88 Beach Road S, Wilmington, NC 28411
$2,750,000
Property Type:
Land
Lot Size (sq. ft.):
24,389
Status:
Closed
Current Price:
$2,750,000
List Date:
7/20/2020
Last Modified:
11/10/2020
Description
Prime ocean front lots on exclusive Figure Eight Island do not come along often..... and this lot is one of them! Build the home of your dreams on a private island.
Figure Eight Island Yacht Club Warant included.
More Information MLS# 100227616
Contract Info
Sub-Type: Residential Land
Auction: No
List Price/Acre: 5089285.71
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2020-07-17
Listing Price: 2850000
Current Price: $2,750,000
Location Information
City Limits: No
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 88
Street Name: Beach
Street Suffix: Road
Post Direction: S
County: New Hanover
State/Province: NC
Zip Code: 28411
Subdivision: Figure Eight Island
Geo Lat: 34.258414
Geo Lon: -77.753929
Remarks and Showing
Sign on Property: Yes
Directions to Property: Take Highway 17 North to Left on Porters Neck Road. Turn right onto Edgewater Club Road. Go through security to Bridge Road bear right onto Beach Road South.
Property Exterior Info
Acres - Total: 0.56
Lot SqFt: 24389
Deed Restriction: Yes
Waterfront: Yes
Total Road Frontage: 100
Waterview: Yes
Location Type: Island
Water Frontage: 100
Legal and Taxes
Tax Assessed Value: 1364500
Deed Book: 6101
Deed Page: 2857
Legal: 141 SEC 4 FIGURE 8 ISLAND
Broker Owner: No
PID: R04520-002-008-000
Tax Identifier: R04520-002-008-000
Plat Book: 3026
Plat Page: 467
Special Assessments: Mason's Inlet Periodically
Tax Year: 2019
Zoning: R-20S
HOA: Yes
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
School District: New Hanover
Elementary School: Porters Neck
Middle School: Holly Shelter
High School: Laney
Current Use
Residential: 1
Bldgs on Property
None: 1
HOA and Neigh Amenities
Boat Dock: 1
Gated: 1
Maint - Comm Areas: 1
Security: 1
Tennis Court(s): 1
Trail(s): 1
HOA
Association Fee 1/Year: 5085
HOA 1 Mgmt. Company: Figure Eight HOA
HOA 1 Mgmt. Phone: 910.686.0635
Soil Evaluation
Soil Evaluation - No: 1
Frontage Type
Oceanfront: 1
Topography
Cleared: 1
Current Service Providers
Electric Provider: Duke Energy
Terms
1031 Exchange: 1
Cash: 1
Fencing
None: 1
Fuel Tank
None: 1
Environmental Hazard
Unknown: 1
Lot Description
Subdivision: 1
Road Type/Frontage
Private Road: 1
Utilities
Water Available: 1
Sewer
Septic Tank: 1
Water Source
Community Water: 1
Status Change Info
Under Contract Date: 2020-07-30
Sold Price: $2,750,000
Sold Date: 2020-11-09
Property Features
Current Use: Residential
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Frontage Type: Oceanfront
Topography: Cleared
Fencing: None
Fuel Tank: None
Environmental Hazard: Unknown
Lot Description: Subdivision
Utilities: Water Available
Sewer: Septic Tank
Water Source: Community Water
HOA and Neigh Amenities: Boat Dock; Gated; Maint - Comm Areas; Security; Tennis Court(s); Trail(s)
Terms: 1031 Exchange; Cash
Listing Office:
Figure Eight Realty
IDX
Last Updated: November - 10 - 2020
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