517 Beach Road N, Wilmington, NC 28411 – MLS# 100439911

Property Map

$2,650,000 – 517 Beach Road N, Wilmington, NC 28411

Street View

$2,650,000
0.62 Acre Lot
26,833 Sqft Lot
Status Active
Property Type Residential Land
Price Type
Days on Website 375

Courtesy of Jo El J Skipper, Figure Eight Realty

Description

Rare opportunity to build your dream home on exclusive, private Figure Eight Island! This large .62 acre lot is just steps away from the beach and provides the opportunity to design a home capturing views of the ocean, inlet, marsh and ICW. Preliminary plans including a pool by Maria Williams with John Stirewalt Architecture are available (see attached documents). Previously permitted for a Four bedroom permit septic system. A Figure Eight Island Yacht Club Charter Membership included ($60,000 value)…offering access to a large pool and cabana, clay tennis courts, fitness classes, the opportunity to lease a boat slip in the Marina (there is a waitlist), and dining facilities. In addition the HOA offers a boat ramp, walking/biking trail and tennis/pickleball courts to all island residents. Figure Eight is a gated community offering immense privacy and over 5 miles of pristine beach. Enjoy the beauty and tranquility that you can only find on Figure Eight Island!

HOA Amenities

Property Details and Features

Property Access

  • Road Type/Frontage: Private

Disclosures

  • No

Home Owner’s Association

  • HOA: Yes
  • HOA Amenities: Beach Access,Tennis Court(s),Trash,Ramp,Security,Gated,Maint – Roads,Maint – Comm Areas,Jogging Path

Listing

  • Sub-Type: Residential Land
  • Listed on 2024-04-17
  • List Price/Acre: $4,274,194
  • Terms: 1031 Exchange,Conventional,Cash

Location

  • Zip Code: 28411
  • Latitude: 34.290132
  • Longitude: -77.720176
  • Subdivision: Figure Eight Island
  • City Limits: No

Lot

  • 26,833 sqft lot
  • Lot Dimensions: 103x294x78x300
  • 0.62 total acre
  • Lot Description: Interior Lot
  • Lot Water Features: Water Access Comm,Waterfront Comm
  • Topography: Undeveloped

Possession

  • At Closing

Property

  • Zoning: R-20S
  • Waterview
  • Federal Flood Insurance available
  • Soil Evaluation: Other: 4 bdrm septic permit
  • Bldgs on Property: None
  • Soil Evaluation: Soil Evaluation – No

Taxes

  • Tax Assessed Value: $963,000
  • Property Taxes: $5,032
  • City Tax Rate: 5974
  • Tax Year: 2023

Utilities

  • Community Water Available
  • Septic Permit on file
  • Fuel Tank: None

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