OBX Real Estate

Corolla Light, is one of the Outer Banks finest resort  communities.  Like much of the Outer Banks, many opportunities exist to buy a home in Corolla Light.  Currently there are 39 residences being offered.  The majority of these are single-family homes but there are a couple available condos and townhomes.

The 39 available properties range in price from $324,000 to $4,500,000.  The average list price in Corolla Light is just over $892,000, thus making many homes in Corolla Light excellent opportunities for vacation home ownership.  One home investors may want to consider is MLS #.  It currently offers a capitalization rate over 8%.  If 2009 is another strong year for tourism, this number could likely increase.