This beautiful home at 783 Columbia Road, Corolla, NC  27927 finally sells as a short sale for $1,602,500.  This seven bedroom home has all amenities including both an indoor and outdoor pool plus game room.  Rental income was over $160,000 last year before expenses. 

Foreclosures have been declining but the short sales are becoming the way for investors to still get a great deal on Outer Banks real estate.  If any questions regarding our market, please email me at dawnstultz@embarqmail.com or phone at 252-489-8687.  You may search the entire Multiple Listing Service including all OBX short sales and foreclosures by visiting http://www.investinobx.com/.