Historic Saint Helena Island in Beaufort County SC

DEEPWATER PROPERTY FOR SALE

A ONCE IN A LIFETIME OPPORTUNITY TO OWN A VERY SPECIAL DEEPWATER PROPERTY ON SAINT HELENA ISLAND IN BEAUFORT COUNTY SOUTH CAROLINA!!!

For people who have been looking and doing their research, this property will prove to be an extraordinary opportunity.  In this market a comparable improved lot with mature landscaping, driveway, utilities, septic, well and dock is worth at least $550,000 in this market.  In April the lot next door (not cleared, no landscaping, no improvements, no dock, etc.) sold for $300,000 - this is well below market from 5 years ago.  Now consider this property!  The landscaping and improvements to the lot (septic, well, public water, electric, driveway, dock and pierhead) are easily worth over a $150,000.  Then add the house which is a nice brick house that needs renovation - has to be worth over $50,000!  But, take a look and you decide what the property is worth.

PRICED TO SELL FAST AT $499,000

Are you in search of a house or lot on deepwater at a competitive price?  At least 90% of the value is in the homesite.  The house is a "fixer-upper" and will require a substantial investment.   This same property bank appraised for $750,000 in 2006.

The property is a large one acre site with mature landscaping.  Incredible view looking west from high bluff lot.  Deepwater right off the end of the dock. 

The house needs a total renovation and is being sold "as is."  A fast and clean closing within 30 days is preferred.  Buy this property and make it your dream home!

The house:

	Approximately 2700 square feet plus attached two car garage
	Frame construction with brick veneer on slab - built in 1967
	Additions added to the waterside, one is brick veneered and the other lap siding.
	County homestead tax is $1585 and homeowners insurance is about $3,000.  Owner does not warrant future tax nor insurance amounts for any new owner.

The homesite:

	Exceptional landscaped property with mature oaks, magnolias and white pine trees plus large camellias, azaleas and other specimen and natural plantings.
	Vast western exposure over water and marsh - an absolutely magnificent view!!
	Property is high and dry - elevation is at least 20' above mean sea level.
	River bank has incurred bank erosion from the tidal currents and will need to be ameliorated.  The walkway to the pier head has been knocked out and will need to be replaced to gain access to the pier head and dock.  A 40' aluminum walkway installed - less than $10,000.

The property is located in Dulamo Bluff on St Helena Island.  Dulamo Bluff is an established private community sitting on some of the highest land in the Lowcountry and with convenient community deepwater access.  This is not a plantation or gated community.  The lifestyle here is laid back and appeals to a wide variety of people - families, retirees, working professionals or tradesmen, and young and old. 

	Small and Friendly Waterfront Community of about 50 homeowners
	Boat Dock and Ramp 2 minutes away
	Large Wooded Homesites (most are about 1 acre)
	Home Values range from $250,000 to $1,500,000
	Vacant Lots (when available) from $75,000 to $500,000
	A few minutes by boat to the Intracoastal Waterway, Morgan River, Coosaw River and the Atlantic Ocean.  Savannah is several hours to the south and Charleston is several hours north.
	15 to 20 minutes by car to Downtown Beaufort, Hunting Island and the beaches.  Charleston is 100 minutes away and Savannah is about 80 minutes.

This is an exceptional opportunity to gain convenient deepwater access at a very affordable price!!  There is no golf course, no tennis courts, no clubhouse  - don't pay for amenities you don't need or want!  Homeowner annual dues for 2009 were only $60.   

There simply is NO comparable or more affordable deepwater community anywhere in the Lowcountry!!!!  And, I think you will discover there is no equal or better deepwater property with so much potential at a better price. 

Please contact the exclusive agent for this property - Louis Guthrie Real Estate Co.

Louis Guthrie, Realtor

Email Me

843-522-8019 or 843-812-0365 (Cell)

Location Map