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Sold for $865,000
  • $865,000

    502 Magnolia Way, Corolla, NC 27927

    4beds
    2,570sqft
    SingleFamily
    Built in 1997
    -- sqft lot
    $867,600 Zestimate®
    $337/sqft
    $3,548 Estimated rent

    Home value

    $867,600

    $763,000 - $989,000

    $3,548/mo

    Zestimate® history
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    Rent Zestimate®

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    $4,902/mo

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    $4,902/mo

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    What's special

    Recently remodel sound front in Magnolia Bay in the heart of The Currituck Club. Enjoy this perfect spot on the sound front in Corolla with spectacular sunsets beaming right into your living and kitchen. Magnolia Bay is tucked in and on the south end of The Currituck Club. This beautiful well appointed single family home is in one of the most attractive communities in Corolla. The property has been completely renovated and is in turn key condition for the new owner to take over and relax because the seller has made it a dream spot for a second home owner or the investor with a bounty full of bookings for 2018. The first level offers living with fireplace and dining and kitchen with a formal dining and a master with fireplace on this level. The living and kitchen offer breathless views of the water and sunsets that will last in the memory bank for years. Upstairs offer three additional bedrooms, one master with fireplace and two bedrooms that share a hallway bath. Enjoy the sunset right from the hot tub on the west deck and you may never want to leave. Community pool is within minutes on a bike or in a car and comes without the headache of maintaing a private pool. Sellers will consider owner finance with 25% down.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Heat pump, Radiant, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Dryer Connection, Ice Maker Connection, Master Bath, Washer Connection, First Floor Master
    • Flooring: Tile, Carpet
    • Has fireplace: Yes
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,570 sqft

    Property

    Features
    • Exterior features: Cement / Concrete
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 127D00000310000

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conventional
    Materials
    • Frame
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1997

    Community & neighborhood

    Location
    • Region: Corolla

    Other

    Other facts
    • Class: RESIDENTIAL
    • Sale/Rent: For Sale
    • Listing Type: Exclusive Right Sell
    • AIR CONDITIONING: Zoned
    • HEATING: Central, Zoned
    • INTERIOR FEATURES: Dryer Connection, Ice Maker Connection, Master Bath, Washer Connection, First Floor Master
    • WATER: Municipal
    • Bedroom 1 Level: 1
    • Bedroom 3 Level: 2
    • Bedroom 4 Level: 2
    • Association Fee Y/N: Yes
    • County: Currituck
    • CONSTRUCTION: Frame
    • LOT DESCRIPTION: Level
    • SEWER/SEPTIC: Municipal Sewer
    • STYLE: Coastal, Cottage
    • VIEW DESCRIPTION: Sound
    • Living Room Level: 1
    • Kitchen Level: 1
    • Bedroom 2 Level: 2
    • GARAGE: 1 Car
    • Rental Co: Village Realty
    • Area: Corolla Westside
    • Subdivision: TCC-Magnolia Bay
    • Status: Under Contract
    • Status Category: Under Contract
    • POOL: Association Pool
    • Destination Commerce Corp: Yes
    • Home Tour Magazine: Yes
    • Homes & Land of the Outer: Yes
    • House Canary, Inc: Yes
    • ListHub: Yes
    • Lone Wolf Real Estate Tec: Yes
    • Newpoint Media: Yes
    • Outer Banks Software: Yes
    • ShowingTime: Yes
    • Terradatum, Inc: Yes
    • Top Producer: Yes
    • W&R Studios: Yes
    • Zillow/Trulia: Yes
    • Tax Database ID: 3
    • Tax Property ID: 127D00000310000

    Price history

    DateEventPrice
    3/12/2026Sold$865,000+8.3%$337/sqft
    Source: Public Record Report a problem
    4/15/2024Listing removed$799,000+3.8%$311/sqft
    Source: OBAR #122489 Report a problem
    2/21/2024Sold$770,000-3.6%$300/sqft
    Source: Public Record Report a problem
    8/29/2023Listing removed--
    Source: OBAR #122489 Report a problem
    7/18/2023Listed for sale$799,000$311/sqft
    Source: OBAR #122489 Report a problem
    6/16/2023Listing removed$799,000$311/sqft
    Source: OBAR #122489 Report a problem
    6/12/2023Listed for sale$799,000+90.7%$311/sqft
    Source: OBAR #122489 Report a problem
    10/31/2018Listing removed$419,000$163/sqft
    Source: Village Realty Holdings, LLC - Corolla #100915 Report a problem
    10/31/2018Listed for sale$419,000+2.4%$163/sqft
    Source: Village Realty Holdings, LLC - Corolla #100915 Report a problem
    10/30/2018Sold$409,000-2.4%$159/sqft
    Source: Public Record Report a problem
    9/2/2018Pending sale$419,000$163/sqft
    Source: Village Realty Holdings, LLC - Corolla #100915 Report a problem
    7/20/2018Listed for sale$419,000$163/sqft
    Source: Village Realty Holdings, LLC - Corolla #100915 Report a problem
    6/24/2018Pending sale$419,000$163/sqft
    Source: Village Realty Holdings, LLC - Corolla #100915 Report a problem
    6/18/2018Listed for sale$419,000+33.9%$163/sqft
    Source: Village Realty Holdings, LLC - Corolla #100915 Report a problem
    10/19/2016Sold$313,000-53.7%$122/sqft
    Source: Public Record Report a problem
    6/9/2016Sold$676,555-14.3%$263/sqft
    Source: Public Record Report a problem
    3/21/2005Sold$789,500$307/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,800 +11.7%$476,200
    2023$3,403 +19.9%$476,200 +1.1%
    2022$2,838 +0.5%$470,900
    2021$2,823 +21.6%$470,900 +21.7%
    2020$2,321 -0.9%$387,000
    2019$2,343 +0.1%$387,000
    2018$2,341 +10%$387,000
    2017$2,127 $387,000
    2016$2,127 $387,000
    2015$2,127 $387,000

    Find assessor info on the county website

    Neighborhood: 27927

    Nearby schools

    GreatSchools rating
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    $867,600
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    With Zillow Showcase(estimated)
    $884,952