Sea Island Cottage Report - May 2022

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Real Estate

The Sea Island Beach Club

 

 

SEA ISLAND cottage news. Cottage sales, regardless of where you are on the drive, have set all-time high sales prices. Recent May sales have included:

 

Cottage 525, located on 19th Street, marshside, 3rd house on the left.   Built in 2001 and lovingly updated, this 6 BR/6 BA, 6,238 SF, garden view Cottage with a pool, sold for $4,575,000 or $733/SF.  The asking price was $4,625,000. It was on the market for 80 days.  Listing information provided by Sea Island Real Estate. 



Cottage 382, located on 45th Street, on the marsh. Renovated in 2001, this 5 BR/5.5 BA, 5,019 SF, Marshfront Cottage with a pool, sold for $5,000,000 or $996/SF.  The asking price was $5,350,000. It was on the market for 330 days.  Listing information provided by Sea Island Real Estate. 

Sea Island Market Intelligence 

The month of May started early with two Sea Island cottage closings. However, the last 12 months saw just 35 Sea Island Cottages sell.  This is nearly 1/3 of the Cottages that sold in 2020, a significant drop in sales on Sea Island.  

 

PLEASE PARDON OUR CONSTRUCTION. THIS REPORT IS IN PROGRESS AND WILL BE COMPLETED SHORTLY.