Category Archives: Corolla

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. 

Eillu listing commission 1.5%     Eillu buyers rewards CTA


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


Get a Ton of Value With this Whale of a Deal in Whalehead Club– 6BR, 4 Bath Home priced at $599,000.

909 Corolla Drive Front Elevation

Where else can you get a home within walking distance to the beach AND have a pretty white picket fence to complete the dream.  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. 

front exterior of 909 Corolla Dr

This 6Br, 4 bath home with 3,154 sq ft of heated living space is a very popular vacation rental home for discriminating families.  The home is priced right at $599,000 and is located at 909 Corolla Dr, Corolla, NC 27927.  The home is located in the Whalehead  Club community known for its fabulous, wide and gently sloping beaches.

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.

Front yard with volleyball basketball 909 corolla dr

Pool at 909 Corolla Drive Whalehead Club

The home screams fun from the moment you pull into the driveway where a volleyball court and basketball hoop greets visitors and serious competitors alike.  The fun doesn’t end there and continues to the back of the home with the generous sized private pool and hot tub.

gameroom with pool table 909 Corolla Dr

The fun is not limited to only outdoor activities.  The bright and cheery ground floor game room with pool table, flat screen tv and outside access will provide hours of entertainment for young and old alike.  A wet bar with under counter fridge is here to make drinks and snacks conveniently located to this delightful entertaining space.

relax on multiple decks at 909 Corolla Dr

The home has 3 levels with generous covered and uncovered decks and balconies just begging one to stop and sip a cool beverage and enjoy the gentle ocean breezes.  Relax on a hammock or deck chairs and breathe in those salty breezes.

rooftop deck at 909 Corolla Dr with Ocean and Sound views

The rooftop deck allows for ocean and sound views showcasing how special the location is and allowing the visitor to take the expansive site in for as far as the eye can see.  It is perfect for stargazing at night and catching the shooting star to make the wish that you never have to leave.

The coastal inspired reverse floor plan is ideal for large family vacations and spending quality time together.  The top floor includes the great room hub with the large open living room, dining room and kitchen where it is easy to have lots of activities going on at once.

open floor plan at 909 Corolla Dr

kitchen at 909 Corolla Dr

The recently updated kitchen has quartz countertops, new glass tile backsplash with 2 dishwashers and a large fridge to make it easy to feed a large group with panache.  The two level island bar in the kitchen includes generous seating, pendant lighting and plenty of work space for the chef. 

Living room at 909 Corolla Dr

Living room at 909 Corolla Dr

The comfortable and plush living room furniture make you want to curl up, light the fireplace and watch a movie.  The space is light and airy while still being cozy, comfortable and inviting.

Dining room 909 Corolla Dr

table alcove at 909 Corolla Dr

There are multiple dining areas in the great room; perfect for enjoying a meal or playing an impromptu game of cards.

The home has clean simple lines with attractive wood trim, wood wainscoting and easy to maintain surfaces. 

Master suite 1 at 909 Corolla Dr

Master bath 1 at 909 Corolla Dr

Each bedroom and bath are expertly decorated with a bit of sophistication and simplicity.  This provides a calm and inviting ascetic for everyone to be able to relax.

The mid-level floor of the home includes 2 master bedrooms and 2 bedrooms with a shared Jack & Jill bath.  Three of these bedrooms have access to the covered mid-level deck.  Each bedroom has a flat screen tv.  The ground floor has two bedrooms with a full bath in addition to the game room.

This home has been expertly maintained and kept up to date since being built in 2001.  Each bathroom has an updated vanity, new mirror and laminate flooring.  It is a perfect turnkey investment as a vacation rental home or perfect to enjoy as a second home and invite all the extended family to create memories that are priceless. 

Watch the drone video to appreciate this home and its location.

Call Eillu today and visit this beautiful home.  Discuss your options on how to make a profitable investment with Outer Banks real estate and vacation rentals or enjoy the Outer Banks in your second home. 

