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1111 Ocean Forest Lane
Johns Island, SC 29455
Stuart Rumph with Seabrook Island Real Estate, original listing - (843) 768-2560
$1,285,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Nestled amidst the natural beauty of exclusive Ocean Pointe, 1111 Ocean Forest is a 1.27-acre homesite that offers an opportunity to create a custom residence that reflects your vision of luxury and elegance with the potential for ocean and marsh views. The corner homesite is ideal for nature enthusiasts, as you have two nature trails steps away. One trail is a 1/2 mile boardwalk through wax myrtle covered dunes and along the marsh, connecting to a beach access boardwalk. The other crosses old dunes towards a lookout point with a panoramic view of the marsh and Cap'n Sams Creek. The property owner's pool and North Beach access boardwalk are only a short walk away. Tree and Topo Survey available. Residents of Seabrook Island enjoy living in a serene, natural, private ocean-sidecommunity with ultimate security, world-class amenities and a life of social and sporting abundance. Amenities include two championship golf courses- Willard Byrd designed Ocean Winds and Robert Trent Jones, Sr. designed Crooked Oaks-, a tournament grade tennis center, pickle ball courts, full-service equestrian center, fitness and aquatics complex, long unspoiled beaches, a seasonal variety of indoor and outdoor dining venues for lunch, dinner and your own private events of any size. Also located on the island proper are Freshfields Village and Bohicket Marina. Located between Seabrook Island and Kiawah Island, Freshfields Village is an impressive spot for shopping, fine and casual dining, convenient services and family-friendly outdoor events. Bohicket Marina is a full-service marina with 200 wet slips, 114 dry storage slips, a quaint market and wonderful restaurants and shops. Contribution to capital within P.U.D. upon the initial sale and resale is 1/2 of 1% of the sale price. Buyer responsible for a $250 transfer fee at closing. Purchase also requires membership to the Seabrook Island Club.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
1111 Ocean Forest Lane
City
Johns Island
State
SC
Zip Code
29455
County
CHARLESTON
Listing
Name
Phone
(843) 768-2560
Office Name
Office Phone
(843) 768-2560
Agent Name
Stuart Rumph
Agency Phone
(843) 768-2560

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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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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.