435 Kitsys Point Rd LOT 69, Corolla, NC 27927

Directly overlooking the ocean and set in the beautiful Pine Island community, this exquisite oceanfront retreat is a masterful blend of custom details and elegant amenities. Built by one of the best contractors on the beach, Pete Hunter, the finishes are of the highest quality, from the red oak floors in the dining room, hallways and library, custom cabinetry, gas fireplaces with marble surround, granite counters, durable hardiplank siding and professional faux painting. This magnificent home offers wel l-appointed amenities including an elevator from the garage to the 3rd floor, theatre room with reclining Lane solid leather rockers, multiple TVs/DVDs, Trex decking on all decks and walkways, a well-equipped kitchen with two Sub-Zero refrigerators and much more ???" all in 9,055 square feet of luxurious living space. Turn up the fun on the ground level in the poolside rec room featuring a 3-in-1 bumper pool/card table, a 55" tv with Wii, Nintendo, X box , in the game room with foosball, skee ba ll and slot machine, exercise room with Lifestyle treadmill and bike, Schwinn airdyne, free weights and exercise videos, or in the deluxe HD theatre room with 110" screen and escient fireball package that holds 500 dvd's. You'll also find a Queen master bedroom with access to the pool deck, plus a kitchen!There is also a powder room and full bath with shower for pool use. Outside there's a private pool with flagstone wall, 3 separate waterfalls, kiddie pool with fountain, poolside bar and 2 outdoor showers with dual shower heads. Ride the elevator to the second level where you????ll find 4 oceanfront King master bedrooms, 3 with sitting areas, all with deck access and unparalleled ocean views that provide the perfect setting for ultimate relaxation. There are 2 other bedrooms with shared bath. There is also a laundry room with 3 washers and 3 dryers, cabinets and folding counter. On the spacious third floor you????ll find a living room showcasing beautiful ocean views, vaulted ceilings, and a gas fi replace with marble surround, a well-equipped kitchen featuring a 6-burner gas cook-top,3 microwaves, 2 dishwashers, double oven, ice machine, wine cooler, 2 pantries, and 2 Sub-Zero refrigerators enclosed in custom cabinetry and 2 dining areas ???" the perfect combination for entertaining. Rounding out the third level, enjoy some quiet time in the library complete with a gas fireplace, recliners, and wonderful ocean views ???" accessible through a pocket door from the king master bedroom with oc ean views, whirlpool and large sitting area with entertainment center. There is also a queen master bedroom with sitting area and a hallway half bath. The second largest home in Pine Island, it is an unparalleled investment property, intended for an owner looking for maximum rental income. This home currently has $215,000 in rental income with $240,000 in projected revenue for 2012 ???" a 6.6% ROI. Owners do not discount rates in the offseason - projection for doing so is $275,000 which will provid e a remarkable ROI of 7.6%. Enjoy the benefits of your Outer Banks investment as you take in the stunning views from inside this beautiful home or al fresco from 3 levels of Trex decking or the oceanfront dune top deck. From the unobstructed ocean views to the benefits of top-quality construction, the attention to style and detail are evident in this custom-built home nestled among the quiet dunes of Pine Island. Additional features: ADT security system, 2-2 car garages, protective double dune line wit h 100 feet of ocean frontage, upgraded furniture package throughout home (Century, Henry Link and Sherrill) Turner bronze sculpture provides the base for the dining room table accented with 100% silver lookdown fish, Solid cherry bookshelves in the office, architectural 50-year shingles, 4 heat pumps replaced in, 08. 1 heat pump replaced in ????09 2 have bronze glow. 1 air handler replaced 09 - all have 10 yr warranties.