Listing Courtesy of: OUTER BANKS ASSOCIATION OF REALTORS / Coldwell Banker Seaside Realty / Brook Sparks - Contact: C: 252-619-1177
1131 Gray Court Corolla, NC 27927
Active (145 Days)
$949,999 (USD)
Description
MLS #:
132207
132207
Taxes
$4,892(2025)
$4,892(2025)
Lot Size
6,098 SQFT
6,098 SQFT
Type
Single-Family Home
Single-Family Home
Year Built
2004
2004
Style
Reverse Floor Plan
Reverse Floor Plan
County
Currituck County
Currituck County
Listed By
Brook Sparks, Coldwell Banker Seaside Realty, Contact: C: 252-619-1177
Source
OUTER BANKS ASSOCIATION OF REALTORS
Last checked Mar 20 2026 at 1:03 AM GMT+0000
OUTER BANKS ASSOCIATION OF REALTORS
Last checked Mar 20 2026 at 1:03 AM GMT+0000
Bathroom Details
Interior Features
- Ice Maker Connection
- Washer Connection
- Cathedral Ceiling(s)
- Gas Fireplace
- Gas Connection
- Pantry
- Some Windows Treated
- Ensuite
Subdivision
- Corolla Light
Lot Information
- Level
Property Features
- Foundation: Piling
- Foundation: Slab
Heating and Cooling
- Central
- Heat Pump
- Zoned
Pool Information
- In Ground
- Association Pool
- Vinyl
- Private Pool
Exterior Features
- Cement Fiber Board
- Lap Siding
- Roof: Asphalt/Fiber Shingle
Utility Information
- Sewer: Community Septic
Garage
- Carport
Parking
- Paved
Living Area
- 2,686 sqft
Additional Information: Seaside Realty | C: 252-619-1177
Location
Disclaimer: Copyright 2026 Outer Banks Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/19/26 18:03
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 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 upgrades include: Fortified roof (2024), composite pool decking (2023), hot tub (2022), pool heater (2021), new flooring (2025), dual water heaters (2024), and a mid-level workspace addition (2025).
The private backyard is a standout feature, complete with pool, expansive composite decking, generous seating, hot tub, and outdoor shower—perfect for hosting gatherings or unwinding after the beach.
The lower level is built for entertainment, with a game room, wet bar with second fridge, bunk room, full bath, and laundry. The mid-level offers three well-appointed bedrooms, flexible sleeping arrangements, and a private workspace—plus access to decks and screened porches with partial lighthouse views.
Upstairs, the light-filled great room showcases cherry hardwood floors and an open-concept layout ideal for gathering. The kitchen features a large island, modern appliances, and ample seating, while the en suite bedroom provides a private retreat.
Whether seeking a high-performing rental, a second home, or both, this property stands out with its proven income, upside potential, and unbeatable location.