$7,200,000

Estimated payment $42,101/month

Total Views 1,666
1.31 Acres
$5,496,183 Price per Acre
57,064 Sq Ft Lot

Highlights

  • 100 Feet of Waterfront
  • Community Beach Access
  • Gated Community
  • Porters Neck Elementary School Rated A-
  • Ocean View
  • 1.31 Acre Lot

About This Lot

Offering a rare opportunity to secure a unique piece of oceanfront paradise in one of the most exclusive and private locations on the coast, Figure Eight Island. Whether you're looking to make improvements to the existing cottage or build a luxury estate, the possibilities are endless. The combination of breathtaking views, direct beach access, protection and the potential for future growth makes this an exceptional investment.This 1.30 acre lot provides one of the largest building envelopes available on the island, the possibilities for renovation, expansion or a new construction are truly vast. The current cottage located on the lot offers 4-bedrooms, 4 1/2-baths. The home is well-suited for renovation, offering the chance to reimagine the interior and exterior while still preserving its charming coastal character or start fresh with a new design and build. The lot elevations and landscaping along the front of this property ensure privacy off the community's private road. Exceptional dune protection along the ocean front provides added security for the property, protecting it from erosion and preserving the surrounding environment. Direct easy access to the beach. Sweeping views of the contour of the island in both directions. Lot purchase includes existing structure and Figure Eight Island Yacht Club Warrant.Whether your styling is more modern, transitional or traditional this lot location offers the ultimate in design possibilities.Renderings by Lisle Architecture & Design, Inc.

Listing Agent

Kirra Sutton

Figure Eight Realty License #216149

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,285

Year Built

  • 1978

Lot Details

  • 1.31 Acre Lot
  • 100 Feet of Waterfront
  • Ocean Front
  • Property fronts a private road
  • Dunes
  • Property is zoned R-20S

HOA Fees

  • $558 Monthly HOA Fees

Schools

  • Porters Neck Elementary School
  • Holly Shelter Middle School
  • Laney High School

Utilities

  • On Site Septic
  • Septic Tank
  • Cable TV Available

Additional Features

  • Ocean Views
  • Accessible Ramps

Listing and Financial Details

  • Assessor Parcel Number R03815-001-006-000

Community Details

Overview

  • Figure Eight Beach HOA, Phone Number (910) 686-0635
  • Figure Eight Island Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Community Beach Access
  • Tennis Courts
  • Trails
  • Water Access

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$16,285

Year Built

1978

Lot Details

0

HOA Fees

$558 per month

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Ocean Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1978

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 100
  • Water Frontage: 100.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Utilities: Cable Available, Septic On Site, Electricity Connected, Community Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Beach Access, Tennis Court(s), Trash, Trail(s), Gated, Ramp, Maint - Comm Areas
  • HOAAssociationFee1Year: 6690.00
  • HOAAssociationName: Figure Eight Beach HOA
  • HOAAssociationPhone: 9106860635

Lot Info

  • Deed Page: 2099.00
  • Lot Description: Dunes, Subdivision, See Remarks
  • Lot Sq Ft: 57281.00
  • Lot Water Features: Water Access Comm, Waterfront Comm
  • Plat Book: 18
  • Plat Page: 39
  • Special Assessments: Masons Inlet Maintenance
  • Zoning: R-20S
  • Acres: 1.31
  • Current Use: Residential, Single Family
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 5496183.21
  • Soil Evaluation Other: septic onsite
  • Topography: See Remarks
  • Lot View Type: Ocean View, See Remarks, Water View

Tax Info

  • Tax Identifier: R03815-001-006-000
  • Tax Year: 2024
  • Total Real Estate Property Taxes: 16285.28

MLS Schools

  • Elementary School: Porters Neck
  • High School: Laney
  • Middle School: Holly Shelter

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $0 $3,116,800 $2,659,800 $457,000
2022 $16,509 $3,116,800 $2,659,800 $457,000
2021 $17,076 $3,116,800 $2,659,800 $457,000
2020 $11,847 $1,873,100 $1,490,500 $382,600
2019 $11,847 $1,873,100 $1,490,500 $382,600
2018 $0 $1,873,100 $1,490,500 $382,600
2017 $12,128 $1,873,100 $1,490,500 $382,600
2016 $10,886 $1,570,900 $1,226,700 $344,200
2015 $10,117 $1,570,900 $1,226,700 $344,200
2014 $9,944 $1,570,900 $1,226,700 $344,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 For Sale $7,200,000 0.0% --
03/03/2025 03/03/25 For Sale $7,200,000 -- $2,174 / Sq Ft
Source: Hive MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Deed $640,000 --
Deed -- --
Source: Public Records

Similar Property in Wilmington, NC

  • 615 N Front St, Wilmington, NC 28401

    $5,495,000

    • Land
    • 1.58 Acres
    • $3,477,848 per Acre
    • 615 N Front St
    • Wilmington, NC

    Land Development opportunity located in City of Wilmington's Central Business District. This 1.579 Acres parcel is located right in center of the Downtown Area. This parcel use to be the old WWAY site that is positioned directly across from the Wilmington Convention Center. Incredible potential to expand in the fast paced growth of the Wilmington Downtown area.

    Jeff Hovis Intracoastal Realty Corp

    Section Image

Source: Hive MLS

MLS Number: 100500642

Hive MLS

APN: R03815-001-006-000