Natashia Heinrich

Real Estate Agent
License# 0225240531

1131 Gray Court #Lot 16, Corolla, NC 27927

 (Sold on )

$899,999

  • Open House
  • New Listing
  • Price Reduced
  • Active
-1 More Schedule
  • 5 BedroomBeds
  • 6 BathroomBaths
  • 2,686Sqft
  • 0Acres
  • Single FamilyType
  • 133650MLS#
-1 More Schedule

Property Description

Just a five-minute walk to the beach. No need to cross a busy highway or take the trolleyyoull 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 usemeaning 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 showerperfect 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 workspaceplus 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 youre 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?

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Property Details 1131 Gray Court #Lot 16, Corolla, NC 27927

Facts & Features

  • MLS #: 133650
  • Status: Active
  • Date Listed: 08/06/2026
  • Type: Single Family
  • Sub Type: Single Family Residence
  • Year Built: 2004
  • Style: Reverse Floor Plan
  • Price: $899,999
  • Acres: 0.14
  • Area: Corolla Oceanside
  • County: Currituck
  • Subdivision: Corolla Light
  • Bedrooms: 5
  • Bathrooms: 6
  • Full Baths: 5
  • Half Baths: 1
  • Total SqFt: 2,686

Amenities

  • Amenities: Clubhouse, Gated, Fitness Center, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool
  • Parking: Paved
  • Garage Type: Carport
  • Waterfront Type: Municipal
  • Pool: Yes
  • Pool Type: In Ground, Vinyl, Private, Association

Interior

  • Interior Features: Cathedral Ceiling(s), , Pantry
  • Appliances: Disposal, Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Heating: Central, Electric, Heat Pump, Zoned
  • Cooling: Central Air, Heat Pump, Zoned

Exterior

  • Exterior Features: Lap Siding, Cement Fiber Board
  • Lot Description: Level
  • Roof: Asphalt
  • Construction: Frame, Wood Siding

Additional Information

  • Zoning: SFO

Tax Information

  • Tax: $4,892

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