New Listing Could Set Record in New Hanover County

Key Takeaways:

• A new listing at 102 Beach Rd S on Figure 8 Island could set a New Hanover County record if it sells for $13.9 million.
• The current record is $13 million, set in August 2023 by a property on the same island.
• The luxury market in southeastern North Carolina is thriving, with multiple high-value listings in recent weeks.

A newly listed home on Figure 8 Island in New Hanover County could set a new record if it sells for its asking price. The 4 bedroom 6.5 bath is located at 102 Beach Rd S, hit the market yesterday with a listing price of $13.9 million. Should it sell at this price, it would surpass the current county record of $13 million, set in August 2023 by a home at 10 Inlet Hook Road, also on Figure 8 Island.

The previous record was $10.7 million for a house on Bald Eagle Lane, sold earlier in 2023. This rapid escalation in property values underscores the growth and demand in the southeastern North Carolina market, particularly within the luxury segment.

Rising Market Trends

The listing of 102 Beach Rd S is a testament to the booming luxury real estate market in the region. Not only are eight-figure records being challenged, but there has also been a notable increase in high-value listings. In the past two weeks alone, six homes priced at $3 million or more have been listed, highlighting the area’s appeal to affluent buyers.

Market Implications

Real estate experts point to several factors driving this surge in high-end listings and sales. The scenic beauty, exclusivity, and privacy of Figure 8 Island make it a coveted location for luxury homebuyers. Additionally, the broader market in southeastern North Carolina is experiencing robust growth, attracting significant investment and interest from both local and out-of-state buyers.

The potential sale of 102 Beach Rd S at its list price would not only set a new record but also further solidify southeastern North Carolina’s reputation as a premier destination for luxury living.