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Houses on Figure Eight average above $2 million in property value. [39] In July 2024, "The Whale", a 6,700-square-foot oceanfront home on Figure Eight Island, sold for $13.9 million, becoming the highest home sale price in North Carolina. [40] The previous record was the August 2023 sale of a $13 million oceanfront home on Figure Eight Island. [41]
Dominion Power owns the lake and lands up to the "High Water Mark." Real estate, listed with an indicator, tells the buyer how many linear feet of property they would potentially own that abuts to the High Water Mark. This number used to be referred to as the "HWM" on real estate listings, and is now referred to as "DOM". [7]
It was incorporated as a town in 1959 [4] and is part of the Wilmington, NC Metropolitan Statistical Area. The population was 867 at the 2020 census. Located at the southern end of North Carolina's Atlantic coastline, along the Atlantic Intracoastal Waterway, Ocean Isle Beach has private homes, seasonal rentals, and tourist attractions.
A 1918 panorama of downtown Wilmington A 1918 panorama of Wilmington's waterfront. During World War II, Wilmington was the home of the North Carolina Shipbuilding Company. The shipyard was created as part of the U.S. government's Emergency Shipbuilding Program. Workers built 243 ships in Wilmington during the five years the company operated. [62]
Cape Fear is a coastal plain and Tidewater region of North Carolina centered about the city of Wilmington. [2] The region takes its name from the adjacent Cape Fear headland, as does the Cape Fear River which flows through the region and empties into the Atlantic Ocean near the cape.
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