502 Magnolia Way, Corolla, NC 27927
Local realty services provided by:CENTURY 21 Nachman Realty
Listed by: the myatt group team, terry blocher
Office: keller williams - outer banks
MLS#:131429
Source:NC_OBAR
Price summary
- Price:$889,000
- Price per sq. ft.:$307.19
About this home
Set on the soundfront in The Currituck Club’s Magnolia Bay community, this 4-bedroom (two en suite), 3.5-bath home offers approximately 2,895 square feet of living space with sweeping sound views and unforgettable sunsets. The floor plan is more open than most Magnolia Bay homes, allowing light and water views to carry naturally through the main living areas, kitchen, and dining spaces. Cathedral ceilings, generous room sizes, and multiple dining areas create a home that lives comfortably while staying closely connected to the soundfront setting. The property has been rented only sparingly and is presented in pristine, turn-key condition. Recent improvements include a newer roof, HVAC systems, hot tub, and water heater. The ground level makes a strong first impression, with a large entryway and open sightlines that immediately draw the eye to the sound beyond. Heated ceramic tile flooring runs throughout this level, a rare and valuable feature that enhances year-round comfort and usability. The main level serves as the heart of the home, where openness and views take center stage. A spacious living area with cathedral ceilings and a gas fireplace is framed by expansive windows that capture broad sound views and vibrant sunsets. Deck access extends the living space outdoors and reinforces the home’s connection to its waterfront setting. The kitchen is both functional and inviting, featuring stainless-steel appliances, granite countertops, and ample cabinetry, all complemented by sound views. The breakfast nook and bar seating offer a relaxed, casual dining space overlooking the water, while the dedicated dining room provides a more formal setting for gatherings. Also on this level is a generously sized primary en suite with beautiful sound views. A custom-tiled gas fireplace adds warmth and architectural interest to the bedroom, while the private bath- finished with custom tile, a separate shower, and a jetted tub- along with a walk-in closet, completes a true retreat. A laundry/pantry room and conveniently located half bath complete this floor without interrupting the home’s open flow. The upper level offers three additional spacious bedrooms, including a second en suite with sound views and a distinctive double-sided fireplace shared between the bedroom and the private bath. Two additional guest rooms share a full hall bath, creating a comfortable and practical arrangement for family and guests. Outdoor living is a defining feature of the home. The soundfront sun deck offers panoramic water views, dramatic sunsets, and expansive night skies ideal for stargazing. A private hot tub invites evening relaxation, while the adjacent patio provides additional space for dining, gathering, or enjoying time outdoors. Summer days and evenings are especially well suited to this setting, whether entertaining, unwinding, or simply taking in the quiet beauty of the sound. The home’s location within The Currituck Club further enhances its appeal. Positioned near the southern gate, it offers convenient access in and out of the community and is just moments from the Magnolia Bay pool and trolley stop. Owners and guests enjoy access to golf, pools, tennis, fitness facilities, beach access, and seasonal trolley service, all while remaining close to the shops, dining, and attractions of Corolla. With its soundfront setting, open and well-designed floor plan, strong water views throughout the home, and exceptional condition, this property checks every box buyers seek in a primary residence or second home. While it has been rented only sparingly, opening the calendar could unlock meaningful vacation income potential. Combined with its location, views, features, and access to The Currituck Club’s amenities, this home offers long-term value and versatility in one of Corolla’s most desirable communities.
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Home facts
- Year built:1997
- Listing ID #:131429
- Added:2 day(s) ago
- Updated:January 10, 2026 at 04:15 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Living area:2,894 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Electric, Heat Pump
Structure and exterior
- Roof:Asphalt/Fiber Shingle
- Year built:1997
- Building area:2,894 sq. ft.
Utilities
- Water:Municipal
- Sewer:Community Septic
Finances and disclosures
- Price:$889,000
- Price per sq. ft.:$307.19
- Tax amount:$3,928
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