Residential

1124 Karens Way Lot 1, Corolla

$1,990,000.00

Bedroom 12 bedrooms
Full Bathroom 12 full baths
Half Baths 2 half baths
Total Baths 14 total baths

  • Listing ID #: 132946
  • Status: Pending
  • Address: 1124 Karens Way Lot 1, Corolla, NC 27927
  • Date Listed: 5/23/2026
  • Days on Market: 146
  • SQFT: 6260
  • Acres: 0.89
  • Stipulations: No
  • Subdivision: Corolla Village

Location Location

Agent Comments Agent Comments
Outstanding investment opportunity in the highly coveted Corolla Village! Situated on a generously sized (just under an acre) oceanside lot, this massive 6,260-square-foot luxury estate features 12 spacious bedrooms and 12.2 bathrooms, making it an absolute short-term vacation rental powerhouse. The home is perfectly positioned just a few lots from the beach and steps to the ocean access, giving guests effortless, all-day transitions between the house and the pristine Corolla shoreline. It is also an easy, scenic walk to the charm of Historic Corolla Village, where guests can explore local boutique shops, dining, the iconic Currituck Beach Lighthouse, and the historic Whalehead Club. Engineered for high-yield rental performance, the property offers multiple private en-suites to maximize occupancy and comfort and attract lucrative multi-family group bookings, and even boasts the ability to host weddings, special events, corporate retreats, etc.. Premium guest amenities include a private heated 16’ x 32’ pool, hot tub, cabana, volleyball court, expansive sun decks, a spacious top-floor great room, well equipped kitchen with dual appliances, theatre room, elevator, and game room with pool table and kitchenette. Seize this rare chance to own a high-performing coastal asset on over an acre of prime oceanside real estate and schedule your private tour today!

Amenities Amenities
  • Dishwasher
  • Dryer
  • Microwave
  • Range/Oven
  • Refrigerator
  • 2nd Dishwasher
  • 2nd Refrigerator

Additional Features Additional Features
  • Association Amenities: Ocean Access
  • County: Currituck
  • Days on Market: 146
  • Extras: Cabana,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Outside Lighting,Outside Shower,Smoke Detector(s)
  • Flood Zone: X
  • Pool: Yes
  • Pool Type: Private
  • Pool Features: Outdoor,In Ground,Heated,Private Pool
  • Primary Residence: No
  • Property Sub Type: Single Family - Detached
  • Sale or Rent: S
  • Sewer: Private Septic
  • Waterfront Features: 4 - lots from oceanfront (5th row)
  • Water/Sewer: Municipal
  • Year Built: 2006

Financial Financial
  • Annual Tax Amount: 9327.16
  • Asking Price Per Sq Ft: 317.89
  • Bank/Institution Owned: No
  • Buyer Financing: Cash,Conventional,VA,Jumbo Loan
  • Estimated Annual Fee Amount: 0
  • Estimated Annual Rental Income Amount: 245840
  • Lease Terms: Weekly
  • Original Price: 2199000
  • Ownership: Owned More than 12 Months
  • Possession: At Closing
  • Price Update Date: 2026-10-04T02:35:32.8+00:00
  • Short Sale: No
  • Tax Year: 2025

Interior Features Interior Features
  • Cool System: Central, Heat Pump
  • Floors: Ceramic Tile, Luxury Vinyl Plank
  • Furnishings Available: Yes
  • Heat System: Central, Heat Pump
  • Interior: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Wet Bar
  • Room Type: Foyer, Game Room, Loft, Home Theater

Exterior Features Exterior Features
  • Architectural Style: Contemporary,Reverse Floor Plan,Coastal
  • Fuel Tanks: Leased
  • Lot Features: Level
  • Parking: Paved, Off Street
  • Pool: Outdoor, In Ground, Heated, Private Pool
  • Road Surface Type: Gravel,Unpaved
  • Roof: Asphalt/Fiber Shingle
  • Water Source: Municipal
  • Waterfront Feature: 4 - lots from oceanfront (5th row)
  • View: Ocean

Location Location
  • Flood Zone: X
  • Street Number: 1124
  • MLS Area Minor: Corolla Oceanside

Listed by: Jo Ann from Four Seasons Realty.

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