AWESOME LOCATION! LOWEST PRICED OCEANSIDE HOME IN COROLLA! INCOME POTENTIAL UP TO $60K W/ SOME IMPROVEMENTS! SHORT WALK TO BEACH AND COMMUNITY POOL! Discover the perfect blend of potential and location with this classic 4-bedroom beach home nestled in the sought-after Ocean Sands community of Corolla. Whether you're looking for a second home or a smart investment property, this charming retreat is full of opportunity. New roof in 2023. Kitchen appliances were replaced last year with stainless steel, offering a head start on modernizing the space while leaving plenty of room to add your own personal touches and style. With a little vision and creativity, you can transform this property into your ideal coastal escape or a standout vacation rental. Located just a short walk to the beautiful, wide beaches of Corolla, the home also includes the option to be a member of the Ocean Lakes pool and tennis courts which is limited—adding value for both your family and your guests and giving you an advantage other homes don't have, as well as giving you a pool without the expense of maintaining your own! Membership is just $925/yr. Ocean Sands is a favorite destination for vacationers, thanks to its prime location near shopping, dining, and family-friendly activities. The popular Timbuck II Shopping Center, mini golf, and Food Lion are all just minutes away, making it a convenient and attractive spot for visitors year after year. It has never been in a rental program so the home is lightly used. And since it's not in a rental program...lots of opportunity! Enjoy it this summer or put in a rental program to get some income! Rental Income projections of up to $44K as is or up to $60K with some improvements!
For sale
Price cut: $16.9K (7/1)
$559,000
632 Grebe Ct LOT 9, Corolla, NC 27927
4beds
1,458sqft
Est.:
Single Family Residence, Residential
Built in 1985
-- sqft lot
$543,900 Zestimate®
$383/sqft
$-- HOA
What's special
Community poolNew roof
- 119 days
- on Zillow |
- 2,595 |
- 149 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 11:46am
Listed by:
Randy L Jones 252-202-2573,
EXP Realty, LLC - Coastal
Source: OBAR,MLS#: 128889

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Microwave, Range/Oven, Refrigerator
Features
- Flooring: Carpet
- Furnished: Yes
Interior area
- Total structure area: 1,458
- Total interior livable area: 1,458 sqft
Property
Features
- Pool features: Association
- Waterfront features: More than 5th row
Lot
- Features: Cul-De-Sac, Level
Details
- Zoning: SFO
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Reverse Floor Plan
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Asphalt
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Shared Septic
- Water: Public
Community & HOA
Community
- Subdivision: Ocean Sands
HOA
- Has HOA: Yes
- Amenities included: Pool, Tennis Court(s)
- Services included: Management
Location
- Region: Corolla
Financial & listing details
- Price per square foot: $383/sqft
- Annual tax amount: $4,224
- Date on market: 4/8/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Owned More than 12 Months
- Road surface type: Paved
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