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Jason Walters

jason@waltersteam.com +1(252) 360-1130

$ 625,000

Est. payment | -/mo

3 Beds

3 Baths

2,300 SqFt

Save

$ 625,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,300 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,300 sqft

Price per Sqft $271

Subdivision Glynn Haven Estates

MLS Listing ID SA368018

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1990

Lot Size 4,792 Sqft

Acres 0.11

Property Sub-Type Single Family Residence

Source SAV

Property Description

Island Living, Income Potential & NO HOA! Why choose between owning a piece of St. Simons Island and making a smart investment when you can have both? Welcome to 501 Atlantic Drive, a well-maintained coastal property offering flexibility, established rental history, and the opportunity to make island living work for you! Featuring two separate living spaces, the upstairs offers a 2-bedroom, 2-bath residence with a successful history of mid-term, executive, and corporate rentals, while the downstairs 1-bedroom, 1-bath residence boasts a strong history of long-term rental use. Whether you're an investor seeking multiple income streams, a buyer looking to live in one space while offsetting ownership costs with rental income, or someone searching for a coastal retreat with added flexibility, the possibilities are exciting! Situated on a generous lot, this property features an inviting porch, a two-car garage, an existing elevator (functionality unverified), and an HVAC system replaced within the last few years. Best of all, NO HOA! With its versatile layout, established rental history, and desirable St. Simons Island location, 501 Atlantic Drive offers more than just a place to call home. It's an opportunity to enjoy the coastal lifestyle while putting your property to work for you! Listing agent is a principal in this transaction.

Location

State GA

County Glynn

Community Glynn Haven Estates

Direction From I-95 S, take exit 38 for Golden Isles Pky, merge right onto US-17 S, and then turn left F J Torras Causeway. Continue onto Kings Way and turn left onto Sea Island Rd. Turn onto Frederica Dr, left on Palmetto St - the home is located on your left at the corner of 5th Ave and Atlantic Dr.

Interior

Interior Features Built-in Features, Ceiling Fan(s), Double Vanity, Kitchen Island

Heating Central, Electric

Cooling Central Air, Electric

Furnishings Furnished

Appliance Some Gas Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Range Hood, Dryer, Refrigerator, Washer

Laundry In Kitchen

Exterior

Parking Features Attached

Garage Spaces 2.0

Utilities Available Underground Utilities

Porch Porch

Garage Yes

Building

Water Public

Level or Stories 2

Others

Tax ID 04-05193

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors

Listed by Corcoran Austin Hill Realty

NEARBY SCHOOLS & PROPERTIES

+1(252) 360-1130

jason@waltersteam.com

526 E Nash Street, Hope, NC 27882, United States

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501 Atlantic DR St Simons Island, GA 31522