601 Schooner Ridge Unit Lot V Corolla, NC 27927
Estimated payment $9,924/month
Highlights
- Beach Front
- Ocean View
- Coastal Architecture
About This Home
Opportunity abounds at this oceanfront retreat in the sought-after Ocean Sands community of Corolla. This property offers exceptional flexibility, with confirmation that the lot can accommodate a 7-bedroom new construction home with a pool. A site plan has already been engineered and is available in the associated documents. Rental projections for a new 7-bedroom oceanfront home with a pool start around $200,000, making this an outstanding investment opportunity. The current 6-bedroom cottage has been cherished by the same family for three generations since 1980. It captures the simple Outer Banks lifestyle of yesteryear, when families would head to the coast for long weekends and summers spent watching children build sandcastles, playing in the waves, and ending the day with an outdoor shower, freshly picked crabs on the screened porch, and stargazing by the sea. For those who value the nostalgia of a traditional coastal cottage, this home offers the perfect chance to renovate and enjoy a classic beach retreat. Ideally located beside the community’s beach walkway, the property provides effortless access to the sand and surf just steps from your door. From sunrise views over the Atlantic to quiet walks or bike rides through Corolla’s peaceful streets, the setting embodies the best of coastal living. Nearby attractions include the historic Corolla Village, Currituck Beach Lighthouse, local shops, restaurants, and the famous wild horse tours that make this area so special. Whether you choose to restore the existing home or build anew, this oceanfront property offers endless potential, an unbeatable location, and the timeless appeal of Corolla living. Please note: An older-style metal spiral staircase provides access to the third level and is best suited for those in good health who can comfortably navigate stairs. Current tax records state 4 bedrooms. Owner is working with county to have record updated.
Listing Agent
Twiddy and Co. - Duck Brokerage Phone: 252-202-1122 License #240131 Listed on: 10/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,996
Year Built
- Built in 1980
Lot Details
- 5,400 Sq Ft Lot
- Beach Front
- Property fronts a private road
- Property is zoned SFO
Parking
- Paved Parking
Home Design
- Coastal Architecture
Interior Spaces
- 2,394 Sq Ft Home
- Ocean Views
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Municipal Utilities District Water
- Shared Septic
Community Details
- Association fees include common insurance, road maintenance, security, walkways
- Ocean Sands Subdivision
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 | $10,980 | $982,500 | $770,000 | $212,500 |
| 2023 | $10,980 | $982,500 | $770,000 | $212,500 |
| 2022 | $7,935 | $982,500 | $770,000 | $212,500 |
| 2021 | $6,873 | $884,900 | $700,000 | $184,900 |
| 2020 | $6,379 | $884,900 | $700,000 | $184,900 |
| 2019 | $6,379 | $884,900 | $700,000 | $184,900 |
| 2018 | $6,467 | $884,900 | $700,000 | $184,900 |
| 2017 | $6,005 | $884,900 | $700,000 | $184,900 |
| 2016 | $5,385 | $884,900 | $700,000 | $184,900 |
| 2015 | $4,943 | $884,900 | $700,000 | $184,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2025 10/12/25 | For Sale | $1,699,000 | -- | $710 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Credit Line Revolving | |
| Closed | $450,000 | Credit Line Revolving |
Source: Outer Banks Association of REALTORS®
MLS Number: 130747
APN: 126A-000-000V-000E
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