Today is Wednesday, June 10th, 2020 and we excitedly have a South end tour again. I am so excited to have things slowly be back to normalcy. Our beach oriented market has not missed a beat since April and today we had a Sea Pines oceanfront go under contract at $8.,495,000 list and Palmetto Dunes one for $6,500,000. That market is hot hot hot right now. It was so good to meet and have a sales meeting today. I’m going to put the video on this blog showing our meeting. We had it outside at the Forest Preserve at Fish Island and it’s in the middle of 600 acres in Sea Pines. You feel like you’re in the middle of nowhere and yet, there is a beach right nearby. It’s just a fabulous piece of property.
Sea Pines
In the Club Course area we started with 70 Club Course Drive, a three-bedroom two and a half bath listed at $789,000. It has beautiful wood floors and a double fireplace. It has been meticulously maintained. I loved the cute little breakfast nook, the tiled garage, office/work out off the garage, the large laundry room a fabulous golf view and pool. From a location standpoint, it’s conveniently located to all Sea Pines amenities and close the entrance gate with green space to the left. It’s a beautiful home with a nice entry. The landscaping outside is gorgeous. So, it’s a very good home and all on one level!
50 Oyster Landing Lane is a two-bedroom two bath listed at $639,900. This is on the golf course side of Oyster Landing with a one car garage. As you walk in, there is a lovely little garden. It has very nice curb appeal also with old Savannah brick just like at 70 Club Course. It is a two-bedroom and both bedrooms are to the right as you walk in. Lots of natural light in the space. The kitchen is good and opens to family room on one side and living space to another with a breakfast sitting area in the middle. I love that in the living room area, they actually did a corner window that looks to the marsh on the other side of the street. That was a beautiful little addition that kept it from being a cookie cutter home and made it a special custom home. That’s what I love about Sea Pines, most homes in Sea Pines are custom homes. They are not spec or model homes for sales and this one is a great example of that. It does have off of the dining room a little library space near the living space again that was kind of different. You really can’t even make a third bedroom or anything out of it but it’s a very cute space. It’s a lovely home and it shows lovely and I think it is exactly what people are looking for if they want two bedrooms.
23 Pine Island Court, I have been in this one before. It has three bedrooms and three and a half baths and is listed for $1,195,000. I sold #25 next door in the mid-five’s and it was only 2BR but high end updates. This is really done to the nines. It is just that the surrounding real estate does not support such high number but for those that want turnkey lovely and don't care about surrounding estimates, this one is quite lovely. Someone really has to know and love this and know it is here. I love it. The woman just put way too much in it for the neighborhood, but it is gorgeous. It is all designer made and, for the right buyer – and not for value per se - who doesn’t really care about that, this is a beautiful, turnkey, high-end, decorated home and I believe it is furnished.
23 Governors Lane is a five-bedroom five and a half bath for $795,000. This one has been on the market before for months and has nice spaces. The biggest challenge, I believe, is that they added two bedrooms that are accessible down a long narrow hallway, which might be a good thing for teenage children or adult children. It has a nice view and it’s a very cozy home.
Centrally in Sea Pines we have 45 Lawton Road, a four-bedroom three bath priced at $625,000. The curb appeal on this one is not a favorite of mine during this tour. It does not have a garage and as I drove up, I saw a magnificent oak out there, but Spanish moss is hanging out over the roof and not maintained. Folks living with specimen oaks need to really trim and work on the limbs every 5 years to just maintain them more beautifully. It will help the roof from getting so dirty. When you go inside the home, it has nice spaces and beautiful tile floors. It has good space. It’s a little choppy but it is a nice space and a good listing.
Beach oriented, we have 1 Sandhill Crane Road, a four-bedroom four and a half bath listed at $1,499,000. This one is right on the corner. I love the circular driveway made of oyster shells and brick. The space inside is cool and it has an open kitchen. It has a back Carolina room/outside space. The pool is very tiny and tight, the same issue that we have at 3 Sandhill Crane but it has a very cool master bath and it’s just an old-school house that has been nicely updated.
In the South Beach area we have 7 Brown Pelican Road. It’s a seven-bedroom seven bath home priced at $4,625,000. Our oceanfront market has been really, really hot as you read earlier in my blog. I love this house. The views are unobstructed, just gorgeous. You can even see the Daufuskie Island and you are, of course, with a fabulous view the Atlantic. It’s an upside down home with a modern kitchen upstairs. I love the little putting green outside and it has a nice sized pool. You can walk to South Beach because that is a great location. Most of the bedrooms are downstairs. Flood insurance and electrical bills are the ones I would be thinking about but it’s in a great location.
