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1 Banks Road

Wilmington, NC 28411

5 beds
6 baths
5,985 sqft
~1/2 acre lot
$1,436 per sqft
2002 build
– on site

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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 Mar 21, 2025 •

MLS# 100459191 —

The Building

Year Built:

2002
Construction:

Wood Frame
Construction Type:

Stick Built
Roof:

Shake
Stories:

3.0
Stories/Levels:

3 Story or More
Exterior Finish:

Cedar, Shake Siding
Foundation:

Pilings, Slab
SqFt - Heated:

5,985 Sqft
Exterior Features:

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

Covered, Screened, Patio, Porch, Open, Deck

Interior

Interior Features:

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

7
Dining Room Type:

Combination
Flooring:

Tile, Wood
Fireplace:

1
Laundry Features:

Room

Financial & Terms

Terms:

Cash

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

Property Type:

A
Subtype:

Single Family Residence
Lot Features:

Interior Lot
Lot Water Features:

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

Per original Plat
Lot SqFt:

22,390 Sqft
View Type:

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

Yes
Waterfront:

Yes
Zoning:

R-20S
Horses:

No
Acres Total:

0.51
Fencing:

None
Other Structures:

Outdoor Kitchen, Storage
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

Total Baths:

7.00
Full Baths:

5
Half Baths:

2

Heating & Cooling

Heating:

Heat Pump
Heated SqFt:

5500 - 5999
Cooling:

Central, Heat Pump

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: Association Fee 1/Year:

6690.00
HOA and Neigh Amenities:

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

Yes

Parking

Garage & Parking: Total # Garage Spaces:

2.00
Garage & Parking: Attached Garage Spaces:

2.00
Parking Features:

Garage Door Opener, Paved, On Site

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Air Pollution Index

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Spectrum

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Utility Costs

$243/mo.

Estimate provided by ClearlyEnergy

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Sale history

Date	Event	Source	Price	% Change
3/18/25 Mar 18, 2025	Sold	HIVE	$8,600,000	-6.5%
2/3/25 Feb 3, 2025	Pending	HIVE	$9,200,000
8/3/24 Aug 3, 2024	Listed / Active	HIVE	$9,200,000	160.1% (20.9% / YR)

House Sold on 3/18/2025

$8,600,000

Listing provided by broker:

Kirra S Sutton

Figure Eight Realty

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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.

1 Banks Road

Wilmington, NC 28411