NOT LISTED FOR SALE

Estimated Value: $5,412,000 - $6,595,000

0.48 Acre
$12,714,950 Price per Acre
20,865 Sq Ft Lot

Sale Details

Date Sold: October 16, 2019

Last sale price $885,000

Est. 590% increase in value since last sale

Current estimated payment $35,003 / mo

134 Days on Market

Highlights

  • Waterfront Community
  • Ocean View
  • Gated Community
  • Porters Neck Elementary School Rated A-
  • Boat Ramp
  • Tennis Courts

About This Lot

As of October 2019

Don't miss this opportunity to enjoy the luxury, privacy, and peacefulness of Figure Eight Island. This .48 acre lot offers views of the Atlantic Ocean all while under a million dollars. As a private island only accessible by boat or crossing the guarded swing bridge, this lot is your chance to build your custom dream home. Enjoy biking, tennis, and miles of pristine beaches. This private club offers wonderful amenities such as the private pool, fine dining and an easily accessible marina. Photos provide a visual of possible porch views from multiple levels. Call at any time for more detail and to schedule the chance to see how you truly deserve to live. This property is a must see!

Last Agent to Sell the Property

Keith Beatty

Intracoastal Realty Corporation License #130521 Listed on: 03/08/2019

Intracoastal Realty Corporation

Last Buyer's Agent

Judy Parlatore

Figure Eight Realty License #35502

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,679

Lot Details

  • 20,865 Sq Ft Lot
  • Lot Dimensions are 91x228x91x246
  • Property fronts a private road
  • Cleared Lot
  • Property is zoned R-20S

Property Views

  • Ocean Views

Schools

  • Blair Elementary School
  • Holly Shelter Middle School
  • Laney High School

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number R03811-001-002-000

Community Details

Overview

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

Recreation

  • Boat Ramp
  • Waterfront Community
  • Tennis Courts
  • Trails
  • Boat Ramp

Additional Features

  • Security
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,679

Lot Details

0.48 Acres

Listing Details

  • Property Type: Land
  • Secondary Subdivision: N/A
  • Property Sub Type: Residential Land
  • View: Ocean, Water
  • Original List Price: 945900.00
  • Other Structures: None
  • Island Or Mainland: Island
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Acre: 1970625.00
  • Special Features: None

Interior Features

  • Bathrooms Total Source: MLS

Exterior Features

  • Road Frontage Type: Private Road
  • Waterfront Features: Boat Ramp, Second Row
  • Waterfront?: No

Utilities

  • Utilities: Water Available
  • Water Source: Community Water

Condo/Co-op/Association

  • Association Amenities: Waterfront Community, Gated, Maintenance Common Areas, Maintenance Roads, Ramp, Security, Sidewalks, Tennis Court(s), Trail(s), Water
  • Association Fees: 4900.00
  • Has H O A?: Yes
  • Association Management Company Phone: 910-686-0635
  • Association Management Company: Figure 8 HOA

Schools

  • Elementary School: Blair
  • High School: Laney
  • Junior High Dist: New Hanover
  • Middle Or Junior School: Holly Shelter

Lot Info

  • Deed Book: 5413
  • Deed Page: 1915.00
  • Lot Number: 121
  • Zoning: R-20S
  • Current Use: Residential
  • Environmental Hazard: Unknown
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared/Partial
  • Lot Features: Boat Ramp, Second Row
  • Lot Size Acres: 0.48
  • Lot Size: 91x228x91x246
  • Lot Size Sq Ft: 20865.00
  • Purchase Contract Date: 2019-07-19
  • Parcel#: R03811-001-002-000
  • Cobra Zone Y N: No
  • Federal Flood Insurance Available Y N: Yes
  • Deed Restriction Y N: No
  • Permitted Use: Public

Tax Info

  • Tax Year: 2018
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Map Number: 318907.68.0201.000
  • Tax Other Assessment Amount Frequency: None
  • Tax Amount: 2679

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 8, 2019
Closed on
Oct 10, 2019
Sold by
Bought by
Seller's Agent
Keith Beatty
Intracoastal Realty Corporation
Buyer's Agent
Judy Parlatore
Figure Eight Realty
List Price
$945,900
Sold Price
$885,000
Premium/Discount to List
-$60,900
-6.44%
Current Estimated Value
$6,103,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,218,176
Avg. Annual Appreciation
32.95%

Purchase Details

Closed on
Jun 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1992
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 1981
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1975
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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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
$885,000 None Available
$572,000 None Available
$375,000 --
$155,000 --
$75,000 --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,508,000
Closed $300,000
Closed $1,200,000
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
10/16/2019 10/16/19 Sold $885,000 -6.4% --
07/19/2019 07/19/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $945,900 -- --
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 $20,985 $7,099,200 $2,064,700 $5,034,500
2024 $11,988 $2,280,300 $958,400 $1,321,900
2023 $11,982 $2,280,300 $958,400 $1,321,900
2022 $12,096 $2,280,300 $958,400 $1,321,900
2021 $10,313 $1,883,700 $958,400 $925,300
2020 $2,679 $423,600 $423,600 $0
2019 $2,679 $423,600 $423,600 $0
2018 $2,679 $423,600 $423,600 $0
2017 $2,743 $423,600 $423,600 $0
2016 $3,151 $454,700 $454,700 $0
2015 $2,928 $454,700 $454,700 $0
2014 $2,878 $454,700 $454,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100153848

Hive MLS

APN: R03811-001-002-000

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