1118 Gray Ct, Corolla, NC 27927
Property image
Property image
FOR SALE

$899,000

Original price: $913,000
  • 5 Beds
  • 5 Baths
  • 2,498 sqft

1118 Gray Ct, Corolla, NC 27927

Est. Mortgage $5,205/mo*
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Home Highlights

Single-Family Home
Built in 2002
$360/sqft

Local Information

  • Map ViewExplore the area around 1118 Gray Ct.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Welcome to "Soak Up The Sun", a comfortable 5-bedroom, 4.5-bath beach house designed for comfort and convenience. Located in the heart of the award winning Corolla Light Resort, this home has easy access to the oceanfront pools, tennis courts and walkway to the beautiful beach. Easy walk to restaurants, shops, the Corolla Lighthouse and the Whalehead Club.

The top floor is where you will find the open great room, a well-equipped kitchen and dining for inviting living. The primary king bedroom with en-suite and its private deck are on this level. You'll find the den on the mid level offers some quiet time. The mid level also offers a queen bedroom with en-suite plus two additional bedrooms and a full bath. The ground level has the 5th bedroom and bath. The game room with wet bar from where you can step outside to the privacy of your own pool and hot tub add to the beachside charm. **Recent upgrades include a NEW ROOF in 2025, exterior paint in 2023 and LVT flooring in 2024**

Whether you're seeking a full-time residence, vacation getaway or an investment property, Soak Up The Sun offers a blend of comfort and location. Don't miss the opportunity to own this oceanside property in one of the Outer Banks' most sought after communities!
Last check for updates: about 1 hour ago
Listing courtesy of Eddie Kavanaugh, (252) 207-7773
Keller Williams Outer Banks KDH
Denise Graham, (252) 202-2173
Keller Williams Outer Banks KDH
Source: OBAR, MLS#130890
Also Listed on OBAR.

Home Details for 1118 Gray Ct

Interior Features

Interior Details
Wet Bar
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5Number of Bathrooms (full): 4Number of Bathrooms (partial): 1
Dimensions and Layout
Living Area: 2498 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, WasherDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Heat Pump,ZonedHas CoolingAir Conditioning: Heat Pump,ZonedHas HeatingHeating Fuel: Heat Pump
Windows, Doors, Floors & Walls
Flooring: Carpet, Tile
Levels, Entrance, & Accessibility
Floors: Carpet, Tile
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Pillar/Post/PierHas a Private Pool
Parking & Garage
Other Parking: Garage: NoneNo CarportNo GarageNo Attached GarageParking: Off Street,Underground
Pool
Pool: In Ground, Fiberglass, Private, AssociationPool
Frontage
Waterfront: NoneRoad Frontage: Private RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Shared Septic

Days on Market

Cumulative Days on Market: 255Days on Market: 180+

Property Information

Year Built
Year Built: 2002
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialArchitecture: Reverse Floor Plan,Coastal
Building
Construction Materials: Frame, Wood Siding, Cement Fiber Board

Price & Status

Price
List Price: $899,000Price Per Sqft: $360
Status Change & Dates
Possession Timing: Subject To Tenant Rights

Active Status

MLS Status: (10) Active - Active

Location

Direction & Address
City: CorollaCommunity: Corolla Light

Agent Information

Listing Agent
Listing ID: 130890

Building

Building Area
Building Area: 2498 Square Feet

HOA

HOA Fee Includes: Electricity, Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, WalkwaysHas an HOA

Documents

Disclaimer: Rental Income estimates vary from firm to firm and may include money that does not go to the owner, such as cleaning fees, administrative charges or services. Buyers are encouraged to investigate how rates, fees, commissions, regulations and policies apply to specific properties before expiration of the due diligence period. It is the buyer's responsibility to determine and execute a rental management contract that best suits their needs. VRBO, Air BnB and similar rent by owner websites are handled differently. Consult legal counsel regarding rental disbursement. Additionally, the Buyer is ad

