New Real Estate Development Opportunity in Corolla, NC

News Summary

Corolla, North Carolina’s real estate market is buzzing with news of a remarkable land listing by NAI Global. Covering over 177 acres with beach access and approved for substantial developments, this prime property offers unmatched potential for developers. With infrastructure in place and future access improvements on the horizon, the parcels present a unique opportunity for creating a destination project that could transform the area’s landscape. Don’t miss the chance to explore this rare find in the Outer Banks.

Exciting News for Corolla, North Carolina’s Real Estate Market!

Corolla, a charming gem in North Carolina’s Outer Banks, is buzzing with thrilling real estate news that has the whole town talking! NAI Global has just announced a spectacular land listing that many in the area believe to be a once-in-a-lifetime opportunity. Are you ready for the details? Hold onto your hats!

A Whopping 177+ Acres Awaiting Development

Yes, you read that right! This listing boasts a staggering 177+ acres of pristine, unimproved land in Corolla. Consisting of five parcels, this real estate treasure includes two parcels that offer direct beach access right on the shimmering Atlantic Ocean. Imagine the possibilities!

Choices Galore for Developers

The flexibility of these parcels is another significant attraction. The land is approved for development, which means the potential for creating up to 1,250 hotel rooms, 782 single-family homes, and almost 428,000 square feet of commercial space is on the table. Yes, it’s a developer’s dream come true!

Infrastructure in Place

Each parcel comes with municipal water and sewer services readily available, easing the path toward development. Plus, the area offers the highest building height allowances permitted in the Outer Banks for at least one section of the land. You can even rearrange density on a pre-approved basis, which provides added flexibility for anyone interested in these fabulous parcels.

Marina Potential Near Currituck Sound

There’s even more excitement! One of the parcels has the potential to feature a marina or boat launch facility with direct access to the tranquil Currituck Sound, as sanctioned by the local development agreement. Just picture the beautiful boats and families enjoying serene days on the water!

Large Waterfront Areas Available

The crown jewel among the parcels is an impressive 82.6 acres of prime real estate, alongside another gorgeous 44-acre waterfront area. Developers have the option to create exclusive family compounds or a larger destination project, tapping into your creative vision for what could become the next big attraction in the Outer Banks.

A Rare Find in a Desirable Location

Opportunities for such highly sought-after property listings are rare in this beloved resort region of the United States. The current listing, which is unpriced, is believed to be the largest of its kind—all without the hassle of pre-developed restrictions. Wouldn’t you love to make your mark on this vibrant community?

Improving Access with the New Mid-Currituck Bridge

Before you set your sights too high, it’s important to note that access to the northern Outer Banks is about to get a whole lot easier! Approval is underway for a new bridge, aptly named the Mid-Currituck Bridge, which will span an impressive 7 miles across Currituck Sound. This new infrastructure will significantly cut travel time, making it a breeze for visitors and residents alike to reach Corolla.

The Bigger Picture of NAI Global

Backing this exciting listing is NAI Global, a frontrunner in commercial real estate with a fantastic network that includes over 325 offices worldwide and a team of more than 5,800 talented professionals. They manage a vast array of properties, completing over $20 billion in transactions each year! So you know your investment will be in capable hands!

Your Chance to Explore

If you’re even remotely interested in venturing into the Corolla real estate market, these parcels are worth keeping an eye on. Whether you’re a developer planning a grand project or an individual wanting a serene family compound, the possibilities are endless!

Get ready, Corolla—big changes may be just around the corner! The Outer Banks is calling, and you won’t want to miss out on what this incredible listing has awaiting you!