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1131 Gray Court, Corolla, NC 27927

Corolla
Local realty services provided by:CENTURY 21 Nachman Realty
1131 Gray Court,Corolla, NC 27927
$949,999
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  • 5 Beds
  • 6 Baths
  • 2,686 sq. ft.
  • Single family
  • Active
Listed by: brook sparks
Office: coldwell banker seaside realty kh
MLS#:132207
Source:NC_OBAR

Price summary

  • Price:$949,999
  • Price per sq. ft.:$353.69

About this home

Located in the highly sought-after Corolla Light community—renowned for its modern amenities and prime location—this beautifully updated home blends lifestyle and exceptional income potential. Just a five-minute walk to the beach—no need to cross a busy highway or take the trolley—you’ll enjoy effortless access to the sand and surf, while also being a short stroll to shops, dining, and the iconic Currituck Beach Lighthouse, visible from the decks, living room, and primary bedroom. This property is located in an X flood zone and does not require flood insurance. The ability to walk to a different restaurant each night, including some of the freshest seafood and finest dining on the Outer Banks, makes this property even more marketable for rentals. Generating nearly $60,000 in rental income for 2025, plus additional revenue from pool heat fees, this home is a proven performer. The current owners reserve several high-demand weeks for personal use—meaning a buyer could unlock even...

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Home facts

  • Year built:2004
  • Listing ID #:132207
  • Added:15 day(s) ago
  • Updated:April 03, 2026 at 03:33 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:6
  • Full bathrooms:5
  • Kitchen Description:Dishwasher, Disposal, Range/Oven, Refrigerator w/Ice Maker
  • Living area:2,686 sq. ft.

Heating and cooling

  • Cooling:Central, Heat Pump, Zoned
  • Heating:Central, Electric, Heat Pump, Zoned

Structure and exterior

  • Roof:Asphalt/Fiber Shingle
  • Year built:2004
  • Building area:2,686 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Level
  • Architectural Style:Reverse Floor Plan
  • Construction Materials:Cement Fiber Board, Lap Siding
  • Exterior Features:Landscaped, Outside Lighting, Outside Shower
  • Foundation Description:Frame, Piling, Slab, Wood

Utilities

  • Water:Municipal
  • Sewer:Community Septic

Finances and disclosures

  • Price:$949,999
  • Price per sq. ft.:$353.69
  • Tax amount:$4,892

Features and amenities

  • Appliances:Range/Oven, Refrigerator w/Ice Maker, Washer
  • Laundry features:Washer
  • Amenities:Cathedral Ceiling(s), Ceiling Fan(s), Clubhouse, Covered Decks, Gas Connection, Gated Community, Health Club, Hot Tub, Ice Maker Connection, Indoor-Comm. Pool, Jet Tub, Ocean Access, Outdoor-Comm. Pool, Pantry, Screened Porch, Smoke Detector(s), Some Windows Treated, Sun Deck, Washer Connection
  • Pool features:Association Pool, In Ground, Private Pool, Private and Association, Vinyl

Parking

  • Parking description:Carport, Paved

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