Shore Realty Logo
800-647-1868

Listing Details For 1123 Franklyn Street in Corolla

Asking Price:
$3,150,000
1123 Franklyn Street, Corolla, NC 27927
6 bd
6 ba
0 sq ft
MLS #: 130002
Status: Active

Listing Information

Area: Corolla Oceanside
Mls Status: Active
Listing Price: $3,150,000
Original Listing Price: $3,150,000
Possession: Subject To Tenant Rights
Short Sale: No
Price Date: 7/26/2025
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4648
Total Living Area Sq Ft: 4648
Asking Price Per SqFt: $1,572.00
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 2004
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Indoor, Outdoor Pool, In Ground, Private, Association
Cooling: Central Air, Heat Pump
Interior Features: Wet Bar
Heating: Central, Heat Pump
Room Type: Breakfast Nook, Game Room, Shipswatch
Flooring: Ceramic Tile, Wood
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Corolla Light
Deed Book: 1401
Deed Book Page Number: 0716
County Pin Number: 115B00001010000
Price Change: 7/25/2025
Road Surface: Paved, Private
Association Amenities: Clubhouse, Fitness Center, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access, Common Area

Lot Details

Lot Features: Beach Frontage
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2025
Annual Property Taxes: $11,730.00
Insurance Expenses: $NaN
Home Owner Insurance Expense: $NaN
Flood Zone: X
Flood Insurance Expense: $NaN
Water Source: Municipal
Yearly Water Expense: $NaN
Contract Status Change Date: 7/26/2025
Estimated Annual Fee Amt: $4,350.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Common Insurance, Maintenance Grounds, Management, Pool, Sewer/Septic, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Elevator,Hot Tub,Outside Lighting,Outside Shower
Fuel Tanks: None
HOA Contact Name: Bob Stoneking
Primary Residence: No
HOA Contact Info: 252-453-3550

Rental Income

Annual Rental Income: $236,846.00
Rental Performance: 0.0752
Gross Income YTD Amt: $NaN
Owner Rental Income 2026 Amount: $NaN
Avertised Income 2026 Amount: $NaN
Owner Rental Income 2025 Amount: $NaN
Avertised Income 2025 Amount: $236,846.00
Owner Rental Income 2024 Amount: $NaN
Avertised Income 2024 Amount: $216,565.00
Owner Rental Income 2023 Amount: $NaN
Avertised Income 2023 Amount: $NaN
Owner Rental Income 2022 Amount: $NaN
Avertised Income 2021 Amount: $NaN
Owner Rental Income 2021 Amount: $NaN
Avertised Income 2021 Amount: $NaN

Listing Agent Remarks

Experience coastal living at its finest with this stunning 6-bedroom, 6-bath oceanfront home located in the highly desirable Corolla Light Resort. Boasting panoramic ocean views with plenty of dune protection, this property combines elegance, comfort, and impressive rental performance, generating $238,000 in 2025. This home is one of the very few oceanfront homes in Corolla Light to boast a private pool. Step inside to discover tasteful design elements throughout, including ceramic plank tile in the bedrooms, hardwood floors, and granite countertops. Set up as a reverse floor plan, this home features 6 spacious bedrooms (5 are primary en-suites) with private baths, including a top-level master suite with a whirlpool tub and stunning ocean views. Enjoy multiple decks, a great room with a gas fireplace, and a gourmet kitchen with a 6-burner range. The middle level features four beautifully appointed bedrooms and a cozy ocean-facing den, perfect for relaxing with a view. On the ground level, you'll find a spacious rec room complete with a pool table, wet bar, and full-size refrigerator for ultimate entertainment. A recently replaced brand new elevator adds convenience to every level, while the large 2-car garage provides ample storage for all your beach gear. Recent upgrades include two new HVAC systems installed in 2024, ensuring efficiency and peace of mind. This home has been meticulously maintained and thoughtfully updated for modern coastal living. Resort-style amenities await in Corolla Light include, but are not limited to, an Oceanside pool with an on-site restaurant, an Indoor fitness center, and basketball & pickleball courts. Don’t miss this opportunity to own a prime oceanfront retreat with strong income potential in one of the Outer Banks’ premier communities.

Directions

(none)

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 1123 Franklyn Street in Corolla is provided courtesy of Twiddy and Company - Corolla C: 252-207-6143. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 1123 Franklyn Street in Corolla is no longer available for sale.

Looking for more info about this property or another OBX properties?

We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.
Level of Interest
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)