NOT LISTED FOR SALE

Estimated Value: $5,843,000 - $7,413,655

4 Beds
5.5 Baths
4,873 Sq Ft
$1,371/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $7,725,000 $1,585 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $40,347/month

25 Days on Market

Highlights

  • Ocean View
  • Boat Dock
  • Boat Lift
  • Porters Neck Elementary School Rated A-
  • Pier
  • Home fronts a sound

About This Home

As of May 2024

Figure 8 Island, Wilmington NC-Only 500 residents are able to call Figure 8 Island home. A private island with security and private bridge access over the Intracoastal Waterway and 4 miles of pristine beach. This sought-after center of the island location offers a convenient short drive from the bridge, an easy walk to Figure 8 Island Yacht Club (Charter Membership included upon acceptance) for a swim in the sound front pool or drinks and dinner overlooking the marina and miles of salt marsh. Enjoy a morning stroll picking up sea shells or spend a lazy day on the beach with a dedicated walkway located across the street.9 Beach Road South features an ingenious reverse floor plan with elevator, that provides spectacular ocean and sound views from multiple covered porches. Custom built by master craftsman Wright Holman, the 4 bedroom, 5 1/2 bath design includes 4,873 sq ft of conditioned space, a 5 car garage and 3,240 sq ft of covered porches for elegant entertaining. An exotic house with a Caribbean flare, this home includes large sunny rooms with vaulted ceilings and oversized windows with transoms. With multiple sitting areas and an office, natural light and stunning natural beauty are found at every turn. The heart of the house is an incredible updated kitchen/ great room combination flanked by porches on both sides for catching morning coffee sunrises or an evening cocktail sunset. A huge center island anchors the kitchen with a magnificent slab of Carrara like Quartz, separate Subzero refrigerator and freezer as well as Subzero beverage drawers, Wolf gas range with 6 burner cooktop and dual ovens, 2 dishwashers and a wine cooler. Check out the water view from the farm sink-even the guests will fight to do the dishes! Boating is the call of the day with a private pier capable of holding a 45 ft boat with shore power and water, a 15,000 lb lift with 32 ft capacity. No wake zone, deep water and 2 outside showers. Why not have it all?

Last Agent to Sell the Property

Vance Young

Intracoastal Realty Corp License #245851 Listed on: 02/21/2024

Intracoastal Realty Corp

Last Buyer's Agent

Greg Barber

Barber Realty Group Inc. License #208321

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,871

Year Built

  • Built in 1994

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 100 x 200 x106 x 80 x189
  • Home fronts a sound
  • Property fronts a private road
  • Property is zoned R-20S

HOA Fees

  • $558 Monthly HOA Fees

Property Views

  • Ocean
  • Intracoastal

Home Design

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

Interior Spaces

  • 4,873 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Scuttle Attic Hole

Kitchen

  • Double Oven
  • Gas Cooktop
  • Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Car Attached Garage
  • Side Facing Garage
  • Driveway

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Shower
  • Pier
  • Boat Lift
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number R04609-001-001-000

Community Details

Overview

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

Recreation

  • Boat Dock
  • Tennis Courts

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,871

Year Built

Built in 1994

Lot Details

0

HOA Fees

$558 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 1994
  • Road Frontage Type: Sound Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Scuttle
  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 4500 - 4999
  • Interior Amenities: 9Ft+ Ceilings, Blinds/Shades, Ceiling Fan(s), Elevator, Foyer, Gas Logs, Kitchen Island, Pantry, Reverse Floor Plan, Walk-in Shower, Walk-In Closet, Wet Bar
  • Laundry Location: Room
  • List Price per Sq Ft: 1640.67
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Bedrooms: 4
  • Number Rooms: 11
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Den Level: Second
  • Dining Room Level: Third
  • Family Room Level: Third
  • Living Room Level: Third
  • Primary Bedroom Level: Third
  • Office Level: Second
  • Other Level: Second
  • Sq Ft Heated: 4873.00
  • Total Heated Primary Separate Sq Ft: 4873.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Shake Siding
  • Exterior Structures: Shower
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Deck
  • Road Type Frontage: Maintained, Paved, Private
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 5.00
  • Garage And Parking Driveway Spaces: 5.00
  • Total Garage Spaces: 5.00
  • Parking Driveway: Garage Faces Side, Paved

