# 1131 Gray Court, Corolla, NC 27927 > **TL;DR:** 5bd/6ba single family, $899,999 ($335/sqft), built 2004, 2,686 sqft. > Pool, Fireplace, A/C. Est. $9,163/mo. Listed 89 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $899,999 | | Price/sqft | $335 | | Bedrooms | 5 | | Bathrooms | 5 full, 1 half | | Square Feet | 2,686 | | Year Built | 2004 | | Lot Size | 6,098 sqft (0.14 acres) | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 89 | ## Why This Home Stands Out - **Pool** - Pool listed; type not specified ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,551 | | Estimated Insurance | $262 | | HOA | $4,350 | | **Total** | **$9,163** | ## Key Amenities - Pool - Fireplace - A/C ## Property Highlights - Built in 2004 - 0.14 acre lot - Private pool - Fireplace ## Description ### Agent Description Just a five-minute walk to the beach. No need to cross a busy highway or take the trolley-you'll enjoy effortless access to the sand and surf, while also being a short stroll to shops, dining, and the iconic Currituck Beach Lighthouse, visible from the decks, living room, and primary bedroom. This property is located in an X flood zone and does not require flood insurance. The ability to walk to a different restaurant each night, including some of the freshest seafood and finest dining on the Outer Banks, makes this property even more marketable for rentals. Generating nearly $60,000 in rental income for 2025, plus additional revenue from pool heat fees, this home is a consistent performer. While the current owners use the property for personal use-meaning a buyer could unlock even higher annual income by opening the full calendar. With consistent bookings, excellent guest reviews, and true turnkey condition, this is an outstanding opportunity for buyers focused on ROI. Recent upgrades include: Fortified roof (2024), composite pool decking (2023), hot tub (2022), pool heater (2021), new flooring (2025), dual water heaters (2024), and a mid-level workspace addition (2025). Painted front porch (2026). The private backyard is a standout feature, complete with pool, expansive composite decking, generous seating, hot tub, and outdoor shower-perfect for hosting gatherings or unwinding after the beach. The lower level is built for entertainment, with a game room, wet bar with second fridge, bunk room, full bath, and laundry. The mid-level offers three well-appointed bedrooms, flexible sleeping arrangements, and a private workspace-plus access to decks and screened porches with partial lighthouse views. Upstairs, the light-filled great room showcases cherry hardwood floors and an open-concept layout ideal for gathering. The kitchen features a large island, modern appliances, and ample seating, while the en suite bedroom provides a private retreat. Whether you're seeking a high-performing rental, a second home, or both, this property stands out with its proven income, upside potential, loving long-term care, and unbeatable location in Corolla Light. Why pay rent? ## Location - **Address:** 1131 Gray Court, Corolla, NC 27927 - **County:** Currituck - **Neighborhood:** Corolla Light - **Coordinates:** 36.372346, -75.827813 - **Google Maps:** https://www.google.com/maps?q=36.372346,-75.827813 ## Virtual Tour & Media - **Video Tour:** https://unbranded.youriguide.com/1131_gray_ct_corolla_nc ## Listing Agent - **Name:** Brook Sparks - **Brokerage:** Coldwell Banker Seaside Realty - **Broker Phone:** (252) 261-3800 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1131-Gray-Ct_Corolla_NC_27927_M52565-72106?f=listhub&s=OBARNC&m=133650&c=propsimple) ## Photos ![1131 Gray Court - Photo 1](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f928654888r.jpg) ![1131 Gray Court - Photo 2](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f3504235976r.jpg) ![1131 Gray Court - Photo 3](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1019787805r.jpg) ![1131 Gray Court - Photo 4](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1321454676r.jpg) ![1131 Gray Court - Photo 5](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2478090856r.jpg) ![1131 Gray Court - Photo 6](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2770892304r.jpg) ![1131 Gray Court - Photo 7](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1152620574r.jpg) ![1131 Gray Court - Photo 8](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f979385339r.jpg) ![1131 Gray Court - Photo 9](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1834267632r.jpg) ![1131 Gray Court - Photo 10](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2498842254r.jpg) ![1131 Gray Court - Photo 11](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1500685443r.jpg) ![1131 Gray Court - Photo 12](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f247069544r.jpg) ![1131 Gray Court - Photo 13](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f3223171954r.jpg) ![1131 Gray Court - Photo 14](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2031580385r.jpg) ![1131 Gray Court - Photo 15](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1774624749r.jpg) ![1131 Gray Court - Photo 16](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1387100004r.jpg) ![1131 Gray Court - Photo 