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Enjoy The Best in Outer Banks New Home Design at The Parade of Homes

Outer Banks Parade of Homes 2017

The Outer Banks Parade of Homes is quickly approaching.  This year the event runs from Oct 5th to Oct 8th from 10am to 6pm and 10am to 3pm on the 8th.  This popular event showcases the best in Outer Banks New Homes.

This annual event is anxiously anticipated by locals, out of town home owners and tourists alike.  The event is sponsored by the Outer Banks Home Builders Association and has been a tradition for 25 years.  Tickets are only $10 for the 4 day event and proceeds benefit the food pantry and other local charities.  You can purchase your tickets at any home on the tour.  There are 15 homes included in the 2017 Parade of Homes.  It is a self-guided tour and you may visit the homes in any order and stay as long as you like.  

2017 Outer Banks Parade of Homes Map

October is one of the best months of the year to visit the Outer Banks.  Temperatures are cooler but the ocean is still warm enough to swim.  Crowds have thinned so visiting your favorite restaurant means no long wait times.  The crisp fall air makes biking, jogging and outdoor activities sheer pleasure.  What better time to visit all the new and exciting developments, OBX new homes and innovative materials from the best builders on the Outer Banks? 

The Parade of Homes tour spans 65 miles of pristine Outer Banks from Corolla to Manteo. The diverse landscape from sound to sea is enchanting in the fall (and frankly, the whole year). During the tour, one gets to see more of the Outer Banks than even most locals routinely get to. 

The Parade of Homes is a self-guided tour that allows you to leisurely dawdle at the homes that capture your interest, chat with the builders or Realtors and glean insights and ideas for your new dream home or remodeling project.  Tickets allow you to tour any of the homes on any of the 4 days provided for the event.   So grab your map or GPS and take the tour.   

While you are in Corolla, stop by our featured listing in Monteray Shores at 848 Golden Bluff Way.  It is one of the most attractively priced new homes in Corolla at $399,900.  Ask us about our other OBX new home projects.

The homes are divided into categories.  “The category is determined based on the actual raw cost of the home itself, exclusive of overhead, profit, the lot and any other amenities like landscaping or a pool. Simply stated, it is the amount that it cost for all of the building materials that were delivered to the site plus the amount of money that was paid to our skilled tradespeople to turn the materials into the finished product you are touring,” according the OBHBA. Each participant gets to vote for the “People’s Choice” award in each category as well as the judges selecting their winners.

Unlike other tours or events, the Parade of Homes has something for everyone.  While there are high end luxury homes (who doesn’t want to drool at them); there are also smaller homes.  This year’s event features homes from 1,240 to 10,646 sq. ft.  The tour includes 3 br to a whopping 24 br home!  Even if you do not plan to buy, sell, remodel or build a home in the coming year, it is an interesting event to attend and you may be surprised and be inspired.

Each home is built by expert craftsmen (and women) who know the Outer Banks and the climate and conditions prevalent here.  Over decades they have honed their skills and know what works and stands the test of time.  Our environment can be harsh with wind, sand and water.  Using materials that perform in this environment but are attractive, energy efficient and sustainable are the hallmarks of the homes chosen to be included. 

I find it worthwhile to pay attention to the small details.  While the Outer Banks New Homes are decorated for varied taste, there is always something to be found that can easily be incorporated to your home.  Technology, green materials and innovative products are ever emerging and it is fascinating to witness the new applications and become aware of the possibilities.  

Contact Eillu today if you like to visit the Parade of Homes with one of our Realtors.  It is an excellent way to see what the Outer Banks has to offer and to zero in on what will make your retirement home, vacation home or investment property perform beyond your expectations.  Taking the tour with one of our Realtors allows us to get to know you better, what you like and don’t like, to ultimately find the best OBX home or investment for YOU!

Build Outer Banks Dream Home    


August 2017 Outer Banks Real Estate Outlook and Current Statistics

August 2017 Outer Banks Real Estate Outlook and Current Statistics

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

Real estate sales for August 2017 in the Outer Banks dipped to 156 units, after July’s sales of 178 units. Under contract fell by 1% to 419 units compared to July’s 422 units.  The average home price increased by 4% compared to 2016.  Over the last 5 years the median home price has increase by 23% with most of the increase over the past two years.  Some highlights from this month’s report follows. 