Offer

Listing Agreement Type: Exclusive Right To Sell

Business

Business Information
Ownership: Owned More than 12 Months

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 130890

Additional Information

HOA Amenities: Clubhouse,Fitness Center,Indoor Pool,Tennis Court(s),Ocean Access,Pool,Playground,Racquetball,Sound Access,Board Walk,Common Area

Around this home

What Locals Say about Corolla

At least 23 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 88 % Say it's dog friendly

  • 76 % Say kids play outside

  • 75 % Say parking is easy

  • 75 % Say people would walk alone at night

  • 72 % Say it's quiet

  • 71 % Say yards are well-kept

  • 61 % Say there's holiday spirit

  • 56 % Say there's wildlife

  • 55 % Say they plan to stay for at least 5 years

  • 50 % Say it's walkable to restaurants

  • 45 % Say there are sidewalks

  • 41 % Say it's walkable to grocery stores

  • 37 % Say there are community events

  • 36 % Say neighbors are friendly

  • 26 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Samantha Miller
    "Remote commute have to drive by 4x4 on the beach there is no way to drive by small car whatsoever I would say"
    0
    Flag
  • Maria A.
    "We are visitors to the area for vacationing. Traffic is much with one road in and one road out during the in season. Out of season is a blessing."
    0
    Flag
  • Jengraham27
    "This is mostly a rental community on the beach. There are lots of fun things to rent like bikes and water sports toys. "
    1
    Flag
  • Gretahipps
    "Always something going on. Each holiday or school lemon aid stand. Yoga on the lawn. Trunk or treat. Lighthouse climb. Beach clean up or locals night at the beer garden. Potluck church or open house at the whalehead Club"
    2
    Flag
  • Kristina_k_79
    "It’s a great place for dogs but make sure they are on a leash. The sidewalks are nice and the roads are nice just to make sure you bring something to pick up your dog Pooh. And when crossing the streets make sure you look for cars with your animals because you have to cross the street a couple times to get to the beach"
    2
    Flag
  • Starmanwb
    "This is the most desirable neighborhood you could ask for. It is the historic Village of Corolla. So quaint, so unique and well done. Historic lighthouse, sand roads, cute shops and fabulous neighbors as well as a great beach make this place so special."
    8
    Flag
  • Jonathon_robertson
    "I like it...it is safe and it’s a quiet community...clean beaches and lots of restaurants and things to do in area"
    0
    Flag
  • obxtkn2
    "It is one of my favorite areas in the country, beautiful and relaxing with plenty of things to do if you're not content to just hang on the beautiful beach all day--Wonderful!"
    0
    Flag
  • Twalkerw
    "Relatively quiet except for the middle of summer, this area is a little harder to get to, which keeps the crowds and strip malls away for the most part. The beaches are great, it's very safe, there are all types and varieties of houses for rent, there is planty to do and many great restaurants in the area."
    0
    Flag
  • Lisa
    "We've been taking the family here for 9 years and finally bought our own place here, that's how much we like it. I don't know about the schools since it's a vacation place. The traffic is tough on the weekends but that's about the only negative thing I can think of. "
    0
    Flag

Market trends in Corolla

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$847K
$83.5KMoM
Sale-to-List Price
—
Price per sq ft
$342
$20MoM
Available listings
214
40MoM

Home Value

Trulia Estimate
$929K
Since last month
Increased$1K (+0.2%)
Since last year
Increased$6K (+0.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +54% in the last 10 years
MonthEstimated value
2026
September 2026$925K
August 2026$923K
July 2026$931K
June 2026$927K
May 2026$940K
April 2026$932K
March 2026$924K
February 2026$936K
January 2026$917K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1120 Gray Ct #8, Corolla, NC
0.02
Single-Family Home
$925,000
06/29/26
5
4
2,679
1127 Brumsey Ct #324, Corolla, NC
0.08
Single-Family Home
$739,000
01/08/26
4
4
2,414
1114 Le Bel St #2, Corolla, NC
0.19
Single-Family Home
$799,000
03/20/26
5
5
2,964
1112 Morris Dr #709, Corolla, NC
0.21
Single-Family Home
$852,000
04/29/26
5
5
2,132
1138 Austin St #342, Corolla, NC
0.13
Single-Family Home
$1,422,500
05/13/26
5
5
4,213
1082 Corolla Dr #64, Corolla, NC
0.30
Single-Family Home
$995,000
12/16/25
5
5
2,711