17](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f3344992312r.jpg) ![1131 Gray Court - Photo 18](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1629677551r.jpg) ![1131 Gray Court - Photo 19](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f795282379r.jpg) ![1131 Gray Court - Photo 20](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1089747644r.jpg) ![1131 Gray Court - Photo 21](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1273938339r.jpg) ![1131 Gray Court - Photo 22](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f3424693965r.jpg) ![1131 Gray Court - Photo 23](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f845625642r.jpg) ![1131 Gray Court - Photo 24](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f373992942r.jpg) ![1131 Gray Court - Photo 25](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f853751997r.jpg) ![1131 Gray Court - Photo 26](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2678848662r.jpg) ![1131 Gray Court - Photo 27](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2826403428r.jpg) ![1131 Gray Court - Photo 28](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2457969809r.jpg) ![1131 Gray Court - Photo 29](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2126591801r.jpg) ![1131 Gray Court - Photo 30](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f4026509116r.jpg) ![1131 Gray Court - Photo 31](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f3944138459r.jpg) ![1131 Gray Court - Photo 32](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2391286354r.jpg) ![1131 Gray Court - Photo 33](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2926143579r.jpg) ![1131 Gray Court - Photo 34](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2255472036r.jpg) ![1131 Gray Court - Photo 35](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f172687870r.jpg) ![1131 Gray Court - Photo 36](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f4038022865r.jpg) ![1131 Gray Court - Photo 37](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2231071408r.jpg) ![1131 Gray Court - Photo 38](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f2951504749r.jpg) ![1131 Gray Court - Photo 39](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f598773825r.jpg) ![1131 Gray Court - Photo 40](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1342480005r.jpg) ![1131 Gray Court - Photo 41](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1321454676r.jpg) ![1131 Gray Court - Photo 42](http://lh.rdcpix.com/a1aa2ee58ab8e3e4d799b393641a21d2l-f1284501056r.jpg) --- **MLS#:** 133650 | **Updated:** 2026-11-01 **Source:** listhub *Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1131-gray-court-corolla-nc-27927-1e8e252b35dd4422bd621a0accf2ad62) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1131-gray-court-corolla-nc-27927-1e8e252b35dd4422bd621a0accf2ad62#listing", "url": "https://staging.propertysimple.ai/listing/1131-gray-court-corolla-nc-27927-1e8e252b35dd4422bd621a0accf2ad62", "name": "1131 Gray Court, Corolla, NC 27927", "description": "Just a five-minute walk to the beach. No need to cross a busy highway or take the trolley-you'll enjoy effortless access to the sand and surf, while also being a short stroll to shops, dining, and the iconic Currituck Beach Lighthouse, visible from the decks, living room, and primary bedroom. This property is located in an X flood zone and does not require flood insurance. The ability to walk to a different restaurant each night, including some of the freshest seafood and finest dining on the Outer Banks, makes this property even more marketable for rentals. Generating nearly $60,000 in rental income for 2025, plus additional revenue from pool heat fees, this home is a consistent performer. While the current owners use the property for personal use-meaning a buyer could unlock even higher annual income by opening the full calendar. With consistent bookings, excellent guest reviews, and true turnkey condition, this is an outstanding opportunity for buyers focused on ROI. Recent upgrades include: Fortified roof (2024), composite pool decking (2023), hot tub (2022), pool heater (2021), new flooring (2025), dual water heaters (2024), and a mid-level workspace addition (2025). Painted front porch (2026). The private backyard is a standout feature, complete with pool, expansive composite decking, generous seating, hot tub, and outdoor shower-perfect for hosting gatherings or unwinding after the beach. The lower level is built for entertainment, with a game room, wet bar with second fridge, bunk room, full bath, and laundry. The mid-level offers three well-appointed bedrooms, flexible sleeping arrangements, and a private workspace-plus access to decks and screened porches with partial lighthouse views. Upstairs, the light-filled great room showcases cherry hardwood floors and an open-concept layout ideal for gathering. The kitchen features a large island, modern appliances, and ample seating, while the en suite bedroom provides a private retreat. Whether you're seeking a high-performing rental, a second home, or both, this property stands out with its proven income, upside potential, loving long-term care, and unbeatable location in Corolla Light. 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