1131 Gray Ct Unit lot 16 Corolla, NC 27927
Estimated payment $5,694/month
Total Views
74
5
Beds
5.5
Baths
2,686
Sq Ft
$372
Price per Sq Ft
Highlights
- Community Beach Access
- Clubhouse
- Game Room
- In Ground Pool
- Cathedral Ceiling
- Zoned Heating and Cooling System
About This Home
Just a Short Stroll to the Beach and Corolla’s Best Attractions
Located within the premier Corolla Light community, this beautifully updated home offers the perfect blend of comfort, convenience, and coastal charm. The location truly can’t be beat—just a five-minute walk to the beach and an easy stroll to local restaurants, shops, and the iconic Currituck Beach Lighthouse, visible right from your decks, the living room, and the master bedroom.
Key Updates:
• Fortified roof (2024)
• Composite pool decking (2023)
• New hot tub (2022)
• New pool heater (2021)
• New flooring (2025)
• Double new water heaters (2024)
• Mid-level workspace addition (2025)
Outdoor Living at Its Best
The private pool area is a true oasis, featuring ample seating for lounging or dining al fresco. Unwind in the hot tub or rinse off in the outdoor shower after a day at the beach—perfect for family fun and effortless entertaining.
Spacious and Inviting Interior
Step inside the lower level to find a thoughtful floor plan designed for comfort and recreation. The large game room includes a pool table, comfortable seating, and a fully equipped wet bar with a second refrigerator, sink, and microwave. This level also features a bunk room, full bath, and laundry area.
On the mid-level, you’ll find three generously sized bedrooms, each offering flexible bedding options, plus the newly added private workspace/office—ideal for remote work or last-minute virtual meetings. Expansive decks and screened porches provide peaceful spots for morning coffee or sunset cocktails, with partial lighthouse views.
The top level opens to a bright, open-concept great room filled with natural light with beautiful cherry hardwood floors —perfect for gatherings with family and friends. The spacious kitchen features modern appliances, a large island, and abundant seating, while the adjoining en suite bedroom offers a private bath and serene treetop views.
Strong Rental History & Unmatched Amenities
With consistent rentals and glowing guest reviews, this home is a turnkey rental goldmine for the right buyer, or keep it for your family’s personal use. Experience all that Corolla Light has to offer—seasonal trolley service, multiple pools, 10 tennis courts and pickleball courts, and one of the largest fitness centers on the Outer Banks.
Experience Corolla Light Living
From climbing the Currituck Lighthouse to exploring the historic Whalehead Club, enjoying the nearby Adventure Park, or simply relaxing poolside, Hook, Wine & Stinkers delivers the ultimate Outer Banks experience. Wide, clean beaches with gentle surf make this community especially family-friendly—often described as a “cruise ship on land.”
Adventure, relaxation, and lasting memories await in every direction.
Listing Agent
Coldwell Banker Seaside Realty KH Brokerage Phone: 252-619-1177 License #275425 Listed on: 10/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,892
Year Built
- Built in 2004
Lot Details
- 6,098 Sq Ft Lot
- Property fronts a private road
- Level Lot
- Property is zoned SFO
Parking
- Paved Parking
Home Design
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Wood Siding
- Piling Construction
Interior Spaces
- 2,686 Sq Ft Home
- Cathedral Ceiling
- Game Room
Kitchen
- Oven or Range
- Ice Maker
- Dishwasher
- Disposal
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, common insurance, management, pool, road maintenance, security, tennis courts, walkways
- Corolla Light Subdivision
Amenities
- Clubhouse
Recreation
- Community Beach Access
- Community Indoor Pool
Map
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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 | $4,892 | $607,000 | $192,500 | $414,500 |
| 2023 | $4,876 | $607,000 | $192,500 | $414,500 |
| 2022 | $3,637 | $607,000 | $192,500 | $414,500 |
| 2021 | $3,622 | $522,200 | $175,000 | $347,200 |
| 2020 | $3,041 | $522,200 | $175,000 | $347,200 |
| 2019 | $3,038 | $522,200 | $175,000 | $347,200 |
| 2018 | $3,038 | $522,200 | $175,000 | $347,200 |
| 2017 | $2,757 | $522,200 | $175,000 | $347,200 |
| 2016 | $2,757 | $522,200 | $175,000 | $347,200 |
| 2015 | $2,757 | $522,200 | $175,000 | $347,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $1,000,000 | -- | $372 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $610,000 | None Available | |
| Deed | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $488,000 | New Conventional |
Source: Public Records
About the Listing Agent
During my many years as a Property Manager, the scope of service that I provided for my clients broadened. I worked to help them expend their real estate portfolios and make smart purchasing decisions based off of data, projections and anticipated return. My goal is for clients to understand a home's full earning potential and assist in finding ways to make improvements while realizing the most on their return. Because of my background and local contacts, I remain involved in client's projects
Brook's Other Listings
-
$4,100,000 Pending
- 6 Beds
- 8 Baths
- 3,722 Sq Ft
- 1903 N Virginia Dare Trail
- Unit 18
- Kill Devil Hills, NC
Source: Outer Banks Association of REALTORS®
MLS Number: 130831
APN: 115B-000-0016-0000
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