Mixed-Use

Ocean Sands Resort - Section T

491 Ocean Trail, Corolla, NC 27927

Listing Price: Request For Offer

Lot Size
82.62 acres
Land Type
Land

Investment Overview

Ocean Sands Resort contains approximately 82.62 oceanfront acres located at 491 Ocean Trail (North Carolina Highway 12), Corolla, North Carolina on the Outer Banks in Currituck County. Corolla is the northernmost accessible town in the Outer Banks and is regarded as one of the most upscale and popular areas on the Outer Banks with many multi-million-dollar homes. The property has approximately 2,420 linear feet of private white sand Atlantic Ocean beachfront.

Currituck County's vision for the property is for a high-quality destination resort. The County has issued a conditional use permit that allows the property to be developed on a "by-right" basis with a maximum height of 75 feet and allowable density level that is much higher than anywhere else on the Outer Banks. Other developable sites have a height restriction of 35 feet. This site presents a unique opportunity to develop a high-end hotel with up to 1,000 rooms, up to 438 residential dwelling units and up to 100,000 square feet of commercial/retail space. With the 75-foot height allowance, guests and residents will enjoy unobstructed views up and down the northern Outer Banks, as well as of the Atlantic Ocean and Currituck Sound.

Ocean Sands Resort land is across the street from The Currituck Club, a Rees Jones designed, semi-private, 18-hole championship golf course and is open to non-members on a walk-up basis. Other amenities include shopping and restaurants in Corolla and Duck, a 24-hour Harris Teeter grocery store with local restaurants and shops, along with water sports on the Atlantic Ocean and Currituck Sound. There are well over thirty restaurants and bars between Corolla and Duck to the south, with several award-winning restaurants, including The Left Bank which is located in the Sanderling Resort. Other prominent establishments include Elizabeth's Cafe & Winery and Blue Point Bar & Grill.

Investment Highlights

  • Entitled for 438 Residential Dwelling Units
  • Entitled for 100,000 Square Feet of Commercial/Retail Space
  • Approximately 2,420 Linear Feet of Ocean Frontage
  • Entitled for 1,000 Hotel Rooms

Exclusively Listed By

Mixed-Use

Ocean Sands Resort - Section T

Listing Price: Request For Offer

Lot Size
82.62 acres
Land Type
Land

Investment Highlights

  • Entitled for 438 Residential Dwelling Units
  • Entitled for 100,000 Square Feet of Commercial/Retail Space
  • Approximately 2,420 Linear Feet of Ocean Frontage
  • Entitled for 1,000 Hotel Rooms

Investment Overview

Ocean Sands Resort contains approximately 82.62 oceanfront acres located at 491 Ocean Trail (North Carolina Highway 12), Corolla, North Carolina on the Outer Banks in Currituck County. Corolla is the northernmost accessible town in the Outer Banks and is regarded as one of the most upscale and popular areas on the Outer Banks with many multi-million-dollar homes. The property has approximately 2,420 linear feet of private white sand Atlantic Ocean beachfront.

Currituck County's vision for the property is for a high-quality destination resort. The County has issued a conditional use permit that allows the property to be developed on a "by-right" basis with a maximum height of 75 feet and allowable density level that is much higher than anywhere else on the Outer Banks. Other developable sites have a height restriction of 35 feet. This site presents a unique opportunity to develop a high-end hotel with up to 1,000 rooms, up to 438 residential dwelling units and up to 100,000 square feet of commercial/retail space. With the 75-foot height allowance, guests and residents will enjoy unobstructed views up and down the northern Outer Banks, as well as of the Atlantic Ocean and Currituck Sound.

Ocean Sands Resort land is across the street from The Currituck Club, a Rees Jones designed, semi-private, 18-hole championship golf course and is open to non-members on a walk-up basis. Other amenities include shopping and restaurants in Corolla and Duck, a 24-hour Harris Teeter grocery store with local restaurants and shops, along with water sports on the Atlantic Ocean and Currituck Sound. There are well over thirty restaurants and bars between Corolla and Duck to the south, with several award-winning restaurants, including The Left Bank which is located in the Sanderling Resort. Other prominent establishments include Elizabeth's Cafe & Winery and Blue Point Bar & Grill.

Exclusively Listed By

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