1116 Gray Ct Unit Lot 6 Corolla, NC 27927
Corolla NeighborhoodEstimated payment $6,744/month
Highlights
- Community Beach Access
- Home Theater
- Second Refrigerator
- Ocean View
- In Ground Pool
- Clubhouse
About This Home
Welcome to the Tipsy Tuna – Your Luxurious OBX Getaway! This is the one you've been searching for. Nestled in the heart of Corolla Light, this home offers a spectacular blend of modern elegance, family-friendly amenities, and resort-style living, making it the ultimate destination for a luxurious beach getaway or a smart investment opportunity. This NEWLY RENOVATED 5-bedroom home provides everything you need for a relaxing vacation—whether you're seeking beach bliss, access to exclusive resort amenities, or the perfect space to gather with loved ones. 2023 rental income (27 stays - $137,932), 2024 rental income (in-season owner weeks taken by owner, limited season availability, 22 stays - $104,680). Just a 5-minute walk from the pristine beach, the Tipsy Tuna puts you within easy reach of Corolla's most sought-after attractions. Located in a X flood zone and elevated with beautiful views, this home is a proven rental investment. Enjoy full access to the Corolla Light Resort, where you'll find an oceanfront pool, a state-of-the-art fitness center, and a variety of sports courts for hours of fun and relaxation. Whether you’re lounging by the beach, swimming in the pool, or exploring the local shops and restaurants, this home is perfectly situated for all your Outer Banks adventures. Completely updated to provide a fresh, contemporary vibe, this home features all-new appliances, furniture, decor, and smart technology for a seamless and comfortable stay. A new roof, HVAC system, and kitchen with sleek granite countertops bring sophistication to every corner, while the stylish furnishings and smart TVs throughout ensure convenience and luxury for your entire group. NEW ROOF IN 2025, NEW pool fencing, NEW HVAC in 2024, AND NEW INTERIOR PAINT, NEW FURNITURE THROUGHOUT, NEW FLOORING, NEW APPLIANCES, NEW LIGHTING, AND MORE IN 2023. Be sure to request full list of updates.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,276
Year Built
- Built in 2002
Lot Details
- 9,148 Sq Ft Lot
- Cul-De-Sac
- Property is zoned SFO
Parking
- Paved Parking
Home Design
- Coastal Architecture
- Reverse Style Home
- Frame Construction
- Wood Siding
- Piling Construction
Interior Spaces
- 2,750 Sq Ft Home
- Wet Bar
- Cathedral Ceiling
- Home Theater
- Library
- Game Room
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Pool
Utilities
- Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Shared Septic
Community Details
Overview
- Association fees include electricity, management, pool, road maintenance, security, tennis courts, walkways
- Corolla Light Subdivision
Amenities
- Common Area
- Clubhouse
Recreation
- Community Boardwalk
- Community Beach Access
- Tennis Courts
- Indoor Tennis Courts
- Racquetball
- Community Playground
- Community Indoor Pool
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,946 | $618,500 | $192,500 | $426,000 |
| 2023 | $4,946 | $597,400 | $192,500 | $404,900 |
| 2022 | $3,586 | $597,400 | $192,500 | $404,900 |
| 2021 | $3,571 | $514,300 | $175,000 | $339,300 |
| 2020 | $3,095 | $514,300 | $175,000 | $339,300 |
| 2019 | $3,086 | $514,300 | $175,000 | $339,300 |
| 2018 | $3,086 | $514,300 | $175,000 | $339,300 |
| 2017 | $2,800 | $514,300 | $175,000 | $339,300 |
| 2016 | $2,800 | $514,300 | $175,000 | $339,300 |
| 2015 | $2,800 | $514,300 | $175,000 | $339,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $1,189,000 | -- | $432 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Casey & Robbins Pc | |
| Deed | $110,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $271,000 | New Conventional |
Source: Outer Banks Association of REALTORS®
MLS Number: 130218
APN: 115B-000-0006-0000
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