1131 Gray Court, Lot 16 Corolla, NC 27927
5 Beds
6 Baths
2,686 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family - Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,686 sqft
Price per Sqft $335
Subdivision Corolla Light
MLS Listing ID 133650
Style Reverse Floor Plan
Bedrooms 5
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 2004
Tax Year 2025
Property Sub-Type Single Family - Detached
Property Description
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 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). Painted front porch (2026).
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 you're seeking a high-performing rental, a second home, or both, this property stands out with its proven income, upside potential, loving long-term care, and unbeatable location in Corolla Light. Why pay rent?
Location
State NC
County Currituck
Area Corolla Oceanside
Zoning SFO
Interior
Interior Features Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection
Heating Central, Electric, Heat Pump, Zoned
Appliance Disposal, Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
Exterior
Exterior Feature Cement Fiber Board, Lap Siding
Parking Features Carport
Pool Association Pool, In Ground, Private Pool, Vinyl
Waterfront Description More than 5th row
View Y/N No
Roof Type Asphalt/Fiber Shingle
Private Pool Yes
Building
Lot Description Level
Foundation Piling, Slab
Sewer Community Septic
Water Municipal
Others
Ownership Owned More than 12 Months
Virtual Tour https://unbranded.youriguide.com/1131_gray_ct_corolla_nc
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