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A rare opportunity to own a coastal cottage on 3.35 acres with 146' of ocean frontage. This unique location is in the 4wd area of Corolla, where the wild horses roam. The two-story home features beamed cathedral ceilings, walls of windows, hardwood floors, large kitchen with stainless steel appliances, fireplace, garage and a large heated salt water pool. A crow's nest top deck showcases amazing views of the ocean, the sound, historic Penny's Hill and even the Corolla lighthouse. There's a steam room and a sauna on the ground level, along with an open room, a full bathroom, a laundry space and a door that opens to the screened porch and pool area. Stairs take you to the top level that is one big open-concept area, with kitchen, living space and space that the owner used as a bedroom. There are his and hers closets, and his and hers full bathrooms on this level. There's also a dumb-waiter from this level to the ground level, for laundry/groceries/etc. Ample ocean-facing and sound-facing decking provides so many views and ways for outdoor living and entertaining! Open the windows and doors and let the salt breeze flow through. This is a truly unique property that allows you to experience the beauty of the Outer Banks in a peaceful setting. Approximately a mile from the paved access road. X-flood zone, so flood insurance is not required! Septic capacity for a 3 bedroom home, and it would be easy to modify the current layout to delineate another bedroom. Priced nearly 195k below tax value b/c of the unique layout! This is a fantastic opportunity.