Mid-island haven and exquisite charm on St. Simons Island
adjust possible shares to see calculations for more or less people
$2,695,000
target home price
$336,875
cost per share
$2,983 / mo
monthly cost
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$67,375
|
|
Closing Cost
$20,213
|
|
Reserve Fund Deposit
$10,106
|
|
Total Cash at Closing
$97,693
|
Details
5 bedrooms
| 5 bath
| 4,400
sqft
Nestled in a tranquil, gated mid-island haven, discover a breathtaking newer home where graceful charm and unparalleled craftsmanship unite. As you arrive, the grand entrance gate and lush landscaping create a sense of exclusivity and privacy. Stepping inside, you'll be immediately captivated by the home's exquisite charm and exceptional quality of construction. With clean lines, soaring high ceilings, and awe-inspiring views of the surrounding beauty that could grace the pages of a magazine, this home embodies tasteful elegance at every turn. The spacious floor plan spans over 4400 sq ft of luxurious comfort, with abundant natural light flooding through oversized windows and sliding glass doors. The home features 5 generously sized bedrooms, each with a private ensuite bathroom, providing ample space and privacy. The gourmet kitchen is a chef's dream, with high-end appliances, custom cabinetry, and a large center island perfect for hosting gatherings. The home also includes a wet bar, an elevator, and a 5-car garage with plenty of storage space. Outdoors, the home truly shines with its fabulous amenities. You'll love spending time in the sparkling pool/spa and the inviting outdoor spaces upstairs and downstairs. Entertaining guests will be a breeze with the community dock and private shared dock, complete with electricity and water, perfect for boating enthusiasts. Take advantage of the chance to own this exceptional property and experience the luxurious island lifestyle at its finest. Schedule your viewing today, and be prepared to fall in love!
House Usage
- 8 shares total
- 6 weeks a year per share
Amenities
- Dock
- Hot tub
- Pool
- Porch
- Waterfront
About the Agent
Georgia Usry
DeLoach Sotheby's International Realty
Georgia Usry
DeLoach Sotheby's International Realty
Georgia offers a powerful combination of high-level customer service and impressive negotiating skills to ensure every client finds a home as unique as they are. A graduate of the University of Georgia School of Public and International Affairs, Georgia spent twenty years in investment banking with Merrill Lynch and First Union Capital Markets. She began her career in real estate after moving to Baltimore, MD. She came to the Golden Isles from Baltimore as a top producer with Monument Sotheby’s International Realty. Georgia has dedicated herself to a variety of philanthropic endeavors and loves community involvement. She previously served on the UGA Parents Council. Locally she is a member of the Live Oak Society of the St. Simons Land Trust, the Coastal Georgia Historical Society, 100 Women Who Care, and supports the Golden Isles Youth Orchestra. She is also an active member of the GCA Greenspring Valley Garden Club. Georgia is also involved with the non-profit organization, Honor Flight. Born and reared in Augusta, GA, Georgia has been a visitor to St. Simons and Sea Island all her life. She along with her daughter Carolyn, a recent graduate of UGA, love making the Golden Isles their new home.
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$67,375
|
|
Closing Cost
$20,213
|
|
Reserve Fund Deposit
$10,106
|
|
Total Cash at Closing
$97,693
|
This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.
Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,978
|
|
Insurance/Taxes
$365
|
|
Repairs
$281
|
|
Maintenance
$281
|
|
Utilities
$51
|
|
Cleaning
$28
|
|
Total Expenses
$2,983
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$3,369
|
|
Total Monthly Income
$3,369
|
A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.
We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.