507 Magnolia Way, Lot 36

Corolla, NC 27927

$740,000
Last Sold Price
4
Beds
2,354 Sq. Ft.
$314 / Sq. Ft.
2,354
Sq. Ft.
$314
per Sq. Ft.
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Sold Co Op By Member 11/30/22
Sold Co Op By Member 11/30/22

Description

Sound Views! Gorgeous Sunsets! Beautiful well maintained and updated spacious 4 bedroom 3.5 bath home located by a cul de sac in the prestigious Magnolia Bay section of The Currituck Club. Top level is bright & open w/ beautifully updated Kitchen, Dining Room, Great Room, Powder Room & a private huge Ensuite Bedroom/Bath w/Jacuzzi & Walk In Closet. First Level features 3 bedrooms of which one is an Ensuite Queen Bedroom w/private bath. The third bedroom is currently being used as an office & shares...Sound Views! Gorgeous Sunsets! Beautiful well maintained and updated spacious 4 bedroom 3.5 bath home located by a cul de sac in the prestigious Magnolia Bay section of The Currituck Club. Top level is bright & open w/ beautifully updated Kitchen, Dining Room, Great Room, Powder Room & a private huge Ensuite Bedroom/Bath w/Jacuzzi & Walk In Closet. First Level features 3 bedrooms of which one is an Ensuite Queen Bedroom w/private bath. The third bedroom is currently being used as an office & shares a bath w/ the 4 th bedroom that is currently being used as a Den. This home offers a lot of sun and shaded areas to relax with everyone or quiet time for yourself. Pool area is very Private & Spacious with enclosed outdoor shower and Hot Tub. Large Deck on top level faces the pool and can be accessed from the pool area or the upper level. Over looking the pool on 1 st level is one of three porches to enjoy the shade & outdoor living at it's finest. It is the perfect area to take in some sun while watching all the fun at the pool. The peaceful outdoor living continues to the front porch where you can experience Sunsets and Sound views & also to the top level screened in front porch w/ Sound Views which leads to the Great Room. This home is situated in a very Peaceful Private setting. ESTIMATED ADVERTISED RENTAL PROJECTION is $81,384 which is an 11.3% GRI. Landscapping and yard maintenance are included in the Association Dues. So just sit back & enjoy your family & friends, the beach and/or golf. New Fortified Roof scheduled to be installed before the end of October 2022 which will reduce insurance costs. Some Recent Improvements include: 2017 to 2022 - Screened in Front Porch, Vanity w/double sinks, Kohler faucets & engineered marble top in Main Ensuite Bedroom, Exterior Paint and decks stained, New Deck Flooring on rear upper deck, staircase to lower rear level, and front steps, New Washer. 2015 to 2016 -Hand scraped Maple Floors installed in upper level Living area, Ensuite Bedroom and lower level bedrooms, Quality new appliances- Dishwasher, Induction Range,Microwave, Refrigerator, Dryer, Closet organizers, Upper Level Heat Pump replaced, Pool Safety Cover. Just to name a few improvements. The best, is that this home is located in Magnolia Bay at the south end of The Currituck Club & is just a short walk to the beach (or 5 minute golf cart ride to the beach) & less than 10 minute walk to the Magnolia Bay community pool and tennis courts. Just steps to the Trolley stop that will take you and your family to the beach during in season at no charge. The Currituck Club is one of the few gated communities in Corolla, & offers exclusivity & an extra element of safety & security. Additionally, the Currituck Club is a prestigious neighborhood in Corolla & is the home to the Premier Reese Jones 18 hole Championship Golf Course w/ gorgeous landscaping & lots of amenities such as: Fitness Center, Pro Shop, full service Grill, several community Pools, 6 Tennis Courts, Basketball courts, VolleyBall, Pickleball, Shuffleboard, Playground, Gated Community, Lighted Pedestrian walkways & Bike Paths, plus In SeasonShuttle to the Beach. This is a beautiful well maintained home & just a short walk to the beach. If you are looking for an updated well maintained beach home w/a pool, garage, Sound Views, Sunsets & located in a quiet gorgeous neighborhood w/short walk to the beach, then this is the home for you! Call now to schedule your appointment.
  1. Listed by Sandra L LaRue • Corolla Beach Realty
    C: (252)-435-5379 sandy@corollabeachrealty.com
  2. Listed by Daniel LaRue • Corolla Beach Realty
    C: (551)-404-7777 dan@corollabeachrealty.com

Property Details for 507 Magnolia Way

Architectural Style
Reverse Floor Plan, Coastal
View
Sound
Waterfront Features
Semi-Soundfront
Zoning
Res
LISTING UPDATED: 12/01/2022 07:58 PM

Property Details for 507 Magnolia Way

StatusSold Co Op By Member
MLS #120538
Days on Market3
Taxes$2,619 / year
HOA Fees$5,950 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2000
Lot Size0.12 AC / 5,227 SF
CountyCurrituck County
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Location

Listing Courtesy of Corolla Beach Realty

Sold By Village Realty Holdings, LLC - Corolla

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Building Information for 507 Magnolia Way

Stories-Year Built2000Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

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$4,305 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,591

Property Taxes

$218

HOA Dues

$496

The Payment Calculator is for illustrative purposes only.

