Deep water dock and breathtaking sunsets in Sutherland Bluff
adjust possible shares to see calculations for more or less people
$3,200,000
target home price
$400,000
cost per share
$3,527 / mo
monthly cost
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CASH AT CLOSING PER SHARE
|
|
Down Payment
$80,000
|
|
Closing Cost
$24,000
|
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Reserve Fund Deposit
$12,000
|
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Total Cash at Closing
$116,000
|
Details
6 bedrooms
| 6 bath
| 5,317
sqft
Nestled on 5.82 acres of pristine waterfront property lined with majestic oak trees draped with Spanish moss, this stunning residence boasts a private deep water dock, ideal for water enthusiasts or just enjoying the breathtaking sunsets. The main house has 4 bedrooms, 4 full baths, 2 generous living areas, a formal dining room, large open eat-in kitchen, large front porch overlooking the grounds and a wraparound rear porch with summer kitchen and plenty of space to dine al fresco or just lounge enjoying the expansive marsh and river views. With high ceilings and large windows that offer unobstructed views of the lush marshes and picturesque river, this residence is undeniably captivating. There is also a quaint guest house with an open kitchen/living space, 2 spacious bedrooms and 2 full baths above a single garage and large workshop. Adjacent to the guesthouse lies a serene garden enclosed by a white picket fence, safeguarding your produce from the friendly deer that roam the grounds. The architectural details further enhance the enduring appeal of the property, with soaring custom-built windows, cathedral ceilings, and mesmerizing river views from nearly every room. The open-air covered parking area can easily transform to a venue for a grand dinner party or special events with family and friends. This property is indeed ideal for all generations and promises to delight anyone who enjoys privacy and the beauty of the Georgia coast.
The Sutherland Bluff neighborhood can be found along the stunning coastline of Georgia, nestled alongside the Sapelo River and adjacent to the scenic Sapelo Hammock Golf Club, situated halfway between Savannah and the Golden Isles. This neighborhood boasts an array of amenities, including a community dock that provides access to the Atlantic Intracoastal Waterway, the Atlantic Ocean, the deep waters of the Sapelo River, and the nearby barrier islands. In addition to this, the neighborhood features a pool, clubhouse, fitness center, and two regulation tennis/pickleball courts. From the array of community amenities to the option of becoming a golf or social member of the Sapelo Hammock Golf Club, there is an abundance of activities.
House Usage
- 8 shares total
- 6 weeks a year per share
Amenities
- Dock
- Fire place
- 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
$80,000
|
|
Closing Cost
$24,000
|
|
Reserve Fund Deposit
$12,000
|
|
Total Cash at Closing
$116,000
|
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.
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ESTIMATED MONTHLY EXPENSES PER SHARE
|
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Mortgage Payment
$2,348
|
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Insurance/Taxes
$433
|
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Repairs
$333
|
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Maintenance
$333
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Utilities
$51
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Cleaning
$28
|
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Total Expenses
$3,527
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$4,000
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Total Monthly Income
$4,000
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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.