NOT LISTED FOR SALE

12 Beach Bay Ln E Wilmington, NC 28411

Figure 8 Island Neighborhood

Estimated Value: $7,179,000 - $7,643,694

4 Beds
4.5 Baths
4,068 Sq Ft
$1,832/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $7,500,000 $1,844 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $41,703/month

8 Days on Market

Highlights

  • Community Beach Access
  • Ocean Front
  • Ocean Side of Freeway
  • Porters Neck Elementary School Rated A-
  • Water Access
  • Deck

About This Home

As of July 2024

Located on a densely vegetated ocean front lot just steps from the Figure Eight Island Yacht Club. This coastal design features spacious bedrooms, living areas and decks. Enjoy sunrises and sunsets from the 2 levels of covered and open decks along both the ocean and sound side. The house boasts 4 bedrooms and 4 1/2 baths, with a reverse floor plan that includes a master suite overlooking the ocean. Additional highlights include reclaimed river wood countertops, stainless appliances, wetbar, hardwood floors throughout, two living areas, two ocean facing master suites, ample parking with an attached 2 car garage and expansive dune protection. The thoughtful design of this home offers a perfect blend of comfort, style and practicality. Figure Eight Island Yacht Club Warrant included.

Last Agent to Sell the Property

Kirra Sutton

Figure Eight Realty License #216149 Listed on: 06/24/2024

Last Buyer's Agent

Jo El Skipper

Figure Eight Realty License #215284

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,601

Year Built

  • Built in 1989

Lot Details

  • 0.77 Acre Lot
  • Property fronts a marsh
  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Property is zoned R-20S

HOA Fees

  • $558 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Shake Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 4,068 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Entrance Foyer
  • Combination Dining and Living Room
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Driveway

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Ramps

Outdoor Features

  • Water Access
  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number R04609-002-034-000

Community Details

Overview

  • Figure 8 Beach HOA, Phone Number (910) 686-0635
  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Community Beach Access
  • Tennis Courts
  • Jogging Path

Security

  • Security Service
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,601

Year Built

Built in 1989

Lot Details

0.77 Acres

HOA Fees

$558 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Handicap Accessible: Elevator
  • List Priceper Sq Ft: 1855.95
  • New Construction: No
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Total Real Estate Property Taxes: 17600.94
  • Waterview: Yes
  • Year Built: 1989
  • Lot View Type: Marsh View, Water, Sound View, Ocean
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 2
  • Flooring: Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Reverse Floor Plan, Elevator, Entrance Foyer
  • Laundry Location: Laundry Room
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedrooms: 4
  • Sq Ft Heated: 4068.00
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Total Heated Primary Separate Sq Ft: 4068.00

Exterior Features

  • Exterior Finish: Shake Siding
  • Fencing: None
  • Foundation: Pilings, Slab
  • Porch Balcony Deck: Covered, Open, Porch, Deck
  • Road Type Frontage: Paved, Private Road
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Road Frontage Type: Oceanfront

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Garage Faces Side, On Site, Paved

Utilities

  • Cooling System: Central Air
  • Fuel Tank Ownership: Leased
  • Heated Sq Ft: 4000 - 4499
  • Heating System: Forced Air, Heat Pump
  • Utilities: Water Available
  • Heating System Fuel Source: Electric

Association/Amenities

  • H O A: Yes
  • H O Aand Neighborhood Amenities: Beach Access, Waterfront Community, Tennis Court(s), Trash, Maint - Comm Areas, Security, Ramp, Owner Pets Only, Management, Jogging Path
  • H O A Association Fee1 Year: 6690.00
  • H O A Association Name: Figure 8 Beach HOA
  • H O A Association Phone: 9106860635

Schools

  • Elementary School: Porters Neck
  • High School: Laney
  • Middle School: Holly Shelter
  • School District: New Hanover

Lot Info

  • Cobra Zone: No
  • Deed Page: 495.00
  • Lot Acres: 0.77
  • Lot Description: Cul-De-Sac
  • Lot Dimensions: Per original plat
  • Lot Sq Ft: 33672.00
  • Lot Water Features: Ocean Side, Water Access Comm
  • Zoning: R-20S

