75
WBM
mid-century modernist architect Ligon B. Flynn is
an architectural masterpiece. Flynn believed, “The
single most precious thing to have is a breeze. It’s
free. I wanted there to always be a breeze.”
“It is an amazing design by Flynn,” listing agent
Nick Phillips says. “I believe he wanted to create
a house that was truly worthy of this extraordi-nary
lot.”
The home, with a private pier and boat lift, sold
for $4.8 million, 92 percent of its list price. It was
sold the day it came on the market, a trend seen
areawide.
“That was the highest price anyone has paid on
Figure Eight since that house sold last for $5.2
million in 2005,” Phillips says.
The seller was in Texas and not using the house
often. The buyers had been looking for three
to four years, buyer agent Buzzy Northen of
Intracoastal Realty says. The buyers are a young
couple who will use the home for vacations.
“Each year of my six to seven years I have been
doing this, my buyers have gotten younger,” says
Northen.
Coming into the market were those relocating
to make Wilmington their primary residence, to
work remotely from home, including younger
buyers.
This submarket was not exclusive to Figure
Eight.
“Meeting the demographic profile of a younger
buyer has particularly been a challenge,” Jessica
Edwards of Coldwell Banker Sea Coast Realty
says. “Free time is important to all of us, but par-ticularly
to the younger buyer, and they don’t want
to spend it on renovations. The younger buyer
doesn’t want a second-generation home that needs
a complete home remodel. They want a modern,
turnkey home, that they can quickly move into.
This applies to the affluent, as well as the first-time
home buyer.”
Selling for $4,687,500, the number two sale
at Figure Eight was a house built in 2016 in the
middle of the island at 4 Beach Road S. The pro-fessionally
decorated home with ocean-to-sound
views and high-end finishes and appliances sold
for not quite 95 percent of the asking price.
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