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1 Banks Road, Wilmington, NC 28411

$8,600,000

Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 5,985 Lot Size (sq. ft.): 22,390 Status: Closed

Current Price: $8,600,000 List Date: 2/01/2025 Last Modified: 3/21/2025

Description

Nestled by the sound directly across the street from the ocean, this exquisite 5 bedroom, 5 full bath, 2 half bath home boasts panoramic views of Figure Eight Island. Originally envisioned by architects Henry and Ian Johnston and built by Master Craftsman Fred Murray over several years, its quality is unparalleled. Every room offers unobstructed views of the sound, marsh, Intracoastal Waterway and ocean, showcasing the island's curvature and the iconic Figure Eight Island Bridge. Meticulously maintained and extensively renovated in 2020, the home features Ipe decks and rail caps, Centor accordion doors enhancing seamless indoor-outdoor living, a screened porch, and both covered and uncovered decks. An outdoor kitchen and dining area complements the expansive, beautifully landscaped lawn along the first level. Enjoy a range of water activities such as paddle boarding and kayaking right out your back door. Recent additional updates include custom cabinets throughout the fully renovated kitchen, new hardwood flooring throughout home, custom mahogany trim, lighting fixtures and expanded decks. This 6,000+ sq ft home was thoughtfully designed and laid out to function as either a vacation home or year round residence. Spacious first floor den, full laundry area, large butler's pantry, elevator, office/gym area, outside shower, bonus 1/2 bath, storage room and 2 car attached garage. Sold Furnished with minor exclusions. Figure Eight Island Yacht Club Warrant Included. Offering a blend of luxury, breathtaking views, and extensive amenities perfect for coastal living, this home is a rare Figure Eight Island find.

More Information MLS# 100459191

Building/Ext Features

ud_i_08: 1

Property Interior Info

Total SqFt - Heated (Primary + Separate): 5985 # Rooms: 7 # Baths - Full: 5 # Baths - Half: 2 # Baths - Total: 7 Master Bedroom Level: Primary Living Area Stories: 3 Fireplace Y/N: Yes SqFt - Heated (Primary): 5985 # Bedrooms: 5

Contract Info

Delayed Marketing?: No Sub-Type: Single Family Residence Construction Type: Stick Built List Price/SqFt: 1537.18 Stipulation of Sale: Standard Status: Closed Marketing Start Date: 2024-08-03 Listing Price: 9200000 Current Price: $8,600,000

Location Information

City Limits: No Marketing City: Wilmington Secondary Subdivision: N/A Street #: 1 Street Name: Banks Street Suffix: Road County: New Hanover State/Province: NC Zip Code: 28411 Subdivision: Figure Eight Island Geo Lat: 34.259785 Geo Lon: -77.754211

Remarks and Showing

Sign on Property: Yes Directions to Property: Market Street/ HWY 17 to Porters Neck Road. Right onto Edgewater Club Road. Thru security and over bridge to Bridge Road. Right onto Beach Road South, Right onto Banks Road. First driveway on the right.

Property Exterior Info

New Construction: No Lot Acres: 0.51 Lot Dimensions: Per original Plat Lot SqFt: 22390 Waterfront: Yes Waterview: Yes Location Type: Island Horses Y/N: No

Legal & Taxes

Tax Assessed Value: 3383600 Total Real Estate Property Taxes: 17679.31 Deed Book: 6023 Deed Page: 651 Legal: Lot 1 Sec 7 Figure 8 Island Broker Owner: No PID: R04520-001-022-000 Tax Identifier: R04520-001-022-000 Plat Book: 13 Plat Page: 18 Special Assessments: Masons Inlet Maintenance etal Tax Year: 2023 Zoning: R-20S HOA: Yes Cobra Zone: No Federal Flood Ins Avlbl: Yes Elementary School: Porters Neck Middle School: Holly Shelter High School: Laney

Garage & Parking

Attached Garage Spaces: 2 Detached Garage Spaces: 0 Total # Garage Spaces: 2 Total Carport Spaces: 0

Parking Features

Garage Door Opener: 1 On Site: 1 Paved: 1

HOA and Neigh Amenities

Beach Access: 1 Beach Rights: 1 Gated: 1 Jogging Path: 1 Maint - Comm Areas: 1 Ramp: 1 Tennis Court(s): 1 Trash: 1 Waterfront Community: 1 Owner Pets Only: 1

