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88 Beach Road S, Wilmington, NC 28411

$2,750,000

Property Type: Land Lot Size (sq. ft.): 24,389 Status: Closed

Current Price: $2,750,000 List Date: 7/20/2020 Last Modified: 11/10/2020

Overview

Description

Prime ocean front lots on exclusive Figure Eight Island do not come along often..... and this lot is one of them! Build the home of your dreams on a private island. Figure Eight Island Yacht Club Warant included.

Listing Details MLS# 100227616

Contract Info

Marketing Start Date: 2020-07-17
Sub-Type: Residential Land
Auction: No
Listing Price: 2850000
List Price/Acre: 5089285.71
Stipulation of Sale: Standard

Location Information

Street #: 88
Street Name: Beach
Street Suffix: Road
Post Direction: S
County: New Hanover
State/Province: NC
Zip Code: 28411
City Limits: No
Marketing City: Wilmington
Subdivision: Figure Eight Island
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Take Highway 17 North to Left on Porters Neck Road. Turn right onto Edgewater Club Road. Go through security to Bridge Road bear right onto Beach Road South.
Sign on Property: Yes

Property Exterior Info

Acres - Total: 0.56
Lot SqFt: 24389
Deed Restriction: Yes
Total Road Frontage: 100
Waterfront: Yes
Water Frontage: 100
Waterview: Yes
Location Type: Island

Legal and Taxes

Tax Assessed Value: 1364500
Deed Book: 6101
Deed Page: 2857
Legal: 141 SEC 4 FIGURE 8 ISLAND
Broker Owner: No
PID: R04520-002-008-000
Tax Identifier: R04520-002-008-000
Plat Book: 3026
Plat Page: 467
Special Assessments: Mason's Inlet Periodically
Tax Year: 2019
Zoning: R-20S
HOA: Yes
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
School District: New Hanover
Elementary School: Porters Neck
Middle School: Holly Shelter
High School: Laney

Status Change Info

Under Contract Date: 2020-07-30
Sold Date: 2020-11-09

More Information

Current Service Providers

Electric Provider: Duke Energy

HOA

Association Fee 1/Year: 5085
HOA 1 Mgmt. Company: Figure Eight HOA
HOA 1 Mgmt. Phone: 910.686.0635

Current Use

Residential: Yes

Bldgs on Property

None: Yes

HOA and Neigh Amenities

Boat Dock: Yes
Gated: Yes
Maint - Comm Areas: Yes
Security: Yes
Tennis Court(s): Yes
Trail(s): Yes

Soil Evaluation

Soil Evaluation - No: Yes

Frontage Type

Oceanfront: Yes

Topography

Cleared: Yes

Terms

1031 Exchange: Yes
Cash: Yes

Fencing

None: Yes

Fuel Tank

None: Yes

Environmental Hazard

Unknown: Yes

Road Type/Frontage

Private Road: Yes

Utilities

Water Available: Yes

Sewer

Septic Tank: Yes

Water Source

Community Water: Yes

Property Features

Current Use: Residential Bldgs on Property: None Soil Evaluation: Soil Evaluation - No Frontage Type: Oceanfront Topography: Cleared Fencing: None Fuel Tank: None Environmental Hazard: Unknown Utilities: Water Available Sewer: Septic Tank Water Source: Community Water HOA and Neigh Amenities: Boat Dock; Gated; Maint - Comm Areas; Security; Tennis Court(s); Trail(s) Terms: 1031 Exchange; Cash

IDX

Listing Office: Figure Eight Realty

Last Updated: November - 10 - 2020

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