1123 Franklyn St Unit 101 Corolla, NC 27927
Corolla NeighborhoodEstimated payment $18,009/month
Total Views
4,158
6
Beds
8
Baths
4,648
Sq Ft
$678
Price per Sq Ft
Highlights
- Beach Front
- Ocean View
- Second Refrigerator
- Community Beach Access
- In Ground Pool
- Clubhouse
About This Home
Experience coastal living at its finest with this stunning 6-bedroom, 6-bath oceanfront home located in the highly desirable Corolla Light Resort. Boasting panoramic ocean views with plenty of dune protection, this property combines elegance, comfort, and impressive rental performance, generating $238,000 in 2025. This home is one of the very few oceanfront homes in Corolla Light to boast a private pool. Step inside to discover tasteful design elements throughout, including ceramic plank tile in the bedrooms, hardwood floors, and granite countertops. Set up as a reverse floor plan, this home features 6 spacious bedrooms (5 are primary en-suites) with private baths, including a top-level master suite with a whirlpool tub and stunning ocean views. Enjoy multiple decks, a great room with a gas fireplace, and a gourmet kitchen with a 6-burner range. The middle level features four beautifully appointed bedrooms and a cozy ocean-facing den, perfect for relaxing with a view. On the ground level, you'll find a spacious rec room complete with a pool table, wet bar, and full-size refrigerator for ultimate entertainment. A recently replaced brand new elevator adds convenience to every level, while the large 2-car garage provides ample storage for all your beach gear. Recent upgrades include two new HVAC systems installed in 2024, ensuring efficiency and peace of mind. This home has been meticulously maintained and thoughtfully updated for modern coastal living. Resort-style amenities await in Corolla Light include, but are not limited to, an Oceanside pool with an on-site restaurant, an Indoor fitness center, and basketball & pickleball courts. Don’t miss this opportunity to own a prime oceanfront retreat with strong income potential in one of the Outer Banks’ premier communities.
Listing Agent
Twiddy and Company - Corolla Brokerage Phone: 252-207-6143 License #288364 Listed on: 07/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,730
Year Built
- Built in 2004
Lot Details
- Beach Front
- Property fronts a private road
- Property is zoned SFO
Home Design
- Reverse Style Home
- Frame Construction
- Concrete Fiber Board Siding
- Piling Construction
Interior Spaces
- 4,648 Sq Ft Home
- Wet Bar
- Fireplace
- Game Room
- Ocean Views
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
- Second Refrigerator
- Second Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Soaking Tub
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Pool
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Shared Septic
Community Details
Overview
- Association fees include building maintenance, common insurance, ground maintenance, management, pool, sewer/septic, tennis courts, walkways
- Corolla Light Subdivision
Amenities
- Common Area
- Clubhouse
Recreation
- Community Beach Access
- Tennis Courts
- Racquetball
- Community Playground
- Community Indoor Pool
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $11,714 | $1,570,700 | $850,000 | $720,700 |
| 2023 | $11,714 | $1,570,700 | $850,000 | $720,700 |
| 2022 | $8,649 | $1,570,700 | $850,000 | $720,700 |
| 2021 | $8,615 | $1,524,200 | $950,000 | $574,200 |
| 2020 | $8,500 | $1,524,200 | $950,000 | $574,200 |
| 2019 | $8,500 | $1,524,200 | $950,000 | $574,200 |
| 2018 | $8,500 | $1,524,200 | $950,000 | $574,200 |
| 2017 | $7,704 | $1,524,200 | $950,000 | $574,200 |
| 2016 | $7,704 | $1,524,200 | $950,000 | $574,200 |
| 2015 | -- | $1,524,200 | $950,000 | $574,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | Pending | -- | -- | -- |
| 07/26/2025 07/26/25 | For Sale | $3,150,000 | -- | $678 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $9,025,000 | Attorney | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,300,000 | New Conventional | |
| Closed | $1,353,750 | New Conventional | |
| Previous Owner | $1,235,000 | New Conventional | |
| Previous Owner | $520,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Corolla, NC
Source: Outer Banks Association of REALTORS®
MLS Number: 130002
APN: 115B-000-0101-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 1133 Payson St Unit Lot 120
- 1150 Baldwin Ct Unit Lot 115
- 1114 Le-Bel St Unit 2
- 1130 Gray Ct Unit Lot 13
- 1116 Gray Ct Unit Lot 6
- 1143 Albemarle Ct Unit 681
- 1132 Ocracoke Ct Unit 673
- 1127 Brumsey Ct Unit lot 324
- 1129 Morris Dr Unit Lot 735
- 1093 Lighthouse Dr Unit Lot 4
- 1218 Coral Ln Unit Lot 4
- 1079 Whalehead Dr Unit Lot 31
- 1079 Whalehead Dr
- 1080-A Keepers Way Unit 1A
- 1072 Whalehead Dr Unit Lot 35
- 1066 Beacon Hill Dr Unit 10
- 1219 Bismark Dr Unit Lot 107
- 1073 Lighthouse Dr Unit Lot 2
- 1056 Beacon Hill Dr Unit 15
- 1208 Windance Ln Unit 102