NOT LISTED FOR SALE

520 Forest Rd Sea Island, GA 31561

Sea Island Neighborhood

Estimated Value: $5,660,701 - $7,099,000

0.71 Acre
$8,966,056 Price per Acre
30,928 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $5,500,000

Est. 16% increase in value since last sale

Current estimated payment $39,016/month

1,913 Days on Market

Highlights

  • Water Views
  • Docks
  • Private Membership Available
  • Oglethorpe Point Elementary School Rated A
  • Gated Community

About This Lot

As of June 2021

Beautiful private deep water lot on the Hampton River. Shared dock and also a private dock permit approved. Views of Little St. Simons Island, The Atlantic Ocean, coastal marsh, and the Hampton river. Access to the lots is thru the private gates of Ocean Forest on the north end of Sea Island. The last true deep water lots remaining on Sea Island. Approved building sites for one single family home, two single family homes or a River Cottage duplex.

Last Agent to Sell the Property

Patrick Dunn

Sea Island Properties License #295702 Listed on: 02/08/2016

Last Buyer's Agent

Brin Meredith

Sea Island Properties License #171868

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,997

Lot Details

  • 0.71 Acre Lot
  • Property fronts a freeway
  • Zoning described as Res Multi

HOA Fees

  • $1,530 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Oglethorpe Elementary School
  • Glynn Middle School
  • Glynn Academy High School

Utilities

  • Underground Utilities
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 05-00800 and 05-008

Community Details

Overview

  • Association fees include management, ground maintenance
  • Private Membership Available
  • Ocean Forest Property Owners Association
  • Ocean Forest Subdivision

Security

  • Gated Community

Recreation

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$20,997

Lot Details

0

HOA Fees

$1,530 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.71
  • Lot Size: 0,150,0,203
  • Road Frontage Type: Freeway
  • Subdivision Name: Ocean Forest
  • Directions: Sea Island drive to Ocean Forest to River Cottages
  • Carport Y N: No
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Flood Zone
  • View: Water
  • View: Yes
  • Waterfront Features: Other
  • Waterfront: No

Utilities

  • Security: Gated Community
  • Sewer: Community/Coop Sewer
  • Utilities: Phone Available, Underground Utilities

Condo/Co-op/Association

  • Amenities: Dock, Gated, Private Membership, Pets Allowed
  • Association Fee: 1530.0
  • Association Fee Frequency: Monthly
  • Association Name: Ocean Forest Property Owners Association
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Other

Schools

  • Elementary School: Oglethorpe
  • High School: Glynn Academy
  • Middle Or Junior School: Glynn Middle

Lot Info

  • Parcel #: 05-00800 and 05-008
  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 20997.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2016
Closed on
Jun 4, 2021
Sold by
Dunn Michael G
Bought by
Farish James Edward
Seller's Agent
Patrick Dunn
Sea Island Properties
Buyer's Agent
Brin Meredith
Sea Island Properties
List Price
$4,500,000
Sold Price
$5,500,000
Premium/Discount to List
$1,000,000
22.22%
Current Estimated Value
$6,365,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$865,900
Avg. Annual Appreciation
2.10%
Original Mortgage
$10,000,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2009
Sold by
Atlantic Coastal Properties Llc
Bought by
Sea Island Coastal Properties Llc

Purchase Details

Closed on
Oct 20, 2008
Sold by
Sea Island Coastal Propert
Bought by
Atlantic Coastal Properties Ll
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farish James Edward $5,500,000 --
Sea Island Coastal Properties Llc -- --
Atlantic Coastal Properties Ll $5,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Farish James Edward $10,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $5,500,000 +22.2% --
05/05/2021 05/05/21 Pending -- -- --
02/08/2016 02/08/16 For Sale $4,500,000 -- --
Source: Golden Isles Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $44,822 $1,775,920 $1,317,120 $458,800
2023 $35,939 $1,453,040 $1,317,120 $135,920
2022 $17,650 $699,320 $699,320 $0
2021 $10,422 $699,320 $699,320 $0
2020 $10,521 $399,600 $399,600 $0
2019 $10,521 $399,600 $399,600 $0
2018 $10,521 $399,600 $399,600 $0
2017 $12,354 $469,200 $469,200 $0
2016 $11,364 $469,200 $469,200 $0
2015 $11,411 $469,200 $469,200 $0
2014 $11,411 $469,200 $469,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Dunn

    Seller's Agent in 2021

    Patrick Dunn

    Sea Island Properties

    (912) 638-5838

    146 in this area

    215 Total Sales

    Patrick Dunn
    Section Image

  • B

    Buyer's Agent in 2021

    Brin Meredith

    Sea Island Properties

    Section Image
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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1577126

Golden Isles Association of REALTORS®

APN: 05-00800

Georgia Glynn County Sea Island 31561 Sea Island

520 Forest Rd, Sea Island, GA

This home is located at 520 Forest Rd, Sea Island, GA 31561 since 08 February 2016 and is currently estimated at $6,365,900. 520 Forest Rd is a home located in Glynn County with nearby schools including Oglethorpe Point Elementary School, Glynn Middle School, and Glynn Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Golden Isles Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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