Overall Market

Residential inventory decreased by 8% compared to last year, following last month’s 10% drop.  Active inventory is 1513 units.  The quantity sold increased by 11% following last month’s 13% increase; with volume sold up by 16% following last month’s 18% increase; compared to year to date sales last year.

Lots and land quantity sold increased by 8%.  The average sale price for lots fell by 21% and while the median price increased by 3%. Inventory is down by 11% compared to last year.

Commercial unit sales are down by 20% following last month’s decrease of 21%. Only 16 commercial units were sold compared to 20 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 16% compared to last year with only 63 units active on the market.

Distressed Property

There were 19 residential short sale units sold, only 1 more than the 18 units sold last month.  However, this is down 17% from last year when there were 23 short sales.  The average sale price decreased by 11%.  The median sale price increased by 7%. 

Sales for bank owned properties increased from 54 units to 57 units compared to last year. Bank Owned unit sales increased by 6%.  The average sale price for Bank Owned property fell by 15% compared to last year; while the median decreased by 3%. 

Overall, the quantity of distressed property sold fell by 1% compared to the same period in 2016.  The average price decreased by 12% and the median increased by 3%.  Total volume sold is down by 17% 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.  Overall distressed sales account for only 2% of total residential sales.  

Residential

Single family unit sales increased by 12% a bit lower than the 14% increase reported last month, with 1,118 units compared to last year 996 units.  The volume sold increased 16% with the average sale increase by 4% and the median sale price increased by 1%. 

Condos unit sales increased by 16%, following last month’s increase of 18%; compared to last year.  August condo unit sales were 140 compared to 120 a year ago.  The volume sold increase by 14% following last month’s 15% increase.  Median sale prices for condos increased by 8% 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 5% YOY; a sharp decrease from the 19% increase reported in July. The average sale price fell by 12% while the median increased by 1% compared to last year.

Overall Days on the Market for the all residential properties is down by 23% compared to last year at 151 versus 197.  More interesting is for the 643 properties listed and sold since Jan 2017, the average DOM is only 45 days.  Outer Banks properties are selling much faster; especially new inventory.

New Construction building permits are down by 23% 170 compared to 220 last years.  This follows July’s decrease of 15%.   Building permit value decreased by 14%.

Outer Banks Town Statistics

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

Aug 2017 Median Price changes in OBX towns from 2016

Aug 2017 data table median prices in OBX town and YTD percent change

Corolla experienced the largest percentage gain of 12% compared to 2016. The next highest YTD increase was Hatteras Island at 7%; this is unchanged from June and July. 

The Outer Banks real estate market is on track for a solid sales year.  OBXMLS reports 419 units are listed as under contract at the end of August.  September is a great time to visit the Outer Banks and view real estate as the crowds have reduced and the weather is the best!

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. 

Eillu listing commission 1.5%       Eillu buyers rewards CTA


Get Smart: Lowest Priced New Home in Corolla – Loaded with Smart Home Technology & A Pool!

This beautiful new construction home, located in the Monteray Shores community in Corolla, NC is offered by Homes by Eillu.  It has just been finished and is “move in” ready to be personalized with all your decorative furniture and touches.  The attention to details is already apparent in the high end fixtures and finishes that will remain timeless.  Think granite counter tops, fully tiled baths, and custom cabinets.  This is one home you must see – such a great value and offered at $399,900. 

848 Golden Bluff Way - rear elevation

The home, located at 848 Golden Bluff Way, Corolla NC 27927, is 2087 square feet with 459 square feet of decks/porches.  There are 4 bedrooms, 3.5 baths.  The generous 12×24’ Cape May fiberglass pool is fully fenced with a concrete deck.  Grab some deck chairs, a table, and your BBQ to get the party started.  The pool area is already wired for outdoor speakers, so bring your phone with all your music.

