Skip main navigation
Sold for $865,000
  • $865,000

    502 Magnolia Way Lot 31, Corolla, NC 27927

    4beds
    2,894sqft
    Single Family Residence, Residential
    Built in 1997
    -- sqft lot
    $867,600 Zestimate®
    $299/sqft
    $3,643 Estimated rent

    Home value

    $867,600

    $763,000 - $989,000

    $3,643/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,643/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,643/mo

    Rent Zestimate®

    Refinance and save

    $4,995/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $4,995/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Hot tubGenerous room sizesCathedral ceilingsNewer roofMultiple dining areas
    Set on the soundfront in The Currituck Club’s Magnolia Bay community, this 4-bedroom (two en suite), 3.5-bath home offers approximately 2,895 square feet of living space with sweeping sound views and unforgettable sunsets. The floor plan is more open than most Magnolia Bay homes, allowing light and water views to carry naturally through the main living areas, kitchen, and dining spaces. Cathedral ceilings, generous room sizes, and multiple dining areas create a home that lives comfortably while staying closely connected to the soundfront setting. The property has been rented only sparingly and is presented in pristine, turn-key condition. Recent improvements include a newer roof, HVAC systems, hot tub, and water heater. The ground level makes a strong first impression, with a large entryway and open sightlines that immediately draw the eye to the sound beyond. Heated ceramic tile flooring runs throughout this level, a rare and valuable feature that enhances year-round comfort and usability. The main level serves as the heart of the home, where openness and views take center stage. A spacious living area with cathedral ceilings and a gas fireplace is framed by expansive windows that capture broad sound views and vibrant sunsets. Deck access extends the living space outdoors and reinforces the home’s connection to its waterfront setting. The kitchen is both functional and inviting, featuring stainless-steel appliances, granite countertops, and ample cabinetry, all complemented by sound views. The breakfast nook and bar seating offer a relaxed, casual dining space overlooking the water, while the dedicated dining room provides a more formal setting for gatherings. Also on this level is a generously sized primary en suite with beautiful sound views. A custom-tiled gas fireplace adds warmth and architectural interest to the bedroom, while the private bath- finished with custom tile, a separate shower, and a jetted tub- along with a walk-in closet, completes a true retreat. A laundry/pantry room and conveniently located half bath complete this floor without interrupting the home’s open flow. The upper level offers three additional spacious bedrooms, including a second en suite with sound views and a distinctive double-sided fireplace shared between the bedroom and the private bath. Two additional guest rooms share a full hall bath, creating a comfortable and practical arrangement for family and guests. Outdoor living is a defining feature of the home. The soundfront sun deck offers panoramic water views, dramatic sunsets, and expansive night skies ideal for stargazing. A private hot tub invites evening relaxation, while the adjacent patio provides additional space for dining, gathering, or enjoying time outdoors. Summer days and evenings are especially well suited to this setting, whether entertaining, unwinding, or simply taking in the quiet beauty of the sound. Located near The Currituck Club’s southern gate, the home offers convenient entry and exit and is just moments from the TCC beach access/parking, Magnolia Bay pool, and trolley stop. Guests also enjoy access to golf, pools, tennis, fitness facilities, and concierge services while remaining close to the shops, dining, and attractions of Corolla. With its soundfront setting, open and well-designed floor plan, strong water views throughout the home, and exceptional condition, this property checks every box buyers seek in a primary residence or second home. While it has been rented only sparingly, opening the calendar could unlock meaningful vacation income potential. Combined with its location, views, features, and access to The Currituck Club’s amenities, this home offers long-term value and versatility in one of Corolla’s most desirable communities.

    Zillow last checked:

    Listing updated:

    Listed by:

    The Myatt Group Team,

    Keller Williams - Outer Banks,

    Terry Blocher 252-207-3677,

    Keller Williams - Outer Banks

    Bought with:

    Coastside Properties Team

    Keller Williams - Outer Banks

    Brittany Bair, 273559

    Keller Williams - Outer Banks

    Source: OBAR,MLS#: 131429MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • Partial bathrooms: 1
    Rooms
    • Room types: Breakfast Nook
    Heating
    • Electric, Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
    Features
    • Cathedral Ceiling(s), Pantry, Entrance Foyer
    • Flooring: Carpet, Ceramic Tile
    • Furnished: Yes
    Interior area
    • Total structure area: 2,894
    • Total interior livable area: 2,894 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street, Paved
    • Attached garage spaces: 1
    • Details: Garage: 1 Car, Attached
    Features
    • Pool features: Association, In Ground, Outdoor Pool
    • Has view: Yes
    • View description: Sound
    • Has water view: Yes
    • Water view: Sound
    • Waterfront features: Soundfront, Waterfront
    Lot
    • Features: Cul-De-Sac, Waterfront
    Details
    • Zoning: SFO

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage,Coastal
    • Property subtype: Single Family Residence, Residential
    Materials
    • Frame, Wood Siding, Cement Fiber Board
    • Foundation: Pillar/Post/Pier
    • Roof: Asphalt
    Condition
    • Year built: 1997

    Utilities & green energy

    • Sewer: Shared Septic
    • Water: Public

    Community & HOA

    Community
    • Subdivision: TCC-Magnolia Bay
    HOA
    • Has HOA: Yes
    • Amenities included: Board Walk, Clubhouse, Common Area, Gated, Golf Course, Fitness Center, Ocean Access, Pool, Tennis Court(s), Playground
    • Services included: Electricity, Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
    Location
    • Region: Corolla

    Financial & listing details

    • Price per square foot: $299/sqft
    • Annual tax amount: $3,928
    • Date on market: 1/7/2026
    • Cumulative days on market: 125 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Jumbo Loan
    • Ownership: Owned More than 12 Months
    • Lease term: Weekly
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/12/2026Sold$865,000-2.7%$299/sqft
    Source: OBAR #131429 Report a problem
    1/24/2026Contingent$889,000$307/sqft
    Source: OBAR #131429 Report a problem
    1/7/2026Listed for sale$889,000-3.9%$307/sqft
    Source: OBAR #131429 Report a problem
    12/1/2025Listing removed$925,000$320/sqft
    Source: OBAR #130235 Report a problem
    8/15/2025Listed for sale$925,000+20.1%$320/sqft
    Source: OBAR #130235 Report a problem
    2/21/2024Sold$770,000-3.6%$266/sqft
    Source: OBAR #123598 Report a problem
    1/12/2024Contingent$799,000$276/sqft
    Source: OBAR #123598 Report a problem
    10/5/2023Listed for sale$799,000$276/sqft
    Source: OBAR #123598 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 27927

    Nearby schools

    GreatSchools rating
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $867,600
    2% more
    +$17,352
    With Zillow Showcase(estimated)
    $884,952