Single Family Residence at 1231 Atlantic Avenue, Corolla, NC 27927
Single Family Residence at 1231 Atlantic Avenue, Corolla, NC 27927, photo 2 of 2
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$2,750,000

1231 Atlantic Avenue, Corolla, NC 27927
Corolla, NC 27927
Listed by Kelli Hobbs · Howard Hanna WEW/Moyock
Bedrooms
7
Bathrooms
5.5
Living area
5,112 sqft
Year built
1996

About this home

Experience the best of Outer Banks oceanfront living in Corolla's coveted Ocean Hill community. Perched on one of the highest lots in theneighborhood, this exceptional 7-bedroom, 5.5-bath home offers over 5,100 square feet of beautifully designed living space with panoramicAtlantic Ocean views, a private boardwalk to the beach, and the amenities today's vacation renters seek. Designed with a reverse floor plan tomaximize breathtaking ocean vistas, the upper level showcases soaring wood-accented cathedral ceilings, a stunning picture window framingthe Atlantic, spacious gathering areas, and expansive sun and covered decks perfect for entertaining or relaxing after a day on the beach. Anelevator provides convenient access to every level, while the private pool, hot tub, screened porch, and outdoor shower create the completeresort-style experience that keeps guests returning year after year. This property has been thoughtfully updated and is truly turnkey, featuringfresh exterior and interior paint, Trex decking, a new vinyl pool liner, updated interior furnishings, upgraded mattresses, and new outdoorfurniture. These recent improvements enhance both owner enjoyment and long-term investment value while minimizing immediate capitalexpenses. Ideally located just minutes from the Currituck Beach Lighthouse, Historic Corolla Village, shopping, dining, the 4WD beaches, andthe famous Corolla Wild Horses, this home offers the location, size, and amenities that consistently make Ocean Hill one of Corolla's mostdesirable vacation destinations. Whether you're expanding your investment portfolio or searching for a luxury second home that generatessubstantial rental income when you're away, this home offers the ideal combination of strong income potential, exceptional guest appeal, andenduring coastal value. This is a rare opportunity to own a proven vacation rental in one of Corolla's premier oceanfront communities whilecreating lasting memories for generations to come.

Highlights

WaterfrontFireplace

Property details

MLS
Hive MLS
MLS #
100590339
Property type
Single Family Residence
Subdivision
Ocean Hill
Status
Active
Days on market
95
On market date
July 21, 2026
Stories
N/A
Total bathrooms
5.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.8 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Jarvisburg Elementary
12.82 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
268
Student:teacher ratio
14.1:1
District
Currituck County Schools
Middle
Currituck County Middle
7.93 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
337
Student:teacher ratio
12.5:1
District
Currituck County Schools
High
Currituck County High
7.99 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,050
Student:teacher ratio
15.7:1
District
Currituck County Schools

Walkability

Blended score for Corolla's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

43
Somewhat walkable
out of 100
EPA National Walkability Index
8.5 / 20 -- Below average walkable

Market position

How this listing compares to current activity in Corolla, from live MLS data.

On the market 95 days -- 53 fewer days than Corolla's current average of 148 days.
For reference, the median list price across 22 active listings in Corolla right now is $907,000.

Mortgage calculator

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Est. monthly payment
$16,711/mo
$550,000 down
$2,200,000 loan
Principal & interest$14,269
Property tax (est.)$2,292
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.