NOT LISTED FOR SALE

Estimated Value: $6,152,000 - $9,204,947

5 Beds
8 Baths
7,539 Sq Ft
$1,079/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2020

Last sale price $4,950,000 $657 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $52,314 / mo

149 Days on Market

Highlights

  • Ocean Front
  • Water Access
  • Deck
  • Porters Neck Elementary School Rated A-
  • 1.3 Acre Lot
  • Vaulted Ceiling

About This Home

As of September 2020

This magnificent Figure Eight oceanfront residence, sited on an exceptionally deep and private lot, offers everything that could be desired for the ultimate family beach home. The house was built by Jimmy Burris and has been meticulously maintained. Interior features include a great room with soaring coffered ceilings, and a towering wall of windows that bring spectacular ocean views to both second and third floor living spaces. The kitchen with expansive bar seating area is the perfect gathering place for friends and family and includes center island with two dishwashers, double oven, and Subzero refrigerator. Each of the five bedrooms has an ensuite bath. The sprawling oceanfront decks are the ideal setting to relax and enjoy the endless views and sea breezes. This is a very rare opportunity that presents a spectacular and quality home on one of Figure Eight Island's most desirable locations. Yacht Club warrant conveys. Figure Eight is a private, gated island that is accessible only by a guarded bridge and is known for its pristine white sand beaches and crystal clear water. Located just off the coast of Wilmington North Carolina, Figure Eight is minutes from Historic Downtown Wilmington, Wilmington International Airport, Air Wilmington Private Jetport, as well as numerous world-class shopping and dining venues. Highly exclusive Eagle Point Golf Club, which has hosted the Wells Fargo PGA Championship, lies on the mainland adjacent to Figure Eight Island. Due to its extraordinary privacy, Figure Eight has long been a retreat for celebrities as well as CEOs and prominent families from the major east coast metros.

Last Agent to Sell the Property

Nick Phillips

Landmark Sotheby's International Realty License #250213 Listed on: 03/13/2020

Landmark Sotheby's International Realty

Last Buyer's Agent

Jo El Skipper

Figure Eight Realty License #215284

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 1.3 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • Irrigation
  • Property is zoned R-20S

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Piling Construction

Interior Spaces

  • 7,539 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Double Oven
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Softener

Community Details

  • Property has a Home Owners Association
  • Figure Eight Island Subdivision
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number R03815-001-009-000

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

1.3 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Secondary Subdivision: N/A
  • Year Built: 1999
  • Property Sub Type: Single Family Residence
  • View: Ocean, Water
  • Appliances: Built-In Microwave, Water Softener, Washer, Refrigerator, Dryer, Double Oven, Dishwasher
  • Original List Price: 5200000.00
  • Accessibility Features: Accessible Elevator Installed
  • Unit Levels: Three Or More
  • Living Area: 7539.00
  • Is New Construction?: No
  • Other Structures: Shower
  • Island Or Mainland: Island
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Sqft: 689.75
  • Special Features: None

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Flooring: Tile, Wood
  • Interior Amenities: Walk-in Closet(s), Vaulted Ceiling(s), High Ceilings, Elevator, Ceiling Fan(s), Furnished, Walk-in Shower, Blinds/Shades, Walk-In Closet(s)
  • Master Bedroom Level: Primary Living Area
  • Stories: 3
  • Laundry Features: Laundry Room
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Total Bedrooms: 9
  • Room Types: Dining Area
  • Window Features: Thermal Windows
  • Bathrooms Total Source: Computed
  • Bathrooms Total Notational: 6.20
  • Living Area Range: 7500 - 7999

Exterior Features

  • Exterior Features: Outdoor Shower, Irrigation System
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Roof: Shingle
  • Road Frontage Type: Oceanfront
  • Road Frontage Type: Private Road
  • Waterfront Features: Water Access Comm
  • Waterfront?: Yes
  • Foundation Details: Other, Slab, Pilings
  • Patio And Porch Features: Open, Covered, Deck

Garage/Parking

  • Has Attached Garage?: No
  • Garaged Spaces: 2.00
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Attached Garage Spaces: 2.00

Utilities

  • Utilities: Water Available
  • Heating System Fuel Source: Electric
  • Water Source: Community Water
  • Cooling: Central Air
  • Has Cooling?: Yes
  • Heating: Electric, Forced Air, Heat Pump
  • Heating Yn: Yes
  • Sewer Provider: Septic Tank
  • Fuel Tank Owned Or Leased: Owned
  • Fuel Tank Above Or Below Ground: Below Ground
  • Fuel Tank Fuel Type: Propane

Condo/Co-op/Association

  • Association Amenities: Maintenance Common Areas, Maintenance Roads
  • Association Fees: 5185.00
  • Has H O A?: Yes
  • Association Management Company Phone: 910-686-0635
  • Association Management Company: Figure Eight HOA

Lot Info

  • Deed Book: 5970
  • Deed Page: 2893.00
  • Zoning: R-20S
  • Lot Features: Water Access Comm
  • Lot Size Acres: 1.3
  • Lot Size: Irregular
  • Lot Size Sq Ft: 56641.00
  • Purchase Contract Date: 2020-08-09
  • Parcel#: R03815-001-009-000
  • Cobra Zone Y N: No
  • Permitted Use: Public

Tax Info

  • Tax Year: 2019
  • Tax Book Number: B108
  • Tax Map Number: 18
  • Tax Other Assessment Amount Frequency: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Aug 26, 2020
Sold by
Bought by
Seller's Agent
Nick Phillips
Landmark Sotheby's International Realty
Buyer's Agent
Jo El Skipper
Figure Eight Realty
List Price
$5,200,000
Sold Price
$4,950,000
Premium/Discount to List
-$250,000
-4.81%
Current Estimated Value
$8,132,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,182,316
Avg. Annual Appreciation
8.87%

Purchase Details

Closed on
May 17, 2016
Sold by
Bought by

Purchase Details

Closed on
May 12, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 1988
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 1979
Bought by
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,950,000 None Available
-- None Available
-- None Available
-- None Available
-- None Available
$500,000 --
-- --
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $4,950,000 -4.8% $657 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $5,200,000 -- $690 / Sq Ft
Source: Hive MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 -- $10,425,800 $5,295,200 $5,130,600
2023 $21,428 $4,049,400 $1,976,100 $2,073,300
2022 $21,428 $4,049,400 $1,976,100 $2,073,300
2021 $22,182 $4,049,400 $1,976,100 $2,073,300
2020 $18,607 $2,941,800 $1,470,800 $1,471,000
2019 $18,607 $2,941,800 $1,470,800 $1,471,000
2018 $18,607 $2,941,800 $1,470,800 $1,471,000
2017 $19,048 $2,941,800 $1,470,800 $1,471,000
2016 $19,240 $2,776,300 $1,210,400 $1,565,900
2015 $17,879 $2,776,300 $1,210,400 $1,565,900
2014 $17,574 $2,776,300 $1,210,400 $1,565,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100209175

Hive MLS

APN: R03815-001-009-000

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