Estimated Annual Rental Income:$87,000. **Corolla Light** Heated private pool** Hot tub**With 4 bedrooms, 2 and half baths and just a leisurely five-minute stroll to our gorgeous sandy beaches and blue waters of the Atlantic... this home checks all the boxes. This beach house is currently the family's vacation home they rarely rent out to guests, but A FULL RENTAL PROJECTION ANTICIPATES OVER $80K GROSS ANNUALLY. The owners have made smart and thoughtful updates: newly added pool in 2020, new HVACS in 2025, power washing is 2025, deck repairs, new hot tub in 2023, and new appliances in 2024. The floorplan offers great flow and function. We love the large bedrooms, covered decks, loft, screened porch, and of course the location. Hop on a bike and zoom to beach or stroll over and enjoy the Corolla Light amenities including an amazing oceanfront, poolside restaurant.
The Corolla Light Community has won numerous awards as the premier resort community in North Carolina. The amenities at Corolla Light are unmatched. The Oceanfront pool complex has a terrific play area for the kids and oceanfront restaurant offering amazing crab cakes. Owners have oceanfront parking at the pool complex, a summer trolley system, and chair and umbrella service that is available on the well-maintained lifeguarded Corolla Light Beach. A full indoor sports club with an indoor pool, full gym, sauna, and indoor tennis is wonderful on those rare days with inclement weather. There are numerous outdoor tennis courts, pickle ball courts, basketball and volleyball courts and even a real grass putt putt course. The community is very well managed and well landscaped with a terrific schedule of activities for guests.
For sale
Price cut: $9K (8/16)
$774,000
1138 Morris Dr, Corolla, NC 27927
4beds
2,170sqft
Single Family Residence, Residential
Built in 1986
-- sqft lot
$-- Zestimate®
$357/sqft
$-- HOA
What's special
Heated private poolHot tubDeck repairsCovered decksLarge bedroomsScreened porch
- 74 days
- 187
- 23
Zillow last checked:
Listing updated:
Listed by:
The Spencer Team,
Keller Williams Outer Banks KDH
Source: OBAR,MLS#: 133278
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
Rooms
- Room types: Loft
Heating
- Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Microwave, Range/Oven, Refrigerator, Washer
Features
- Cathedral Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Tile
- Furnished: Yes
Interior area
- Total structure area: 2,170
- Total interior livable area: 2,170 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
- Details: Garage: Carport
Features
- Has private pool: Yes
- Pool features: Outdoor Pool, In Ground, Private, Association
- Waterfront features: More than 5th row
Lot
- Features: Cul-De-Sac
Details
- Zoning: SFO
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Reverse Floor Plan,Coastal
- Property subtype: Single Family Residence, Residential
Materials
- Frame
- Foundation: Pillar/Post/Pier
- Roof: Asphalt
Condition
- Year built: 1986
Utilities & green energy
- Sewer: Shared Septic
- Water: Public
Community & HOA
Community
- Subdivision: Corolla Light
HOA
- Has HOA: Yes
- Amenities included: Fitness Center, Indoor Pool, Tennis Court(s), Ocean Access, Pool, Playground, Sound Access
Location
- Region: Corolla
Financial & listing details
- Price per square foot: $357/sqft
- Annual tax amount: $4,876
- Date on market: 6/25/2026
- Cumulative days on market: 333 days
- Listing agreement: Exclusive Right To Sell
- Ownership: Owned More than 12 Months
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2026 | Price change | $774,000-1.1%$357/sqft |
Source: | ||
| 7/19/2026 | Price change | $783,000-2%$361/sqft |
Source: | ||
| 6/25/2026 | Listed for sale | $799,000$368/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






