Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Corner Lot Near Beach Title is generated by Realmo AI

    1600 Ocean Pearl Road lot 12, Corolla, NC 27927

    View on Map
    Claim this Listing
    For Sale
    $139,900

    LAND - Corolla, NC

    Lot size:
    0.34 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    196
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 1600 Ocean Pearl Road lot 12

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SFR
    Standard status
    Active
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    359

    We can help!

    Listing Contact
    The Myatt Group Team

    Listing agent The Myatt Group Team License #185795

    Listing office Keller Williams - Outer Banks 5595 N Croatan Hwy, Southern Shores, NC

    Listing date Nov 7, 2025

    MLS# 131011 Listing URL

    Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Buildable 14,700 sq ft corner lot in Carova's 4x4 Swan Beach area, ideal for a primary home or coastal getaway.
    • Located in an X flood zone and only six lots from the oceanfront.
    • Backs onto 100 acres of Currituck County land, providing space, privacy, and natural surroundings.
    • Proximity to the beach and the Corolla Wild Horses that roam freely.
    • Suitable for a primary residence, second home, or vacation rental.
    • Close to Corolla's shops, restaurants, and conveniences, while maintaining a quiet, off‑the‑beaten‑path feel.

    Overview

    This buildable corner lot, approximately 14,700 sq ft, is located just north of Corolla in the Carova's 4x4 Swan Beach area. It offers a setting suitable for a primary home or coastal getaway. Situated in an X flood zone and positioned six lots from the oceanfront, the lot combines beach proximity with peace of mind. With 100 acres of Currituck County land directly behind the property, owners can enjoy a sense of space, privacy, and natural surroundings. The location supports a range of possibilities, including a primary residence, a second home, or a vacation rental. The Corolla Wild Horses roam freely throughout the area, along with a variety of wildlife and water fowl. The northern beaches offer quiet surroundings and wide dunes, creating an off-the-beaten-path feel. The lot size is 0.34 acres. The property is within a short drive of Corolla's shops, restaurants, and conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Travel Agency Real Estate Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corolla
    County
    Currituck
    State
    North Carolina
    Longitude
    -75.8441378
    Latitude
    36.4390723

    Nearby Similar for Sale

    • $249,000

      Semi-Oceanfront Lot in Corolla, NC

      Semi-oceanfront homesite in Corolla's 4x4 beaches, X flood zone.
      2278 Sandfiddler Road, Corolla, NC 27927
      View Details
    • $62,500

      Coastal Homesite Near False Cape Park

      1/3 acre homesite in peaceful Carova Beach setting.
      2368 Swan Island Road, Corolla, NC 27927
      View Details
    • $69,000

      Land in North Swan Beach

      Homesite in a quiet, residential 4x4 community.
      2021 Sea Gull Road, Corolla, NC 27927
      View Details
    • $99,999

      Vacant Lot in Carova

      Untouched Outer Banks paradise in the desirable 4x4 area.
      1654 Midland Road E lot: 22, Corolla, NC 27927
      View Details
    • $169,999

      Canalfront Homesite in Carova Beach

      0.38-acre canalfront homesite in the peaceful Carova Beach community.
      2226 Sailfish Road, Corolla, NC 27927
      View Details
    • $119,000

      Carova Beach Homesite Opportunity

      0.36 acre homesite in Carova's 4x4 area.
      2126 Sandpiper Road lot: 209, Corolla, NC 27927
      View Details
    • $695,000

      Semi-Oceanfront Land in Corolla, NC

      Rare semi-oceanfront land with community amenities and ocean views.
      1272 Sandcastle Drive lot: 161, Corolla, NC 27927
      View Details
    • $370,000

      Semi-Oceanfront Land in Corolla, NC

      Dream homesite in Corolla's 4x4 area, near the beach.
      1671 Sandpiper Road, Corolla, NC 27927
      View Details
    • $275,000

      Semi-Oceanfront Lot in Carova Beach

      Desirable homesite with exceptional views and unmatched coastal living.
      2166 Sandfiddler Road, Corolla, NC 27927
      View Details
    • $399,999

      Oceanside Lot in Corolla, NC

      Build your dream beach home on this oceanside lot!
      643 Sanderling Trail lot: 59, Corolla, NC 27927
      View Details
    • $108,700

      Corolla, NC Land Opportunity

      Fourth-row lot near the beach in Corolla, North Carolina.
      2356 Sandpiper Road lot: 10, Corolla, NC 27927
      View Details
    • $110,000

      Carova Beach Homesite Opportunity

      Quiet 1/3 acre homesite near the beach.
      2256 Sandpiper Road lot: 3, Corolla, NC 27927
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 14,700 sq ft corner lot near Corolla's Swan Beach.
    Where is this residential land & home lot located?
    The property is located at 1600 Ocean Pearl Road lot 12 Corolla, NC.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: Buildable 14,700 sq ft corner lot in Carova's 4x4 Swan Beach area, ideal for a primary home or coastal getaway.; Located in an X flood zone and only six lots from the oceanfront.; Backs onto 100 acres of Currituck County land, providing space, privacy, and natural surroundings.
    (252) 207-6588
    We can help!
    Listing Contact
    The Myatt Group Team
    Real Estate License ID: 185795
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1600 Ocean Pearl Road lot: 12, Corolla, NC 27927
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!