1131 Gray Court #LOT 16
Corolla, NC 27927
5
Bed
5.5
Bath
2,686Sqft
0.14Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Full Baths: 5 Half Baths: 1 -
Roofing Information
Asphalt -
Interior Features
Cathedral Ceiling(s), Pantry Roof: Asphalt Appliances: Range, Oven, Disposal, Dryer, Dishwasher, Washer -
Heating & Cooling
Has Heating: Yes Heating: Heat Pump, Central, Electric, Zoned Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Heat Pump, Zoned
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Building Information
Year Built: 2004 Building Area Total: 2686 Construction Materials: Frame, Wood Siding Patio And Porch Features: Screened, Deck Pool Features: Outdoor Pool, Association, In Ground, Private, Vinyl Private Pool: Yes
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Lot Information
Lot Size Acres: 0.14 Lot Size Square Feet: 6098 Lot Description: LevelProperty Information
Subdivision: Corolla Light Source Property Type: Residential MLS Area Minor: Corolla Oceanside Property SubType: Single Family Residence Property Age: 22
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Listing Price Information
Listing Price: $899999
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Tax Information
Parcel Number: 115B00000160000 Tax Year: 2025 Annual Tax: $4891.59
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Parking Information
PavedHomeowners Association InformationIncluded Fees: Electricity, Security Association Amenities: Pool, Clubhouse, Gated, Fitness Center
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Location Information
WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 101 Station One Lane #L.., Corolla, NC, 27927 | $11,000,000 | 9 | 10.5 | 10,967 | 10,967 SqFt |
| 265 Ballast Point #LOT .., Corolla, NC, 27927 | $4,500,000 | 8 | 7.5 | 5,942 | 5,942 SqFt |
| 385 Deep Neck Road, Corolla, NC, 27927 | $3,180,000 | 7 | 7.5 | 4,760 | 4,760 SqFt |
| 455 Pipsis Point Road #.., Corolla, NC, 27927 | $2,999,995 | 7 | 5.5 | 4,695 | 4,695 SqFt |
| 448 Myrtle Pond Road #L.., Corolla, NC, 27927 | $1,150,000 | 5 | 4.5 | 2,595 | 2,595 SqFt |
| 473 Island Lead Road #L.., Corolla, NC, 27927 | $1,366,250 | 6 | 5.5 | 3,184 | 3,184 SqFt |
| 547 Magnolia Court, Corolla, NC, 27927 | $715,000 | 3 | 3 | 2,031 | 2,031 SqFt |
| 504 Seashell Lane #LOT 94, Corolla, NC, 27927 | $1,350,000 | 6 | 5.5 | 2,874 | 2,874 SqFt |
| 528 Hunt Club Drive, Corolla, NC, 27927 | $1,595,000 | 4 | 3.5 | 3,172 | 3,172 SqFt |
| 545 Seashell Lane #LOT 73, Corolla, NC, 27927 | $625,000 | 4 | 2 | 1,570 | 1,570 SqFt |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of the Outer Banks Association of REALTORS®. IDX information is provided exclusively 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Outer Banks Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 08/30/2026 @ 18:46
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