Utilities

  • Appliances Equipment: Cooktop - Gas, Dishwasher, Disposal, Double Oven, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Vent Hood, Washer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Leased
  • Heating System: Forced Air
  • Utilities: Community Water, Septic On Site
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Gated, Maint - Comm Areas, Maint - Roads, Management, Security, Tennis Court(s)
  • HOAAssociationFee1Year: 6690.00
  • HOAAssociationName: Figure 8 HOA
  • HOAAssociationPhone: 9106860635

Lot Info

  • Deed Page: 2368.00
  • Lot Acres: 0.69
  • Lot Dimensions: 100 x 200 x106 x 80 x189
  • Lot Number: 9
  • Lot Sq Ft: 30056.00
  • Lot Water Features: Boat Dock, Boat Lift, Pier, Sound Side
  • Plat Book: 14
  • Plat Page: 4
  • Special Assessments: None known
  • Zoning: R-20S
  • Lot View Type: ICW View, Ocean View

Tax Info

  • Tax Identifier: R04609-001-001-000
  • Tax Year: 2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
May 6, 2024
Sold by
Leslie Hales S and Leslie Woodruff
Bought by
Gorall Warren Dwight and Gorall Jessica Andres
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Greg Barber
Barber Realty Group Inc.
List Price
$7,995,000
Sold Price
$7,725,000
Premium/Discount to List
-$270,000
-3.38%
Views
146
Current Estimated Value
$7,025,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$699,394
Avg. Annual Appreciation
-7.31%
Original Mortgage
$3,000,000
Outstanding Balance
$2,971,165
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$4,059,971

Purchase Details

Listed on
Feb 21, 2024
Closed on
Apr 8, 2024
Sold by
Hales S Barry
Bought by
Hales S Barry S and Hales Leslie Woodruff
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Greg Barber
Barber Realty Group Inc.
List Price
$7,995,000
Sold Price
$7,725,000
Premium/Discount to List
-$270,000
-3.38%
Views
146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,971,165
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$4,059,971

Purchase Details

Closed on
Jan 20, 2014
Sold by
Hales S Wallace and S Wallace Hales Qprt 1
Bought by
Hales S Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 25, 2001
Sold by
Hales Glenda S
Bought by
Hales Glenda S Oprt #1

Purchase Details

Closed on
Dec 13, 2000
Sold by
Hales S Wallace Glenda S
Bought by
Hales S Wallace Qprt #1

Purchase Details

Closed on
Mar 24, 2000
Sold by
Hales S Wallace
Bought by
Hales S Wallace Glenda S

Purchase Details

Closed on
Apr 7, 1993
Sold by
Hales S Wallce Trustee
Bought by
Hales S Wallace

Purchase Details

Closed on
Aug 20, 1992
Sold by
Senter Meredith S Maxine C
Bought by
Hales S Wallace Trust #1

Purchase Details

Closed on
Dec 1, 1988
Sold by
Senter Meredith S Maxine C
Bought by
Senter Meredith S

Purchase Details

Closed on
Jun 1, 1978
Bought by
Senter Meredith S Maxine C
Source: Public Records

Range of Values:

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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
Gorall Warren Dwight $7,725,000 None Listed On Document
Hales S Barry S -- None Listed On Document
Hales S Barry -- None Listed On Document
Hales S Barry -- None Available
Hales Glenda S Oprt #1 -- --
Hales S Wallace Qprt #1 -- --
Hales S Wallace -- --
Hales S Wallace Glenda S -- --
Hales S Wallace -- --
Hales S Wallace Trust #1 $225,000 --
Senter Meredith S -- --
Senter Meredith S Maxine C $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorall Warren Dwight $3,000,000
Previous Owner Hales S Barry $300,000
Previous Owner Hales S Barry $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $7,725,000 -3.4% $1,585 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $7,995,000 -- $1,641 / 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 $15,871 $3,024,600 $2,266,400 $758,200
2022 $16,023 $3,024,600 $2,266,400 $758,200
2021 $16,572 $3,024,600 $2,266,400 $758,200
2020 $12,557 $1,985,300 $1,443,200 $542,100
2019 $12,557 $1,985,300 $1,443,200 $542,100
2018 $12,557 $1,985,300 $1,443,200 $542,100
2017 $12,855 $1,985,300 $1,443,200 $542,100
2016 $14,333 $2,068,200 $1,100,600 $967,600
2015 $13,319 $2,068,200 $1,100,600 $967,600
2014 $13,092 $2,068,200 $1,100,600 $967,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100428781

Hive MLS

APN: R04609-001-011-000