Residential Income Villa with Lagoon
For Sale
$279,000
111 Sutherland Way #111, Hilton Head Island, SC 29926
Updated kitchen, open living and dining areas, and a deck facing a lagoon setting define this low-maintenance condominium villa.
Property Size1,389 SF
Price / SF$200.86
Days on Market56
Property Features for 111 Sutherland Way #111
General Information
Standard status
Active
Size
1,389 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
pool
assigned parking
Building Details
Year Built
1989
Listing Agency:
Engel & Volkers
(843) 715-4422
Listed By:
Michael Broadhurst · License #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 14 at 11:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers
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Investment Insights
Based on property information with market context.
This 1,389-square-foot villa in The Gatherings includes two bedrooms and 2.5 baths within a condominium community established in 1989. An updated kitchen connects with the dining and living areas, while a wooden deck looks toward a lagoon setting. The layout provides a defined residential interior with outdoor space for everyday use.
The community is positioned near the foot of the Hilton Head bridge, with Bluffton, Bluffton Parkway, shopping, dining, and daily conveniences described as minutes away. Regime services include building maintenance, landscaping, insurance components, common water and sewer, pest control, refuse, and pool maintenance. Additional community features include a pool and assigned parking. The property address is 111 Sutherland Way #111, Hilton Head Island, SC 29926.
The community is positioned near the foot of the Hilton Head bridge, with Bluffton, Bluffton Parkway, shopping, dining, and daily conveniences described as minutes away. Regime services include building maintenance, landscaping, insurance components, common water and sewer, pest control, refuse, and pool maintenance. Additional community features include a pool and assigned parking. The property address is 111 Sutherland Way #111, Hilton Head Island, SC 29926.
Key Highlights
- 1,389 SF villa with 2 bedrooms and 2.5 baths
- Updated kitchen opens to the dining and living areas
- Wooden deck overlooks a lagoon setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,805
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,100
$296.1K
Cap Rate 7%
$211,500
$211.5K
Cap Rate 9%
$164,500
$164.5K
Market Conditions
NOI Build-Up for 1,389 SF
Gross rent
$28.3K $20.40/SF
− Vacancy
−$1.4K −$1.02/SF
EGI
$26.9K $19.38/SF
− OpEx
−$12.1K −$8.72/SF
NOI
$14.8K $10.66/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,100
Cap Rate 7%
$211,500
Cap Rate 9%
$164,500
Alternative Uses
Best Use
Apartment 5plus
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.1K
$366.7K – $488.9K
NOI $29,336 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 29926, SC
24,832
Population
12,642
Households
2
Avg Household Size
56
Median Age
52%
College-Educated
91%
High-School Grad
28.7 sq mi
ZIP Area
865
Density / Sq Mi
$101,573
Median Household Income
$44,019
Median Earnings
$1,448
Median Rent
$600,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, open living and dining areas, and a deck facing a lagoon setting define this low-maintenance condominium villa.
Where is this residential income property located?
The property is located at 111 Sutherland Way #111 Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,389 SF villa with 2 bedrooms and 2.5 baths; Updated kitchen opens to the dining and living areas; Wooden deck overlooks a lagoon setting
