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139 Point Lane
St Simons Island, GA 31522
$3,400,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5624
Property Description
This custom-built home in the Sea Island neighborhood, Kings Point has generous sized rooms with tall ceilings - all filled with natural light. Kings Point is located adjacent to the Sea Island Lodge, across from the Retreat and convenient to restaurants, Frederica Academy and shopping. This 4 bedroom, 4 bathroom residence was masterfully constructed by Cliff Pease and stands as a testament to exquisite craftsmanship and thoughtful design. Situated on an expansive 1.14 acre lot, this home seamlessly blends indoor elegance with outdoor splendor. Upon entering, you are greeted by an open and airy layout, with 20 ft ceilings; where natural light pours in through large windows, enhancing the beauty of the surrounding landscape. The heart of the home, the newly remodeled kitchen, is a chef’s paradise. Completely gutted and renovated, this 800 sq ft space now serves as both a culinary haven and wonderful entertaining area for parties of all sizes. It features new custom cabinets, a spacious center island, and marble countertops, high-end appliances include a professional grade Wolf gas stove, two Bosch dishwashers, and microwave, complemented by a Subzero refrigerator. Additionally, new bar cabinets, countertops, drink fridge, and an icemaker have been installed, making this the perfect space for entertaining guests. The kitchen’s transformation includes reworking the walls to open up the area, creating a seamless flow to and from the surrounding living spaces. The living room, with its panoramic lake views, offers a perfect setting for relaxation or gatherings. A newly added hallway provides a smooth transition from the living room to the family room and guest powder room, enhancing the home’s functional layout. The family room, guest powder room, and all upstairs bedrooms feature newly installed wood floors, and the stairway/landing area have also been upgraded with elegant wood flooring, while the bedroom near the kitchen boasts new, plush carpeting for added comfort. The expansive primary bedroom suite is a sanctuary designed for relaxation and indulgence. This sophisticated retreat features two generous walk-in closets, each thoughtfully designed as dressing areas. The ensuite bathroom, adorned with elegant Swedish limestone throughout. The spacious shower offers a spa-like experience with its sleek, modern design. Adjacent to the shower, a deep soaking tub beckons for tranquil moments of relaxation. A second primary bedroom was designed on the other end of the house, along with a sitting room, a study and a large recreation room with 360 degrees of views in the tower. Either the study or the recreation room could easily be converted into another bedroom. The home is equipped with four new air conditioning units, each with nine individually controlled zones, ensuring optimal comfort throughout the year. The roof has been recently replaced with GAF Timberline HDZ architectural shingles, complete with a new underlayment, ensuring durability and peace of mind. The laundry has been upgraded with new cabinetry, providing ample storage. The entire interior has been freshly repainted, including walls and moldings. The completely walled in backyard is an entertainer’s dream, featuring a 40 ft round salt water pool, a new firepit for cozy evenings under the stars and an in-ground trampoline for family fun. The parking area near the garage has been expanded to accommodate additional vehicles, making hosting gatherings a breeze. This Kings Point gem is more than just a home; it’s a lifestyle. With its breathtaking lake views, extensive modern upgrades, and thoughtful design elements, this property offers an unparalleled living experience. Don’t miss the opportunity to make this extraordinary residence your own and enjoy the best of south end living in Kings Point. Matterport tour: https://my.matterport.com/show/?m=Scbac7bJxFd
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2003
MLS Number
1646452
Location
Address
139 Point Lane
City
St Simons Island
State
GA
Zip Code
31522
County
GLYNN
Listing
Provider
Signature Properties Group Inc., original listing
Name
Signature Properties Group Inc.
Phone
(912) 634-9995
Office Name
Signature Properties Group Inc.
Office Phone
(912) 634-9995
Agent Name
Mary Jo Prater

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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.