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414 Hawkins Island Drive
St Simons Island, GA 31522
$5,750,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
6600
Property Description
Stellar views of the Frederica River and the Marshes of Glynn greet you throughout this elegant, coastal architectural gem. Designed by the award winning architectural firm, Harrison Design, the coastal architecture captures inspiring views in the light filled rooms. Located on a 2.45 acre estate lot(the owners assembled two lots), the lovely, furnished home is sited on the peninsula portion ensuring optimal privacy and unobstructed vistas. Exquisite details continue in the interiors with stone, hardwood and marble floors and intricate millwork including deep crown moldings, wainscoting, and custom cabinetry. There is beautiful ceiling interest with typically 11-12 ft. ceilings with some being vaulted, beamed or having tongue and groove finish. A private drive leads to an auto court with an intricate design and nearby 3 car garage. Coral stone front steps escort you to an entry stair hall, and eyes are immediately drawn to the view of the elegant terrace and pool courtyard with golden marshes and the sparkling river in the distance. Flow into the combined living/dining area, with its intricate custom millwork, which empties to the outside terrace through French doors. A climatized 1000 bottle wine room is conveniently located adjacent to the dining area. The gourmet kitchen has a vaulted, tongue and groove ceiling and top of the line appliances including a Thermador six burner range with griddle and Double Thermador professional ovens, Subzero refrigerator and Bosch DW. Its custom island has a charming banquette and bar seating. An adjacent family room is the perfect spot for family entertainment or to just relax. A private study/library is made especially cozy with a fireplace, pine clad walls and plenty of shelf space with library lighting to house your favorite books. Magnificent primary suite has hardwood floors, beautiful moldings and incorporates its own sitting area plus a screened porch which allows you to enjoy the sounds and fragrances of nearby nature. The marble filled master bath encourages luxuriating and relaxing. The heated, marble floor has a classic basket weave pattern. There is a breakfast bar with mini fridge near the master closet which has tremendous hanging space, a built in packing chest with drawers, a storage bench and shoe shelves. Upstairs are three additional suites with their own baths and a charming sitting area. The sitting area and one suite have access to the front balcony. The two other suites empty on to an upstairs screened porch with sitting/dining areas and a swing to enjoy the breezes and views. A guest suite is separated from the main house by a delightful screened porch which is convenient to the nearby pool and terrace. This screened porch has a summer kitchen that includes a built-in grill, cooktop, icemaker, dishwasher and refrigerator. The guest suite enjoys excellent views, double closets and a Jack/Jill bath also used for the nearby pool. There is a multi-purpose bonus room over the garage with half bath. A top of the line, whole house generator ensures no power outages. The terrace and pool court incorporate coral stone and feature a heated, saline pool, a cabana, hot tub and fire pit. The home is within Hawkins Island, a Sea Island developed community accessible by a lovely bridge beyond a full time guarded gate entrance. Walking and bike paths wind through azalea lined green space on Hawkins Island which is just minutes away from shopping, dining and the world class amenities of Sea Island. Being sold furnished, this home is easy to tour.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
1645624
Location
Address
414 Hawkins Island Drive
City
St Simons Island
State
GA
Zip Code
31522
County
GLYNN
Listing
Provider
DeLoach Sotheby's International Realty, original listing
Name
DeLoach Sotheby's International Realty
Phone
(912) 638-0406
Office Name
DeLoach Sotheby's International Realty
Office Phone
(912) 638-0406
Agent Name
Ann Harrell

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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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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.