Corolla - Beach Property For Sale #916449

Welcome to the Mermaid's Reef - Magnificent one of a kind custom built oceanfront home. - This large, super nice Oceanfront Retreat is situated on a beautiful, stable, high dune lot that measures over 600 feet deep and the home requiresNO FLOOD INSURANCE! - Mermaid's Reef has all the space and amenities to appease the most demanding rental guest. - With over 7,900 sq ft of living area and featuring 8 bedrooms, 8 full baths, and 3 partial baths, there is plenty of room for everyone to spread out and relax. - This special property also features: - massive top floor great room with amazing ocean views, chef's kitchen with double appliances, loft, large dormitory suite setup for the kids, screened porch, large wrap around sun decks, huge media/game room with TV, pool table, poker table, 2nd fully equipped kitchen, separate game room with air hockey, table tennis, and shuffleboard, dumbwaiter, covered poolside bar, heated pool, over sized paved pool deck , hot tub, large oceanfront gazebo and much more! Great investment opportunity! - Renters LOVE This Home, many repeat guests - can generate $150,000 in Rental Income and has potential to do even more! - Home can easily be marketed as a wedding or special event home. - Mermaids Reef is not the average cookie cutter rental home. - This property was thoughtfully designed, solidly built and carefully maintained by the original owner. - Only top quality materials were used during construction. - Also, with future maintenance in mind the home was built using such features as 40+ year architectural roof shingles, high quality siding, vinyl railings, and vinyl covering on posts,and septic system is designed for 28 occupants. - Recent upgrades include: - all energy efficient HVAC units (inside and out), carpet and furniture updates. - This is one really nice home! - Come take a look!