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For sale
  • $1,450,000

    475 Island Lead Rd, Corolla, NC 27927

    6beds
    3,466sqft
    : 
    $8,266/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1997
    0.77 Acres Lot
    $1,380,000 Zestimate®
    $418/sqft
    $-- HOA

    What's special

    Ocean viewsPrivate gunite poolSpacious coastal retreatBasketball hoopSand volleyball courtSoaring cathedral ceilingsThree primary ensuites
    REFRESHED AND READY! SIX BEDROOM PINE ISLAND STUNNER JUST TWO LOTS FROM THE BEACH! Welcome to luxury coastal living in one of the Outer Banks most prestigious and sought-after communities. If you know PINE ISLAND, you know this is a premier OBX destination. Stretching over 3 miles along the coastline, Pine Island is uniquely designed with homes on the oceanside only, offering LARGER LOTS, MORE SPACE ON THE BEACH, and a quieter, more private vacation experience. Some of the most luxurious homes in the Outer Banks call Pine Island home, and this property is no exception! Known as SPARE TIME, this exceptional home with a private lot is PACKED WITH FUN and designed for making unforgettable vacation memories! Enjoy your own PRIVATE GUNITE POOL, SAND VOLLEYBALL COURT, BASKETBALL HOOP, and INDOOR GAME ROOM! As an added bonus, the community TENNIS COURTS are located directly behind the property, offering even more recreation just steps away! And with the beach ONLY TWO LOTS AWAY, you'll enjoy OCEAN VIEWS and a quick, easy walk to the sand and surf! Designed to comfortably accommodate LARGE GROUPS, this spacious coastal retreat offers SIX BEDROOMS, including THREE PRIMARY ENSUITES, THREE ADDITIONAL BEDROOMS, FIVE FULL BATHROOMS, and ONE HALF BATH. The UPDATED KITCHEN opens seamlessly to the family room and dining area, creating the perfect gathering space for entertaining, sharing meals, and spending quality time together. QUALITY AND CHARACTER are evident throughout this home! Beautiful HARDWOOD FLOORS grace the first and third levels, while recently updated LUXURY VINYL PLANK flooring enhances the second level. Soaring CATHEDRAL CEILINGS and impressive SOLID OAK TRIM, DOORS, AND PANELING add warmth, architectural character, and timeless craftsmanship that set this home apart. Whether you're searching for a LUXURY VACATION RETREAT, an INVESTMENT PROPERTY, or a combination of both, SPARE TIME offers the SPACE, LOCATION, AMENITIES, AND QUALITY to deliver the ultimate Outer Banks experience. With its exceptional recreational features, proximity to the beach, and coveted PINE ISLAND address, this is a coastal opportunity you won't want to miss!
    6 days
    747
    73

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Kathie W Hogg 252-455-3483,

    Coldwell Banker Seaside Realty KH

    Source: OBAR,MLS#: 134395MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 5
      • Partial bathrooms: 1
      Rooms
      • Room types: Game Room, Utility Room
      Heating
      • Central, Heat Pump
      Cooling
      • Central Air, Heat Pump, Zoned
      Appliances
      • Included: Dishwasher, Dryer, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer, 2nd Refrigerator
      Features
      • Cathedral Ceiling(s), Cedar Closet(s), Pantry, Walk-In Closet(s), Wet Bar, Entrance Foyer
      • Flooring: Tile, Hardwood
      • Furnished: Yes
      Interior area
      • Total structure area: 3,466
      • Total interior livable area: 3,466 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Paved, Off Street
      • Has carport: Yes
      • Details: Garage: Carport
      Features
      • Has private pool: Yes
      • Pool features: Outdoor Pool, In Ground, Gunite, Private, Association
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: 2 - lots from oceanfront (3rd row
      Lot
      • Size: 0.77 Acres
      • Features: Cul-De-Sac, Level
      Details
      • Parcel number: 127C00001620000
      • Zoning: SFO

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence, Residential
      Materials
      • Frame, Wood Siding, Wood, Cement Fiber Board
      • Foundation: Pillar/Post/Pier, Slab
      • Roof: Asphalt
      Condition
      • Year built: 1997

      Utilities & green energy

      • Sewer: Shared Septic
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Pine Island Pud
      HOA
      • Has HOA: Yes
      • Amenities included: Clubhouse, Pool
      • Services included: Management, Pool, Road Maintenance, Tennis Courts, Walkways
      Location
      • Region: Corolla

      Financial & listing details

      • Price per square foot: $418/sqft
      • Tax assessed value: $822,200
      • Annual tax amount: $6,385
      • Date on market: 10/16/2026
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Owned More than 12 Months
      • Lease term: Weekly
      • Road surface type: Paved

        Estimated market value

        $1,380,000

        $1.31M - $1.45M

        $4,418/mo

        Price history

        DateEventPrice
        10/16/2026Listed for sale$1,450,000+11.5%$418/sqft
        Source: OBAR #134395 Report a problem
        6/17/2022Sold$1,300,000+58.5%$375/sqft
        Source: Public Record Report a problem
        7/27/2020Sold$820,000-7.8%$237/sqft
        Source: Public Record Report a problem
        6/4/2020Pending sale$889,500$257/sqft
        Source: Coastal Outer Banks Realty #109440 Report a problem
        5/28/2020Listed for sale$889,500$257/sqft
        Source: Coastal Outer Banks Realty #109440 Report a problem
        4/8/2020Listing removed$889,500$257/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem
        1/13/2020Price change$889,500-6.4%$257/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem
        11/9/2019Price change$950,000-6.9%$274/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem
        9/18/2019Price change$1,020,000-1.4%$294/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem
        8/13/2019Price change$1,035,000-2.4%$299/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem
        4/8/2019Price change$1,060,000-1.9%$306/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem
        2/18/2019Listed for sale$1,080,000$312/sqft
        Source: Coastal Outer Banks Realty #103766 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,386 +0.3%$822,200
        2024$6,370 +12.2%$822,200
        2023$5,679 +19.9%$822,200
        2022$4,736 +0.3%$822,200
        2021$4,721 -8%$822,200 -7.9%
        2020$5,130 +3.8%$892,400 +3.9%
        2019$4,942 $858,600
        2018$4,942 +10.3%$858,600
        2017$4,481 $858,600
        2016$4,481 $858,600
        2015$4,481 $858,600
        2013$4,481 $858,600 -31.8%
        2011-- $1,258,987
        2010-- $1,258,987
        2009-- $1,258,987
        2007-- $1,258,987
        2005-- $1,258,987
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 27927

        Getting around

        17 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating

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