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
Contract Info
Sub-Type: Single Family Residence
Construction Type: Stick Built
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2024-08-03
Listing Price: 9200000
Current Price: $8,600,000
List Price/SqFt: 1537.18
Stipulation of Sale: None
Location Information
Street #: 1
Street Name: Banks
Street Suffix: Road
County: New Hanover
State/Province: NC
Zip Code: 28411
City Limits: No
Marketing City: Wilmington
Subdivision: Figure Eight Island
Secondary Subdivision: N/A
Geo Lat: 34.259785
Geo Lon: -77.754211
Remarks and Showing
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.
Sign on Property: Yes
Property Exterior Info
New Construction: No
Lot Acres: 0.51
Lot SqFt: 22390
Lot Dimensions: Per original Plat
Waterfront: Yes
Waterview: Yes
Horses Y/N: No
Location Type: Island
Property Interior Info
SqFt - Heated (Primary): 5985
Total SqFt - Heated (Primary + Separate): 5985
# Rooms: 7
# Baths - Full: 5
# Baths - Half: 2
# Baths - Total: 7
# Bedrooms: 5
Master Bedroom Level: Primary Living Area
Stories: 3
Legal Taxes
Year Built: 2002
Status Change Info
Under Contract Date: 2025-01-30
Sold Price: $8,600,000
Sold Date: 2025-03-18
Fuel Tank
Above or Below Ground: Below Ground
Fuel Type: Propane
Owned or Leased: Owned
HOA
Association Fee 1/Year: 6690
Association Name: Figure Eight Beach HOA
Association Phone: 9106860635
Property Features
Frontage Type: Sound Front
View Type: Creek; 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
Roof: Shake
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
Fireplace: 1
Flooring: Tile; Wood
Furnished: Furnished
Interior Features: Blinds/Shades; Bookcases; Ceiling Fan(s); Elevator; Entrance Foyer; Gas Log; High Ceilings; Kitchen Island; Pantry; Reverse Floor Plan; Solid Surface; Vaulted Ceiling(s); Walk-in Closet(s); Walk-in Shower
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; Owner Pets Only
Terms: Cash
Listing Office: Figure Eight Realty
Last Updated: March - 21 - 2025
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