A profitable vacation rental home investment does not have to be an oceanfront property. While oceanfront homes in Corolla do command higher rents, they also cost more to purchase and maintain. Consider going a few rows back to find an affordable alternative. Oceanside homes are usually only a short walk to the beach, and many do not require crossing any major roads to get there. Here are some of our favorite features of oceanside Outer Banks communities in Corolla.
The communities selected on the list were selected based on multiple criteria. There are many communities that have fabulous resort amenities. These communities share the cost of the amenities between vacation homeowners, allowing them to offer more to guests at a more affordable price. Vacationers traveling with large groups or extended families appreciate the wide variety of activities so there is something to appeal to everyone in their group.
At the opposite end of the spectrum are communities with no shared amenities and no HOA. These are a good choice when you intend to include your own private pool and or hot tub; this way, you are not paying for shared amenities your guest may not use as well as your own private amenities.
The property owner must pay for the installation and maintenance of the private pool and hot tub. The maintenance of a pool and hot tub is typically over $150 per week. In the Outer Banks market, homes with private pools and hot tubs tend to command a higher rent that allows them to pay the additional maintenance cost. Having all the guest amenities within the private vacation home is ideal for extended families or groups that want the most quality time together.
For many folks, the Atlantic Ocean is the real draw and nothing else matters. Well, most prefer to have air conditioning and to stay in a clean and comfortable home, but they do not want a private pool or hot tub. These “old-school” beachgoers just need the beach to refresh and rejuvenate. From relaxing under a beach umbrella to surfing or bodyboarding, a day at the beach is an ideal escape from it all.
Ocean to Sound
Many of the communities in Corolla span from ocean to sound. While the beach and oceanfront are the largest draws for vacationers, increasingly many travelers seek out alternative adventures and go kayaking on the sound to view the birds and wildlife. There is peace and tranquility when you are alone with nature. Other soundfront activities include parasailing, windsurfing, and kiteboarding.
Corolla Oceanside Communities
Villas at Corolla Bay
The Villas at Corolla Bay is one of the newest communities in Corolla. This oceanside community has quickly gained popularity with vacationers, with the short walk to the beach and all the community amenities.
There is a centrally located community pool, a bathhouse, shuffleboard, a basketball court, horseshoes, and a picnic area. Some of the homes in the community have private pools and hot tubs. This community also has sound access. It is perfect for a year-round, second home, or vacation rental property.
Villages at Ocean Hill
The Villages at Ocean Hill is the most northern community in Corolla before you reach the 4x4 area. It is an ocean-to-sound community and includes excellent community amenities. There are two swimming pools; one is located on the oceanfront and the other is on Lakeside Drive next to the fitness center. There are also two tennis courts that can be reserved in advance, or take a chance with first-come, first-served. Next to the tennis courts are the basketball courts, a volleyball/badminton court, shuffleboard, four-square courts, and playground.
Buck Island is a delightful, intimate oceanside community with homesites, Charleston Place homes, and duplex Key West-style homes. Buck Island is located at Mile Marker 7 in the heart of Corolla. It has a very popular mix of amenities.
This gated community has lit sidewalks and a beach boardwalk that is private to residents and their guests. There are beach cabanas, equipment rentals on-site, tennis courts, a basketball court, a community pool with a jetted tub, and a playground. This community is located next to Timbuck II and Monteray Plaza for convenient shopping and dining.
Crown Point is centrally located in Corolla near Timbuck II and Monteray Plaza and just south of Buck Island. It is a small community of four- to seven-bedroom homes, both oceanfront and oceanside. The community amenities include a community pool, tennis court, and three beach accesses.
Whalehead Beach is an older established community in Corolla with generous lot sizes. It spans three miles along the Atlantic Ocean with three streets that run parallel to the oceanfront. There are beach accesses at the end of every block. There are also parking lots near some of the beach accesses to make it easier for families who need to bring lots of stuff to the beach. The community does not have a homeowners association or community amenities. Many homeowners have installed private pools and hot tubs to attract guests.
Pine Island is one of the most exclusive developments in the Outer Banks. It is located just to the north of Duck at the southern end of Corolla. To the west of the community is the 6,000-acre nature preserve owned by the Audubon Sanctuary with a 2.5-mile self-guided nature trail through the sanctuary. The preserved area keeps the sound views open and clear of development.
The Pine Island community was established with its own airstrip, and recently chartered flights have been added to the airport.
Pine Island has two community pools with one located on the oceanfront and the other on the northern end of the community. Pine Island has community tennis courts available for residents and guests to use for free. In addition, the racquet and tennis club has additional facilities, including indoor tennis courts, a workout facility, and ball machine rental. The facility is available for an additional fee.
We would love to help you with your dream oceanside home in Corolla. Enjoy the full amount of rental income without the full year of expenses. Please contact our team to learn more about opportunities on the Outer Banks.