Opportunity abounds at this oceanfront retreat in the

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Home For Sale

601 Schooner Ridge Lot V

Corolla, North Carolina 27927

Currituck County

Beachfront: Yes

Ocean View: Yes

Community: Ocean Sands

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$1,699,000 6 br, 4.0 bath 2394 sq. ft. 0.000 acres

Opportunity abounds at this oceanfront retreat in the sought-after Ocean Sands community of Corolla. This property offers exceptional flexibility, with confirmation that the lot can accommodate a 7-bedroom new construction home with a pool. A site plan has already been engineered and is available in the associated documents. Twiddy's rental projection for a new construction 7-bedroom oceanfront home with a pool ranges from $271,905-$312,406, making this an outstanding investment opportunity. The current 6-bedroom cottage has been cherished by the same family for three generations since 1980. It captures the simple Outer Banks lifestyle of yesteryear, when families would head to the coast for long weekends and summers spent watching children build sandcastles, playing in the waves, and ending the day with an outdoor shower, freshly picked crabs on the screened porch, and stargazing by the sea. For those who value the nostalgia of a traditional coastal cottage, this home offers the perfect chance to renovate and enjoy a classic beach retreat. Ideally located beside the community's beach walkway, the property provides effortless access to the sand and surf just steps from your door. From sunrise views over the Atlantic to quiet walks or bike rides through Corolla's peaceful streets, the setting embodies the best of coastal living. Nearby attractions include the historic Corolla Village, Currituck Beach Lighthouse, local shops, restaurants, and the famous wild horse tours that make this area so special. Whether you choose to restore the existing home or build anew, this oceanfront property offers endless potential, an unbeatable location, and the timeless appeal of Corolla living. Please note: An older-style metal spiral staircase provides access to the third level and is best suited for those in good health who can comfortably navigate stairs. Current tax records state 4 bedrooms. Owner is working with county to have record updated.

Interior:
  • Bedrooms: 6
  • Baths: 4.0
  • Sq Ft: 2394
  • Year Built: 0
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: Paved or Surfaced
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • Beachfront: Yes
  • View Types: Ocean
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $10,996
  • MLS #: 130747
  • Unit Number: Lot V
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Contact Information:
Beach Home For Sale in Corolla, North Carolina
Listing Agent: Briann Mehfoud, Twiddy & Company of Duck, Inc., 252-202-1122, 252-457-1600 Listing Site, Listing Status: Active
Copyright © 2025 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.
Ad Number: 6719573
Viewed 74 times.
Updated: Oct 21, 2025

This property is a Home located at 601 Schooner Ridge Lot V, Corolla, North Carolina 27927, and is currently For Sale at $1,699,000. This Home has 6 bedrooms, 4.0 baths, 2394 sq ft.