Oceanfront offerings on Figure Eight Island are increasingly rare, and opportunities of this nature are seldom available. Set within North Carolina's most exclusive private island community, 138 Beach Road South offers a canvas with 100 feet of direct beach frontage, sweeping ocean views, and an extraordinary setting defined by privacy, natural beauty, and the understated character that has made Figure Eight Island one of the East Coast's most treasured coastal enclaves.
For those considering the property with an eye toward the future, a comprehensive survey was completed in July 2025, along with preliminary architectural plans by acclaimed Kersting Architecture envisioning an approximately 4,900-square-foot custom residence. These materials offer an intriguing vision to imagine the future possibilities for this exceptional property.
In the meantime, the charming four-bedroom, three-bath classic Figure Eight cottage offers the opportunity to begin enjoying the island immediately. The home captures the relaxed character of an earlier era on Figure Eight, with a bright, open main living area, spacious kitchen, expansive wraparound decks, and beautiful ocean views. Dual garages and a lower-level guest suite add functionality, while three additional bedrooms provide comfortable accommodations for family and friends.
Perhaps most appealing is the luxury of time the existing cottage affords. A new owner can enjoy mornings overlooking the ocean, days on the beach, and evenings with family and friends while thoughtfully considering the property's next chapter.
With its direct beach frontage, remarkable views, existing cottage, and architectural work already undertaken to explore its future potential, 138 Beach Road South represents an increasingly rare opportunity to capture a special piece of Figure Eight Island.
For sale
$4,395,000
138 Beach Road S, Wilmington, NC 28411
4beds
2,436sqft
Single Family Residence
Built in 1978
0.57 Acres Lot
$-- Zestimate®
$1,804/sqft
$558/mo HOA
What's special
- 6 days
- 962
- 37
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Nick Phillips Group 910-620-3370,
Landmark Sotheby's International Realty
Source: Hive MLS,MLS#: 100604838
Originating MLS: Cape Fear Realtors MLS, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Cooktop, Refrigerator, Dishwasher
Features
- Ceiling Fan(s), Pantry
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 2,436
- Total interior livable area: 2,436 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Patio & porch: Deck, Wrap Around
- Fencing: None
- Has view: Yes
- View description: Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Water Access Comm, Ocean Front
- Frontage type: Oceanfront
Lot
- Size: 0.57 Acres
- Dimensions: 100' x 250'
- Features: Ocean Side, Water Access Comm
Details
- Parcel number: R05208001009000
- Zoning: R-20S
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Other, Slab, Pilings
- Roof: Shingle
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Figure Eight Island
HOA
- Has HOA: Yes
- Amenities included: Waterfront Community, Clubhouse, Pool, Maintenance Common Areas, Maintenance Grounds, Maintenance Roads, Security, Tennis Court(s)
- HOA fee: $6,690 annually
- HOA name: Figure 8 HOA
- HOA phone: 910-686-0635
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $1,804/sqft
- Tax assessed value: $5,218,600
- Annual tax amount: $19,752
- Date on market: 9/19/2026
- Cumulative days on market: 7 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Short Term Lease
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2026 | Listed for sale | $4,395,000-12%$1,804/sqft |
Source: | ||
| 5/1/2026 | Listing removed | $4,995,000$2,050/sqft |
Source: | ||
| 4/6/2026 | Price change | $4,995,000-5.7%$2,050/sqft |
Source: | ||
| 3/6/2026 | Price change | $5,295,000-3.6%$2,174/sqft |
Source: | ||
| 11/14/2025 | Price change | $5,495,000-5.2%$2,256/sqft |
Source: | ||
| 10/21/2025 | Listed for sale | $5,795,000-7.3%$2,379/sqft |
Source: | ||
| 9/1/2025 | Listing removed | $6,250,000$2,566/sqft |
Source: | ||
| 2/19/2025 | Listed for sale | $6,250,000+56.3%$2,566/sqft |
Source: | ||
| 11/20/2023 | Listing removed | -- |
Source: | ||
| 5/23/2023 | Price change | $4,000,000-11.1%$1,642/sqft |
Source: | ||
| 4/26/2023 | Price change | $4,500,000-9.9%$1,847/sqft |
Source: | ||
| 11/23/2022 | Listed for sale | $4,995,000+53.7%$2,050/sqft |
Source: | ||
| 4/22/2021 | Sold | $3,250,000+5%$1,334/sqft |
Source: | ||
| 2/24/2021 | Pending sale | $3,095,000$1,271/sqft |
Source: | ||
| 2/2/2021 | Listed for sale | $3,095,000+107%$1,271/sqft |
Source: | ||
| 8/14/2013 | Listing removed | $1,495,000$614/sqft |
Source: Figure Eight Island Associates DBA Figure Eight Realty #477282 Report a problem | ||
| 6/7/2012 | Listed for sale | $1,495,000$614/sqft |
Source: Figure Eight Island Associates DBA Figure Eight Realty #477282 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,826 +29.6% | $5,218,600 +79% |
| 2024 | $15,304 +0% | $2,914,800 |
| 2023 | $15,298 -0.9% | $2,914,800 |
| 2022 | $15,443 -3.3% | $2,914,800 |
| 2021 | $15,971 +49.8% | $2,914,800 +72.9% |
| 2020 | $10,665 | $1,686,100 |
| 2019 | $10,665 | $1,686,100 |
| 2018 | $10,665 | $1,686,100 |
| 2017 | $10,665 +12.4% | $1,686,100 +23.2% |
| 2016 | $9,484 +7.6% | $1,368,600 |
| 2015 | $8,814 +1.7% | $1,368,600 |
| 2014 | $8,663 | $1,368,600 |
| 2013 | -- | $1,368,600 |
| 2012 | -- | $1,368,600 -21.2% |
| 2011 | -- | $1,737,377 |
| 2010 | -- | $1,737,377 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28411
Nearby schools
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.





