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Listing Details For 1131 Franklyn Street in Corolla

Listing Information

Area: Corolla Oceanside
Mls Status: Active
Days On Market: 1
Cumulative Days On Market: 1
Listing Price: $2,475,000
Original Listing Price: $2,475,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/12/2026
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3812
Total Living Area Sq Ft: 3812
Asking Price Per SqFt: $649.00
BedroomsTotal: 5
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 1997
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Countertop Range, Dishwasher, Dryer, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: No
Counter Tops: Laminate,Corian
Cooling: Heat Pump, Zoned
Interior Features: Walk-In Closet(s)
Heating: Electric, Heat Pump, Zoned
Room Type: Foyer, Shipswatch, Media Room
Flooring: Ceramic Tile, Wood
Construction Materials: Frame

Legal Description

Phase: 2D
County: Currituck
Subdivision: Corolla Light
Deed Book: 394
Deed Book Page Number: 934
County Pin Number: 9937-40-6599
Price Change: 11/11/2026
Road Surface: Paved, Private
Association Amenities: Fitness Center, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access

Lot Details

Land Tax Value: $NaN
Total Assessed Value: $NaN
Lot Size Acres: 0.23
Lot Features: Adj. To Common Area
Lot Faces: E
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2026
Annual Property Taxes: $9,847.00
Insurance Expenses: $NaN
Home Owner Insurance Expense: $NaN
Flood Zone: AE,X
Flood Insurance Expense: $NaN
Water Source: Municipal
Yearly Water Expense: $NaN
Contract Status Change Date: 11/12/2026
Estimated Annual Fee Amt: $4,467.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck
Fuel Tanks: Leased
HOA Contact Name: Ben Stikeleather
Primary Residence: Yes
HOA Contact Info: 252-453-2455

Rental Income

Estimated Annual Rental Income: $197,155.00
Rental Performance: 0.0797
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: $NaN
Owner Rental Income 2024 Amount: $NaN
Avertised Income 2024 Amount: $NaN
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

COROLLA OCEANFRONT ELEGANCE! Lovingly cared for by its original owner, this oceanfront Corolla Light family beach home is kept to a standard one rarely sees. From the curb, this 3800 square foot home, built by legendary contractor David Stormont, beckons visitors up the front steps to a covered porch, with the Currituck Lighthouse standing in the distance. Inside, Carolina sunshine pours through arched ocean-facing windows. You’re on vacation before you’ve set down your bags. Starting on the ground level, a dry entry handles sandy feet and wet towels, leading to a convenient full bath, and then opens to a gracious tv den and is large enough to cleverly double as a sixth bedroom that sleeps four. Out back, the hot tub sits in a lattice-enclosed patio, with more shaded outdoor living under the house, two levels of sun and shade decks that link to the elevated wood deck walkway which leads to the beach. Private beach access is shared with two neighboring houses. The middle level holds four bedrooms, each with a private bath, plus the laundry and a covered front entry that opens to a 2-story foyer with grand staircase finished with glass finials. The top level is where the house really shows off. Banks of windows frame the Atlantic in a vaulted great room. Carolina sunshine pours through arched ocean-facing window, and later the sun sets through the windows in the kitchen featuring bar-seating island, double wall oven and gas cooktop. The dining table seats a crowd and opens to the deck. A step-up loft is the best spot for morning coffee. The fifth bedroom suite has its own bath and slider onto the ocean facing deck. Corolla Light amenities include indoor and outdoor community pools, indoor and outdoor tennis, pickleball, a health club, a playground, and sound access. Two property management companies estimate gross annual income would be between $180,000 and $200,000. Pride of ownership shows and will be appreciated by the next lucky owner: new roof (2022), HVAC and water heater (2026), fresh interior paint, and new furniture, rugs and bedding throughout. Ask for the complete list of repairs and upgrades.

Directions

From Ocean Trail (rt 12) Turn left on Austin St (Corolla Light main entrance), then turn left onto Franklyn. House is on left, oceanfront.

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 1131 Franklyn Street in Corolla is provided courtesy of Keller Williams Outer Banks KDH Team: 252-261-7881. 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 1131 Franklyn Street in Corolla is no longer available for sale.

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