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Property Information for 507 Magnolia Way

Summary
Location and General Information
  • Directions: Rt 12 North, Turn west to main gate next to Harris Teeter. Stop at Main gate . Left on Hunt Club Drive. Drive almost 2 miles, then turn Right on Magnolia Way. House is on the Left just before the Cul de Sac.
  • Latitude: 36.279932
  • Longitude: -75.802214
  • Subdivision Name: TCC-Magnolia Bay
  • Year Built: 2000
  • ZH Flood Zone: X
  • Major Subdivision: The Currituck Club
  • Full Subdivision Name: Magnolia Bay/127D
  • Front Garage: 1 Car,Attached
Parking
  • Parking Features: Paved, Off Street
Taxes and HOA
  • Association Amenities: Clubhouse, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Tax Annual Amount: $2,618.80
  • Tax Block: 1
  • Tax Year: 2022
  • Assoc Fee Y Or N Or Voluntary: Yes
  • HOA Contact: TCC- Heidi Corsello
  • HOA Contact Info: (252) 453-4011
Property
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved, Private
Property and Assessments
  • Ownership: Owned More than 12 Months
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Deed Book: 1331
  • Deed Book Pg Number: 750
  • Furnishings Available Y Or N: Yes
  • Bank Or Institution Owned: No
  • Pin Number: 127D00000360000
  • Headline: Sound Views/Updated Home
  • Primary Htd Lv Ar SF: 2354.0
Utilities
  • Sewer: Shared Septic
  • Water Source: Municipal
Interior and Exterior Features
Exterior Feature
  • Pool Type: Private and Association
  • E Exterior: Cement Fiber Board
  • Pool: Yes
  • Construction Materials: Frame, Wood Siding
  • Pool Features: Outdoor Pool, In Ground, Private, Association
  • Roof: Asphalt
Interior Feature
  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bathrooms Full: 3
  • Bathrooms Partial: 1
  • Bedrooms Total: 4
  • Cooling: Central Air, Heat Pump
  • Flooring: Carpet, Ceramic Tile, Tile, Wood
  • Foundation Details: Piling
  • Heating: Central, Heat Pump
  • Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
  • ZF Counter Tops: Laminate
Agent
Sale and Listing
  • Listing Id: 120538
Rental
Rent Information
  • Sale Or Rent: S
  • Short Term Rental Restrictions: 0
  • ZE Listing Restrictions: See Broker Notes
  • Est Annual Rental Income Amt: $81,384
  • Estimated Annual Fee Amt: 5950

Property History for 507 Magnolia Way

DateEvent & SourcePriceAppreciation
Nov 29, 2022

Sold

Outer Banks Association of REALTORS #120538

$740,000—
Oct 8, 2022

Listed (Active)

Outer Banks Association of REALTORS #120538

$715,000—
Oct 29, 2012

Expired

Outer Banks Association of REALTORS #71239

$429,000—
Jul 7, 2011

Listed (Active)

Outer Banks Association of REALTORS #71239

$495,000—
DateEvent & SourcePrice
11/29/2022

Sold

Outer Banks Association of REALTORS #120538

$740,000
10/08/2022

Listed (Active)

Outer Banks Association of REALTORS #120538

$715,000
10/29/2012

Expired

Outer Banks Association of REALTORS #71239

$429,000
07/07/2011

Listed (Active)

Outer Banks Association of REALTORS #71239

$495,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 507 Magnolia Way

This home is within Currituck County School District.
Rating
School
Type
Grades
Distance
Knotts Island Elementary
Public - K to 5
Currituck County Middle
Public - 6 to 8
Currituck County High
Public - 9 to 12
The JP Knapp ECH (I)school
Public - 9 to 13
Rating
School
Distance
Knotts Island Elementary
PublicK to 5

Currituck County Middle
Public6 to 8

Currituck County High
Public9 to 12

The JP Knapp ECH (I)school
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Corolla Beach Realty

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 12/01/2022 07:58 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS