1 Banks Road, Wilmington, NC 28411
$8,600,000
Property Type:
Residential
Bedrooms:
5
Baths:
7
Square Footage:
5,985
Lot Size (sq. ft.):
22,390
Status:
Closed
Current Price:
$8,600,000
List Date:
2/01/2025
Last Modified:
3/21/2025
Description
Nestled by the sound directly across the street from the ocean, this exquisite 5 bedroom, 5 full bath, 2 half bath home boasts panoramic views of Figure Eight Island. Originally envisioned by architects Henry and Ian Johnston and built by Master Craftsman Fred Murray over several years, its quality is unparalleled. Every room offers unobstructed views of the sound, marsh, Intracoastal Waterway and ocean, showcasing the island's curvature and the iconic Figure Eight Island Bridge.
Meticulously maintained and extensively renovated in 2020, the home features Ipe decks and rail caps, Centor accordion doors enhancing seamless indoor-outdoor living, a screened porch, and both covered and uncovered decks. An outdoor kitchen and dining area complements the expansive, beautifully landscaped lawn along the first level.
Enjoy a range of water activities such as paddle boarding and kayaking right out your back door. Recent additional updates include custom cabinets throughout the fully renovated kitchen, new hardwood flooring throughout home, custom mahogany trim, lighting fixtures and expanded decks. This 6,000+ sq ft home was thoughtfully designed and laid out to function as either a vacation home or year round residence. Spacious first floor den, full laundry area, large butler's pantry, elevator, office/gym area, outside shower, bonus 1/2 bath, storage room and 2 car attached garage. Sold Furnished with minor exclusions. Figure Eight Island Yacht Club Warrant Included. Offering a blend of luxury, breathtaking views, and extensive amenities perfect for coastal living, this home is a rare Figure Eight Island find.
More Information MLS# 100459191
Contract Info
Delayed Marketing?: No
Sub-Type: Single Family Residence
Construction Type: Stick Built
List Price/SqFt: 1537.18
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2024-08-03
Listing Price: 9200000
Current Price: $8,600,000
Location Information
City Limits: No
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 1
Street Name: Banks
Street Suffix: Road
County: New Hanover
State/Province: NC
Zip Code: 28411
Subdivision: Figure Eight Island
Geo Lat: 34.259785
Geo Lon: -77.754211
Remarks and Showing
Sign on Property: Yes
Directions to Property: Market Street/ HWY 17 to Porters Neck Road. Right onto Edgewater Club Road. Thru security and over bridge to Bridge Road. Right onto Beach Road South, Right onto Banks Road. First driveway on the right.
Property Exterior Info
New Construction: No
Lot Acres: 0.51
Lot Dimensions: Per original Plat
Lot SqFt: 22390
Waterfront: Yes
Waterview: Yes
Location Type: Island
Horses Y/N: No
Property Interior Info
Total SqFt - Heated (Primary + Separate): 5985
# Rooms: 7
# Baths - Full: 5
# Baths - Half: 2
# Baths - Total: 7
Master Bedroom Level: Primary Living Area
Stories: 3
SqFt - Heated (Primary): 5985
# Bedrooms: 5
Legal & Taxes
Tax Assessed Value: 3383600
Total Real Estate Property Taxes: 17679.31
Deed Book: 6023
Deed Page: 651
Legal: Lot 1 Sec 7 Figure 8 Island
Broker Owner: No
PID: R04520-001-022-000
Tax Identifier: R04520-001-022-000
Plat Book: 13
Plat Page: 18
Special Assessments: Masons Inlet Maintenance etal
Tax Year: 2023
Zoning: R-20S
HOA: Yes
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Elementary School: Porters Neck
Middle School: Holly Shelter
High School: Laney
Garage & Parking
Attached Garage Spaces: 2
Detached Garage Spaces: 0
Total # Garage Spaces: 2
Total Carport Spaces: 0
HOA and Neigh Amenities
Beach Access: 1
Beach Rights: 1
Gated: 1
Jogging Path: 1
Maint - Comm Areas: 1
Ramp: 1
Tennis Court(s): 1
Trash: 1
Waterfront Community: 1
Owner Pets Only: 1
HOA
Association Fee 1/Year: 6690
Association Name: Figure Eight Beach HOA
Association Phone: 9106860635
Frontage Type
Sound Front: 1
View Type
Creek/Stream: 1
ICW View: 1
Marsh View: 1
Ocean: 1
Sound View: 1
Water: 1
Construction
Wood Frame: 1
Exterior Features
Exterior Kitchen: 1
Irrigation System: 1
Outdoor Shower: 1
Shutters - Board/Hurricane: 1
Exterior Finish
Cedar: 1
Shake Siding: 1
Terms
Cash: 1
Fencing
None: 1
Foundation
Pilings: 1
Slab: 1
Flooring
Tile: 1
Wood: 1
Fuel Tank
Above or Below Ground: Below Ground
Fuel Type: Propane
Owned or Leased: Owned
Fuel Tank Ownership
Owned: 1
Parking Features
Garage Door Opener: 1
On Site: 1
Paved: 1
Patio and Porch Features
Covered: 1
Deck: 1
Open: 1
Patio: 1
Porch: 1
Screened: 1
Roof
Shake: 1
Stories/Levels
3 Story or More: 1
Road Type/Frontage
Paved: 1
Private Road: 1
Lot Water Features
Bulkhead: 1
Salt Marsh: 1
Second Row: 1
Sound Side: 1
Water Access Comm: 1
Lot Features
Interior Lot: 1
Cooling
Central Air: 1
Heat Pump: 1
Heated SqFt
5500 - 5999: 1
Heating
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Utilities
Water Available: 1
Sewer
Septic Tank: 1
Water Source
Community Water: 1
Fireplace
1: 1
Furnished
Furnished: 1
Interior Features
Blinds/Shades: 1
Bookcases: 1
Ceiling Fan(s): 1
Elevator: 1
Entrance Foyer: 1
Gas Log: 1
High Ceilings: 1
Kitchen Island: 1
Pantry: 1
Reversed Floor Plan: 1
Solid Surface: 1
Vaulted Ceiling(s): 1
Walk-in Shower: 1
Walk-In Closet(s): 1
Security Features
Smoke Detector(s): 1
Laundry Features
Laundry Room: 1
Dining Room Type
Combination: 1
Other Structures
Outdoor Kitchen: 1
Storage: 1
Home Warr/Termite
Home Warranty Company: 2-10
Home Warranty Amount: 850
Legal Taxes
Year Built: 2002
Status Change Info
Under Contract Date: 2025-01-30
Sold Price: $8,600,000
Sold Date: 2025-03-18
Property Features
Frontage Type: Sound Front
View Type: Creek/Stream; ICW View; Marsh View; Ocean; Sound View; Water
Construction: Wood Frame
Exterior Features: Exterior Kitchen; Irrigation System; Outdoor Shower; Shutters - Board/Hurricane
Exterior Finish: Cedar; Shake Siding
Fencing: None
Foundation: Pilings; Slab
Fuel Tank Ownership: Owned
Parking Features: Garage Door Opener; On Site; Paved
Patio and Porch Features: Covered; Deck; Open; Patio; Porch; Screened
Roof: Shake
Lot Features: Interior Lot
Lot Water Features: Bulkhead; Salt Marsh; Second Row; Sound Side; Water Access Comm
Cooling: Central Air; Heat Pump
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Water Available
Sewer: Septic Tank
Water Source: Community Water
Fireplace: 1
Flooring: Tile; Wood
Furnished: Furnished
Interior Features: Blinds/Shades; Bookcases; Ceiling Fan(s); Elevator; Entrance Foyer; Gas Log; High Ceilings; Kitchen Island; Pantry; Reversed Floor Plan; Solid Surface; Vaulted Ceiling(s); Walk-in Shower; Walk-In Closet(s)
Security Features: Smoke Detector(s)
Laundry Features: Laundry Room
Heated SqFt: 5500 - 5999
Dining Room Type: Combination
Other Structures: Outdoor Kitchen; Storage
HOA and Neigh Amenities: Beach Access; Beach Rights; Gated; Jogging Path; Maint - Comm Areas; Ramp; Tennis Court(s); Trash; Waterfront Community; Owner Pets Only
Terms: Cash
Listing Office:
Figure Eight Realty
IDX
Last Updated: March - 21 - 2025
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.