501 Atlantic Drive

St. Simons GA 31522

1899 sq. ft.

0.11 ac.

Single-Family

Currently for sale - view listing

Overview

Island Living, Income Potential & NO HOA! Why choose between owning a piece of St. Simons Island and making a smart investment when you can have both? Welcome to 501 Atlantic Drive, a well-maintained coastal property offering flexibility, established rental history, and the opportunity to make island living work for you! Featuring two separate living spaces, the upstairs offers a 2-bedroom, 2-bath residence with a successful history of mid-term, executive, and corporate rentals, while the downstairs 1-bedroom, 1-bath residence boasts a strong history of long-term rental use. Whether you're an investor seeking multiple income streams, a buyer looking to live in one space while offsetting ownership costs with rental income, or someone searching for a coastal retreat with added flexibility, the possibilities are exciting! Situated on a generous lot, this property features an inviting porch, a two-car garage, an existing elevator (functionality unverified), and an HVAC system replaced within the last few years. Best of all, NO HOA! With its versatile layout, established rental history, and desirable St. Simons Island location, 501 Atlantic Drive offers more than just a place to call home. It's an opportunity to enjoy the coastal lifestyle while putting your property to work for you! Listing agent is a principal in this transaction.

Features

3 bedrooms

3 bathrooms

1899 sq. ft. floor area

0.11 ac. lot size

Single-Family

Property history for 501 Atlantic Drive

2023

Sold

$575,000

28 Dec 2023 by Amanda Duffey, of DeLoach Sotheby's International Realty

2021

Sold

$415,000

22 Jul 2021

Happy sellers in St. Simons

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