















adjust possible shares to see calculations for more or less people
$2,349,000
home price
$234,900
cost per share
$2,088 / mo
monthly cost
Active
status
CASH AT CLOSING PER SHARE
|
Down Payment
$46,980
|
Closing Cost
$14,094
|
Reserve Fund Deposit
$7,047
|
Total Cash at Closing
$68,121
|
Details
5 bedrooms
| 4 bath
| 2,512
sqft


This completely renovated, pristine five-bedroom, four-bath oceanview retreat boasts all the bells and whistles, including Restoration Hardware fixtures, Pottery Barn furniture and bedding, Kingsdown mattresses, Thermador appliances and a new RHEEM Heat Pump and Air Handler. From the partially covered rocking chair front porch, you step onto the welcoming foyer's warm hardwoods and into this tasteful, light-filled open floorplan. The decorator-inspired living space, flanked by sunny windows, opens to a bright screened porch that's perfect for morning coffee accompanied by wave serenades. Back inside, the huge multi-chef kitchen, bathed in sunshine, begs for entertaining opportunities and features yards of granite counters, loads of storage, stainless appliances-including a wine cooler and two ovens-and an oversize island that seats seven as a breakfast bar while leaving lots of room for prep. The dining area exudes elegance with its Steven Shell table, slipcovered chairs, and striking chandelier. Enjoy nibbles here or alfresco-just out on the arbored dining porch. Down the hall, a cheery Queen bedroom uses the full hall bath outside its door. Across, a sunlit King suite pampers with its own ensuite. Laundry and storage are also nearby. Upstairs, there's a with ocean perspectives that utilizes the hall bath and the Owner Suite with two Queens and a wall of built-in storage as well as Atlantic panoramas from inside and out on its private balcony. Its indulgent ensuite-like all the home's baths-has been redone with Brondell bidets, granite vanities, Frontgate towels/rugs and large glass/tile showers. The crofter is currently furnished as an office and Peloton exercise space but also provides a pullout couch to accommodate additional guests. Only minutes to the beach, clubs, shops, and restaurants. Conveys with 2 carts. This island haven also offers an equity Lifestyle BHIC membership and Shoals membership for additional purchase.
House Usage


- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
CASH AT CLOSING PER SHARE
|
Down Payment
$46,980
|
Closing Cost
$14,094
|
Reserve Fund Deposit
$7,047
|
Total Cash at Closing
$68,121
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
Mortgage Payment
$1,379
|
Insurance/Taxes
$254
|
Repairs
$196
|
Maintenance
$196
|
Utilities
$41
|
Cleaning
$23
|
Total Expenses
$2,088
|
ESTIMATED MONTHLY INCOME PER SHARE
|
Monthly Income
$2,349
|
Total Monthly Income
$2,349
|
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.
- List Company
- Wendy Wilmot Properties
- Last updated at
- February 5th, 2024
- List Agent
- Listings Access

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