Neighborhood Review: Figure Eight Island

Figure Eight Island is a barrier island located just north of Wrightsville Beach, North Carolina. It is a private island with only one access by land – a guarded causeway bridge. A luxurious playground for some of the country’s wealthiest people, Figure Eight Island is one of the most affluent communities in coastal North Carolina.

If you’re looking for homes for sale Wilmington NC in an affluent beach community, this area may be for you. Here is our neighborhood review of Figure Eight Island.

Figure 8 Island – Where the Rich and Famous Vacation

Figure Eight Island currently has 475 homes on its 1,300 acres, 90% of which are second homes to some of the country’s business and industry titans. Over the years, celebrities like Jennifer Aniston, Alec Baldwin, and Dustin Hoffman have vacationed here, while homeowners have included Senator John Edwards, John Mack (former CEO of Morgan Stanley), and J. Eric Pike, the President and CEO of Pine Energy Solutions.

As you might expect, the community is extremely private and protected from the public. Because the island has no commercial property, residents must leave the island to access all businesses such as grocery stores, banks, and restaurants. The one exception is the private Figure Eight Yacht Club (described below).

Those who live on Figure Eight Island value the natural setting which remains predominantly marshland. The homeowners association is committed to conserving the island’s nature and wildlife. For example, sea turtle nests are monitored on a daily basis during the summer and endangered plants and animals are regularly surveyed and protected.

Home Sales and Tax Information for Figure 8 Island

The median sale price for homes on figure Eight Island is approximately $1,840,000 with recent sales ranging from $1.2M to $3.2M. Lot prices range from $690K to $2.6M. Taxes include 46 cents per $100 valuation to the city of Wilmington and 55.4 cents per $100 valuation to New Hanover County.

The community is managed by the Figure 8 Beach Homeowners Association. As of July 2015, the HOA dues are $423.75 a month, which covers common area maintenance, road maintenance, management fees, security, trash removal, and master insurance policy.

The island’s Yacht Club is available to only island residents and homeowners. The Yacht Club has a host of amenities like a swimming pool, tennis courts, playground, marina, dock and ramp, fitness facility, and its own restaurant. Membership in the Yacht Club is not included in the HOA fees and requires separate payment.

Nearby Attractions and Amenities

Figure Eight Island is about a 5 minute drive to the Porter’s Neck shopping center area. There are several restaurants to choose from including Kornerstone Bistro, K38 Baja Grill, Two Guys Grille and more. Other conveniences are in the Porter’s Neck area include Lowe’s Home Improvement store, Harris Teeter, and a brand-new Wal-Mart. Figure 8 Island is about a 15 minute drive to the shopping of Mayfaire Town Center, which includes many retailers, restaurants, and a movie theater.

Looking for Homes for Sale Wilmington NC? Just For Buyers Realty Can Help

There are a lot of homes for sale in Wilmington NC, but few offer the exclusivity and luxurious privacy like those on Figure Eight Island. At Just For Buyers Realty, our exclusive buyer’s agents can help you learn more about what properties are up for sale on Figure 8 Island and help you negotiate the best deal possible. We’re experts on the real estate market in the coastal Carolinas and we can help you find, negotiate, and buy the home of your dreams. Just give us a call today at 910-202-4813 and one of our licensed exclusive buyer’s agents will be happy to help you in your search for the ideal home.