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.
Single-familyProperty Type
1978Year Built
0.57 acresLot Size
$1,745Price/Sq.Ft.
$558/moHOA Dues
2 car garageParking
Listed by Nick Phillips Group• Landmark Sotheby's International Realty
Bought with Buzzy Northen• Intracoastal Realty Corporation
Est. $3,295 per month, based on comparable rentals
Sale and tax history for 138 Beach Rd S
Sale History
Tax History
Date
Event
Price
Hive MLS #100604838
Oct 16, 2026
Sold
$4,250,000
$1,745/sq ft
Oct 8, 2026
Pending
—
Sep 19, 2026
Listed
$4,395,000
$1,804/sq ft
Hive MLS #100537224
Apr 30, 2026
Listing Removed
—
Apr 6, 2026
Price Changed
$4,995,000
$2,050/sq ft
Mar 6, 2026
Price Changed
$5,295,000
$2,174/sq ft
Nov 14, 2025
Price Changed
$5,495,000
$2,256/sq ft
Oct 21, 2025
Listed
$5,795,000
$2,379/sq ft
Hive MLS #100489707
Aug 31, 2025
Listing Removed
—
Feb 19, 2025
Listed
$6,250,000
$2,566/sq ft
Hive MLS #100359318
Nov 19, 2023
Listing Removed
—
May 23, 2023
Price Changed
$4,000,000
$1,642/sq ft
Apr 26, 2023
Price Changed
$4,500,000
$1,847/sq ft
Nov 23, 2022
Listed
$4,995,000
$2,050/sq ft
Hive MLS #100254950
Apr 22, 2021
Sold
$3,250,000
$1,334/sq ft
Feb 2, 2021
Listed
$3,095,000
$1,271/sq ft
Hive MLS #30477282
Aug 13, 2013
Listing Removed
—
May 22, 2012
Listed
$1,495,000
$614/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$19,826 (+124.9%)
$4,942,600 + $276,000
$5,218,600
2025
$8,814 (−42.4%)
$4,942,600 + $276,000
$5,218,600
2024
$15,304
$4,942,600 + $276,000
$5,218,600
2023
$15,298 (−0.9%)
$2,613,500 + $301,300
$2,914,800
2022
$15,443 (−3.3%)
$2,613,500 + $301,300
$2,914,800
2021
$15,971 (+49.8%)
$2,613,500 + $301,300
$2,914,800
2020
$10,665
$2,613,500 + $301,300
$2,914,800
2019
$10,665
$1,515,900 + $170,200
$1,686,100
2018
$10,665 (−2.3%)
$1,515,900 + $170,200
$1,686,100
2017
$10,918 (+15.1%)
$1,515,900 + $170,200
$1,686,100
2016
$9,484 (+7.6%)
$1,515,900 + $170,200
$1,686,100
2015
$8,813 (+1.7%)
$1,122,900 + $245,700
$1,368,600
2014
$8,663
$1,122,900 + $245,700
$1,368,600
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
1
Lot width
100 ft.
Lot depth
155 ft.
Lot size
0.57 Acres
Year renovated
1988
Sq. Ft.
1,624
Year built
1978
Style
Single Family Residential
County
New Hanover County
APN
R05208-001-009-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 21, 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.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 2
Has Garage
Has Attached Garage
# of Garage Spaces: 2
Parking Features: Attached, Garage
Interior
Bathroom Information
# of Full Bathrooms: 3
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Electric, Forced Air
Interior Features
Interior Features: Ceiling Fan(s), Pantry
Furnished: Furnished
Appliances: Electric Oven, Electric Cooktop, Refrigerator, Dishwasher
Room Information
# of Rooms Total: 7
Exterior
Exterior Features
Patio And Porch Features: Deck, Wrap Around
Fencing: None
Roof: Shingle
Building Information
Entry Level: 1
Sq. Ft.: 2436.0
Levels: Two
# of Stories Total: 2
Construction Materials: Wood Siding, Frame
Foundation Details: Other, Slab, Pillar/Post/Pier
Property Features
On Waterfront
Has View
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence
Lot Information
Frontage Type: Oceanfront
Road Surface Type: Paved
Road Frontage Type: Private Road
Lot Size : 0.57
Lot Size Dimensions: 100' x 250'
Lot Size Area: 0.57
Lot Size Units: Acres
Lot Size Acres: 0.57
Zoning: R-20S
Financial
Tax Information
Tax Annual Amount: $19,752.41
Utilities
Utility Information
Utilities: Water Available
Sewer: Septic Tank
Location
HOA Information
Has Homeowners Association
Association Amenities: Clubhouse, Maintenance Grounds, Security, Tennis Court(s)
Association Fee: $6,690
Association Fee Frequency: Annually
Derived Association Fee (Monthly): $557.50
Schools Information
Elementary School: Porters Neck
Middle Or Junior School: Holly Shelter
High School District: New Hanover
High School: Laney
Location Information
Directions: 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.
Subdivision Name: Figure Eight Island
Community Information
Community Features: Pool
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,624
Stories: 1.0
Lot Size: 0.57 acres
Style: Single Family Residential
Year Built: 1978
Year Renovated: 1988
County: New Hanover County
APN: R05208-001-009-000
Home facts updated by county records on Oct 21, 2026
Other
Listing Information
List AOR: Cape Fear Realtors MLS, Inc.
Around this home
Schools
Porters Neck Elementary
Public K-5 • Assigned • 2.5mi
9/10
Holly Shelter Middle School
Public 6-8 • Assigned • 10.2mi
8/10
Emsley A Laney High
Public 9-12 • Assigned • 7.2mi
4/10
Provided by GreatSchools
Climate risks
6/10 Flood Factor
Estimated 67-75% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 103° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Wilmington, NC • 28411
Average low and high temperatures (°F)
53
33
58
38
71
49
77
56
80
64
89
72
90
76
86
71
81
66
72
55
69
48
58
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 7% for direct sun exposure in Wilmington. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$3.81M – $4.61M
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