1 Banks Rd
Wilmington, NC 28411

$8,600,000

Last Sold Price

Beds

Baths

5,985 Sq. Ft.

$1,437 / Sq. Ft.

5,985

Sq. Ft.

$1,437

per Sq. Ft.

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Closed 3/18/25

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 • Brokerage DRE #C11443 • Figure Eight Realty
P: (910)-686-4400 kirra@figure8island.com

Property Details for 1 Banks Road

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

LISTING UPDATED: 08/08/2025 01:48 AM

Property Details for 1 Banks Road

Status	Closed
MLS #	100459191
Days on Market	181
Taxes	$17,679 / year
HOA Fees	$6,690 / year
Condo/Co-op Fees	-
Compass Type	Single Family
MLS Type	Residential / Single Family Residence
Year Built	2002
Lot Size	0.51 AC / 22,390 SF
County	New Hanover County

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Location

Listing Courtesy of Figure Eight Realty

Sold By Figure Eight Realty

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Building Information for 1 Banks Road

Stories3Year Built2002Building Size-Lot Size0.51 AC / 22,390 SF

Payment Calculator

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$45,336 per month

30 year fixed, 6.46% Interest

Principal and Interest

$43,305

Property Taxes

$1,473

HOA Dues

$558

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Property Information for 1 Banks Road

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: No
Carport Spaces: 0.0

Parking Total: 2.0
Parking Features: Garage Door Opener, On Site, Paved

Property

Lot Information

Lot Water Features: Bulkhead, Salt Marsh, Second Row, Sound Side, Water Access Comm
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
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
Floor Plans Count: 0
New Construction: No
Possession: 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
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
Rooms Total: 7

Multi Family

Multi Family Information

Furnished: Furnished

Income & Expenses

Operating Expense: $.00

Agent

Sale and Listing

Sold Exclusive: No

Property History for 1 Banks Road

Date	Event & Source	Price	Appreciation
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		—
Aug 3, 2024	Listed (Active) NCRMLS #100459191	$9,200,000	—
Sep 1, 2018	Expired CLAW #17-210122	$8,950,000	—
Sep 13, 2017	Listed (Active) CLAW #17-210122	$12,000,000	—
Dec 9, 2016	Sold NCRMLS #100001739	$3,537,500	—
Dec 2, 2016	Sold (Public Record) Public Record #584144135	$3,537,500	—
Oct 20, 2016	Pending NCRMLS #100001739		—
Feb 5, 2016	Listed (Active) NCRMLS #100001739	$4,250,000	—
Feb 1, 2002	Sold NCRMLS #30243428	$680,000	—
Jul 31, 2001	Pending NCRMLS #30243428		—
Apr 25, 2000	Listed (Active) NCRMLS #30243428	$740,000	—

Date	Event & Source	Price
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	—
08/03/2024	Listed (Active) NCRMLS #100459191	$9,200,000
09/01/2018	Expired CLAW #17-210122	$8,950,000
09/13/2017	Listed (Active) CLAW #17-210122	$12,000,000
12/09/2016	Sold NCRMLS #100001739	$3,537,500
12/02/2016	Sold (Public Record) Public Record #584144135	$3,537,500
10/20/2016	Pending NCRMLS #100001739	—
02/05/2016	Listed (Active) NCRMLS #100001739	$4,250,000
02/01/2002	Sold NCRMLS #30243428	$680,000
07/31/2001	Pending NCRMLS #30243428	—
04/25/2000	Listed (Active) NCRMLS #30243428	$740,000

For completeness, Compass 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
8/10	Porters Neck Elementary	Public - Serves this home	K to 5	2.2 mi
9/10	Holly Shelter Middle School	Public - Serves this home	6 to 8	10.1 mi
4/10	Emsley A Laney High	Public - Serves this home	9 to 12	7.3 mi
NR	D.C. Virgo Preparatory Academy	Public - Nearby school	6 to 8	10.7 mi
1/10	J. C. Roe Center	Public - Choice school	6 to 12	11.9 mi
7/10	Dr John Codington Elementary	Public - Nearby school	K to 5	11.3 mi


Rating	School	Distance
8/10	Porters Neck Elementary PublicK to 5 Serves this home	2.2 mi
9/10	Holly Shelter Middle School Public6 to 8 Serves this home	10.1 mi
4/10	Emsley A Laney High Public9 to 12 Serves this home	7.3 mi
NR	D.C. Virgo Preparatory Academy Public6 to 8 Nearby school	10.7 mi
1/10	J. C. Roe Center Public6 to 12 Choice school	11.9 mi
7/10	Dr John Codington Elementary PublicK to 5 Nearby school	11.3 mi

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 08/08/2025 01:48 AM. 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 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

1 Banks RdWilmington, NC 28411

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1 Banks Rd
Wilmington, NC 28411