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.
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.
Price Information
Listing Price Info
Price Summary:
List Price: $9,200,000
Price Per SqFt: $1,537/SqFt
Tax Information:
Annual Amount: $21,826
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Wilmington, NC.
This property is $8.7M more than the Median Sold Price and $1.2K/SqFt more than other homes in Wilmington, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #100459191
Listing Office:
Office Name: Figure Eight Realty
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). 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 this firm 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. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 09, 2016
Dec 09, 2016Home Sold
$3,537,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$21,826
$3,450,800
2019
$21,588
$3,413,200
2018
$21,588
$3,413,200
2017
$16,860
$3,413,200
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Porters Neck Elementary School
416 Edgewater Club Rd
Distance between this listing and this school2.19 miles
Public District Grades KG-5
8
/10
Ogden Elementary School
3637 Middle Sound Rd
Distance between this listing and this school3.17 miles
Public District Grades KG-5
8
/10
Wrightsville Beach Elementary School
220 Coral Dr
Distance between this listing and this school4.01 miles
Public District Grades KG-5
Nearby Schools
4
/10
Coastal Preparatory Academy
1135 Pandion Dr
Distance between this listing and this school3.70 miles
Public Charter Grades KG-8
5
/10
MCS Noble Middle School
6520 Market St
Distance between this listing and this school4.71 miles
Public District Grades 6-8
4
/10
Emma B. Trask Middle School
2900 N College Rd
Distance between this listing and this school7.40 miles
Public District Grades 6-8
Nearby Schools
4
/10
Emsley A Laney High School
2700 N College Rd
Distance between this listing and this school7.27 miles
Public District Grades 9-12
8
/10
Isaac M Bear Early College High School
630 MacMillan Ave N
Distance between this listing and this school7.75 miles
Public District Grades 9-12
8
/10
Sea-Tech
5301 Sidbury Rd
Distance between this listing and this school8.14 miles
The neighbors living near this home have an average income of $93,202. Most Wilmington, NC residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1 Banks Rd
What is the listing price of this property?
The listing price of 1 Banks Rd property is $9,200,000.
What type of property is this?
The property 1 Banks Rd is a house located in Wilmington, North Carolina, 28411.
Is this property for sale now?
Active Listing: 1 Banks Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $21,826 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 9, 2016 for $3,537,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1 Banks Rd has 5 bedrooms and 5 full and 2 half bathrooms.
What is the square footage of this property?
The property 1 Banks Rd is 5,985 SqFt (source: MLS/tax record).
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This home is located at 1 Banks Rd in Wilmington, NC and zip code 28411 in the Figure 8 Island neighborhood. This 5,985 square foot home, which was built in 2002, sits on a 0.51 acre lot. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since August 03, 2024 and is currently priced at $9,200,000.
In October 2024, from all listings sold in Wilmington, NC there were more than 46 sold above asking price, over 153 sold below and more than 66 were sold right at the asked price. The number of listings in Wilmington, NC increased by 3.5% between September 2024 and October 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $425,528 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). 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 this firm 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. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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