Shore Realty Logo
800-647-1868

Listing Details For 1131 Gray Court in Corolla

Asking Price:
$1,000,000
1131 Gray Court, Corolla, NC 27927
5 bd
5 ba
0 sq ft
MLS #: 130831
Status: Active

Listing Information

Area: Corolla Oceanside
Mls Status: Active
Listing Price: $1,000,000
Original Listing Price: $1,000,000
Short Sale: No
Price Date: 10/22/2025
Furnishing Available: Yes
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2686
Total Living Area Sq Ft: 2686
Asking Price Per SqFt: $372.00
BedroomsTotal: 5
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2004
Garage: Carport
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Disposal, Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, In Ground, Private, Vinyl
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Central, Electric, Heat Pump, Zoned
Room Type: Game Room
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Corolla Light
Deed Book: 1553
Deed Book Page Number: 346
County Pin Number: 115B00000160000
Price Change: 10/21/2025
Road Surface: Paved, Private
Association Amenities: Clubhouse, Gated, Fitness Center, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool

Lot Details

Land Tax Value: $192,500.00
Total Assessed Value: $627,725.00
Lot Size Acres: 0.14
Lot Size Square Feet: 6098
Lot Features: Level
Waterfront: More than 5th row
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2025
Annual Property Taxes: $4,892.00
Insurance Expenses: $NaN
Home Owner Insurance Expense: $NaN
Flood Insurance Expense: $NaN
Water Source: Municipal
Yearly Water Expense: $NaN
Contract Status Change Date: 10/22/2025
Estimated Annual Fee Amt: $4,350.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Lap Siding,Cement Fiber Board
HashTag of Units: 0
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Screened Porch,Smoke Detector(s),Sun Deck
Fuel Tanks: None
HOA Contact Name: Corolla Light
Primary Residence: No
HOA Contact Info: 252.453.2455

Rental Income

There is no rental income information available for this property.

Listing Agent Remarks

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.

Directions

(none)

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 1131 Gray Court in Corolla is provided courtesy of Coldwell Banker Seaside Realty KH C: 252-619-1177. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 1131 Gray Court in Corolla is no longer available for sale.

Looking for more info about this property or another OBX properties?

We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.
Level of Interest
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)