138 Beach Road S

Wilmington, NC 28411

$4,395,000

4Bedrooms
3Bathrooms
2,436Heated sqft
1978Year built
Figure Eight Island Subdivision
Single Family ResidenceProperty subtype
Landmark Sotheby's International RealtyListing office
Nick Phillips GroupListing agent
New HanoverCounty
0.57 acres Lot size

About the property

Oceanfront offerings on Figure Eight Island are increasingly rare, and opportunities of this nature are seldom available. Set within North Carolina's most exclusive private island community, 138 Beach Road South offers a canvas with 100 feet of direct beach frontage, sweeping ocean views, and an extraordinary setting defined by privacy, natural beauty, and the understated character that has made Figure Eight Island one of the East Coast's most treasured coastal enclaves.

For those considering the property with an eye toward the future, a comprehensive survey was completed in July 2025, along with preliminary architectural plans by acclaimed Kersting Architecture envisioning an approximately 4,900-square-foot custom residence. These materials offer an intriguing vision to imagine the future possibilities for this exceptional property.

In the meantime, the charming four-bedroom, three-bath classic Figure Eight cottage offers the opportunity to begin enjoying the island immediately. The home captures the relaxed character of an earlier era on Figure Eight, with a bright, open main living area, spacious kitchen, expansive wraparound decks, and beautiful ocean views. Dual garages and a lower-level guest suite add functionality, while three additional bedrooms provide comfortable accommodations for family and friends.

Perhaps most appealing is the luxury of time the existing cottage affords. A new owner can enjoy mornings overlooking the ocean, days on the beach, and evenings with family and friends while thoughtfully considering the property's next chapter.

With its direct beach frontage, remarkable views, existing cottage, and architectural work already undertaken to explore its future potential, 138 Beach Road South represents an increasingly rare opportunity to capture a special piece of Figure Eight Island.

At a glance

Listing details

Full bathrooms
3
Half bathrooms
0
Heated square feet
2,436
Lot acres
0.57
Lot dimensions
100' x 250'
Stories
2
Zoning
R-20S
HOA
Yes
Waterfront
Yes
Fireplace
No

Education

Schools

Elementary school
Porters Neck
Middle school
Holly Shelter
High school
Laney
School district
New Hanover

Complete report

Property features

City
Wilmington
Sub-Type
Single Family Residence
County
New Hanover
Location Type
Island
Subdivision
Figure Eight Island
Secondary Subdivision
N/A
City Limits
Yes
Marketing City
Wilmington
Year Built
1978
# Baths - Total
3
# Bedrooms
4
# Rooms
7
Master Bedroom Level
Primary Living Area
Waterview
Yes
New Construction
No
Sign on Property
No
Appliances/Equip
Dishwasher; Electric Cooktop; Electric Oven; Refrigerator
Construction
Wood Frame
Cooling
Central Air
Dining Room Type
Combination
Entry Level Information
Entry Level: 1
Exterior Finish
Wood Siding
Foundation
Pilings; Slab
Terms
Cash; Conventional
Rental Information
Lease Term: Short Term Lease
Lease Term
Short Term Lease
Furnished
Furnished
Fencing
None
Interior Features
Ceiling Fan(s); Pantry
Garage & Parking
Attached Garage Spaces: 2; Detached Garage Spaces: 0; Total # Garage Spaces: 2; Total Carport Spaces: 0
HOA and Neigh Amenities
Clubhouse; Community Pool; Maint - Comm Areas; Maint - Grounds; Maint - Roads; Security; Tennis Court(s); Waterfront Community
Heated SqFt
2400 - 2599
Heating
Forced Air
Heating System Fuel Source
Electric
Lot Water Features
Ocean Side; Water Access Comm
Patio and Porch Features
Deck; Wrap Around
Parking Features
Attached; Garage
Roof
Shingle
Road Type/Frontage
Paved; Private Road
Levels
Two
Utilities
Water Available
Sewer
Septic Tank
Water Source
Community Water
Construction Type
Stick Built
View Type
Ocean; Water
Frontage Type
Oceanfront
Tax Assessed Value
$5,218,600
Cobra Zone
No
Deed Book
6439
Deed Page
2874
Plat Book
13
PID
R05208-001-009-000
Tax Identifier
R05208-001-009-000
Plat Page
20
Total Real Estate Property Taxes
$19,752.41
Special Assessments
None
Tax Year
2025
Legal
Lot 138 Sec 5 Figure Eight Island
Directions to Property
From Market Street, right onto Porters Neck Road, at the roundabout, take the first exit onto Edgewater Club Road, right onto Beach Road S. Property is on the left.