Waterfront - Golf Course
Address
118 N Baum Trail, Duck, NC
Price
$ 12,000,000
Property Attributes
  • MLS#124212
  • TypeSingle Family
  • CountyDARE
  • CityDuck
  • AreaDuck Oceanside
  • NeighborhoodPalmers Island
  • Zip27949
  • StyleContemporary
  • Year Built2018
  • Taxes$ 28913
  • Price$ 12,000,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms3
  • Sqr Footage9651
  • Lot Size1.01366 Acres
Data Source:
Outer Banks MLS (OTBMLS)
Property Description

Nestled in Duck, NC within the secluded community of Palmer’s Island on North Carolina's Outer Banks stands Palmer’s Panorama, an architectural masterpiece that redefines coastal luxury living. Honored with the esteemed 2018 OBX Parade of Homes Judges Award of Excellence and the People’s Choice accolades, this sprawling estate spans nearly 10,000 square feet across an expansive oceanfront acre. Crafted by Mancuso Construction in 2018, Palmer’s Panorama stands as a pioneering masterpiece in architectural design, offering breathtaking panoramic vistas of both the ocean and sound from every level. This opulent estate boasts 12 luxurious ensuite bedrooms, most accompanied by private decks, and three exquisitely designed living areas. Outdoor entertainment features include a 24’ x 50’ heated pool with a 15'x15' tanning ledge, cabana, showers, and bathroom, along with two inviting hot tubs. The pool has a new 250,000 BTU LP gas heater that makes chilly water warm up fast! A covered recreation area provides amenities like mini-golf, basketball, ping-pong, shuffleboard, and a host of games and toys for children and adults alike. (See the associated documents.) Notwithstanding its luxurious amenities, the remarkable location of Palmer’s Panorama makes it truly extraordinary. The setting within Palmer’s Island offers thrilling sunrises over the ocean and magnificent sunsets across the Currituck Sound in the midst of unparalleled natural beauty. A private boat dock and ramp on the Currituck Sound offers private access to boating, kayaking and fishing. Nearby, the Sanderling Racquet & Swim Club, Pine Island Racquet Club, Sanderling Resort, and Currituck Club Golf Course offer indoor tennis, Spa, indoor pool and fitness clubs, exclusive restaurants, and premier golf respectively. Relish a sunset stroll along the sound to the area’s only 4 Diamond-rated restaurant, Kimball’s Kitchen, to enjoy exquisite culinary experiences on the soundfront within the Sanderling Resort. Moreover, the property's proximity to the DONAL C. O'BRIEN, Jr. AUDUBON SANCTUARY in Corolla is a highlight of its unique location. Just steps away from this lavish retreat lies this pristine expanse, preserving 2,600 ACRES of protected marsh, upland maritime forest, and sandy beaches. The Sanctuary provides respite for migratory birds and wildlife, away from human disturbance. Visitors can revel in the untouched beauty of the Sanctuary through kayak tours, public programs, and nature trails, offering a serene and captivating experience adjacent to the luxurious realm of Palmer's Panorama. In addition to its natural splendor, Palmer’s Panorama presents an extraordinary investment opportunity as a vacation rental property. Its proximity to major urban hubs like Northern Virginia (NVA), Washington D.C., Philadelphia, and even Manhattan makes it an ideal getaway for urban dwellers seeking fresh ocean breezes by the coast. With its luxurious amenities, pristine surroundings, and convenient location, it has proven potential to generate substantial ANNUAL RENTAL INCOME approaching $750,000. For a comprehensive understanding of Palmer's Panorama's investment potential and a detailed breakdown of its rental income history and projections, we highly recommend reviewing the associated documents outlining the property's earnings. These documents contain valuable insights into the substantial revenue-generating capability of this remarkable estate. Palmer’s Panorama offers not only an exceptional estate but a gateway to both an unforgettable coastal experience and a profitable investment opportunity, combining luxury living, breathtaking natural surroundings, and promising rental potential.

Price History
12/28/2023 Listed $12,000,000

General Features

Appliances Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
Area Duck Oceanside
Builder Mancuso Development
City Duck
Class RESIDENTIAL
Construction Frame
Cooling Central, Heat Pump, Zoned
County Dare
DOM 105
Directions North on NC12 from Duck; Right on Baum Trail; Left on N. Baum Trail; Second home on the right.
Extras Boardwalk to Beach, Cabana, Ceiling Fan(s), Elevator, Hot Tub, Landscaped, Outside Shower, Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
Financing Options Cash, Conventional, Jumbo Loan
Flood Zone Zone X
Full Baths 12
Garage Carport
Half Baths 3
Heating Central, Electric, Heat Pump, Zoned
Lease Terms Weekly
Parking Paved, Off Street, Under, Unpaved
Percent Ownership Owned More than 12 Months
Pool Y/N In Ground, Concrete, Private Pool
Postal Code 27949
Potential Short Sale No
Primary City Duck
Roof Wood Shingles
Sale/rent For Sale
Status Active
Status Active
Street Name Baum Trail
Style Contemporary
Subdivision Palmer's Island
Subdivision NC
Tax Year 2023
Taxes 28913.81
Type Single Family - Detached
View Ocean, Sound
Virtual Tour https://youtu.be/t1015LvJBPo
Water Municipal
Waterfront Location Oceanfront
Year Built 2018
Zoning RS-2 SFRD

Interior Features

Beds 12
Floor Covering Carpet, Tile, Wood
Heated Living Area Sq Footage 9651
Interior Features 9' Ceilings, Bay/Bow Window, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry, Wet Bar, 1st Flr Ensuite
Optional Rooms Home Theater

Exterior Features

Approx.lot Sqft 44155
Exterior Shakes
Foundation Piling
Fuel Tanks Leased
Lot Description Beach Frontage
Lot Faces (n,e,w,s) W
Pool (Y/N) Yes
Pool Type Private
Roads Paved, Private
Sewer/septic Private Septic, Non Conventional Septic
Street Frontage 150
Waterfront 150

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 27949

Price
AVG $1.16M
$12M
Taxes
AVG $4,354
$28,913
Visits
AVG 172
366
Data Provided by Inside Real Estate®
Year Built
AVG 1990
2018

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