1 Banks Road

Closed 3/18/25
Closed 3/18/25
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Sold
Last Sold Price
$8,600,000
5 beds5,985 sqft$1,437/sqft
1 Banks Rd, Wilmington, NC 28411
Single FamilyProperty Type
0.51 acresLot Size
2002Year Built
$1,437/sq ftPrice per sq ft
$6,690/yrHOA Fees
2 carsParking Spaces

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...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.
  • Listed by: Kirra S Sutton 910.686.4400 kirra@figure8island.com Brokerage DRE #C11443 • Figure Eight Realty
Listing closed: 03/18/2025 12:00 AM • Source: NCRMLS, MLS#: 100459191

Recent comparable sales

Median sold price

$3,800,000

Avg days on market

18

Sale-to-list ratio

96.2%

Wilmington, NC

9 comparable properties found

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8325 Bald Eagle Lane, Wilmington, NC 28411

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Principal and Interest

$43,713

Property Taxes

$1,473

HOA Dues

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Property Information for 1 Banks Road

Property Details
  • Taxes: $17,679 / year
  • MLS Type: Residential / Single Family Residence
  • County: New Hanover County
  • Subdivision Name: Figure Eight Island
  • View: Creek, ICW, Marsh, Ocean, Sound, Water, Creek/Stream
  • Waterfront: Yes
  • Waterfront Features: Bulkhead, Salt Marsh, Second Row, Sound Side, Water Access Comm
  • Zoning: R-20S
Building Information
  • Stories: 3
  • Year Built: 2002
  • Lot Size: 0.51 AC / 22,390 SF
Summary
Location and General Information
  • Island Or Mainland: Island
  • In City Limits: No
  • Secondary Subdivision: N/A
  • Cobra Zone: No
  • Directions: 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.
  • Latitude: 34
  • Longitude: -78
  • Road Frontage Type: Private Road, Paved
Taxes and HOA
  • Tax Other Assessment Amount Frequency: Masons Inlet Maintenance etal
  • Association Amenities: Waterfront Community, Beach Access, Beach Rights, Gated, Jogging Path, Maintenance Common Areas, Ramp, Tennis Court(s), Trash, Owner Pets Only
  • Association Name: Figure Eight Beach HOA
  • Association Phone: 910-686-0635
  • Association Fee: $6,690.00
  • Association: Yes
  • Parcel Number: R04520-001-022-000
  • Tax Book Number: 13
  • Tax Legal Description: Lot 1 Sec 7 Figure 8 Island
  • Tax Map Number: 18
  • Tax Assessed Value: $3,383,600
  • Tax Year: 2023
School Information
  • Elementary School: Porters Neck
  • High School: Laney
  • Middle Or Junior School: Holly Shelter
Parking
  • Attached Garage Spaces: 2.0
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Total: 2.0
  • Parking Features: Garage Door Opener, On Site, Paved
Property
Lot Information
  • Living Area Range: 5500 - 5999
  • Building Area Total: 5985.0
  • Frontage Type: Sound Front
  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Square Feet: 22390.0
  • Lot Features: Interior Lot, Bulkhead, Salt Marsh, Second Row, Sound Side, Water Access Comm
  • Lot Size Dimensions: Per original Plat
  • Lot Size Units: Acres
  • Living Area: 5985.0
  • Living Area Units: Square Feet
  • Other Structures: Storage, Outdoor Kitchen
  • Structure Type: Wood Frame
Property and Assessments
  • Deed Book: 6023
  • Deed Page: 651.0
  • Home Warranty Company: 2-10
  • Home Warranty Amount: $850
  • New Construction: No
  • Possession: Close Of Escrow, At Closing
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Road Surface Type: Paved
  • Year Built: 2002
  • Permitted Use: Public
Utilities
  • Sewer Provider: Septic Tank
  • Fuel Tank Owned Or Leased: Owned
  • Fuel Tank Above Or Below Ground: Below Ground
  • Fuel Tank Fuel Type: Propane
  • Utilities: Water Available
  • Water Source: Community Water
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Cedar, Shake Siding
  • Construction Materials: Cedar, Shake Siding
  • Exterior Features: Shutters - Board/Hurricane, Outdoor Shower, Irrigation System, Outdoor Kitchen
  • Fencing: None
  • Foundation Details: Other, Slab, Pilings
  • Horse: No
  • Patio And Porch Features: Open, Covered, Deck, Patio, Porch, Screened
  • Pool Features: None
  • Roof: Shake
  • Security Features: Smoke Detector(s)
  • Stories: 3
Interior Features
  • Bathrooms Total Source: Computed
  • Bathrooms Total Decimal: 7.0
  • Bathrooms Total Notational: 5.2
  • Pool Spa Features: None
  • Heating System Fuel Source: Electric
  • Water Heater: Electric
  • Dining Room Type: Combination
  • Master Bedroom Level: Primary Living Area
  • Bathrooms Full: 5
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 7
  • Bedrooms Total: 5
  • Cooling: Central Air, Heat Pump
  • Cooling: Yes
  • Fireplace: Yes
  • Fireplace Features: Gas Log
  • Flooring: Tile, Wood
  • Heating: Yes
  • Heating: Heat Pump, Electric
  • Interior Features: Walk-in Closet(s), Vaulted Ceiling(s), High Ceilings, Entrance Foyer, Solid Surface, Bookcases, Kitchen Island, Ceiling Fan(s), Elevator, Pantry, Reverse Floor Plan, Walk-in Shower, Blinds/Shades, Gas Log, Walk-In Closet(s)
  • Laundry Features: Laundry Room
  • Levels: Three Or More
  • Room Type: Dining Area
  • Rooms Total: 7
Multi Family
Multi Family Information
  • Furnished: Furnished
Agent
Sale and Listing
  • Sold Exclusive: No