Tax Info

  • Tax Identifier: R04609-002-034-000
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jul 18, 2024
Sold by
Bratton Katherine Hunter and Bratton John R
Bought by
Teresa P Sorsby Revocable Trust and Sorsby
Seller's Agent
Kirra Sutton
Figure Eight Realty
Buyer's Agent
Jo El Skipper
Figure Eight Realty
List Price
$7,550,000
Sold Price
$7,500,000
Premium/Discount to List
-$50,000
-0.66%
Views
26
Current Estimated Value
$7,452,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,076
Avg. Annual Appreciation
-0.38%

Purchase Details

Closed on
Jul 13, 2011
Sold by
Avera Ingrid R
Bought by
Bratton Katherine Hunter and Bratton John Hunter

Purchase Details

Closed on
May 12, 2005
Sold by
Itac 114 Llc
Bought by
Avera William F and Avera Ingrid R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,001,215
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2005
Sold by
Tice Lloyd M and Tice Harriett M
Bought by
Itac 114 Llc and Avera William F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,001,215
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2004
Sold by
Long Gerald H Marieanne M
Bought by
Tice Lloyd M Harriett M

Purchase Details

Closed on
Mar 23, 1989
Sold by
Mario Mildred Martha
Bought by
Long Gerald H Marieanne M

Purchase Details

Closed on
Nov 1, 1986
Sold by
C S & L Services Inc
Bought by
Mario Mildred Martha

Purchase Details

Closed on
Mar 1, 1983
Sold by
Lyon Realty Co The
Bought by
C S & L Services Inc

Purchase Details

Closed on
Dec 1, 1975
Bought by
Lyon Realty Co The
Source: Public Records

Range of Values:

--
Value Increase
--
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

Date Buyer Sale Price Title Company
Teresa P Sorsby Revocable Trust $7,500,000 The Atlantic Title
Bratton Katherine Hunter $2,450,000 None Available
Avera William F $1,910,000 None Available
Itac 114 Llc $1,910,000 None Available
Tice Lloyd M Harriett M $1,395,000 --
Long Gerald H Marieanne M $275,000 --
Mario Mildred Martha $175,000 --
C S & L Services Inc $270,000 --
Lyon Realty Co The -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Itac 114 Llc $1,001,215
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $7,500,000 -0.7% $1,844 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $7,550,000 -- $1,856 / Sq Ft
Source: Hive MLS

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
2025 $28,393 $7,482,000 $5,295,100 $2,186,900
2023 $17,669 $3,368,600 $2,605,700 $762,900
2022 $17,837 $3,368,600 $2,605,700 $762,900
2021 $18,455 $3,368,600 $2,605,700 $762,900
2020 $15,584 $2,463,800 $1,608,800 $855,000
2019 $15,584 $2,463,800 $1,608,800 $855,000
2018 $15,584 $2,463,800 $1,608,800 $855,000
2017 $15,953 $2,463,800 $1,608,800 $855,000
2016 $13,950 $2,013,000 $1,191,700 $821,300
2015 $12,964 $2,013,000 $1,191,700 $821,300
2014 $12,742 $2,013,000 $1,191,700 $821,300
Source: Public Records

Agents Affiliated with this Home

  • Kirra Sutton

    Seller's Agent in 2024

    Kirra Sutton

    Figure Eight Realty

    (910) 686-4400

    15 in this area

    19 Total Sales

    Kirra Sutton
    Section Image
  • Jo El Skipper

    Buyer's Agent in 2024

    Jo El Skipper

    Figure Eight Realty

    (910) 616-0455

    15 in this area

    36 Total Sales

    Jo El Skipper
    Section Image
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Map

Source: Hive MLS

MLS Number: 100452282

Hive MLS

APN: R04609-002-034-000

North Carolina New Hanover County Wilmington 28411 Figure 8 Island

12 Beach Bay Ln E, Wilmington, NC

Not Listed for Sale

Detached

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