7 Green Wing Teal Road is a four-bedroom four and a half bath listed for $1,800,000. This is third row off of South Beach Lane. It’s old-school. I didn’t care for how when you go from the kitchen to the dining room you’ve got very steep steps going down to the back door by the carport. It just didn’t feel good. The master is light, bright, and big. You really don’t have any views. The front of the house looks nice, but you always come in from the angle. So, that one didn’t really appeal to me at all but again, it’s on the rental market and inventories are low right now.
I will mention the two condos that are in Sea Pines. 2389 Lighthouse Tennis is a two-bedroom two bath for $324,900. It’s a decent price. Those are moving off inventory because of where they are located and price point.
In Stoney Creek Villa we have unit 285, a three-bedroom three bath listed for $469,000. That is kind of getting gup there, but there is not a lot in inventory with three bedrooms anymore. So, that ends what we have in Sea Pines.
Forest Beach
In Forest Beach we have 1D Beachwood Place, a two-bedroom two bath for $399,000. This is a prefab that has been refurbished. They have done the roof and all the stuff. These used to be really ugly and dated on the exterior. The Sea Pines Montessori School used to be in this tract of land and then it became condos. They have really done a nice job upgrading everything. I know everyone was assessed but that is all behind them. This is oceanfront. You have a peek-a-boo ocean view through the pool from the place next door. It is not facing the ocean. It does very well in rentals. Last I saw, it had done $45,000. It is small but again, it’s has very good rental potential. 1E I know is under contract for $329,000 but it needs to be completely updated. That one is an end unit so, take that into consideration also.
Seaside Villa #175 is a one-bedroom one bath for $215,000. Those are, again, five stories. There are lots of those always on the market.
102 Springwood Villa is a two-bedroom two and a half bath for $230,000. It’s one that is closest to where the time share ones are. It’s a decent price and in a good location. It also probably won’t last long knowing that the Coligny area also has declining inventories right now.
7101 Treetop Villas is a two-bedroom two bath for $268,886. I love how they come up with these numbers. I have to laugh. I don’t know if they just take the law of averages to come up with that price nevertheless, again, there is very low inventory and it’s priced okay.
Also in the area of Point Comfort and Palmetto Bay Marina we have four condos – actually, one is a townhouse so, it’s actually considered a residence.
18 Quartermaster Lane is a three-bedroom two and a half bath for $398,900. It is priced well and lots of locals live there. It’s off the beaten path and close to Cross Island.
Also, in Broad Creek Landing for condos we have 21B Compass Point. It’s a three-bedroom two bath listed at $289,900.
We also have 6A Shipwatch Point. It’s a three-bedroom two bath listed for $204,900. None of these have garages but some have a screened in porch. In Compass Point, a lot of those have nice water views. They are close to the water and kind of tucked away in the woods and they are good low country condos to have.
In Brighton Bay we have unit 104. It’s a two-bedroom two and a half bath for $263,000. For you guys that are looking online, you probably need to go to 30 Paddleboat Lane, that’s how it’s listed - #104.
Shipyard
Lastly in Shipyard we have one condo. Sailmaster Villa #2 is a two-bedroom two and a half bath for $393,000. Sailmaster and Shipmaster have a lot of people and a good combination of rentals and people that live in them. They are pushing the envelope with the high four numbers but nevertheless, inventories are low. Hopefully, there is some wiggle room in that price.
That concludes the homes and villas for the South end of Hilton Head. Inventories are low and I do want to say that a lot of people are surprised about how vibrant our market has been for May and June and even April while we all were quarantined and there were no rentals on Hilton Head. We had a very good market April and May and it is continuing in June.
I think the perception of being a healthy and safe area is a contributing factor. I think the idea that people can work from afar now is a proven fact through the quarantine and if you can be in a little condo in the city or living somewhere like Hilton Head, why not come down here? I know of a few clients whose children are staying in the homes because they have a lot more space and a lot more outside amenities.
The other thing we’re seeing is, there is a flip plan of people looking at second homes here on Hilton Head and now they are deciding to say, “No, we don’t want Hilton Head to be our second home. It’s now going to be our primary home and maybe we get something small in our area and make this our primary home.”
Of course, low interest rates continue to be a factor however, the lenders are telling us that it’s a lot stricter, especially for self-employed, and if you have been furloughed and haven’t made your primary home’s mortgage payments, don’t think you can buy a second home or an investment property. Lenders are tightening up. So, there are some hurdles out there.
That concludes our tour. The inventories are tightening but there are some great buys out there. So, this is a really good time to get ahead of the market because I have a feeling that there is not a lot coming on the market in the Fall. People don’t want to leave. So, get what’s out there while you can, but I may be wrong. You never know. It is a year of elections and that sometimes causes more shifts.
Remember that we are here to help you and represent you whether you want to buy or sell real estate in Hilton Head. Please contact us at YourHiltonHeadAgent. We would be delighted to help you navigate all the selections that are out there.
Thank you so much and God bless.
Respectfully Submitted,
Susan Ochsner
(843) 816-6388
YourHiltonHeadAgent.com