Fractional Home Sale St Simons Island Ga main
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St. Simons Island Vacation Home - Golden Isles Paradise!

5 available shares

$2,000,000

target home price

$333,333

cost per share

$2,979 / mo

estimated costs

$3,333 / mo

monthly income

CASH AT CLOSING PER SHARE
Down Payment
$66,667
Closing Cost
$20,000
Reserve Fund Deposit
$10,000
Total Cash at Closing
$96,667
Co-own this home
Details
4 bedrooms

Join our exclusive co-ownership group and make your dream of owning a vacation home in the Golden Isles a reality! Picture waking up to breathtaking sunrises over pristine beaches. Experience the serenity of coastal living as you stroll along powdery sands, collecting seashells and listening to the soothing melody of the waves. Our vision is to create a luxurious vacation home somewhere in St. Simons Island, Sea Island, Jekyll Island, or Little St. Simons Island where we can indulge in the finest comforts and amenities.

As a co-owner, you'll have a treasured key to your personal haven. Our stunning retreat will seamlessly blend exquisite architecture with the natural beauty of the Golden Isles. Sip your morning coffee on the veranda, host unforgettable gatherings in our spacious living areas, and unwind by the infinity pool, where the shimmering waters merge with the sky.

Join a close-knit community of like-minded souls who share your passion for life's greatest pleasures. Together, we'll create cherished memories and celebrate milestones. Our journey is about more than just owning a vacation home; it's a quest to unlock the magic of the Golden Isles. Immerse yourself in outdoor adventures such as deep-sea fishing, kayaking, and exploring the captivating ecosystems of nearby barrier islands. Dive into the rich tapestry of history, culture, and culinary delights that make the Golden Isles unique.

With a shared investment of only $333,000 per owner and 8 weeks of personal usage per year, you can afford to make your dream a tangible reality. Embrace the freedom of co-ownership, where financial responsibilities are shared without compromising our vision's quality.

Don't miss out on this opportunity! Contact us today to become an integral part of our extraordinary adventure. Craft a legacy that will echo through the sands of time in the Golden Isles. Welcome to a place where dreams come true!

I'm interested
House Usage
  • 6 shares total
  • 8 weeks a year per share
About the Organizer

Plum CoOwnership along with Georgia Usry, our PlumCertified Agent in the Golden Isles, is currently serving as the Organizer for this group.

Amenities
We are looking for a house that includes:
  • Dock
  • Fire place
  • Game room
  • Hot tub
  • Pool
  • Porch
  • Waterfront
House Rules
  • Pets allowed
  • No firearms allowed
  • No short term renting
Answered Questions
Ask a question
Home Inspiration
6 Co-owners 1 of 6
$308,333 per share
6 Co-owners 1 of 6
$316,666 per share
6 Co-owners 1 of 6
$316,500 per share

Calculated Costs per Share

St. Simons Island Vacation Home - Golden Isles Paradise!
St. Simons Island, GA
CASH AT CLOSING PER SHARE
Down Payment
$66,667
Closing Cost
$20,000
Reserve Fund Deposit
$10,000
Total Cash at Closing
$96,667

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
$1,957
Insurance/Taxes
$361
Repairs
$278
Maintenance
$278
Utilities
$68
Cleaning
$38
Total Expenses
$2,979
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
ESTIMATED MONTHLY INCOME PER SHARE
Monthly Income
$3,333
Total Monthly Income
$3,333

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.

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