Single Family Residence at 565 Trolling Lane, Corolla, NC 27927
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$1,499,900

565 Trolling Lane, Corolla, NC 27927
Corolla, NC 27927
Listed by Raju Uppalapati · Outer Banks Realty Group
Bedrooms
10
Bathrooms
10
Living area
4,872 sqft
Year built
2005

About this home

Welcome to Corolla Paradise, a beautiful property making positive cashflow for the savvy investor. The home is nestled is a private setting, on a high elevation surrounded by trees, giving you the feeling of being at your own private island oasis. The massive 16 x 40 pool is perfect for entertaining or take a 3-minute stroll to the community's private beach access. On the interior you will find almost 5000 square feet with 10ample bedrooms, each with their own baths. The top floor features a huge, gorgeous, updated open kitchen with 2 of everything - 2 stoves, refrigerators, dishwashers, and even 2 family room areas on either side of the kitchen and yes, 2 fireplaces. Along this line, there is also 2laundry areas as well as 2 sets of stairs. The rest of the home features a large stocked game room, media room, living room and even a spa-like reading room. As far as improvements go, they have all been done for you. 2017 to present, the whole exterior and interior has been freshly painted. The furniture has all been replaced or reupholstered. Three out of four HVAC systems were replaced in 2017, 2020, 2024 as well as the hot tub. Fortified roof was replaced in 2023. New water heaters installed in 2025. Pool pump replaced in 2026 and pool heater replaced in 2017.New sliding glass doors throughout, new carpet and LVP flooring as well as all new window blinds. This home really is one of a kind and the rental numbers make it even more so. With $141,000 already booked for 2027. This property produced high ROI consistently through out the years. Even though this house provides all you need, should you choose to wander off the "oasis", there are community tennis courts, tons of shopping and dining close by and the Currituck Club 18 hole, Rees Jones designed golf course is within walking distance. The Whalehead Club and the Currituck Beach Lighthouse are also close by for added fun. Please visit this stunning home today. It does not disappoint in any way! Great Investment Home with High Rental Income ROI

Highlights

Private poolFireplace

Property details

MLS
Hive MLS
MLS #
100612595
Property type
Single Family Residence
Subdivision
Ocean Sands
Status
Active
Days on market
2
On market date
October 26, 2026
Stories
N/A
Total bathrooms
10
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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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
7.46 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
10.46 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
10.57 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.

45
Somewhat walkable
out of 100
EPA National Walkability Index
9.0 / 20 -- Below average walkable

Market position

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

On the market 2 days -- 139 fewer days than Corolla's current average of 141 days.
For reference, the median list price across 23 active listings in Corolla right now is $915,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$9,183/mo
$299,980 down
$1,199,920 loan
Principal & interest$7,783
Property tax (est.)$1,250
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 23 hr ago.

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.