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701 Spinnaker Arch

Corolla, NC 27927 · Currituck County

215 days on market
$1,875,000
$1,875,000Currituck County (Unincorporated)$1M+WaterfrontActive
1875000
Waterfront
4 Bedrooms
3 Bathrooms
2,711 Sq.Ft.
Built in 1988
2-Car Garage
Waterfront Property2-Car Garage1 FireplaceJ.P. Knapp Early College District

About This Property

Experience refined oceanfront living in this exceptional 4-bedroom, 3.5-bath home in Ocean Sands, perfectly positioned between Duck and Corolla. Captivating ocean views, private beach access, and extensive updates combine modern luxury with classic Outer Banks charm. The open-concept top level showcases cathedral ceilings, expansive windows, and a gas fireplace surrounded by natural light and a panoramic coastal view. The dining area seats 11, and the beautifully renovated kitchen features stainless steel appliances, granite countertops, and generous prep and storage space--ideal for entertaining with a view. Two oceanfront en-suite bedrooms on the first level each offer private deck access--one with a spa-inspired custom-tiled rain shower, the other with an elegant glass-enclosed tiled shower. This level also includes a queen bedroom, a twin bedroom, a full hall bath, and a convenient laundry area. A versatile loft adds additional sleeping accommodations with three single beds. Outdoor living is elevated with a gated private pool, hot tub, two covered gazebos, poolside bar areas, deck swings, outdoor showers, and a foot wash station--perfect for unwinding in complete coastal privacy. Recent enhancements include a full kitchen renovation, new top-floor deck and siding (2024), new pool heater (2025), refrigerator (2021), LVT flooring (2021), remodeled bathrooms, new roof (2019), gas fireplace (2019), and upgraded outdoor furniture (2021). With strong rental potential, turn-key condition, and prime oceanfront location, this home offers a rare opportunity to own a piece of the luxury Outer Banks lifestyle. Up to 1% closing cost assistance with preferred lender.

Property Details

SubdivisionOcean Sands
TypeSingle Family Residence
Living Area2,711 sq ft
Full Baths3
Price / sq ft$692
Lot Size0.000 acres
HOA Dues$985 / annually
Year Built1988
Total Rooms8
Fireplaces1
WaterfrontYes
Waterfront Features
Parcel126a0000063000q

Location & Neighborhood Intelligence

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Distance to Key Places (straight-line)

Coastal & Environmental Information

Properties in northeastern North Carolina near coastal waters may be subject to Coastal Area Management Act (CAMA) regulations, or specific flood zone designations. Buyers are advised to independently verify setback rules, elevation certificates, and flood insurance requirements with licensed surveyors, engineers, and insurance professionals.

Interior & Exterior

FlooringLVT/LVP, Carpet, Ceramic Tile
HeatingHeat Pump, Electric
CoolingCentral Air, Ceiling Fan(s), Heat Pump
RoofArchitectural Shingle
ConstructionShake Siding, Wood Frame
AppliancesElectric Oven, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher, Electric Range
ParkingAdditional Parking, Concrete
PoolIn Ground, Hot Tub, Private

Interior Features

Vaulted Ceiling(s)FurnishedHot TubReverse Floor PlanWalk-in ShowerBlinds/Shades

Exterior Features

Outdoor Shower

Schools

ElementaryJarvisburg Elementary
MiddleCurrituck County Middle
High SchoolJ.P. Knapp Early College

Tax & Assessment

Assessed Value$1,050,500
Annual Tax$11,888 (2025)
Monthly Tax Est.$991/mo
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Currituck True Cost of Ownership Calculator

Calculate your actual monthly carrying cost — the countywide Currituck tax, your own flood insurance quote, and a waterfront maintenance reserve. Special service district rates are not included; pull the parcel's tax card for those.

$1,875,000
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Local Tax & Municipal Variables
Currituck County TaxCurrituck County charges $0.60 per $100 of assessed value, effective July 1, 2026. Special service district rates (fire, drainage, stormwater, water and sewer) are added on top for many parcels and are not included here. Verify with the Currituck County Tax Department.
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No town tax anywhere in this countyCurrituck County has no incorporated municipalities, so no parcel pays a municipal rate. Some parcels do sit in special service districts — fire, drainage, stormwater, water and sewer, solid waste — which add to the county rate and are not modelled here.
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Adds a $150/mo planning reserve for dock, pier, bulkhead and salt-air wear. An assumption you should replace with real quotes — not a rate.
Properties on the Currituck Sound, its canals, or the North River fall into CAMA-regulated flood zones. Your zone determines whether flood insurance is required — we don't quote rates, so enter your own insurer's quote below.

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Finance repair scope directly into mortgage via FHA 203(k) or Fannie Mae HomeStyle loan.

Estimated Monthly True Cost
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Includes P&I, taxes, insurance & local reserves
  • Principal & Interest$0
  • Currituck County Property Tax ($0.60)$0
  • Hazard / Homeowners Insurance (Est.)$0
  • Flood Insurance (Your Quote)$0
  • Waterfront maintenance reserve$0
  • PMI / Mortgage Insurance$0

Currituck County has no incorporated municipalities, so there is no town property tax anywhere in the county. This estimate uses the countywide rate of $0.60 per $100 of assessed value, effective July 1, 2026. It does NOT include special service district rates (fire, drainage, stormwater, water and sewer, solid waste), which apply to many parcels and are added on top. Pull the actual tax card for the parcel before relying on any figure here.

Total Loan Amount$0
Down Payment$0
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MLS# 100580427 · HIVE MLS via SourceRE · Last updated: August 19, 2026 at 10:57 PM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.