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1 Banks Road

Wilmington, NC 28411

5 beds
6 baths
5,985 sqft
~1/2 acre lot
$1,537 per sqft
2002 build
– on site

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.

Listing courtesy of HIVE / Figure Eight Realty

Last checked: Checking… • Last updated Aug 14, 2024 •

MLS# 100459191 —

The Building

Year Built:

2002
Construction:

Wood Frame
Construction Type:

Stick Built
Exterior Finish:

Cedar, Shake Siding
Roof:

Shake
Foundation:

Pilings, Slab
Exterior Features:

Exterior Kitchen, Irrigation System, Outdoor Shower, Shutters - Board/Hurricane
Patio and Porch Features:

Covered, Deck, Open, Patio, Porch, Screened
Stories/Levels:

3 Story or More
Stories:

3.0
SqFt - Heated:

5,985 Sqft

Interior

# Rooms:

7
Interior Features:

9Ft+ Ceilings, Blinds/Shades, Bookcases, Ceiling - Vaulted, Ceiling Fan(s), Elevator, Foyer, Gas Logs, Kitchen Island, Pantry, Reverse Floor Plan, Smoke Detectors, Solid Surface, Walk-in Shower, Walk-In Closet
Dining Room Type:

Combination
Flooring:

Tile, Wood
Fireplace:

1
Laundry Features:

Room

Location

Directions to Property:

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.
Location Type:

Island
City Limits:

No

The Property

Subtype:

Single Family Residence
Property Type:

A
Lot SqFt:

22,390 Sqft
Lot Dimensions:

Per original Plat
Lot Features:

Interior Lot
Lot Water Features:

Bulkhead, Salt Marsh, Second Row, Sound Side, Water Access Comm, Waterfront Comm
Waterfront:

Yes
View Type:

Creek View, ICW View, Marsh View, Ocean View, Sound View, Water View
Water View:

Yes
Zoning:

R-20S
Horses:

No
Other Structures:

Outdoor Kitchen, Storage
Fencing:

None
Acres Total:

0.51
Frontage Type:

Sound Front
Road Type/Frontage:

Paved, Private

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Property Taxes:

$17,679.31

Beds

Bedrooms:

5

Baths

# Baths - Total:

7.00
# Baths - Full:

5
# Baths - Half:

2

Heating & Cooling

Heating:

Heat Pump
Heated SqFt:

5500 - 5999
Cooling:

Central, Heat Pump
Fuel Tank:

Propane Buried

Utilities

Utilities:

Community Water, Septic On Site
Water Heater:

Electric

The Community

Subdivision:

Figure Eight Island
Secondary Subdivision:

N/A
On-Site Pool/Spa:

None
HOA and Neigh Amenities:

Beach Access, Beach Rights, Gated, Jogging Path, Maint - Comm Areas, Owner Pets Only, Ramp, Tennis Court(s), Trash
HOA: Association Fee 1/Year:

6690.00
HOA:

Yes

Parking

Garage & Parking: Total # Garage Spaces:

2.00
Garage & Parking: Attached Garage Spaces:

2.00
Parking Features:

Garage Door Opener, On Site, Paved

Monthly cost estimate

Asking price

$9,200,000

Expense	Monthly cost
Mortgage	$49,263
Taxes	$1,473
Insurance	$2,530
Utilities	$243 See report
Total	$53,509/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
8/3/24 Aug 3, 2024	Listed / Active	HIVE	$9,200,000	160.1% (20.9% / YR)
12/9/16 Dec 9, 2016		HIVE	$3,537,500

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This house located in Figure 8 Island, NC 28411 is currently for sale for $9,200,000. 1 Banks Road is a 5,985 square foot house with 5 beds and 6 baths that has been on Estately for 111 days. 1 Banks Road is in the Figure 8 Island neighborhood of Wilmington and has a WalkScore® of 1, making it car-dependent. This house is in the attendance area of Porters Neck Elementary School, E.A. Laney High School, and Holly Shelter Middle School.

Listing Courtesy of: HIVE and Figure Eight Realty.

The information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.