Today is Wednesday July 22nd, 2020 and we have the South real estate tour for homes for sale on Hilton Head Island. It’s a very small one which is somewhat expected. It’s smaller than your typical July but again, our inventories are extremely low. I have mentioned this before but typically in the last decade our inventories for residences in Sea Pines – and this is my perspective – is 125 to 140, in that range. As of this morning we have 83 residences. So, as you can see, it’s quite a drop in supply and if you remember Economics 101, when supply is down, and demand is the same or unchanged then prices go up. So, that is where we are with that.
First we have 4 Long Marsh Lane, a six-bedroom six and a half bath listed at $1,549,000. The price is correct for a six bedroom but when you go from four to five or four to six, it doesn’t really make that much of a difference. This home has a few condition problems but nothing that can’t easily be fixed. It’s just that I’m speaking only of the impression as you arrive to this stately fabulous neighborhood cul-de-sac with marsh views. These marsh views are phenomenal. The home has an interesting floor plan. They have art that distracts from everything. The kitchen and the bath need a little updating but again, it’s a spectacular home and it’s in a great, quiet location and is priced appropriately. It does need a little bit of fixing up. So, it might be a tad too high but again, with the inventories where they are, it’s probably best just to leave it. It has only been on the market for a couple of days.
In Oyster Landing Club we have 17 Oyster Landing Lane. It's a three-bedroom three bath home for $825,000. It is a lovely townhouse. It does not have an elevator, but it has a deck outside that overlooks the marsh. You don’t have the deep-water view that you do on Long Marsh Lane but it’s in a nice little community. Everything that is in there that has gone has been either on the golf view side or the really high-end side. So, things have been going from $635,000 for golf view to $1.5 million for the deep water. So, this one is kind of in between. It does need some tweaking but it’s very workable for sure. It is a nice place. It just needs a little bit of tweaking.
52 North Calibogue Cay Road is a four-bedroom five bath for $1,895,000. This is not on the deep-water side. It’s on the – what we call – creek side which is very private and great, especially if you’re not a boater and you’re not concerned about the rising tides for going out on your boat. A low country style home and has a lot of charm inside. You can see it has been a family home for quite some time. The kitchen has been updated. There is some shelving in the master that has been updated and that has primarily been due to two floods. I believe they were flooded in Matthew and Irma and I looked to make sure it was on the property disclosure and that is the case. So, just be aware if you’re going to renovate and not put too much on it. You might be better off tearing it down and building a new home, but it certainly has charm; you can’t argue with that.
Then more central in Sea Pines we have 22 Twin Pines Road, a four-bedroom five bath listed at $1,195,000. This home has been meticulously maintained. Yes, it is dated but it has great bones, a very nice view, and I know I have said this ad nauseum for some of you who might have read my blogs before but, you know, the older homes had the better lot choices. They looked to make sure the sun was just right, and the tree canopy was important. So, a lot of times you will have older homes, but I think it wouldn’t take a lot to make this home fabulous. I like the flow of this home. Don’t let the pictures deter you from its potential. The curb appeal is somewhat dated compared to what people are doing now but I think it has great potential and it’s on a wonderful street. In fact, the newer house across the street, I think, went under contract for $1.9 million. So again, this is in the money for the neighborhood.
Lastly in Schooner Court unit 743, a four-bedroom four and a half bath listed for $675,000. That has been the price for a while. It has been on the market for about four months and they changed agents so, it came back on. It needs updating. I remember it. I didn’t go see it because I remember it. Again, it is hard to understand why it is still on the market. Nevertheless, remember that the supply is quite tight.
In Palmetto Bay outside of the gates we have 19 Palmetto Bay Villa. It’s a three-bedroom one and a half bath for $224,900.
It is hard because these four houses that I mentioned are all my favorite areas. So, I would have a hard time picking a favorite right now, to be frank. Depending on where you are in your life and what you’re wanting to achieve, they all have their strengths.
I guess I would pick 22 Twin Pines Road. I think it is probably the easiest renovation. You are still very central to the Resort of Sea Pines. You can easily bike and do the fun Sea Pines things you want to do are very centrally located where in Long Marsh Lane you are in the Club Course area and you are around more residents etc. and if you like to bike, you’re a little further off on that and it didn’t have a dock. So, if you do want a dock, you’d have to go to Calibogue Cay. I know I went around in circles when picking my favorite but it’s hard to do when there are four really great listings out there.
Remember we have agents that are here to assist you. So, whatever it is we can do for you, please do not hesitate to call. No question is too trite or too insignificant. We’d love to hear from you and help you along your path to real estate ownership on our beautiful island.