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The Currituck Club

Luxurious Outer Banks Living

The Currituck Club


Corolla, NC is known for its breathtaking ocean views, lush wetlands, and pristine shoreline enjoyed by wild Spanish mustangs. What you might not know is that amidst this natural paradise is an award-winning golf course and gated community with endless amenities.

The Currituck Club, originally built in 1857, was one of the first hunt clubs in the Outer Banks.  During that time, the Outer Banks were revered waterfowl hunting grounds popular with wealthy industrialists from the north and east coast.  Today, the Currituck Club is listed on the National Register of Historic Places and stands on a 15-acre Audubon Society Cooperative Sanctuary.

The same landscape that attracted 19th century steel and railway magnates also appealed to Rees Jones, 1995 Golf World Architect of the Year.  He designed an 18-hole golf course that blends seamlessly into the coastal terrain, which includes sand dunes, maritime forests, and the Currituck Sound.

“At The Currituck Club, Rees Jones has brought to life his philosophy of golf course design – to create an environment for the game of golf that is challenging, fair and aesthetically pleasing, using as his canvas the type of land where golf began.”¹

The championship course was rated one of the “10 Best New Places You Can Play” by Golf magazine and one of the “Top 25 Courses in North Carolina” by Golf Digest

The-Currituck-Club-Bunker
Image courtesy of Club Corp

While golfers will find the Currituck Club heavenly, there is so much more to enjoy!  Take a leisurely bike ride, play a rousing game of tennis, or watch a movie on the big screen at the pool.  The Club offers amenities to entertain any vacationer, including five pools, seven tennis courts, fitness center, lawn games like bocce, and beach valet service.

Residents will also find daily living relaxed and easy with many conveniences. A Harris Teeter Grocery Store is located within the neighborhood, along with restaurants and retail shops.  A complimentary trolley will even pick you up at the foot of your driveway to take you to the beach!

Currituck Club Pool Deck
Image courtesy of Village Realty OBX

So whether your ideal vacation is jam-packed full of activity or simply enjoying a book on the beach, the Currituck Club’s blend of Outer Banks’ history, unspoiled landscape, and modern comforts has everything you’re looking for.

See what the Coastal Cottage Company could build for you and come home to the Currituck Club!

Click here for home plans!
 

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Blog by Jessica T. Smith

 

Invest in the Outer Banks


Why the Outer Banks? As one of the largest and most mature vacation rental markets in the United States, the Outer Banks continues to draw people to its beaches every year.  It’s natural beauty, wide sandy beaches, family attractions and laid back lifestyle makes the area a top hit for vacationers every year.  For all the same reasons, owning a piece of paradise is an attractive idea and as many smart Outer Banks homeowners have found out, it can also be a lucrative one as well.  Prices on the Outer Banks are typically more affordable than other areas along the Mid Atlantic and Northeast Coast.  That coupled with the fact that homes on the Outer Banks typically produce very high rental income, it is easy to see the value in owning Outer Banks property. 

outer-banks-investment-homeShould I time the market? Timing is important.  When you buy and when you sell can impact your bottom line.  Buyers today should be looking at the long term value of real estate.  Look at your real estate investment from a long term perspective realizing that over time, values trend upward.  Everyone knows what happened with real estate across the country over the last 10 years.  The Outer Banks was no exception.  But those days are behind us and the strength of the market has returned.  Should you time the market?  Yes and the time is now! 

Outer Banks information overload?  The right real estate agent can help you! There has never been a time in the history of real estate when buyers had access to so much information.  With the help of the internet, we now all have access to an amazing amount of information.  It really makes things easy….right?  It certainly has its advantages but organizing all of that information so that you can make the right buying decision is complicated.  The Outer Banks real estate market encompasses over 100 miles of coastline, multiple counties, more than 15 towns and hundreds of communities.  All of these areas are different, have different rules and regulations, different building codes, different beaches and water influences.  How your property will perform, in terms of rental and its long term value can be different in all of these areas.  Pick the right real estate agent.  Make sure they are experienced and have a proven track record.  Information is easy to obtain.  Experienced advice and local knowledge is harder to find, but just as important.  The right real estate agent can help you use all of this information to make the decision that is right for you.

