118 N BAUM TRAIL #LOT 2, DUCK, NC 27949

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118 N Baum Trail #Lot 2
Duck, NC 27949

$12,000,000

Beds: 12
Baths: 12 | 3
Sq. Ft.: 9,651
Type: House
Listing #124212
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.
Property Features
Location Information
County: Dare
MLS Area: Duck Oceanside
Latitude: 36.228067
Longitude: -75.772426
Subdivision: Palmer's Island
Directions: North on NC12 from Duck; Right on Baum Trail; Left on N. Baum Trail; Second home on the right.
Interior Features
Interior: 9' Ceilings, Bay/Bow Window, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry, Wet Bar, 1st Flr Ensuite
Full Baths: 12
1/2 Baths: 3
Optional Rooms: Home Theater
Heating: Central, Electric, Heat Pump, Zoned
Cooling: Central, Heat Pump, Zoned
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Freezer, Ice Machine, Microwave, Refrigerator, Washer, Wine Cooler, Wall Oven
Exterior Features
Style: Contemporary
Construction: Frame
Exterior: Shakes
Foundation: Piling
Roof: Wood Shingles
Water Source: Municipal
Septic or Sewer: Non Conventional Septic, Private Septic
Has Garage: Yes
Has a Pool: Yes
Pool Description: Concrete, In Ground, Private Pool
Lot Size in Acres: 1.01
Lot Size in Sq. Ft.: 44,155
Dimensions: 44, 165 sf (see survey)
Road Description: Paved, Private
Waterfront Description: Oceanfront
Has Ocean View: Yes
Additional Information
Property Type: SFR
Property SubType: Single Family - Detached
Year Built: 2018
Status: Active
Tax Year: 2023
Tax Amount: $28,913.81
Lease Terms: Weekly


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Seller's Representative: Ray Meiggs, Twiddy and Co. - Duck 252-457-1600
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Outer Banks - OBAR data last updated at April 16, 2024 6:22 PM ET