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 8 Island Yacht Club, where the current owner holds a founding membership.
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: $300K (11/14)
$5,495,000
138 Beach Road S, Wilmington, NC 28411
4beds
2,436sqft
Est.:
Single Family Residence
Built in 1978
0.57 Acres Lot
$5,203,200 Zestimate®
$2,256/sqft
$558/mo HOA
What's special
- 51 days |
- 798 |
- 30 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 01:07pm
Listed by:
Austin Kenyon 910-625-7940,
Intracoastal Realty Corp
Source: Hive MLS,MLS#: 100537224
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors 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
- Fireplace features: None
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
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
- 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: $2,256/sqft
- Tax assessed value: $5,218,600
- Annual tax amount: $19,752
- Date on market: 10/20/2025
- Cumulative days on market: 51 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Short Term Lease
- Road surface type: Paved
Estimated market value
$5,203,200
$4.94M - $5.46M
$3,160/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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 | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $15,304 +0% | $2,914,800 |
| 2023 | $15,298 -0.9% | $2,914,800 |
| 2022 | $15,443 -3.3% | $2,914,800 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$32,307/mo
Principal & interest
$27353
Property taxes
$2473
Other costs
$2481
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.
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