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1120 Gray Ct #8, Corolla, NC 27927
0.02
$925,000
5
4
2,679
Recently Sold
1115 Austin St #318, Corolla, NC 27927
0.07
$759,000
6
4
2,390
For Sale
1127 Brumsey Ct #324, Corolla, NC 27927
0.08
$739,000
4
3
2,414
Recently Sold
1143 Albemarle Ct #681, Corolla, NC 27927
0.06
$773,000
4
3
2,211
Off Market
1111 Austin St #316, Corolla, NC 27927
0.09
$1,099,999
5
4
2,959
For Sale
1131 Gray Ct #16, Corolla, NC 27927
0.08
$899,999
5
5
2,686
For Sale
1109 Austin St #315, Corolla, NC 27927
0.11
$899,999
6
4
2,939
For Sale
1130 Hatteras Ct #651, Corolla, NC 27927
0.09
$750,000
4
3
2,079
For Sale
1131 Morris Dr, Corolla, NC 27927
0.11
$999,000
6
5
3,072
For Sale
1136 Morris Dr, Corolla, NC 27927
0.12
$856,200
4
4
2,716
Off Market
1127 Bodie Ct #623, Corolla, NC 27927
0.09
$702,800
4
3
-
Off Market

Price and Tax history

DateEventPrice
Aug 6, 2026
Source: OBAR #130890
PriceChange
$899,000
Price decreased by 2%
May 7, 2026
Source: OBAR #130890
PriceChange
$913,000
Price decreased by 1%
Mar 24, 2026
Source: OBAR #130890
PriceChange
$925,000
Price decreased by 1%
Dec 16, 2025
Source: OBAR #130890
PriceChange
$935,000
Price decreased by 3%
Oct 25, 2025
Source: OBAR #130890
Listed For Sale
$959,000

LGBTQ Local Legal Protections

Eddie Kavanaugh, Keller Williams Outer Banks KDH
Agent Phone: (252) 207-7773
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.

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Frequently asked questions about 1118 Gray Ct

  • What is the estimated monthly payment for 1118 Gray Ct?
    Based on a $899,000 list price with 20% down at today's rates, the estimated monthly payment for 1118 Gray Ct in Corolla, NC is approximately $5,288 (about $4,868 principal & interest, $345 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1118 Gray Ct compare to homes in Corolla?
    1118 Gray Ct in Corolla, NC is listed at $899,000, about 6% above the $847K median sale price in Corolla.
  • What do residents say about Corolla?
    Residents describe Corolla, NC as dog-friendly, easy to park in, and quiet. Most residents say you need a car. See homes for sale in Corolla, NC.
  • What are the closest schools to 1118 Gray Ct?
    The closest schools to 1118 Gray Ct in Corolla, NC are Currituck County High (rated 4/10), Currituck County Middle (rated 5/10), Knotts Island Elementary (rated 9/10).
  • Does 1118 Gray Ct have air conditioning?
    Yes, 1118 Gray Ct in Corolla, NC has air conditioning.
  • Does 1118 Gray Ct have a pool?
    Yes, 1118 Gray Ct in Corolla, NC has a pool.
1118 Gray Ct, Corolla, NC 27927 is a 5 bedroom, 5 bathroom, 2,498 sqft single-family home built in 2002. This property is currently available for sale and was listed by OBAR on Oct 25, 2025. The MLS # for this home is MLS# 130890.