848 Golden Bluff Way - pool area

This home is technologically advanced with the latest smart home features.  There are various sensors in the home which are connected to the smart hub.  Of course, you can also control the features using your smart phone too.  The smart home devices included with the home are light controls, keyless entry, automated thermostats that maximize energy efficiency and allow you to control them from anywhere in the world (with internet connection).  There is also a front entry camera.  This will allow you to answer the door with your smart phone even if you are thousands of miles away.  You can also view the image to get real time status of the front door area.  There is a water leak sensor to alert you should a leak be detected when you are not at home or even if you are home for faster response.  The home comes pre-wired for audio/speakers in the great room, rec room, pool and deck area.  Each room comes hard wired for high speed internet and smart tv’s.  There is wireless internet and USB charging built into the power outlets in the great room, master BR, rec room and kitchen.  These features are convenient and allow the owner to take advantage of IoT (Internet of Things) today and in the future.

The ground floor has a fun game room or recreation room with custom cabinetry with granite countertop, a wet bar, refrigerator and microwave.  There is recessed lighting and luxury vinyl flooring that is waterproof but has the look of wood.  This room opens up to the pool area and outside shower and will be great for entertaining.  The ground floor also has the 4th bedroom, typically used as children’s bedroom, with an attached full bath.  There is access to the area from the carport and a storage area in the carport. 

848 Golden Bluff Way - game room wet bar

The first floor includes the master bedroom with attached master bath.  The master bath has double vessel sinks, granite counter tops and custom cabinets.   The color selections are neutral but not boring and will have wide appeal and multiple final decorating possibilities. 

848 Golden Bluff Way - master bath    848 Golden Bluff Way - shower

The master bedroom has a private balcony with a view out the front of the home while the other two bedrooms each have a slider to access the deck that spans the entire back of the home and overlooks the pool.  There are two other bedrooms with a shared full bath on this level.  All the bedrooms include ceiling fans with lights, wall to wall carpet extending into the closet for increased comfort underfoot.  The whirlpool washer and dryer are located centrally on this floor to make laundry easy and convenient. 

848 Golden Bluff Way - BR

 

The second floor, or top floor is the open floor plan or “great room” with high ceilings, dramatic pendant lights, chandelier and decorative fans.  The luxury vinyl floor is waterproof and has the look of wood but will last for years with no maintenance. 

848 Golden Bluff Way - great room

The generous kitchen will delight the chef in the family with a bar area that allows the family to converse and watch the cooking action.  The kitchen has the latest style gray custom cabinets with granite counter tops and all Whirlpool stainless steel appliances (electric range, refrigerator, microwave, and dishwasher).  The under mount stainless steel sink has a pull-out spray faucet to make filling that large pots for pasta or crabs easy.

848 Golden Bluff Way - Kitchen

The living area has an electric fireplace with custom stone work as the focal point.  There are two sliders out to the deck which spans the entire back of the home and overlooks the pool.  There is a large dining area to comfortably seat your family and guests.  This floor also has a powder room or half bath.

848 Golden Bluff Way - fireplace

Perhaps more important than the state of the art interior features and the things you see are the things you don’t see but will appreciate for years to come.  The home is designed with high end materials to last for years.  The sofit and fascia are maintenance free.  The windows, front door with sidelights are Pella energy efficient and the heat pump/AC is 13 seer.  There is a 50 gallon quick recovery water heater so no one will end up with a cold shower.  The electric panel is 200 Amps, the wiring is copper, the plumbing is non-corrosive PVC.  The yard is landscaped and includes motion sensor outdoor lights.  The siding is LP smart siding that comes with a 5/50 year warranty. 

848 Golden Bluff Way - side elevation

This home includes a 4 year New Home American Home Shield Warranty (click here for what’s covered) and a 1 year Builder Warranty. 

Monteray Shores is a wonderful well established community that offers many amenities such as Tennis Courts, Community Pool, Club house with lounge area, Basketball Court, Playground and two Sound side Piers and waterfront small craft launch area. Centrally located in Corolla, it is only few minutes from the Sound and the Ocean; it is close to all shopping, restaurants and local attractions. This fun beach home is perfectly suitable for a second home or vacation rental. You can read more about the community of Monteray Shores here.

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

Eillu Outer Banks Market Report


Yes, You Can Expect More With Eillu!