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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
$899,999
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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#:133650
Source:NC_OBAR

Price summary

  • Price:$899,999
  • Price per sq. ft.:$335.07

About this home

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 consistent performer. While the current owners use the property for personal use—meaning a buyer could unlock even higher annual income by opening the full calendar. With consistent bookings, excellent guest reviews, and true turnkey condition, this is an outstanding opportunity for buyers focused on ROI. Recent...

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Home facts

  • Year built:2004
  • Subdivision & Development:Corolla Light
  • Listing ID #:133650
  • Added:20 day(s) ago
  • Updated:August 27, 2026 at 04:06 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:$899,999
  • Price per sq. ft.:$335.07
  • 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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