1118 Gray Ct Unit Lot 7 Corolla, NC 27927
Estimated payment $5,414/month
Highlights
- Very Popular Property
- In Ground Pool
- Coastal Architecture
- Community Beach Access
- Clubhouse
- Game Room
About This Home
Welcome to "Soak Up The Sun", a comfortable 5-bedroom, 4.5-bath beach house designed for comfort and convenience. Located in the heart of the award winning Corolla Light Resort, this home has easy access to the oceanfront pools, tennis courts and walkway to the beautiful beach. Easy walk to restaurants, shops, the Corolla Lighthouse and the Whalehead Club.
The top floor is where you will find the open great room, a well-equipped kitchen and dining for inviting living. The primary king bedroom with en-suite and its private deck are on this level. You'll find the den on the mid level offers some quiet time. The mid level also offers a queen bedroom with en-suite plus two additional bedrooms and a full bath. The ground level has the 5th bedroom and bath. The game room with wet bar from where you can step outside to the privacy of your own pool and hot tub add to the beachside charm. **Recent upgrades include a NEW ROOF in 2025, exterior paint in 2023 and LVT flooring in 2024**
Whether you're seeking a full-time residence, vacation getaway or an investment property, Soak Up The Sun offers a blend of comfort and location. Don't miss the opportunity to own this oceanside property in one of the Outer Banks' most sought after communities!
Listing Agent
Keller Williams - Outer Banks Brokerage Phone: 252-207-7773 License #126307 Listed on: 10/24/2025
Co-Listing Agent
Corolla Real Estate, LLC Brokerage Phone: 252-207-7773 License #190990
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,603
Year Built
- Built in 2002
Lot Details
- Property fronts a private road
- Cul-De-Sac
- Level Lot
- Property is zoned SFO
Home Design
- Coastal Architecture
- Reverse Style Home
- Frame Construction
- Wood Siding
- Concrete Fiber Board Siding
- Piling Construction
Interior Spaces
- 2,652 Sq Ft Home
- Wet Bar
- Entrance Foyer
- Game Room
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Parking
- Subterranean Parking
- Off-Street Parking
Pool
- In Ground Pool
- Fiberglass Pool
- Outdoor Pool
Utilities
- Zoned Heating
- Heat Pump System
- Municipal Utilities District Water
- Shared Septic
Community Details
Overview
- Association fees include electricity, common insurance, ground maintenance, 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 | $4,604 | $568,000 | $192,500 | $375,500 |
| 2023 | $4,588 | $568,000 | $192,500 | $375,500 |
| 2022 | $3,438 | $568,000 | $192,500 | $375,500 |
| 2021 | $3,423 | $479,500 | $175,000 | $304,500 |
| 2020 | $2,900 | $479,500 | $175,000 | $304,500 |
| 2019 | $2,892 | $479,500 | $175,000 | $304,500 |
| 2018 | $2,892 | $479,500 | $175,000 | $304,500 |
| 2017 | $2,632 | $479,500 | $175,000 | $304,500 |
| 2016 | $2,632 | $479,500 | $175,000 | $304,500 |
| 2015 | $2,632 | $479,500 | $175,000 | $304,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2025 10/24/25 | For Sale | $959,000 | -- | $362 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: Outer Banks Association of REALTORS®
MLS Number: 130890
APN: 115B-000-0007-0000
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