1 Banks Road

Wilmington, NC 28411

$9,200,000

$1,537 per Sq.Ft.

Active
5 beds
6 baths
5985 Sq. Ft.
Residential
Built in 2002
MLS #100459191

5 beds

6 baths

5985 Sq. Ft.

Residential

Built in 2002

MLS #100459191

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.

Interior Features

Total bedrooms

5 bedrooms

Full bathrooms

5 full bathrooms

Half bathrooms

2 half bathrooms

Kitchen appliances

Interior features

Foyer, solid surface, bookcases, kitchen island, 9ft+ ceilings, vaulted ceiling(s), ceiling fan(s), elevator, pantry, reverse floor plan, walk-in shower, walk-in closet(s)

Flooring

Tile, wood

Cooling

Central air

Heating

Heat pump, electric

Exterior Features

Lot size

0.51 acres

Lot features

Interior lot

Water front

Yes

Water features

Bulkhead, salt marsh, second row, sound side, water access comm, waterfront comm

Fencing

None

Exterior features

Cedar, shake siding

Roof

Shake

HOA Information

HOA

Yes

HOA fees

$6,690.00

HOA amenities

Beach access, beach rights, gated, jogging path, maint - comm areas, ramp, tennis court(s), trash, owner pets only

Utilities

Community water

Schools

Elementary school

Porters Neck

Middle school

Holly Shelter

High school

Laney

Other Information

Tax assessed value

$3,383,600.00

Tax amount

$17,679.31

Tax year

2023

Zoning

R-20S

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Listing provided courtesy of: Figure Eight Realty. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

Market trends

There were 174 new listings in Wilmington last month. The average time on market was 59 days and the average price of new new listings was $655,057. Over the last three months, the average sale price to list price ratio was 96.17%.

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1 Banks Road