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.
Sold for $8,600,000
$8,600,000
1 Banks Road, Wilmington, NC 28411
5beds
5,985sqft
Single Family Residence
Built in 2002
0.51 Acres Lot
$8,638,400 Zestimate®
$1,437/sqft
$7,194 Estimated rent
Home value
$8,638,400
$7.95M - $9.42M
$7,194/mo
Zestimate® history
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List your homeWhat's special
Spacious first floor denLighting fixturesCustom mahogany trimExpansive beautifully landscaped lawnExpanded decksOutside showerStorage room
Zillow last checked:
Listing updated:
Listed by:
Kirra S Sutton 910-686-4400,
Figure Eight Realty
Bought with:
Jo El J Skipper, 215284
Figure Eight Realty
Source: Hive MLS,MLS#: 100459191
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Primary bedroom
- Level: Primary Living Area
Dining room
- Features: Combination
Heating
- Heat Pump, Electric
Cooling
- Central Air, Heat Pump
Appliances
- Laundry: Laundry Room
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)
- Flooring: Tile, Wood
- Has fireplace: Yes
- Fireplace features: Gas Log
- Furnished: Yes
Interior area
- Total structure area: 5,985
- Total interior livable area: 5,985 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, On Site, Paved
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Open, Covered, Deck, Patio, Porch, Screened
- Exterior features: Shutters - Board/Hurricane, Outdoor Shower, Irrigation System, Outdoor Kitchen
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Creek/Stream, ICW, Marsh, Ocean, Sound, Water
- Has water view: Yes
- Water view: Creek/Stream,Marsh,Ocean,Sound,Water
- Waterfront features: Bulkhead, Salt Marsh, Second Row, Sound Side, Water Access Comm
- Frontage type: Sound Front
Lot
- Size: 0.51 Acres
- Features: Interior Lot, Bulkhead, Salt Marsh, Second Row, Sound Side, Water Access Comm
Details
- Additional structures: Storage, Outdoor Kitchen
- Parcel number: R04520001022000
- Zoning: R-20S
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cedar, Shake Siding
- Foundation: Other, Slab, Pilings
- Roof: Shake
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Figure Eight Island
HOA
- Has HOA: Yes
- Amenities included: Waterfront Community, Beach Access, Beach Rights, Gated, Jogging Path, Maintenance Common Areas, Ramp, Tennis Court(s), Trash, Owner Pets Only
- HOA fee: $6,690 monthly
- HOA name: Figure Eight Beach HOA
- HOA phone: 910-686-0635
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $1,437/sqft
- Tax assessed value: $3,383,600
- Annual tax amount: $17,679
- Date on market: 4/19/2025
- Cumulative days on market: 181 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2025 | Sold | $8,600,000-6.5%$1,437/sqft |
Source:  Hive MLS #100459191 Report a problem | ||
| 2/4/2025 | Contingent | $9,200,000$1,537/sqft |
Source: Hive MLS #100459191 Report a problem | ||
| 8/3/2024 | Listed for sale | $9,200,000+160.1%$1,537/sqft |
Source: Hive MLS #100459191 Report a problem | ||
| 12/9/2016 | Sold | $3,537,500-11.6%$591/sqft |
Source: Hive MLS #100001739 Report a problem | ||
| 5/11/2016 | Price change | $3,999,500-5.9%$668/sqft |
Source: Lumina 1 #100001739 Report a problem | ||
| 2/5/2016 | Listed for sale | $4,250,000$710/sqft |
Source: Intracoastal Realty Corp. #100001739 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $35,130 +97.9% | $9,262,000 +173.7% |
| 2024 | $17,753 +0% | $3,383,600 |
| 2023 | $17,747 -0.9% | $3,383,600 |
| 2022 | $17,916 -3.3% | $3,383,600 |
| 2021 | $18,537 -15.1% | $3,383,600 -1.9% |
| 2020 | $21,826 +1.1% | $3,450,800 +1.1% |
| 2019 | $21,588 | $3,413,200 |
| 2018 | $21,588 | $3,413,200 |
| 2017 | $21,588 +28% | $3,413,200 +40.3% |
| 2016 | $16,860 +7.6% | $2,432,900 |
| 2015 | $15,668 +1.7% | $2,432,900 |
| 2014 | $15,400 | $2,432,900 |
| 2013 | -- | $2,432,900 |
| 2012 | -- | $2,432,900 -2.5% |
| 2011 | -- | $2,495,416 |
| 2010 | -- | $2,495,416 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $839,225 +30.8% |
| 2004 | -- | $641,746 +98.1% |
| 2003 | -- | $323,997 +17.8% |
| 2002 | -- | $274,997 |
| 2001 | -- | $274,997 |
| 2000 | -- | $274,997 |
Find assessor info on the county website
Neighborhood: 28411
Nearby homes
- $3,938,800-- bd-- ba-- sqft81 Beach Rd S, Wilmington, NC 28411Off Market
- $5,476,8005 bd5 ba2.8k sqft2 Banks Rd, Wilmington, NC 28411Off Market
- $6,474,6005 bd5 ba3.1k sqft79 Beach Rd S, Wilmington, NC 28411Off Market
- $4,648,500-- bd-- ba-- sqft3 Banks Rd, Wilmington, NC 28411Off Market
- $5,848,8004 bd4 ba2.9k sqft77 Beach Rd S, Wilmington, NC 28411Off Market
- $6,130,0005 bd5 ba3k sqft4 Banks Rd, Wilmington, NC 28411Off Market
- $7,394,6004 bd5 ba4.6k sqft5 Banks Rd, Wilmington, NC 28411Off Market
- $4,539,700-- bd-- ba-- sqft75 Beach Rd S, Wilmington, NC 28411Off Market
Nearby schools
GreatSchools rating
- 9/10Porters Neck ElementaryGrades: K-5Distance: 2.2 mi
- 8/10Holly Shelter Middle SchoolGrades: 6-8Distance: 10.1 mi
- 4/10Emsley A Laney HighGrades: 9-12Distance: 7.2 mi
Schools provided by the listing agent
- Elementary: Porters Neck
- Middle: Holly Shelter
- High: Laney
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$8,638,400
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Estimated market value
$8,638,400
- North Carolina
- New Hanover County
- Wilmington
- 28411
- 1 Banks Road
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