Welcome to ''Island Paradise.'' Step inside, escape the ordinary and immerse yourself in a realm of opulence within this 11,800 square foot 12-bedroom oceanfront retreat nestled in the highly coveted Pine Island Reserve community of Corolla. Built by renown local Outer Banks Builder Olin Finch, Island Paradise is perfectly designed to host family vacations or corporate retreats, and exhibits an established and consistent rental history. Tranquility and rejuvenation await you within these walls, while expansive composite decks grace the exterior, overlooking the Atlantic Ocean sunrises to the east and the scenic sunsets of the Currituck Sound/Audubon Nature Preserve to the west. Marvel at breathtaking panoramic ocean views on the third level, where an expansive open layout offers sweeping vistas from the ocean living area, dining space, and large screened-in porch. On this level you will also find three master bedrooms, a sunset lounge room with custom Boat Bar overlooking to Audubon Nature Preserve, a half-bathroom, and a convenient elevator access servicing all levels. The second level boasts six additional master bedrooms, with an Oceanfront Lounge offering a serene retreat to unwind or enjoy private moments with loved ones, all within arm''s reach of the coffee bar for refreshments. On the first floor, you''ll find three more master bedrooms along with world-class entertainment havens and a pool bar room. A Theater Room equipped with NEW luxurious leather power reclining seats awaits the movie lovers, while the Arcade Room offers new & old era classics like Pacman, Big Buck Hunter, etc. A rec room featuring a pool table, shuffleboard table and a spacious Sports-Bar-style bar area leads out to a remarkable outdoor sanctuary complete with a covered outdoor kitchen, NEW poolside Tiki Hut, a half-bathroom, dining area, and large screened in lounge. While the mesmerizing ocean beckons just steps away via a private walkway, the custom pool stands as a serene retreat in its own right. Soak up some sunshine in the shallow lounging zone, warm up in the infinity-edge spa, or swim up to the poolside bar and enjoy a refreshing beverage. Showcasing itself as a proven rental investment, this home accepts rental bookings more than 51 weeks in advance. Full list of updates available upon request.