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
Overview
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.
Listing Details MLS# 100459191
Contract Info
- Sub-Type
- Single Family Residence
- Construction Type
- Stick Built
- Delayed Marketing?
- No
- Marketing Start Date
- 2024-08-03
- Listing Price
- 9200000
- List Price/SqFt
- 1537.18
- Stipulation of Sale
- Standard
Location Information
- Street #
- Yes
- 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
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
- Fireplace Y/N
- Yes
Legal Taxes
- Year Built
- 2002
More Information
Status Change Info
- Under Contract Date
- 2025-01-30
- 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
Building/Ext Features
- ud_i_08
- 1
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
- Yes
- On Site
- Yes
- Paved
- Yes
HOA and Neigh Amenities
- Beach Access
- Yes
- Beach Rights
- Yes
- Gated
- Yes
- Jogging Path
- Yes
- Maint - Comm Areas
- Yes
- Ramp
- Yes
- Tennis Court(s)
- Yes
- Trash
- Yes
- Waterfront Community
- Yes
- Owner Pets Only
- Yes
Frontage Type
- Sound Front
- Yes
View Type
- Creek/Stream
- Yes
- ICW View
- Yes
- Marsh View
- Yes
- Ocean
- Yes
- Sound View
- Yes
- Water
- Yes
Construction
- Wood Frame
- Yes
Lot Water Features
- Bulkhead
- Yes
- Salt Marsh
- Yes
- Second Row
- Yes
- Sound Side
- Yes
- Water Access Comm
- Yes
Exterior Features
- Exterior Kitchen
- Yes
- Irrigation System
- Yes
- Outdoor Shower
- Yes
- Shutters - Board/Hurricane
- Yes
Exterior Finish
- Cedar
- Yes
- Shake Siding
- Yes
Terms
- Cash
- Yes
Fencing
- None
- Yes
Foundation
- Pilings
- Yes
- Slab
- Yes
Flooring
- Tile
- Yes
- Wood
- Yes
Fuel Tank Ownership
- Owned
- Yes
Patio and Porch Features
- Covered
- Yes
- Deck
- Yes
- Open
- Yes
- Patio
- Yes
- Porch
- Yes
- Screened
- Yes
Pool Features
- None
- Yes
Roof
- Shake
- Yes
Levels
- 3 Story or More
- Yes
Road Type/Frontage
- Paved
- Yes
- Private Road
- Yes
Lot Features
- Interior Lot
- Yes
Cooling
- Central Air
- Yes
- Heat Pump
- Yes
Heated SqFt
- 5500 - 5999
- Yes
Heating
- Heat Pump
- Yes
Heating System Fuel Source
- Electric
- Yes
Water Heater
- Electric
- Yes
Utilities
- Water Available
- Yes
Sewer
- Septic Tank
- Yes
Water Source
- Community Water
- Yes
Furnished
- Furnished
- Yes
Interior Features
- Blinds/Shades
- Yes
- Bookcases
- Yes
- Ceiling Fan(s)
- Yes
- Elevator
- Yes
- Entrance Foyer
- Yes
- Gas Log
- Yes
- High Ceilings
- Yes
- Kitchen Island
- Yes
- Pantry
- Yes
- Reversed Floor Plan
- Yes
- Solid Surface
- Yes
- Vaulted Ceiling(s)
- Yes
- Walk-in Shower
- Yes
- Walk-In Closet(s)
- Yes
Security Features
- Smoke Detector(s)
- Yes
Laundry Features
- Laundry Room
- Yes
Dining Room Type
- Combination
- Yes
Other Structures
- Outdoor Kitchen
- Yes
- Storage
- Yes
Home Warr/Termite
- Home Warranty Company
- 2-10
- Home Warranty Amount
- 850
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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