Property History for 1 Banks Road

DateEvent & SourcePriceAppreciation
Mar 18, 2025

Sold

NCRMLS #100459191

$8,600,000—
Mar 10, 2025

Sold (Public Record)

Public Record #1553312845

$8,600,000

+11.3% / yr

Feb 3, 2025

Pending

NCRMLS #100459191

—
DateEvent & SourcePrice
03/18/2025

Sold

NCRMLS #100459191

$8,600,000
03/10/2025

Sold (Public Record)

Public Record #1553312845

$8,600,000

+11.3% / yr

02/03/2025

Pending

NCRMLS #100459191

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Banks Road

Taxable ValueLand$4,207,500Additions$5,054,500Total$9,262,000
Home Facts
Beds5Baths4.5Total Finished SqFt5,932 SqFtAbove Grade Finished SqFt5,932 SqFtStories2Lot Size22,216 SqFtStyleSingle Family ResidenceYear Built2002ZoningR-20SCountyNEW HANOVERAPNR04520-001-022-000Fireplace TypeHas Fireplace

Schools near 1 Banks Road

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Porters Neck Elementary
Public - K to 5
Holly Shelter Middle School
Public - 6 to 8
Emsley A Laney High
Public - 9 to 12
Dr Hubert Eaton Sr Elementary
Public - K to 5
Rating
School
Distance
Porters Neck Elementary
PublicK to 5

Holly Shelter Middle School
Public6 to 8

Emsley A Laney High
Public9 to 12

Dr Hubert Eaton Sr Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1 Banks Road, Wilmington, NC 28411
$8,600,000
5
5,985
22,390
2 Banks Road, Wilmington, NC 28411
–
5
5
2,800
27,007
79 Beach Road South, Wilmington, NC 28411
–
5
5
3,128
27,443
3 Banks Road, Wilmington, NC 28411
–
–
–
–
27,051
77 Beach Road South, Wilmington, NC 28411
–
4
4
2,926
21,344
4 Banks Road, Wilmington, NC 28411
–
5
5
3,020
27,007

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Figure Eight Realty

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 06/08/2026 05:10 PM. 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 Compass or its subsidiaries, affiliates and their agents and associated third parties 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. © 2026 Hive MLS