Corolla, NC, has been transformed over the last 30 years from a sleepy hunting and fishing paradise into one of the Outer Banks’ most affluent resort communities. As you might guess Corolla, NC, real estate has transformed too. Average homes here cost considerably more than elsewhere in the Outer Banks real estate scene. Most the development in Corolla is relatively new. The road to Corolla from the Currituck County line was private until 1984, thus much of the Corolla, NC, real estate you see today began after the mid-1980s or early '90s. These later developments were thoughtfully laid out to accentuate the area’s natural beauty.
This town is home to a few of the most prestigious subdivisions on the Outer Banks. On the south end of town, Pine Island’s seashore mansions make it the premier oceanfront subdivision on the Outer Banks. Ocean Hill on the north end of town is a fabulous subdivision spread out over large tracts. This northern area of Corolla also has the advantage of only being accessible by 4WD vehicle, which makes it remote and unhurried but which also poses a challenge for drivers not easy with sand driving. Here it does not feel like one house is on top of another. The Corolla Light subdivision is near the middle of Corolla near the Currituck Beach Lighthouse. It is regarded for its excellent amenities and well-run association.
Corolla, NC, real estate has high property values on the promise of the mid-Currituck bridge being built at some point in the future. Discussions of the need for and construction of this bridge have circulated for 20-plus years.
Corolla, NC, Real Estate Fast Facts
Schools: Elementary and middle school-aged children can attend Water’s Edge Village School in the heart of historic Corolla. This public charter school welcomes students in kindergarten through 8th grades. High school-aged children can attend Currituck County High School across the sound on the mainland; it's more than an hour's drive away, though, so many students ride the ferry to Knotts Island then take the bus to high school.
Neighborhoods: Corolla is one Outer Banks town that is organized by many marked neighborhoods. You can explore Corolla, NC, real estate options in the town’s 11 neighborhoods.
Population: Corolla houses about 500 year-round residents. In the summer months the number of inhabitants climbs well into the tens of thousands.
Owner-occupied housing units: While the figure for the mainland of Currituck County is 81% owner-occupied houses, for the Corolla vacationland, the percentage of such homes is less than 2%.