HOA

Association Fee 1/Year: 6690 Association Name: Figure Eight Beach HOA Association Phone: 9106860635

Frontage Type

Sound Front: 1

View Type

Creek/Stream: 1 ICW View: 1 Marsh View: 1 Ocean: 1 Sound View: 1 Water: 1

Construction

Wood Frame: 1

Lot Water Features

Bulkhead: 1 Salt Marsh: 1 Second Row: 1 Sound Side: 1 Water Access Comm: 1

Exterior Features

Exterior Kitchen: 1 Irrigation System: 1 Outdoor Shower: 1 Shutters - Board/Hurricane: 1

Exterior Finish

Cedar: 1 Shake Siding: 1

Terms

Cash: 1

Fencing

None: 1

Foundation

Pilings: 1 Slab: 1

Flooring

Tile: 1 Wood: 1

Fuel Tank

Above or Below Ground: Below Ground Fuel Type: Propane Owned or Leased: Owned

Fuel Tank Ownership

Owned: 1

Patio and Porch Features

Covered: 1 Deck: 1 Open: 1 Patio: 1 Porch: 1 Screened: 1

Pool Features

None: 1

Roof

Shake: 1

Levels

3 Story or More: 1

Road Type/Frontage

Paved: 1 Private Road: 1

Lot Features

Interior Lot: 1

Cooling

Central Air: 1 Heat Pump: 1

Heated SqFt

5500 - 5999: 1

Heating

Heat Pump: 1

Heating System Fuel Source

Electric: 1

Water Heater

Electric: 1

Utilities

Water Available: 1

Sewer

Septic Tank: 1

Water Source

Community Water: 1

Furnished

Furnished: 1

Interior Features

Blinds/Shades: 1 Bookcases: 1 Ceiling Fan(s): 1 Elevator: 1 Entrance Foyer: 1 Gas Log: 1 High Ceilings: 1 Kitchen Island: 1 Pantry: 1 Reversed Floor Plan: 1 Solid Surface: 1 Vaulted Ceiling(s): 1 Walk-in Shower: 1 Walk-In Closet(s): 1

Security Features

Smoke Detector(s): 1

Laundry Features

Laundry Room: 1

Dining Room Type

Combination: 1

Other Structures

Outdoor Kitchen: 1 Storage: 1

Home Warr/Termite

Home Warranty Company: 2-10 Home Warranty Amount: 850

Legal Taxes

Year Built: 2002

Status Change Info

Under Contract Date: 2025-01-30 Sold Price: $8,600,000 Sold Date: 2025-03-18

Property Features

Frontage Type: Sound Front View Type: Creek/Stream; ICW View; Marsh View; Ocean; Sound View; Water Construction: Wood Frame Exterior Features: Exterior Kitchen; Irrigation System; Outdoor Shower; Shutters - Board/Hurricane Exterior Finish: Cedar; Shake Siding Fencing: None Foundation: Pilings; Slab Fuel Tank Ownership: Owned Parking Features: Garage Door Opener; On Site; Paved Patio and Porch Features: Covered; Deck; Open; Patio; Porch; Screened Pool Features: None Roof: Shake Levels: 3 Story or More Lot Features: Interior Lot Lot Water Features: Bulkhead; Salt Marsh; Second Row; Sound Side; Water Access Comm Cooling: Central Air; Heat Pump Heating: Heat Pump Heating System Fuel Source: Electric Water Heater: Electric Utilities: Water Available Sewer: Septic Tank Water Source: Community Water Flooring: Tile; Wood Furnished: Furnished Interior Features: Blinds/Shades; Bookcases; Ceiling Fan(s); Elevator; Entrance Foyer; Gas Log; High Ceilings; Kitchen Island; Pantry; Reversed Floor Plan; Solid Surface; Vaulted Ceiling(s); Walk-in Shower; Walk-In Closet(s) Security Features: Smoke Detector(s) Laundry Features: Laundry Room Heated SqFt: 5500 - 5999 Dining Room Type: Combination Other Structures: Outdoor Kitchen; Storage HOA and Neigh Amenities: Beach Access; Beach Rights; Gated; Jogging Path; Maint - Comm Areas; Ramp; Tennis Court(s); Trash; Waterfront Community; Owner Pets Only Terms: Cash

Listing Office: Figure Eight Realty

IDX

Last Updated: March - 21 - 2025

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