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!
For sale
$1,450,000
475 Island Lead Rd, Corolla, NC 27927
6beds
3,466sqft
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
- 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#: 134395
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
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $1,450,000+11.5%$418/sqft |
Source: | ||
| 6/17/2022 | Sold | $1,300,000+58.5%$375/sqft |
Source: Public Record Report a problem | ||
| 7/27/2020 | Sold | $820,000-7.8%$237/sqft |
Source: Public Record Report a problem | ||
| 6/4/2020 | Pending sale | $889,500$257/sqft |
Source: Coastal Outer Banks Realty #109440 Report a problem | ||
| 5/28/2020 | Listed for sale | $889,500$257/sqft |
Source: Coastal Outer Banks Realty #109440 Report a problem | ||
| 4/8/2020 | Listing removed | $889,500$257/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
| 1/13/2020 | Price change | $889,500-6.4%$257/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
| 11/9/2019 | Price change | $950,000-6.9%$274/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
| 9/18/2019 | Price change | $1,020,000-1.4%$294/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
| 8/13/2019 | Price change | $1,035,000-2.4%$299/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
| 4/8/2019 | Price change | $1,060,000-1.9%$306/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
| 2/18/2019 | Listed for sale | $1,080,000$312/sqft |
Source: Coastal Outer Banks Realty #103766 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Est. payment





