Rare four-unit villa building, nestled on a serene island accessible only by boat
SERVING THE COASTAL LOWCOUNTRY FOR OVER 30 YEARS
MICHAEL MARK, COMMERCIAL REALTOR & THE SUSAN TAYLOR TEAM
CHARTER ONE REALT Y com mercia l
4 8 8 2006
SALE
ASKING $1,200,000
Welcome to this extraordinary and rare four-unit villa building, nestled on a tranquil island accessible only by boat, offering stunning views of the ocean and marshlands. Each meticulously designed unit features a fully furnished, two spacious bedrooms, each with its own en-suite bath and private entrance, ensuring unparalleled privacy and comfort for residents or guests. The expansive open-concept living areas and generous screened porches perfectly capture the coastal charm and serene ambiance of the island. With its exceptional location, this property offers a unique opportunity for those seeking a peaceful retreat or a lucrative investment in a truly one-of-a-kind setting. Unlike typical offerings where units are sold individually, this opportunity allows an investor to control the entire building.
Based on the financials provided, and the current investment requirements, we anticipate this property should trade between $900,000 and $950,000 to offer a buyer a 4% to 4.5% return (Cap Rate), before factoring in depreciation benefits.
Real estate investments offer additional tax advantages that go beyond the Cap Rate calculation. These tax benefits are typically highlighted as part of the commercial marketing and play a key role in discussions with potential buyers. Depreciation, along with its recapture at a lower tax rate and the long-term capital gains tax benefits, are significant factors that make real estate an attractive alternative to stocks and bonds for investors.
This property also offers an emotional appeal, as owners will have the opportunity to use it when it's not rented. While most commercial investors focus strictly on return and asset performance, this property stands out by providing the added benefit of personal use, which is a strong selling point compared to assets like medical office buildings that are purely cash flow-driven.
These are the figures I plan to use when marketing to commercial investors. However, I defer to Susan, given her extensive local knowledge and expertise. My primary role will be to market this property within the commercial sector, where no residential realtor typically has access. While different types of real estate sales usually remain distinct, this property bridges the gap and warrants exposure in both residential and commercial markets.
Michael Mark grew up in a household that was always buying and selling investment properties. “My father loved to buy and sell properties, we never knew what he was going to buy”. There were rental houses, commercial buildings or development land.
After graduating from the University of South Carolina in 1985 with a degree in finance Michael came back to Beaufort to help grow the family furniture business. Starting as an 11,000 square foot old warehouse in downtown Beaufort Michael and brother Larry Mark created a vision of a Furniture and Design complex. In 2000 they developed the Perimeter Walk complex with 60,000 square feet of home-related goods. Michael’s brother Larry has worked tirelessly to insure it is still thriving today.
In 2003 Michael became a licensed realtor primarily to be an informed investor but as his holdings grew, friends started using his market knowledge and real estate services to invest. This grew each year until in 2008 Michael left the family furniture business to become a full-time agent. “this was a time when sales were declining, and systems had to be perfected to survive”.
Since that time Michael has been servicing both commercial and residential clients. After becoming a CCIM in 2016 the primary focus has been Commercial Real Estate with multiple transactions including development land, historic renovation projects and income producing investment properties. Michael has been very open to helping clients better understand the market and opportunities.
If there is any downtime Michael is an avid inshore fisherman and is a State board member of the Coastal Conservation Association and helps with oyster bed restorations and offshore reef-building along with other top water projects in South Carolina.
Three-unit office complex in
Two parcels for sale, 38 and 53 Sundown Bend, which total 3.2 acres in the Town of Port Royal, SC.
Susan entered the real estate business directly out of college, making her a true lifer in this profession! She led a successful sales career in the Wilmington, Delaware area where she quickly became a lifetime member of the Million Dollar Club, back when a million dollars was a lot of money. As a career professional, Susan has served as the President of her local Association of Realtors and also served on many state and national committees and boards. She managed a top sales office for one of the country’s largest real estate firms where she was responsible for the training and coaching of a team of top-producing professionals. As a specialist in customer service and business development, she brings a depth of marketing experience to her practice.
Susan and her husband started the second chapter of their lives on Daufuskie Island, SC in 2006 where they instantly fell in love with the South Carolina Lowcountry, with the ultimate goal of making it their home. Now in the next chapter, Susan is with Charter One Realty as the leader of her real estate team where she brings her 30 plus years of real estate experience to Coastal Carolina.
Karen and her husband Nathan made the move to Daufuskie Island after relocating here from the Philadelphia area. What started out as a second home to reconnect with family and friends became so much more. The decision to relocate to the Low Country and make this their forever home was one of the easiest decisions to make. Karen has had a lengthy career in the retail sector fixing, creating and expanding brands through her many years in the C-suite own major retail organizations. Her ability to manage complex businesses has been aided by her strong organizational skills and focusing her teams on putting the customers and clients first and in turn lead her to great success in her career. As a member of the Susan Taylor Team, Karen energetic and passionate approach to her business and customers along with her strong marketing background will add an another dimension to her team.
The
The Susan Taylor Team successfully listed, marketed, & negotiated the sale of
The Susan Taylor Team successfully listed, marketed, & negotiated the sale of this home.
Includes GL estimated at $1,815/year, property at $4,000/year & flood estimated at $23,000/year
Based on $2,154 in 2023 per floor which is how the county has billed the HOA
Based on 2023/2024 to date average for
Based on 2023/2024 to date average for 101 Avenue of
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