517 Beach Road N, Wilmington, NC 28411
$2,650,000
Property Type:
Land
Lot Size (sq. ft.):
26,833
Status:
Active
Current Price:
$2,650,000
List Date:
4/20/2024
Last Modified:
4/16/2025
Description
Rare opportunity to build your dream home on exclusive, private Figure Eight Island! This large .62 acre lot is just steps away from the beach and provides the opportunity to design a home capturing views of the ocean, inlet, marsh and ICW. Preliminary plans including a pool by Maria Williams with John Stirewalt Architecture are available (see attached documents). Previously permitted for a Four bedroom permit septic system.
A Figure Eight Island Yacht Club Charter Membership included ($60,000 value)...offering access to a large pool and cabana, clay tennis courts, fitness classes, the opportunity to lease a boat slip in the Marina (there is a waitlist), and dining facilities. In addition the HOA offers a boat ramp, walking/biking trail and tennis/pickleball courts to all island residents.
Figure Eight is a gated community offering immense privacy and over 5 miles of pristine beach. Enjoy the beauty and tranquility that you can only find on Figure Eight Island!
More Information MLS# 100439911
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2024-04-17
Sub-Type: Residential Land
Listing Price: 2650000
Current Price: $2,650,000
List Price/Acre: 4274193.55
Stipulation of Sale: Standard
Location Information
Street #: 517
Street Name: Beach
Street Suffix: Road
Post Direction: N
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: 34.290132
Geo Lon: -77.720176
Remarks and Showing
Directions to Property: 17 N to Porters Neck Road to Right on Edgewater Club Road to Figure Eight Gate. Continue on Bridge Road to left on Beach Road North
Sign on Property: Yes
Property Exterior Info
Acres - Total: 0.62
Lot Dimensions: 103x294x78x300
Lot SqFt: 26833
Deed Restriction: Yes
Total Road Frontage: 103
Waterfront: No
Waterview: Yes
Location Type: Island
Legal and Taxes
Tax Assessed Value: 963000
Deed Book: 5974
Deed Page: 2762
Legal: Lot 54, Block B, Section 18 Figure Eight Island
Broker Owner: No
PID: R03811003004000
Tax Identifier: R03811-003-004-000
Plat Book: 18
Plat Page: 87
Total Real Estate Property Taxes: 5031.68
Special Assessments: Mason's Inlet periodically
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
Soil Evaluation
Other: 4 bdrm septic permit
HOA
Association Fee 1/Year: 6400
Association Name: Figure Eight Island Homeowners Assoc
Association Phone: 9106860635
HOA 1 Address: 15 Bridge Road Wilm
Property Features
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Topography: Undeveloped
View Type: Water
Fuel Tank: None
Environmental Hazard: No
Lot Description: Interior Lot
Utilities: Water Available
Sewer: Septic Permit On File
Water Source: Community Water
Lot Water Features: Water Access Comm
HOA and Neigh Amenities: Beach Access; Gated; Jogging Path; Maint - Comm Areas; Maint - Roads; Ramp; Security; Tennis Court(s); Trash; Waterfront Community
Terms: 1031 Exchange; Cash; Conventional
Listing Office: Figure Eight Realty
Last Updated: April - 16 - 2025
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