrease of 20%. Only 16 commercial units were sold compared to 21 last year.  The average and median sale prices have little relevance with such a small sample and appear skewed from a large sale last year.  Commercial inventory is down 22% compared to last year with only 57 units active on the market compared to 73 units last year.

Distressed Property

Distressed sales increased in September and were 9% of all residential sales compared to 2% reported last month. There were 22 residential short sale units sold, compared to 24 short sales this time last year; an 8% change from one year ago.  The average sale price decreased by 12%.  The median sale price increased by 6%. 

Sales for bank owned properties increased by 11% from 57 units to 63 units compared to last year. The average sale price for Bank Owned property fell by 8% compared to last year; while the median decreased by 1%. 

Overall, the quantity of distressed property sold increased by 5% compared to the same period in 2016.  The average price decreased by 11% and the median increased by 3%.  Total volume sold is down by 8% compared to last year.

The effect distressed real estate will have on the overall Outer Banks market will continue to diminish as foreclosure and short sale inventory is depleted and the market returns to pre-recessionary levels of distressed real estate.  

Residential

Single family unit sales increased by 13% slightly higher than the 12% reported last month, with 1275 units compared to last year 1130 units.  The volume sold increased 17% with the average sale price increase by 4% and the median sale price increased by 2%. 

Condos unit sales increased by 12% following last month’s 16% increase compared to last year.  September condo unit sales were 151 compared to 135 a year ago.  The volume sold increase by 10% following last month’s 14% increase.  Median sale prices for condos increased by 5% compared to last year.  Average sale prices fell by 1%, compared to last year.  Unlike many other markets, the Outer Banks did not see an oversupply of condo construction during the boom years and current demand for condos has been strong in 2017. 

Residential land unit sales increased by 3% in September.  This follows the 5% YOY increase reported in August and a 19% increase reported in July. The average sale price fell by 11% while the median price was unchanged compared to last year.

Overall Days on the Market for the all residential properties is down by 39% in September following the reported 23% decrease in August.  Days on the market is 124 versus 203.  Upon closer inspection, for the 800 units sold since Jan. 2017 the average days on the market is a startling 46 days.  Outer Banks properties are selling much faster; especially new inventory.

New Construction building permits are down by 16% with 184 units compared to 220 last years.  Building permit value decreased by 21%.

Outer Banks Town Statistics

The September 2017 median sale prices for the towns in the Outer Banks and the percent change compared to 2016 appear below:

Sept 2017 OBX market report

Sept 2017 OBX market report data table

Corolla experienced the largest percentage gain of 13% compared to 2016. The next highest YTD increase was Hatteras Island at 8%; these towns are unchanged from June, July and August. 

The Outer Banks real estate market is on track for a solid sales year.  OBXMLS reports 442 under contract compared to 419 units reported last month. October is a great time to visit the Outer Banks and view real estate as the crowds have reduced and the weather is warm during the day but with low humidity and cool at night.  Experience the colors of fall on the OBX; the marsh grass gets a pewter color, the sea oats rustle in the breeze and the deciduous trees change into the reds and golds!

If you have been thinking about an Outer Banks vacation home purchase, second home purchase or permanent home, now is the time to act.  Purchasing power will decrease once the anticipated mortgage rates increase.  Smart buyers and investors will lock in rates now before the increase. 

Buy with Eillu and save more with our buyers rewards plan.

If you have considered selling your Outer Banks home, now may be the best time.  The lower inventory levels will allow your property to be seen with less competition.  The strong demand will sell your home with fewer days on the market.  Our 1.5% listing commission will save you thousands of dollars!

The rental market continues to be strong to provide income from the investment and enjoyment for the family for years to come.

The Outer Banks continues to be named a top beach destination every year.  Beach nourishment has recently been completed for a large portion of Dare County beaches and will ensure strong future appreciation for real estate. 

Schedule an appointment today to find your vacation rental property, second home or investment property. 

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Mid-Currituck Bridge to Corolla NC: Current Status Update and Impact to Area Analysis

Mid Currituck Bridge to Corolla, NC - Current Status and Impact to Area Analysis

Current Status: In Development

When the Final Environmental Impact Statement for the Mid-Currituck Bridge was completed, way back in January 2012, it looked like a bridge that has been discussed for over 40 years was finally becoming a reality. 

Unfortunately, some changes in the state legislature changed how the NCDOT evaluated and prioritized projects.  As a result, the next step in the process to get the bridge built, the Record of Decision, was never issued. 

The project is included in the State Transportation Improvement Program and is scheduled to have the Record of Decision issued by spring 2018.  In order to issue the Record of Decision, the Environmental Impact Statement (EIS) must be reviewed; since it has been more than 3 years since the approval of the EIS.

Once the Record of Decision is issued, the next steps are: developing a new traffic and revenue study and toll financing plan, selecting a builder, preparing final design plans, acquiring right of way, and obtaining environmental agency permits. The NCDOT shows the construction begin date and opening date as “to be determined”. 

Coastal Impact

Proponents who favor building the bridge are likely to reference the reduction in time visitors spend in getting to their vacation home and the congestion or backup of traffic on summer weekends.  This includes the additional gas burned and pollutants emitted as a result of having to travel south through the Wright Memorial Bridge before heading back north to the Currituck beach destinations.  Currently, the only way to access the northern Outer Banks is by crossing the Wright Memorial Bridge into Dare County.