corolla-wild-horse-investmentA diverse real estate market. The Outer Banks has what you are looking for.  No matter what your wish list includes, it can be found here.  Looking for the highest ROI?   We have that with properties that produce amazing rental income.  Looking for a 2nd home and a place to get away from it all?  We have that and can even get you a water view to go with it!  Looking to re-locate to the area?  We have wonderful year round communities, great schools, amenities, water activities and so much more!  


–blog by Brad Beacham, Coldwell Banker-Seaside Realty

Invest in the Outer Banks

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Finding the Motivation

KNOWING THE SELLERS MOTIVATION IS KEY TO MAKING AN ACCEPTABLE OFFER

Finding the sellers motivation is key to making an acceptable offer. Loosely defined, motivation is “a force or influence that causes someone to do something”. Some days I’m highly “motivated” to wake up and get right to the gym for an intense workout comprised of equal parts cardio exercise and strength training. Other days that “force” is missing from my being and I may decide to “phone it in” at the gym with a shorter session (or perhaps not make the trip at all).

Motivation is a critical component of real estate sales affecting both buyers and sellers. A seller who’s accepted a job transfer and needs to be in a distant city by month’s end may be motivated very differently than one who’s decided that they simply wish to downsize now that retirement is close at hand.

The coastal communities of eastern North Carolina have a heavy concentration of homes used by their owners as second or “vacation” properties. Other property owners in the area may have purchased real estate speculatively as an investment, or with a plan to use it in some way that never materialized. When these owners make a decision to bring a property to market their motivation can be extremely different than would be the case if they were selling their primary residence.

Preconceived Buyer Notions; Some buyers with whom I’ve worked have come to the area with preconceived notions of their bargaining power when finding and negotiating to purchase a property. Perhaps they got a great deal on another home in a different market or they’ve heard (sometimes from unrelated sources) that they should expect sellers to accept just about anything thrown their way. The truth of the matter is that each market is different and what may be happening in one market isn’t necessarily what you’ll find in another.

outer-banks-motivation-sellers-real-estateSeller Concessions; While market conditions may still favor buyers in certain segments of real estate sales within Dare and Currituck Counties the scale may not be tipped as far to one side as you think. A review of Outer Banks Association of REALTORS MLS statistics tells an interesting story. For the period between January 1, 2014 and August 31, 2014, sales of single family homes (all dual county areas/all sizes) indicates that the sellers of those properties achieved 93.95% to 95.92% of their asking price on average. Would you have expected larger concessions from sellers? I often refer to this list vs. sale price ratio as Numerical Motivation.

Seller Motivation; These moderate seller concessions of list price (or numerical motivation) figures in Dare and Currituck Counties could be attributed to several things. The first of those may likely be that sellers and their agents are carefully studying the market to determine an initial list price that is based on high quality comparable sales. As a result, buyers are generally agreeing with those values and finding comfort that the price they’ve negotiated is fair. Another reason for the close margins is most surely attributed to the motivation of many sellers in these coastal communities. More often than not, I encounter sellers who want to sell but do not necessarily need to sell. As a result, they enjoy the luxury of time and can scrutinize each offer as it’s presented. These sellers are less likely to jump on the first horse that comes down the trail. Instead they may patiently negotiate with the buyer until both parties achieve a meeting of the minds or step away from the table.

outer-banks-motivation-sellersNumerical Motivation; If you’re a buyer seeking a home in this marketplace ask your real estate professional to provide you with Numerical Motivation figures for both the community in which you’re looking as well as the type/size of home you hope to buy in that same community. Understanding nuances of a marketplace will help you prepare for the day when you say to your agent “I’m ready to make an offer”!


–blog provided by Wm. Allan Rodgers, Jr GRI, SRS – Broker Associate – CENTURY 21 Nachman Realty and Ocean to Sky Realty

 

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