Active

118 N Baum Trail Lot 2

Duck NC, 27949

$12,000,000


$1,243.39 per sqft

Active

12 Beds

13.5 Baths

9,651 sqft

Residential

Built in 2018

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.

124212

MLS ID

February 21, 2024

Updated

Map

118 N Baum Trail Lot 2
Duck NC, 27949

Interior Features

Bedrooms

12 Beds


Bathrooms

13.5 Baths


Interior Features

Elevator, Cathedral Ceiling(s), Pantry, Wet Bar


Appliances

Dishwasher, Refrigerator, Dryer, Freezer, Ice Maker, Microwave, Oven, Washer


Floor Description

Carpet, Tile, Wood


Fireplace

Yes


Fireplace Description

Gas


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Heat Pump, Central, Electric, Zoned

Exterior/Building Features

Lot Size

1.01 Acres


Architectual Style

Contemporary


Roof

Wood


Sewer

Septic Tank

Other Property Details

Area Name

Duck Oceanside


Taxes

$28,914


Tax Frequency

Annually


Days on Market

55


Garage

No


Parking

Off Street


View

Yes


View Description

Ocean


County

Dare


Water Source

Public


Pool

Yes


Pool Features

Outdoor Pool, In Ground, Private


Waterfront

Yes


Buyer Agency Compensation

2%

Courtesy of Twiddy and Co. - Duck, Ray Meiggs,
Listing Contact: 2523335310 

Based on information from Outer Banks Association of REALTORS® as of 2/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2024 Outer Banks Association of REALTORS® all rights reserved.

Data last updated on 2/21/2024 at 9:07 PM UTC

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