Demographics driving Supply & Demand....
Where do Sea Island home owners come from?
Sea Island vacationers and home owners come from all over the United States and the world to enjoy the 5 Diamond amenities of the Cloister Hotel.
An analysis of Sea Island homeowners shows that nearly 25% (over 220) of all Sea Island homeowners live in Atlanta when they are not on Sea Island.
Families from towns throughout Georgia including: Macon (25), Augusta (11), Columbus (6), Gainesville (6), Rome (4), Sandersville (4), Thomasville (4), Dublin (3), Newnan (2), and Savannah (3) among others have homes on Sea Island.
Outside of Georgia, families come from NY (36), NC (34), TN (26), TX (24), IL (23), CT (22), VA (22), OH (20), FL (19) and over 28 other states and countries.
How many Cottages and Condos are on Sea Island?
There are approximately 560 Sea Island Cottages and 110 Ocean Forest Cottages and over 225 Townhomes, Villas and Suites on Sea-Island. Many of Sea Island’s fine homes were built in the last century and need significant renovation. In 2015/16, several were sold for tear down. This past year we have seen several recently renovated homes come on the market, a few of which sold for a premium. The aging housing stock on Sea Island will continue to be an issue for new Sea Island buyers.
What drives pricing on Sea Island homes?
Location, location, location. To better understand trends in value - we categorize each property by its View: Ocean, Marsh/Lake and Interior; and divide Sea Island into three areas based on proximity to the Beach Club: 4th-18th St; 19th -36th St and 37th - 56th Street. - In general, homes located closer to the ocean or marsh and closer to the Cloister and Beach club have higher values.
Who should we contact to learn more about Sea Island Real Estate?
Page Aiken's team leverages experience and resources to provide buyers the very best Sea Island market intelligence and acquisition strategy for identifying Sea Island values today. Utilizing the extensive marketing resources of Sotheby's International and its nearby offices in Atlanta, Ga and Sotheby's offices throughout the US, Europe, Middle East and Asia, the Aiken team provides the broadest exposure to potential buyers for every Sea Island home they represent.
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* All data pertains to single-family homes