This 4 bedroom (2 are masters) 3.5 bath home is located in the low maintenance community of Magnolia Bay within The Currituck Club. In an X Flood Zone (no flood insurance required) and just a short walk to the beautiful Corolla Beaches, the community pool and tennis courts. This one-owner RENTAL MACHINE currently has over $57,000 in 2021, and generated $46,733 in rental income in 2020. Enjoy the light and airy reverse floor living with an open concept and functional layout. The top level features a great room with plenty of gathering spaces, a cathedral ceiling, gas fireplace, a spacious kitchen with ample counter space, eat-in bar, a brand new dishwasher, a large pantry, generous decks on the east and west side, a powder bath, and a master suite with a private bath. The east deck overlooks the private pool and common space that will never be obstructed. A perfect place to sip morning coffee or evening cocktails. The west deck is covered and is ideal for those rainy or hot summer afternoons. The enormous master bedroom has high ceilings, a private deck access, walk-in closet, and bath with double vanity, jet tub, separate shower, and water closet. The lower level includes a large two-story front entry, 3 bedrooms, one is a 2nd master suite with private deck access and a shared full bath, washer/dryer, and a 1 car garage that currently has a ping pong table perfect for rainy days, or game night after a family dinner. Recent improvements include; 2020: recent pool resurface, top level deck, pool fence, hot tub, and new HVAC for the upper level; 2018: HVAC for the lower level installed. 2021: some new outdoor furniture from Carolina Casuals 2021, new dishwasher 4/21. Magnolia Bay is located at the south end of the The Currituck Club, just a short walk or golf cart ride to the community beach access. Landscaping and yard maintenance are included in the Association Dues. So Just sit back, relax and enjoy your family, the beach and/or golf. If you would like to take the trolley to the beach during the in-season, the trolley stop is just steps from your home. The Currituck Club is one of the few gated communities in Corolla and offers exclusivity and an extra element of security. Additionally, it's is a prestigious neighborhood in Corolla and it is home to the Premier Reese Jones18 hole Championship Golf Course with gorgeous landscaping and lots of amenities such as: Fitness Center, Pro Shop, full service Grill, 5 community pools, 7 Tennis Courts, Basketball Courts, Volley Ball, Shuffleboard, Playground, Gated Community, lighted Pedestrian walkways & Bike paths, plus In-Season Shuttle to the 4th Top ranked Beach in the US, voted by Huffington Post. If you are looking for a a home with great rental income, in a quite gorgeous community and with short walk to the beach, then this is the home for you. Sellers haven't opened 2022 Calendar yet, so no Income.