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1231 Atlantic Avenue

Corolla, NC 27927 · Currituck County

59 days on market
$2,750,000
$2,750,000Currituck County (Unincorporated)$1M+WaterfrontActive
2750000
Waterfront
7 Bedrooms
6 Bathrooms
5,112 Sq.Ft.
0.80 Acres
Built in 1996
Waterfront Property0.80 Acre Lot1 FireplaceJ.P. Knapp Early College District

About This Property

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.

Property Details

SubdivisionOcean Hill
TypeSingle Family Residence
Living Area5,112 sq ft
Full Baths5
Half Baths1
Price / sq ft$538
Lot Size0.800 acres
HOA Dues$850 / annually
Year Built1996
Total Rooms12
Fireplaces1
WaterfrontYes
Waterfront Features
Parcel114c00000290001

Location & Neighborhood Intelligence

Get Directions to This Home

Distance to Key Places (straight-line)

Coastal & Environmental Information

Properties in northeastern North Carolina near coastal waters may be subject to Coastal Area Management Act (CAMA) regulations, or specific flood zone designations. Buyers are advised to independently verify setback rules, elevation certificates, and flood insurance requirements with licensed surveyors, engineers, and insurance professionals.

Interior & Exterior

FlooringVinyl, Carpet, Tile, Hardwood
HeatingElectric, Heat Pump, Zoned
CoolingCentral Air, Zoned, Ceiling Fan(s)
RoofArchitectural Shingle
ConstructionFiber Cement, Wood Frame
AppliancesElectric Oven, Electric Cooktop, Built-In Microwave, Washer, Refrigerator, Ice Maker, Dishwasher
ParkingAttached Carport
PoolIn Ground, Vinyl

Interior Features

Vaulted Ceiling(s)Entrance FoyerKitchen IslandElevatorCeiling Fan(s)FurnishedHot TubReverse Floor PlanWalk-in ShowerWet BarEat-in Kitchen

Exterior Features

Outdoor Shower

Schools

ElementaryKnotts Island Elementary
MiddleCurrituck County Middle
High SchoolJ.P. Knapp Early College

Tax & Assessment

Assessed Value$1,630,400
Annual Tax$12,150 (2025)
Monthly Tax Est.$1,012/mo
Hyper-Local Buyer Tool

Currituck True Cost of Ownership Calculator

Calculate your actual monthly carrying cost — the countywide Currituck tax, your own flood insurance quote, and a waterfront maintenance reserve. Special service district rates are not included; pull the parcel's tax card for those.

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Local Tax & Municipal Variables
Currituck County TaxCurrituck County charges $0.60 per $100 of assessed value, effective July 1, 2026. Special service district rates (fire, drainage, stormwater, water and sewer) are added on top for many parcels and are not included here. Verify with the Currituck County Tax Department.
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No town tax anywhere in this countyCurrituck County has no incorporated municipalities, so no parcel pays a municipal rate. Some parcels do sit in special service districts — fire, drainage, stormwater, water and sewer, solid waste — which add to the county rate and are not modelled here.
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Adds a $150/mo planning reserve for dock, pier, bulkhead and salt-air wear. An assumption you should replace with real quotes — not a rate.
Properties on the Currituck Sound, its canals, or the North River fall into CAMA-regulated flood zones. Your zone determines whether flood insurance is required — we don't quote rates, so enter your own insurer's quote below.

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  • Principal & Interest$0
  • Currituck County Property Tax ($0.60)$0
  • Hazard / Homeowners Insurance (Est.)$0
  • Flood Insurance (Your Quote)$0
  • Waterfront maintenance reserve$0
  • PMI / Mortgage Insurance$0

Currituck County has no incorporated municipalities, so there is no town property tax anywhere in the county. This estimate uses the countywide rate of $0.60 per $100 of assessed value, effective July 1, 2026. It does NOT include special service district rates (fire, drainage, stormwater, water and sewer, solid waste), which apply to many parcels and are added on top. Pull the actual tax card for the parcel before relying on any figure here.

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Down Payment$0
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MLS# 100590339 · HIVE MLS via SourceRE · Last updated: August 19, 2026 at 10:57 PM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.