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    104 17Th St Tybee Island, GA 31328

    Sponsored
    For Sale
    $5,785,000

    MULTI_FAMILY - Other - Tybee Island, GA

    Property size:
    9,382 SF
    Lot size:
    0.19 Acres
    Days on Market:
    39
    Last Refresh:
    Feb 21 at 1:06 am

    Property Features for 104 17Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    C-1
    Rooms
    Bedroom 7, Bathroom 21, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 8, Bathroom 15, Bedroom 22, Bedroom 9, Bathroom 10, Bathroom 18, Bathroom 17, Bedroom 12, Bedroom 10, Bathroom 5, Bedroom 4, Bedroom 16, Bedroom 13, Bedroom 21, Bathroom 1, Bedroom 1, Bedroom 15, Bathroom 6, Bathroom 8, Bathroom 12, Bathroom 19, Bedroom 18, Bathroom 11, Bathroom 20, Bedroom 11, Bathroom 4, Bathroom 7, Bedroom 2, Bathroom 16, Bathroom 14, Bathroom 2, Bathroom 13, Bathroom 3, Bathroom 9, Bedroom 17, Bedroom 20, Bedroom 19, Bedroom 14
    Bedrooms
    22
    Bathrooms
    21
    APN
    40008 18001
    Parking features
    Open
    Patio and Porch features
    Patio, Deck
    Interior features
    Ceiling Fan(s), Pull Down Attic Stairs
    Exterior features
    Balcony, Courtyard, Deck, Landscape Lights
    Fencing
    Fenced, Privacy
    Appliances
    Some Electric Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Dryer, Refrigerator, Washer
    Size
    9,382 SF
    Lot size
    0.19 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    1
    Building materials
    Brick, Frame, Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Summer Freeman

    Savannah Real Estate Company (912) 335-5357

    Listing agent Summer Freeman (912) 335-5357 License #351981

    Listing date Jan 14, 2026

    MLS# SA345495

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Tybee Island Multifamily Investment Opportunity

    The "Tybee Reserve" presents a multifamily development opportunity on Tybee Island, Georgia. This property features four attached, three-story single-family units, totaling 22 bedrooms, 19 full bathrooms, and 2 half bathrooms within 9382 square feet. Zoned commercial, the property may qualify for residential financing and is eligible for short-term vacation rentals. Each unit features an open concept layout, 12-foot ceilings, a full kitchen, multiple living spaces, a washer and dryer, sound-deadening spray foam, secure keyless entry, and dedicated parking with 2-car garages plus driveways for 2-3 additional parking spaces. Interiors include 3 1/4 solid white oak hardwood flooring, custom kitchens with Cambria Luxury Series quartz, designer lighting, and large windows. A central resort-style outdoor courtyard includes a private heated saltwater pool with a shell lock paver lounge deck. Unit A has 4 bedrooms and 4 bathrooms with an office, accommodating up to 12 guests. Unit B offers 6 bedrooms and 5.5 bathrooms, accommodating up to 14 guests. Unit C features 6 bedrooms and 5.5 bathrooms with a bunk room, accommodating up to 16 guests. Unit D provides 6 bedrooms and 5 bathrooms, accommodating up to 14 guests. All units have French doors opening to neighborhood views, while Units C and D feature oversized sliding glass doors leading to a balcony with pool views. Located in an X flood zone, flood insurance is not required. The property is a short walk from the beach, pier, pavilion, and Tybrisa dining and retail area. The property sits on a lot of approximately 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Department Store Kitchen & Bath Showroom Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tybee Island
    County
    Chatham
    State
    Georgia
    Longitude
    -80.85024
    Latitude
    31.991389

    Nearby Similar for Sale

    • $5,785,000
      9,382 SF

      Tybee Island Four-Unit Development

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      1,374 SF

      Luxurious Condo Steps to Beach

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      Oceanfront Condo at The DeSoto

      Oceanfront condo with beach views, pool, and short-term rental potential.
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      1,320 SF

      Charming Cottage with Rental Approval

      Turn-key cottage approved for short-term vacation rentals on Tybee Island.
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    • Contact for pricing
      3,200 SF

      Tybee Island Income Property

      Three-unit multifamily property near the beach with strong rental history.
      3 2Nd St, Tybee Island, GA 31328
      View Details

    FAQs

    What type of property is this?
    Hotel - Four luxury units, 22 bedrooms, ideal for short-term rentals.
    Where is this hotel located?
    The property is located at 104 17Th St Tybee Island, GA.
    What is the asking price?
    The asking price for this property is $5,785,000.
    What are key features of this property?
    This property features: - Projected Annual Income of $775K+ as a Short-Term Vacation Rental (STVR) eligible property.; - Tybee's Largest 4-Unit Development: 22 Bedrooms, 19 Full Bathrooms & 2 Half Bathrooms, totaling 9132 sqft, sold as one property.; - **Central Resort-Style Outdoor Courtyard with Private Heated Saltwater Pool and Shell Lock Paver Lounge Deck.**
    (912) 344-8445
    Request Owner's contact information
    104 17Th St Tybee Island, GA 31328
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    Tybee Island, GA 31328
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 17Th St Tybee Island, GA 31328
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    We can help!
    Listing Contact
    Summer Freeman
    Real Estate License ID: 351981
    (912) 344-8445 (912) 335-5357
    Learn more
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