Figure 8 Island stands as North Carolina's most exclusive private island--renowned for its seclusion, prestige, and extraordinary coastal beauty. This 4-bedroom, 3-bathroom oceanfront residence sits on 0.61 acres of pristine beachfront and is uniquely grandfathered into a setback that places it slightly ahead of its neighbors, capturing sweeping, unobstructed ocean views from its wraparound decks.
A comprehensive survey completed in July 2025 confirmed that the dune line remains strong and the First Stable Line of Vegetation has not shifted, verifying that the lot retains full buildability and ample space for a future home. Preliminary architectural drawings by Kersting Architecture for a 4,900 square foot custom build further showcase the site's potential.
Protected by high, wide dunes ensuring excellent storm resilience and bordered by HOA-owned conservation land across the street, the property enjoys exceptional privacy and enduring natural beauty. The existing home features dual garages, a guest suite on the lower level, and a bright, open main living area upstairs with panoramic ocean vistas, a spacious kitchen, and three additional bedrooms.
With recent new-construction sales on Beach Rd S closing at $12.5 million and $13.9 million, this property presents tremendous upside for those seeking to design and build a premier coastal estate. Buyers may also apply for membership at the exclusive Figure Eight Island Yacht Club, where the current owner holds a charter membership. This charter membership offers full access to the club and is transferable to the buyer, subject to the club's approval and standard transfer requirements.
Enjoy, renovate, or rebuild--138 Beach Rd S represents an unmatched opportunity to invest in lifestyle, privacy, and long-term appreciation on one of the East Coast's most coveted shorelines.
For sale
Price cut: $200K (3/6)
$5,295,000
138 Beach Road S, Wilmington, NC 28411
4beds
2,436sqft
Est.:
Single Family Residence
Built in 1978
0.57 Acres Lot
$4,990,900 Zestimate®
$2,174/sqft
$558/mo HOA
What's special
Extraordinary coastal beautySpacious kitchenThree additional bedrooms
- 153 days |
- 2,103 |
- 48 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 18, 2026 at 09:50am
Listed by:
Austin Kenyon 910-625-7940,
Intracoastal Realty Corp,
Kenyon Realty Group 910-625-7940,
Intracoastal Realty Corp
Source: Hive MLS,MLS#: 100537224
Originating MLS: Inc.
Originating MLS: Inc.Tour with a local agent
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, Bedroom 5, Bathroom 2, Bathroom 3
Bedroom 2
- Dimensions: 14.47 x 11.7
Bedroom 3
- Dimensions: 12.01 x 12.36
Bedroom 4
- Dimensions: 11.98 x 12.38
Bedroom 5
- Dimensions: 11.76 x 11.82
Bathroom 2
- Dimensions: 5.06 x 8.38
Bathroom 3
- Dimensions: 7.55 x 4.71
Dining room
- Dimensions: 27.11 x 24.03
Kitchen
- Dimensions: 11.39 x 11.23
Heating
- Electric, Forced Air
Cooling
- Central Air
Features
- Entrance Foyer, None, Kitchen Island, Ceiling Fan(s), Pantry
- Has fireplace: No
Interior area
- Total structure area: 2,436
- Total interior livable area: 2,436 sqft
Property
Parking
- Total spaces: 2
- Parking features: Secured, Garage Faces Front, Attached, On Site
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio, Wrap Around
- Fencing: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- 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
- Security: Security System
- 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: $2,174/sqft
- Tax assessed value: $5,218,600
- Annual tax amount: $19,752
- Date on market: 10/21/2025
- Cumulative days on market: 153 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Short Term Lease
- Road surface type: Paved
Estimated market value
$4,990,900
$4.74M - $5.24M
$2,986/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Price change | $5,295,000-3.6%$2,174/sqft |
Source:  Hive MLS #100537224 Report a problem | ||
| 11/14/2025 | Price change | $5,495,000-5.2%$2,256/sqft |
Source: Hive MLS #100537224 Report a problem | ||
| 10/21/2025 | Listed for sale | $5,795,000-7.3%$2,379/sqft |
Source: Hive MLS #100537224 Report a problem | ||
| 9/1/2025 | Listing removed | $6,250,000$2,566/sqft |
Source: Hive MLS #100489707 Report a problem | ||
| 2/19/2025 | Listed for sale | $6,250,000+56.3%$2,566/sqft |
Source: Hive MLS #100489707 Report a problem | ||
| 11/20/2023 | Listing removed | -- |
Source: Hive MLS #100359318 Report a problem | ||
| 5/23/2023 | Price change | $4,000,000-11.1%$1,642/sqft |
Source: Hive MLS #100359318 Report a problem | ||
| 4/26/2023 | Price change | $4,500,000-9.9%$1,847/sqft |
Source: Hive MLS #100359318 Report a problem | ||
| 11/23/2022 | Listed for sale | $4,995,000+53.7%$2,050/sqft |
Source: Hive MLS #100359318 Report a problem | ||
| 4/22/2021 | Sold | $3,250,000+5%$1,334/sqft |
Source: Hive MLS #100254950 Report a problem | ||
| 2/24/2021 | Pending sale | $3,095,000$1,271/sqft |
Source: Hive MLS #100254950 Report a problem | ||
| 2/2/2021 | Listed for sale | $3,095,000+107%$1,271/sqft |
Source: Hive MLS #100254950 Report a problem | ||
| 8/14/2013 | Listing removed | $1,495,000$614/sqft |
Source: Figure Eight Island Associates DBA Figure Eight Realty #477282 Report a problem | ||
| 6/7/2012 | Listed for sale | $1,495,000$614/sqft |
Source: Figure Eight Island Associates DBA Figure Eight Realty #477282 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
BuyAbility℠ payment
Est. payment
$28,802/mo
Principal & interest
$26082
Property taxes
$2162
HOA Fees
$558
More affordability tools
Climate risks
Neighborhood: 28411
Nearby schools
GreatSchools rating
- 7/10Ogden ElementaryGrades: K-5Distance: 3.1 mi
- 9/10Holly Shelter Middle SchoolGrades: 6-8Distance: 10.2 mi
- 4/10Emsley A Laney HighGrades: 9-12Distance: 7.2 mi
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.
Local experts in 28411
- North Carolina
- New Hanover County
- Wilmington
- 28411
- 138 Beach Road S
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