Corolla, NC is one of the Outer Banks most exclusive areas thanks to the lack of commercial development and multiple luxury homes.

This is understandably one of the most desirable places in which to own a property on the Outer Banks. Yet with prices of homes in Corolla routinely being bought in sold for several million dollars each, many homes have been unable to find a buyer, leaving multiple opportunities for the savvy buyer.

There are highly affordable and profitable investment opportunities to be taken advantage of here. Homes that previously sold for over a million dollars can be had for almost half as much. Foreclosures in Corolla have made this a great time to buy!

Recent Foreclosures in Corolla

830 Hunt Club Drive

4BR, 3 BT The first level has a king master with large private bath. Gorgeous beveled glass front door and tiled foyer leads to thefamily room with bamboo flooring and lots of windows and gas fireplace. The large kitchen is off the family room offering granite counter tops, a center work island and built in flat surface cook top and double wall ovens. The formal dining room on level one showcases hardwood flooring and good natural lighting from the large windows. This room is very spacious and a delightful surprise. Upstairs are two queen bedrooms with a shared bath. The home also has a very private fenced in pool area to enjoy. Within the Currituck Club. $515,000

966 Whalehead Drive

8BR, 8BT Whalehead vacation home. Eight bedrooms, eight and half baths, Private Pool, Ocean Views. Would be a great performer as a vacation rental. Located right across from the beach! $775,000

1034 Corolla Drive

8BR, 8BT Fully furnished vacation home. In Corolla ready to perform as a rental property or a summer home. Eight Bedrooms, Eight and a half baths all in over 4,000 sq ft of living space and on a large Whalehead Lot. Private Pool, elevator, hot tub. Everything needed to be a great vacation rental from the start! $799,000

1076 Lighthouse Drive

8BR, 8BT semi-ocean front in Whalehead, in-ground pool, game room and ocean views. Over 4,000 sq. ft. of living space! A perfect seasonal rental, or a vacation home. Already ready to go! $879,900

As you can see, with the local housing market crisis, many homes that were once unattainable have fallen into price ranges for any budget! For more information about these and other excellent property investment opportunities, including investment properties in Nags Head, Dean Agency Real Estate Brokers will be happy to assist!