The mid Currituck Bridge is likely to have a far reaching impact on the Corolla and Carova area.  The impact will extend into Dare County as well.  Dare county has suffered from the increased traffic congestion, especially on community side streets, as vacationers try to find “short cuts” to avoid traffic on their way to the Currituck beaches.

Another important reason for building the bridge is public safety.  The North Carolina Department of Transportation estimates the hurricane evacuation clearance times for those using U.S. 158 and N.C. 168 already exceeds the state-designated standard of 18 hours.

In 2007, the clearance time was 27 hours. In 2035, without an alternate route, the clearance time is forecasted to be about 36 hours.

The increase in evacuation times is life threatening when you consider studies by showing hurricanes intensify significantly faster now than they did 25 years ago. Specifically, researchers found storms attain Category 3 wind speeds nearly nine hours faster than they did in the 1980s.  One recent storm, IRMA also broke records for the speed at which it strengthened to a category 5.

The Mid Currituck Bridge will provide more direct access to first responders.  This is especially helpful for medical emergencies and may reduce the need for the med-flight services as the bridge would provide quicker access to Virginia Medical Facilities.

Employers in the Currituck Outer Banks will have an easier time getting employees due to the shorter commute from using the bridge.   

A discounted fare structure on tolls for locals will likely be needed to make it attractive and affordable to local mainland residents.  There are relatively few year round residents in the Currituck Outer Banks so finding employees to fill summer needs has been a consistent problem.

The Corolla and Corova demographics could also shift to include more year round residents with school age children.  Currently, the long bus ride from the Currituck Outer Banks to the mainland discourages parents from living there.

The Mid Currituck Bridge and the proximity to Virginia will encourage more day trips to the Currituck Outer Banks.

Mainland Impact

A study back in 2008, “Economic Development Strategy Vision Plan” for Currituck County, predicted some impacts to the mainland side of the county as a result of the Mid Currituck bridge being built.  The study predicted:

  • A mix of businesses will occur in approximately 7.6 square mile area near Aydlett between Hwy 158 and the mainland bridge intersection at the Currituck Sound
  • Establishment of 34 businesses at the bridge, including retail stores, restaurants, service businesses and a hotel with estimated total annual sales of $78 million
  • The creation of 468 new jobs with $9.6 million in new labor income
  • The total industry output generated to be $36.2 million.

The role the mainland will have after the bridge is built will be determined by the cost of the toll. 

Some, like the Southern Environmental Law Center have speculated that the toll will need to be as high as $26 each way in season to finance the $410 million (and likely growing) construction costs. 

The actual dollar amount of the toll will either encourage or deter locals and visitors from mid-week traffic across the bridge to shop, visit entertainment and other recreational venues on the mainland side of the county. 

Currently, there is little commercial development in the Aydlett area.  The Maple Swamp area adjacent to where the new bridge is to be built is protected wetlands so it will not be able to be developed.  Much of the Route 158 main corridor is not developed and presents opportunities for the county and the residents to direct development preferences.

Recent progress regarding future development in the county has occurred at the northern perimeter.  The Moyock Mega-Site, is a long-term economic development plan developed for the County to bring employment and commercial opportunities to Currituck over the next three decades. The Mega-Site encompasses over 3,000 acres adjacent to the border with Virginia and located on the western side of North Carolina 168/Caratoke Highway in Moyock. 

The proposal is a mix of commercial uses such as retail stores, medical offices, and locations for high-tech industrial businesses with a variety of residential areas.   According to the website, the purpose is “planning for and investing in this site, the County looks to attract quality businesses, employers and developers in order to create an area where Currituck citizens can live, work and play as our population changes”. 

Further south in Powells Point, H2OBX opened in June 2017.  This $46 million dollar investment is a new mainland recreational offering for residents and vacationers alike.  The mid Currituck Bridge will encourage vacationers to visit attractions and recreation venues on the mainland side of the county.

Future

The Outer Banks is a 200 mile long strip of sand sticking out into the ocean.  This peninsula is home to over 50,000 year round residents and the numbers are growing.  In Currituck County, the permanent population is 25,000 and forecasted to increase to 42,000 by 2045. 

Not all residents or tourist agree regarding the need for the bridge.  Some believe the negative environmental potential effects are not worth the cost of the bridge and other alternatives should be pursued.  Some believe the additional visitors to the Currituck Outer Banks will be too much for the delicate eco-system.

The Southern Environmental Law Center is on record as opposing the project for some time. They have raised concerns about environmental damage and continuing buildout of the Currituck Banks. The organization has presented an alternative plan that would include flyovers, widening roads, staggering check in days and other suggestions.   

It is likely the Southern Environmental Law Center will sue to stop the project but they will do so after the Record of Decision is issued, since the project is not officially on the books until that time.

Another group opposing the bridge is the “No Mid-Currituck Bridge“. 

There is no shortage on opinions regarding the need for and or the economic viability for the mid Currituck Bridge.  No matter which side of the discussion you may be on; after over 40 years, there is likely not to be a quick ending.  Stay tuned, the story of the Mid-Currituck Bridge has only begun.

Contact Eillu with any real estate questions in the Outer Banks.   

MLS Monthly Outer Banks Market Report


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