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!
For sale
Price cut: $14K (8/6)
$899,000
1118 Gray Ct, Corolla, NC 27927
5beds
2,498sqft
Single Family Residence, Residential
Built in 2002
-- sqft lot
$869,200 Zestimate®
$360/sqft
$-- HOA
What's special
- 308 days
- 55
- 3
Zillow last checked:
Listing updated:
Listed by:
Eddie Kavanaugh 252-207-7773,
Keller Williams Outer Banks KDH,
Denise Graham 252-202-2173,
Keller Williams Outer Banks KDH
Source: OBAR,MLS#: 130890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- Partial bathrooms: 1
Rooms
- Room types: Game Room, Shipswatch
Heating
- Heat Pump, Zoned
Cooling
- Heat Pump, Zoned
Appliances
- Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Features
- Wet Bar, Entrance Foyer
- Flooring: Carpet, Tile
- Furnished: Yes
Interior area
- Total structure area: 2,498
- Total interior livable area: 2,498 sqft
Property
Parking
- Parking features: Off Street, Underground
- Details: Garage: None
Features
- Has private pool: Yes
- Pool features: In Ground, Fiberglass, Private, Association
- Waterfront features: None
Lot
- Features: Cul-De-Sac, Level
Details
- Parcel number: 115B00000070000
- Zoning: SFO
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Reverse Floor Plan,Coastal
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Wood Siding, Cement Fiber Board
- Foundation: Pillar/Post/Pier
- Roof: Asphalt
Condition
- Year built: 2002
Utilities & green energy
- Sewer: Shared Septic
- Water: Public
Community & HOA
Community
- Subdivision: Corolla Light
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Fitness Center, Indoor Pool, Tennis Court(s), Ocean Access, Pool, Playground, Racquetball, Sound Access, Board Walk, Common Area
- Services included: Electricity, Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Location
- Region: Corolla
Financial & listing details
- Price per square foot: $360/sqft
- Tax assessed value: $568,000
- Annual tax amount: $4,603
- Date on market: 10/25/2025
- Cumulative days on market: 257 days
- Listing agreement: Exclusive Right To Sell
- Ownership: Owned More than 12 Months
- Lease term: Weekly
- Road surface type: Paved
Estimated market value
$869,200
$826,000 - $913,000
$3,864/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $899,000-1.5%$360/sqft |
Source:  OBAR #130890 Report a problem | ||
| 5/7/2026 | Price change | $913,000-1.3%$365/sqft |
Source: OBAR #130890 Report a problem | ||
| 3/24/2026 | Price change | $925,000-1.1%$370/sqft |
Source: OBAR #130890 Report a problem | ||
| 12/16/2025 | Price change | $935,000-2.5%$374/sqft |
Source: OBAR #130890 Report a problem | ||
| 10/25/2025 | Listed for sale | $959,000+66.8%$384/sqft |
Source: OBAR #130890 Report a problem | ||
| 2/6/2015 | Listing removed | $575,000$230/sqft |
Source: Corolla Real Estate #79785 Report a problem | ||
| 9/20/2014 | Price change | $575,000-4%$230/sqft |
Source: Corolla Real Estate #79785 Report a problem | ||
| 3/22/2014 | Price change | $599,000-2.6%$240/sqft |
Source: Corolla Real Estate #79785 Report a problem | ||
| 10/26/2013 | Price change | $615,000-5.4%$246/sqft |
Source: Corolla Real Estate #79785 Report a problem | ||
| 7/13/2013 | Listed for sale | $650,000$260/sqft |
Source: Corolla Real Estate #79785 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,604 +0.3% | $568,000 |
| 2024 | $4,588 +11.9% | $568,000 |
| 2023 | $4,101 +19.3% | $568,000 |
| 2022 | $3,438 +0.4% | $568,000 |
| 2021 | $3,423 +18% | $568,000 +18.5% |
| 2020 | $2,900 | $479,500 |
| 2019 | $2,900 +0.3% | $479,500 |
| 2018 | $2,892 +9.9% | $479,500 |
| 2017 | $2,632 | $479,500 |
| 2016 | $2,632 | $479,500 |
| 2015 | $2,632 | $479,500 |
| 2013 | $2,632 | $479,500 -30.7% |
| 2011 | -- | $691,448 |
| 2010 | -- | $691,448 |
| 2009 | -- | $691,448 |
| 2007 | -- | $691,448 |
| 2005 | -- | $691,448 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 27927
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