PHOTOS COURTESY INTRACOASTAL REALTY CORPORATION
60
WBM february 2019
FIGURE EIGHT ISLAND
FIGURE EIGHT is
a market all its own.
This planned com-munity,
developed
by the Cameron family in
the late 1960s and early
1970s, includes 498 homes
(563 lots). Fewer than 25 of
these are year-round. The
remainder are the owners’
vacation homes. There is
one way on and one way off
the island, unless traveling
by boat or as a few residents
do by helicopter. The social
hub of the island is the Yacht
Club. Most homes are water-front,
either ocean or sound-front
on Banks Channel, or
fingers of water created by
dredging when the island was
first developed.
“The first lots sold in
1966 for $5,000,” Buzzy
Northen says.
Nine of the top 20 homes
sold in New Hanover
County were on Figure
Eight Island, all more than
$2 million. With a closed
volume of more than $52
million, Figure Eight Island
saw a total of 23 sales for the
year. Three of these were big-ticket
lots.
The top lot sale in the
county and Figure Eight
Island was 68 Beach Road
South, which sold post-storm
in October for $2.55 million.
The seller was an old Figure
Eight family that owned from
the sound all the way to the
oceanfront; they sold the
oceanfront.
North of the eye wall of
Hurricane Florence, the most
2018 TOP LAND SALES NEW HANOVER COUNTY
Permit Number Sold Price Address Rd
Frontage
Water
Frontage
Total
Acres
Sold
Date
1 $2,550,000 68 Beach Road S, Wilmington 100 100 .63 10/24/18
2 $2,200,000 3 Sounds Point, Wilmington 86 111.7 .58 1/4/18
3 $2,000,000 13 Northridge Road, Wrightsville Beach 49 69 .19 11/16/18
4 $2,000,000 305 N Beach Road, Wilmington 112 109 .44 8/30/18
5 $1,825,000 217 S Lumina Avenue, Wrightsville Beach 50 50 .27 9/27/18
6 $1,600,000 6917 Masonboro Sound Road, Wilmington 240 353 16.3 12/21/18
7 $1,550,000 1929 Middle Sound Loop Road, Wilmington 397 200 5.63 12/20/18
8 $1,500,000 10 Inlet Hook Road, Wilmington 100 118 1.94 3/15/18
9 $1,374,500 10 Surf Court, Wilmington 93 91 .36 6/11/18
10 $1,000,000 1405 Landfall Drive, Wilmington 106 174 .7 8/14/18