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$9,750,000

Beds
5
Baths
6.0
sq ft
4,609

507 North Beach Road, Wilmington, NC 28411

507 North Beach Road

Wilmington, NC 28411

  • 9 days on market
Welcome to Figure Eight Island, the ''Hamptons of the South'' - located at 507 Beach Rd N, this sophisticated modern residence, designed by David Lisle and executed by Core Carolinas in 2022, offers new-luxury without the challenges of construction. All five bedrooms and seven bathrooms were placed to center around the tranquility of ocean and ICWW views, all while avoiding the heightened maintenance and accelerated wear-and-tear often associated with direct oceanfront homes — a feature that locals know makes this specific home extremely desirable. The first floor includes a private owner's entrance, a three-car garage, two versatile flex rooms, a storage room, and a 'hobby' room. Each room has its own heating and cooling system for custom comfort. The second floor offers guest suites, one of two luxurious primary suites, a living area with built-in cabinetry, a kitchenette, and inviting outdoor spaces. The third floor is the heart of the home, with breathtaking views, vaulted oak ceilings, a gourmet kitchen, a den/office, and a resort-like primary suite with separate dual closets, a water-vapor fireplace, and a private oceanside deck. The spa-like en suite bathroom features dual vanities, a soaking tub, and an oversized walk-in shower. Additional features include smart home technology, a full-home generator, security cameras, impact-resistant windows, and pre-wiring for electric shades. The home also boasts LED lighting, surround-sound speakers, an instant water heater, a water softener, and a reverse osmosis system. Other amenities include an elevator, a smart-heated pool and hot tub, an outdoor shower, irrigation, custom landscaping, and private beach access. This home warrants a membership to the exclusive Figure 8 Island Yacht Club. Accessible only by boat or a 24/7 guarded causeway, Figure 8 Island offers unmatched privacy and luxury. 507 Beach Rd N is designed to enhance the elevated lifestyle — and so much more. Truly, coastal living at its finest.

Details

Property type

Single Family Residence

Est. home value

$6,983,638

Lot size

0.48 acres

Price per sq ft

$2,116

Year built

2022

Annual property taxes

$9,267.06

HOA fee

$6,690

Price History

12/13/2024
NorthCarolinaRegional

NorthCarolinaRegional #100479772

Listed
$9,750,000
+1047.06%
09/22/2020
NorthCarolinaRegional

NorthCarolinaRegional #100161815

Sold
$850,000

Schools & Community

Elementary school: 

Porters Neck

Middle school: 

Holly Shelter

High school: 

Laney

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Citizens Bank & Trust Co

Loan start date

July 2021

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Building or Construction Loan, 30 year

Seller

F8 North Llc

Lender

First Citizens Bank & Trust Co

Loan start date

September 2020

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

2.99%

Loan type

Commercial

Seller

F8 North Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/21/2024 at 1:30 PM

Listing updated: 12/13/2024 at 1:37 PM

Listed by: Autumn L Masri, Keller Williams Innovate-Wilmington Phone #: (910) 777-2200

MLS: NorthCarolinaRegional #100479772

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