$860,000
SOLD MAR 11, 2024

Villamare Villas at Palmetto Dunes Resort 1 Ocean Ln Unit 2516 Hilton Head Island, SC 29928

Palmetto Dunes Neighborhood
2 Beds
2 Baths
1,232 Sq Ft
$868/mo HOA Fee

Recently Sold

$698 Per Sq Ft

22% Below List Price

222 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • Furnished
  • Hilton Head Island High School Rated A-
  • Screened Pool
  • Tennis Courts

About This Home

As of March 2024

$129k+ gross rental income YTD 2023! Breathtaking ocean views from the great room and balcony of this 5th floor luxury penthouse. Light, bright, and airy, with an open floor plan that features excellent bedroom separation. Villamare’s amenities include an Olympic-sized adults-only oceanfront pool, kid’s pool, a heated indoor pool, hot tub, sauna, exercise room, grills, a communal wood fire pit, sun deck, picturesque lagoons, covered parking, and multiple elevators. This villa is offered furnished and is ready-to-rent.

Last Agent to Sell the Property

Jim Paris

FATHOM REALTY Listed on: 07/11/2023

FATHOM REALTY

Last Buyer's Agent

Dacia Allen Team

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,543

Year Built

  • Built in 1986

Lot Details

  • Northeast Facing Home
  • Landscaped

HOA Fees

  • $868 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 1,232 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Carpet
  • Ocean Views
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Unassigned Parking

Pool

  • Screened Pool
  • Spa
  • Solar Heated Pool

Outdoor Features

  • Balcony
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 2516
  • Assessor Parcel Number R520-016-000-0340-2516

Community Details

Overview

  • Association fees include management, cable TV, internet, ground maintenance, maintenance structure, pest control, phone, pool(s), reserve fund, sewer, trash, water
  • Villamare Villas Subdivision

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Security

  • Security Guard
  • Fire and Smoke Detector
  • Fire Sprinkler System

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,543

Year Built

Built in 1986

Lot Details

0

HOA Fees

$868 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Individual
  • Special Listing Conditions: None
  • Subdivision Name: VILLAMARE VILLAS
  • Architectural Style: One Story
  • Building Stories: 1
  • Year Built: 1986
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Luxury Vinyl, Luxury VinylPlank
  • Interior Amenities: Ceiling Fan(s), Elevator, Main Level Primary, New Paint, See Remarks, Window Treatments, Eat-in Kitchen
  • Living Area: 1232.0
  • Dining Room Type: Dining Room, Eat-in Kitchen, Kitchen, Living Room
  • Window Features: Other, Window Treatments

Exterior Features

  • Pool Features: Screen Enclosure, Solar Heat, Community
  • View: Landscaped, Ocean
  • View: Yes
  • Construction Type: Stucco
  • Direction Faces: Northeast
  • Exterior Features: Balcony, Storage
  • Patio And Porch Features: Balcony
  • Roof: Flat

Garage/Parking

  • Parking Features: Underground, Unassigned

Utilities

  • Security: Security Gate, Security Guard, Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • Green Building Features: Elevator(s)
  • Cooling: Central Air, Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Amenities: Elevator(s), Fitness Center, Pool, Guard, Tennis Court(s)
  • Association Fee: 868.0
  • Pets Allowed: Owner Only

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Phone, Pool(s), Reserve Fund, Sewer, Trash, Water

Lot Info

  • Parcel #: R520-016-000-0340-2516
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Short Term Lease

Tax Info

  • Tax Lot: 2516

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $860,000 +1.2% $698 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
01/21/2024 01/21/24 Price Changed $850,000 -2.9% $690 / Sq Ft
11/01/2023 11/01/23 Price Changed $875,000 -5.4% $710 / Sq Ft
08/24/2023 08/24/23 Price Changed $925,000 -15.9% $751 / Sq Ft
07/11/2023 07/11/23 For Sale $1,100,000 -- $893 / Sq Ft
Source: REsides

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 $8,543 $33,640 $0 $0
2023 $8,543 $33,640 $0 $0
2022 $7,744 $29,250 $0 $0
2021 $7,770 $29,250 $0 $0
2020 $5,929 $22,910 $0 $0
2019 $5,758 $22,910 $0 $0
2018 $5,479 $22,910 $0 $0
2017 $5,166 $20,700 $0 $0
2016 $5,356 $22,500 $0 $0
2015 $5,283 $22,500 $0 $0
2014 $5,283 $22,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Paris

    Seller's Agent in 2024

    Jim Paris

    FATHOM REALTY

    (843) 422-5425

    6 in this area

    30 Total Sales

    Jim Paris
    Section Image
  • Dacia Allen Team

    Buyer's Agent in 2024

    Dacia Allen Team

    Keller Williams Realty

    (234) 575-1020

    23 in this area

    43 Total Sales

    Dacia Allen Team
    Section Image
See All Agents

About Villamare Villas at Palmetto Dunes Resort

Map

Source: REsides

MLS Number: 437154

REsides

South Carolina Beaufort County Hilton Head Island 29928 Palmetto Dunes

1 Ocean Ln Unit 2516, Hilton Head Island, SC

This home is located at 1 Ocean Ln Unit 2516, Hilton Head Island, SC 29928 and is currently priced at $860,000, approximately $698 per square foot. This property was built in 1986. 1 Ocean Ln Unit 2516 is a home located in Beaufort County with nearby schools including Hilton Head Island Early Childhood Center, Hilton Head Island Elementary School, and Hilton Head Island Middle School.

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.

REsides We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2025] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.

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