Oceanfront Resort Condo with
40 Folly Field Road F22 Hilton Head Island, SC 29928
40 Folly Field Road F22, Hilton Head Island, SC, 29928
$310,000
For Sale
$310,000
Top-floor, 2-bed, 2-bath condo with resort views and amenities.
Property Size888 SF
Price / SF$349.10
Days on Market666
Property Features for 40 Folly Field Road F22
General Information
- Standard status
- Active
- Size
- 888 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing Agency
C 21 A Low Country Realty (060)
(843) 422-8646
Listed by
Sue Cromey
(843) 422-8646
Source
Exitrealty
Added: Sep 20, 2024 Checked: Jul 17 at 4:14 am
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 C 21 A Low Country Realty (060)
Investment Insights
Based on property information with market context.
This top-floor unit offers views of the resort. It is a 2-bed, 2-bath condo with good rental potential. A new HVAC system was installed on April 3rd. The oceanfront resort provides amenities for families, including a large oceanfront pool, a children's pool, a tiki bar, 8 tennis courts, 6 pickleball courts, a fitness room, a catch & release lagoon, a playground, a sports bar/restaurant, a seasonal pizza restaurant, seasonal bike rentals, and 24-hour manned security. The monthly regime fee covers building maintenance, cable, capital reserve, common electric, common sewer, common water, insurance, internet, landscaping, management fees, pest control, refuse, and water. The property size is 888 square feet.
Key Highlights
- Oceanfront resort with extensive amenities including pools, tennis, pickleball, and restaurants.
- New HVAC installed.
- Top floor unit with resort view.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.1k | $20.40 |
| − Vacancy | −$906 | −$1.02 |
| EGI | $17.2k | $19.38 |
| − OpEx | −$7.7k | −$8.72 |
| NOI | $9.5k | $10.66 |
888 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$135.2K
$118.3K – $157.8K
NOI $9,465 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.9K
$234.4K – $312.6K
NOI $18,755 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Hiers Team - Hilton ...
Real Estate Agency
HHI Tide 21 ...
Vacation Rental
Hilton Head Condo ...
Vacation Rental
Coconutz Sportz Bar
Restaurant
Admirals Row B
Vacation Rental
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FAQs
What type of property is this?
Short term rental property - Top-floor, 2-bed, 2-bath condo with resort views and amenities.
Where is this short term rental property located?
The property is located at 40 Folly Field Road F22 Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Oceanfront resort with extensive amenities including pools, tennis, pickleball, and restaurants.; New HVAC installed.; Top floor unit with resort view.
