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492 Forest Road
Sea Island, GA 31561
$18,900,000
Conventional
Property
Bedroom
5
Bathroom
11
Property Type
Conventional
Square ft
10570
Property Description
Contemporary meets classic at 492 Forest Road. Classic for its Sea Island setting-in the exclusive gated enclave of Ocean Forest, with views of the championship Ocean Forest Golf Course, Hampton River, Little Saint Simons Island and the Atlantic Ocean beyond, all under gorgeous Georgia live oaks. Contemporary for its use of modern functionality and conveniences- wide open spaces, rooms that are truly indoor/outdoor, state-of-the-art electronics and hardware, and private spaces for work and play. This cottage takes full advantage of the stunning views from the ultra-modern Marvin windows and doors- many rooms become truly al fresco when the panel doors are fully opened. Just beyond the first level patio is the 6th tee of the Ocean Forest Golf Course, recently updated in spectacular fashion. Then your eyes move to the wide Hampton River and the white sands of Little Saint Simons Island beach, and beyond the expanse of the Atlantic. Very few homes can boast the views one gets from 492 Forest Road, and every room on the east side has a balcony or terrace to take it all in. The cottage is built like the Cloister; concrete block framing from footer to roof, with concrete over steel floors on every level, as solid as any structure on Sea Island. Old world stucco adorns the exterior, capped by Lexton Louisiana Slate roof, the finest available. Exquisite details begin the moment you enter the foyer. The floating stone staircase, handmade for this residence in Spain, draws you into the space in unique fashion. The great room has one of four fireplaces, all DaVinci, and a full wet bar station with wine closet as well. The indoor kitchen has all the top name appliance makers; Sub Zero, Meile, Blu Star and Bosch, while the outdoor kitchen is a full Alfresco Company setup for the covered patio. A full-size media room and two-level exercise room are on the second level, in addition to the primary bedroom and two more large bedrooms. On the third level is an enormous office, with panoramic views, and a “retreat” room with sauna and soaking tub. Throughout the cottage is the latest HVAC delivery system for whisper quiet operation, and every room is wired for sound. The fit and finish details are super high end too-every room gets its own custom cabinetry and moldings, and the closets are all oversized. Upstairs and downstairs laundry rooms add convenience for staff and guests. Outside, a huge infinity pool with sun/shade sitting area is off the patio, and for more privacy the hot tub is located on the north side of the cottage, just off the pool bath. The landscape blends nicely with the natural environment, focusing on native plants and shrubs and drawing your eye towards Mother Nature’s handiwork beyond the yard. Two of the best in their fields designed and implemented this masterpiece. John Shackelford, well known and respected architect with dozens of Sea Island cottages to his credit, has created some of the most visually stunning homes in the area, including 492 Forest Road. Jeff Anderson is well recognized for his attention to detail and his ability to execute intricate residential dwellings, and you can see his expertise in this cottage. The finished product is a unique and special Sea Island residence. ***Renderings are an approximation***
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
1645747
Location
Address
492 Forest Road
City
Sea Island
State
GA
Zip Code
31561
County
GLYNN
Listing
Provider
Sea Island Properties, original listing
Name
Sea Island Properties
Phone
(912) 638-5161
Office Name
Sea Island Properties
Office Phone
(912) 638-5161
Agent Name
R. Don Lewis, Jr.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.