THE top 2020 home sale for New Hanover County was
FIGURE EIGHT ISLAND LANDS TOP SALES
at 142 Beach Road South on Figure Eight Island. The
7-bedroom, 5,877 sf oceanfront home on a double
lot was listed and sold by Buzzy Northen in October
for $5.5 million. It included separate 624 sf guest
quarters, and garage space for five vehicles.
Out of the top 35 residential sales in New Hanover County, 49
percent or 17 homes were on the island.
Figure Eight saw a staggering 82 percent increase in sold
volume, and a 60 percent increase in properties sold. The median
sales price increased 19 percent.
“2020 was a year unlike any other,” Northen says. “By early
May, all second homes all over the country were in great demand.
People wanted to get away from large cities. Places like Wilm-ington
and beaches were sought after destinations to get away
from COVID. The fact that Figure Eight is private is a factor. It
gave everybody a feeling of safety, or a safe place to be. In my
opinion, it has been the strongest real estate year in history. I’m
talking about all of Carolina, the whole area. People are trying to
upgrade their homes because they are much more important to
them than before COVID.”
The buyers of 142 Beach Road South were a young couple who
wanted to move south.
“They were selling a property in the Northeast for a dramati-cally
higher price than what they paid for the nicest oceanfront
house in Figure Eight,” Northen says.
Inventory on the island is the tightest it has ever been.
“Eight years ago there were 42 houses and seven lots for sale at
Figure Eight. At the end of 2020 there were three houses and two
lots,” says Northen.
“We have been battling more demand than supply, we battled
that in 2019,” says Figure Eight Realty broker Kirra Sutton.
Above left: Recently renovated, 168 Beach Road S. sold furnished for $2.75 million. Above right, top: The top-selling home in New
Hanover County was 142 Beach Road S. on Figure Eight Island. Sited on a double lot of 1.18 acres, it sold for $5.5 million. Above right,
bottom: 32 Saltmeadow Road, with mature end of point vegetation, sold for $3.175 million in March.
INTRACOASTAL REALTY CORPORATION
THE CAROLINAS FINEST INTRACOASTAL REALTY CORPORATION