FIGURE EIGHT ISLAND ended the year with $48.9
million in list and sold volume, 20 homes sold.
“Inventory is a big, big part of what is going
on at Figure Eight,” Intracoastal Realty’s Buzzy
Northen says. “Five years ago, there were 52
houses for sale, today there are approximately 15.”
The reported average days on market was 189, down from
205 the previous year.
The top sale was 226 Beach Road North, a 5,680sf, 4 bed-room,
6 bath oceanfront with a heated pool, which sold for $4.8
million to a family from Forest, Virginia. It sold in 67 days.
Kirra Sutton says the home’s number of days on the market
was low compared to what she has seen for the last five to six
years.
“It was not on the market for as long as a typical property on
Figure Eight,” she says. “There were multiple people interested
in that property.”
Again mirroring the county, the second-highest sale was
oceanfront with a heated pool, and 4-car garage and 6,440sf at
90 Beach Road North, sold for $4.6 million.
“The family that bought 90 Beach Road South looked for
years,” Kirra Sutton says. “The husband is originally from
North Carolina. They wanted something that was high quality
or to build custom, and that house fit most of the bullet points
for them. You get unobstructed ocean and sound views and are
able to accommodate a pool.”
Both of these homes were of high-quality construction and
finish.
“Quality of home and location on the island is the driving
force behind the pricing right now,” says Buzzy Northen. “And
from Topsail to Wrightsville Beach, we really have unspoiled
waters that don’t exist until you get down to Florida.”
The fifth top sale in the county was 286 Beach Road N.,
which sold to a family from Charlotte.
“286 Beach Road N. was the first $1,000-per-square-foot
home sold at Figure Eight. It was a barrier breaker,” says
Northen.
Boasting African teak ceilings and cabinetry, the renovated
1985 home with under 3500sf, on a secluded .78-acre lot on the
north end, sold for $3.9 million.
Figure Eight Island
february 2018 106
WBM