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For sale
  • $4,395,000

    138 Beach Road S, Wilmington, NC 28411

    4beds
    2,436sqft
    : 
    $28,023/mo
    Get pre-qualified
    Single Family Residence
    Built in 1978
    0.57 Acres Lot
    $-- Zestimate®
    $1,804/sqft
    $558/mo HOA

    What's special

    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.
    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#: 100604838MLS LogoOriginating 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

        DateEventPrice
        9/19/2026Listed for sale$4,395,000-12%$1,804/sqft
        Source: Hive MLS #100604838 Report a problem
        5/1/2026Listing removed$4,995,000$2,050/sqft
        Source: Hive MLS #100537224 Report a problem
        4/6/2026Price change$4,995,000-5.7%$2,050/sqft
        Source: Hive MLS #100537224 Report a problem
        3/6/2026Price change$5,295,000-3.6%$2,174/sqft
        Source: Hive MLS #100537224 Report a problem
        11/14/2025Price change$5,495,000-5.2%$2,256/sqft
        Source: Hive MLS #100537224 Report a problem
        10/21/2025Listed for sale$5,795,000-7.3%$2,379/sqft
        Source: Hive MLS #100537224 Report a problem
        9/1/2025Listing removed$6,250,000$2,566/sqft
        Source: Hive MLS #100489707 Report a problem
        2/19/2025Listed for sale$6,250,000+56.3%$2,566/sqft
        Source: Hive MLS #100489707 Report a problem
        11/20/2023Listing removed--
        Source: Hive MLS #100359318 Report a problem
        5/23/2023Price change$4,000,000-11.1%$1,642/sqft
        Source: Hive MLS #100359318 Report a problem
        4/26/2023Price change$4,500,000-9.9%$1,847/sqft
        Source: Hive MLS #100359318 Report a problem
        11/23/2022Listed for sale$4,995,000+53.7%$2,050/sqft
        Source: Hive MLS #100359318 Report a problem
        4/22/2021Sold$3,250,000+5%$1,334/sqft
        Source: Hive MLS #100254950 Report a problem
        2/24/2021Pending sale$3,095,000$1,271/sqft
        Source: Hive MLS #100254950 Report a problem
        2/2/2021Listed for sale$3,095,000+107%$1,271/sqft
        Source: Hive MLS #100254950 Report a problem
        8/14/2013Listing removed$1,495,000$614/sqft
        Source: Figure Eight Island Associates DBA Figure Eight Realty #477282 Report a problem
        6/7/2012Listed for sale$1,495,000$614/sqft
        Source: Figure Eight Island Associates DBA Figure Eight Realty #477282 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 28411

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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