NOT LISTED FOR SALE

521 Beach Rd N Wilmington, NC 28411

Figure 8 Island Neighborhood

Estimated Value: $5,214,000 - $5,756,863

0.64 Acre
$8,538,991 Price per Acre
27,878 Sq Ft Lot

Last Sold March 24, 2014

Last sale price $690,000 $25 Per Sq Ft

Est. 692% increase in value since last sale

Current estimated payment $31,068/month

191 Days on Market

Highlights

  • Waterfront
  • Water Views
  • Water Access
  • Porters Neck Elementary School Rated A-
  • Boat Dock
  • Community Pool

About This Lot

As of March 2014

Great lot on exclusive Figure Eight Island. Located directly across the street from the ocean. Capture fabulous views of the ocean and inlet from this lot location. Beach access is right across the street.

Last Agent to Sell the Property

Judy Parlatore

Figure Eight Realty License #35502 Listed on: 05/12/2013

Last Buyer's Agent

Judy Parlatore

Figure Eight Realty License #35502 Listed on: 05/12/2013

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,371

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions are 179x98x193x197
  • Property fronts a private road
  • Property is zoned R-20S

HOA Fees

  • $400 Monthly HOA Fees

Schools

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

Utilities

  • On Site Septic
  • Septic Tank

Additional Features

  • Water Views
  • Accessible Ramps

Community Details

Overview

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

Recreation

  • Boat Dock
  • Waterfront
  • Tennis Courts
  • Community Pool
  • Water Access

Security

  • Security Service

Property Details

Property Type

Land

Est. Annual Taxes

$11,371

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes

Utilities

  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Existing Septic System
  • Service Providers Water Provider: City/Town
  • Utilities: Community Water, Septic On Site

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Dock, Maint - Comm Areas, Mgmt Fee, Pool, Ramp, Security, See Remarks, Tennis
  • Annual HOA: 4800.00
  • HOA Company: Figure Eight Homeown
  • HOA Phone: (910) 686-0635

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5183
  • Deed Page: 2488.00
  • Lot Dimensions: 179x98x193x197
  • Lot Sq Ft: 27878.00
  • Lot Water Features: Water Access Comm, Waterfront Comm
  • Special Assessments: Masons Inlet through 2031.
  • Zoning: R-20S
  • Acres: 0.64
  • Flood Zone: Yes
  • List Price per Acre: 1398437.50

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2013
Sold by
Mccuskey William H and Mccuskey Linda L
Bought by
Cox Spencer William Lanier and Cox Spencer Christy
Current Estimated Value
$5,464,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,635,600
Interest Rate
3.75%
Mortgage Type
Construction

Purchase Details

Closed on
May 16, 2007
Sold by
Softwind Development Llc
Bought by
Mccuskey William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,305,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2005
Sold by
521 Beach Road North Llc
Bought by
Softwinds Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,062,500
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1999
Sold by
Tate Ronald E Jean S
Bought by
521 Beach Road North Llc

Purchase Details

Closed on
Mar 11, 1994
Sold by
Packer Anne R
Bought by
Tate Ronald E Jean S

Purchase Details

Closed on
Jan 1, 1994
Sold by
Packer John W Anne R
Bought by
Packer Anne R

Purchase Details

Closed on
Sep 8, 1992
Sold by
Williams Stephen T Allison C
Bought by
Packer John W Anne R

Purchase Details

Closed on
Sep 8, 1989
Sold by
Mastros Paul Katsaros C V
Bought by
Williams Stephen T Allison C

Purchase Details

Closed on
Jun 1, 1981
Sold by
Continental Illinois Realty
Bought by
Mastros Paul Katsaros C

Purchase Details

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

Range of Values:

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Average Value
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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
Cox Spencer William Lanier $690,000 None Available
Mccuskey William H -- None Available
Softwinds Development Llc $875,000 None Available
521 Beach Road North Llc $285,000 --
Tate Ronald E Jean S $175,000 --
Packer Anne R -- --
Packer John W Anne R $135,000 --
Williams Stephen T Allison C $105,000 --
Mastros Paul Katsaros C $60,000 --
Continental Illinois Realty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spencer William Lanier $202,000
Open Spencer William L $2,089,950
Previous Owner Cox Spencer William Lanier $1,635,600
Previous Owner Mccuskey William H $1,305,000
Previous Owner Softwind Development Llc $1,990,000
Previous Owner Softwind Development Llc $150,000
Previous Owner Softwinds Development Llc $1,062,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2014 03/24/14 Sold $690,000 -22.9% $25 / Sq Ft
11/19/2013 11/19/13 Pending -- -- --
05/12/2013 05/12/13 For Sale $895,000 -- $32 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

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
2023 $11,371 $2,162,100 $1,018,000 $1,144,100
2022 $11,473 $2,162,100 $1,018,000 $1,144,100
2021 $2,962 $2,162,100 $1,018,000 $1,144,100
2020 $15,202 $2,403,500 $614,200 $1,789,300
2019 $15,202 $2,403,500 $614,200 $1,789,300
2018 $0 $2,403,500 $614,200 $1,789,300
2017 $15,563 $2,403,500 $614,200 $1,789,300
2016 $7,261 $1,047,800 $365,600 $682,200
2015 $3,076 $477,600 $365,600 $112,000
2014 $2,314 $365,600 $365,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Judy Parlatore

    Seller's Agent in 2014

    Judy Parlatore

    Figure Eight Realty

    (910) 686-9936

    4 in this area

    6 Total Sales

    Judy Parlatore
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Map

Source: Hive MLS

MLS Number: 30490940

Hive MLS

APN: R03811-003-007-000

North Carolina New Hanover County Wilmington 28411 Figure 8 Island

521 Beach Rd N, Wilmington, NC

This home is located at 521 Beach Rd N, Wilmington, NC 28411 since 12 May 2013 and is currently estimated at $5,464,954, approximately $196 per square foot. 521 Beach Rd N is a home located in New Hanover County with nearby schools including Porters Neck Elementary School, Holly Shelter Middle School, and Emsley A. Laney High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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