This beautiful home is located on the sound directly across the street from the ocean on over an acre of land. This property offers the best in coastal living for those that love both boating and the beach. 5 bedrooms with 5.5 baths and with exceptional open water views and a sandy beach. This home features a new roof as of 2017, new pier and floating dock, new interior paint and refinished floors, elevator, 2 wet bars, gas fireplace, cypress ceiling and much more. Sold furnished with a Figure Eight Island Yacht Club Warrant.
Single-familyProperty Type
1995Year Built
1.14 acresLot Size
$2,084Est. Price/Sq.Ft.
2 car garageParking
Listed by T. Jo El Skipper• Figure Eight Realty
Bought with Nick Phillips• Landmark Sotheby's International Realty
Extraordinary home located on open water with fabulous views! 4 bdrs, den & wet bar located on lower level. Master suite, study & large private bath w/ jacuzzi tub & steam shower on upper level. Kitchen and wet bar w/ double layered granite countertops. Hardwood floors throughout living, dining, kitchen, breakfast area, and den. Cypress ceilings, gas log fireplace, plantation shutters, elevator, 2 wet bars, security sys, intercom sys, surround sound sys, 15,000 Ib boat lift for 30' boat, bulkhead, all new windows, & more. Beach access at end of drive! Warrant included.
Year
Property tax
Land + Additions
Assessment*
2025
$18,001 (−6.7%)
$5,616,000 + $2,827,200
$8,443,200
2024
$19,298
$5,616,000 + $2,827,200
$8,443,200
2023
$19,292 (−0.9%)
$2,925,000 + $754,200
$3,679,200
2022
$19,476 (−3.4%)
$2,925,000 + $754,200
$3,679,200
2021
$20,156 (−7.1%)
$2,925,000 + $754,200
$3,679,200
2020
$21,701
$2,925,000 + $754,200
$3,679,200
2019
$21,701 (−0.7%)
$2,810,000 + $621,000
$3,431,000
2018
$21,847 (−2.3%)
$2,810,000 + $621,000
$3,431,000
2017
$22,365 (+15.5%)
$2,810,000 + $644,000
$3,454,000
2016
$19,370 (+7.6%)
$2,810,000 + $644,000
$3,454,000
2015
$18,001 (+1.7%)
$1,964,500 + $830,700
$2,795,200
2014
$17,693
$1,964,500 + $830,700
$2,795,200
Tax history for 10 Banks Rd
Year
Property tax
Land + Additions
Assessment*
2025
$18,001 (−6.7%)
$5,616,000 + $2,827,200
$8,443,200
2024
$19,298
$5,616,000 + $2,827,200
$8,443,200
2023
$19,292 (−0.9%)
$2,925,000 + $754,200
$3,679,200
2022
$19,476 (−3.4%)
$2,925,000 + $754,200
$3,679,200
2021
$20,156 (−7.1%)
$2,925,000 + $754,200
$3,679,200
2020
$21,701
$2,925,000 + $754,200
$3,679,200
2019
$21,701 (−0.7%)
$2,810,000 + $621,000
$3,431,000
2018
$21,847 (−2.3%)
$2,810,000 + $621,000
$3,431,000
2017
$22,365 (+15.5%)
$2,810,000 + $644,000
$3,454,000
2016
$19,370 (+7.6%)
$2,810,000 + $644,000
$3,454,000
2015
$18,001 (+1.7%)
$1,964,500 + $830,700
$2,795,200
2014
$17,693
$1,964,500 + $830,700
$2,795,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
5.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.12 Acres
Year renovated
2000
Sq. Ft.
3,814
Year built
1995
Style
Single Family Residential
County
New Hanover County
APN
R04520-001-013-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 23, 2026.
R-20S
Residential 20S District
The purpose of the R-20S Residential (R-20S) District is provide lands to accommodate primarily very low density single-family development. The intent of the district regulations are to allow development that is compatible with the preservation of the district’s very low density single-family character, while accommodating residential opportunities for those who desire an exurban, low-density lifestyle. District residents should be willing to assume the costs of providing many of their own services and amenities while maximizing the protection of resources and the conservation of open space.