Corolla, like its neighbor to the south (Duck), only has a population of about 500. Corolla is home to over 119 Spanish Mustangs located on a 12,000 acre preserve in the north. Largely a summer community, many of Corolla's houses are very large and perfect for multi-family vacations. Corolla is home to many famous landmarks within the outer banks area including the Currituck Beach Lighthouse, the Whalehead Club, the Corolla School House, and the Corolla Wild Horse Museum.
Corolla was home to many European settler communities in the 1600's and 1700's. The ample wildlife provided those communities with the perfect location to start anew. In 1892, a writer from Harpers Weekly wrote about the Currituck Banks in Corolla: "If there were any spot on earth that one would expect to find untenanted, it surely would be this stretch of sand between ocean and sound. …Yet there is a hardy race who have lived here from father to son for over a century. They exist entirely by hunting, fishing, rearing cattle and acting as guides.”
World War II had a enormous impact on the village of Corolla. The U.S. Coast Guard leased the Whalehead Club for use as a training facility, causing hundreds of sailors to flock to the area.
German U-boats came close to the shoreline of the Outer Banks resulting in many area residents covering their windows at night to cloak themselves from patrols. Cars were also required to drive without headlines when in close proximity to the shore.