Here are 7 of the priciest homes for sale in Hilton Head, with 1 topping $8.2 million
Hilton Head real estate rightfully boasts a revolving cycle between full-time resident home buyers, vacation home shoppers and property investors. With the busy season heating up with the weather, it’s important to keep a few things in mind.
Once a fruitful market with more copious inventory, Hilton Head Island has become a seller’s dream over the past two years, with seven of the most expensive homes currently on the market easily topping millions of dollars each.
Hilton Head a seller’s market
On an island known for its natural beauty, renowned golf links and luxurious island homes, something is bound to catch the eye of an unsuspecting local, frequent sun-seeker or family traveler. Simply stated, there are more people wanting to buy homes in the area than there are homes for sale.
“Things are accelerating. People are coming here sooner than they did because of the remoteness of things,” said Jim Lowell, a local realtor with Dunes Real Estate, referencing how the workforce has shifted to more employees able to work remotely from home. “So, maybe someone thought they were going to retire in five years; however, they’re in a position to where they can now work remote and in essence, move to their retirement place now versus waiting five years.”
“From the buy-side of the world, it’s all about now,” Lowell said concerning the current market. “You have to really know what you’re doing and be very nimble and quick.”
The market is still good to buy in, but be prepared and ready, Lowell added.
Homes are flying off the real estate shelves almost as fast as they are being put up for sale. This in turn means that the already prime real estate is even more valuable.
According to the Hilton Head MLS and Hilton Head Area Association of Realtors, a recent market overview showed the average sale price of homes on the island to have increased by 26.3% from February 2021 to February 2022. The average sales price of homes is now $664,446, up from the previous $526,171 of last year.
Here’s a list of seven of the most expensive homes on the island
21 Red Cardinal Road: This five-bedroom, five-bath home is listed at $8.2 million and boasts 6,034 square feet. Located in the Sea Pines community, this oceanfront home includes an outdoor pool and spa, elevator, front entrance Koi pond, and second floor outdoor deck overlooking the ocean.
47 Brams Point Circle: Located in Spanish Wells on Hilton Head Island, this home is 9,945 square feet. Priced at $6.5 million, this home is a deep water property with its own private dock and boat lift. It includes a pool and spa, copper roof, media room with theater seats, library, his and her walk-in closets and more.
28 Wood Ibis Road: Also listed at $6.5 million, this home is an oceanfront property with five bedrooms and seven bathrooms. This home is only one of a small number of oceanfront homes currently on the market in the Sea Pines community. With 4,500 square feet, it has an outdoor pool and spa, ocean view and with an initial construction date of 1960.
63 Baynard Cove Road: Priced at $5.95 million, this sound front home has six bedrooms and seven bathrooms totaling to 6,200 square feet. Located in Sea Pines, it has deep water access with marsh views, a private dock and offers a five-minute bike ride to the beach.
9 Black Duck Road: This seven-bedroom, seven-bath home has an asking price of $5.75 million. This home offers an outdoor pool, sculpture, and oceanfront views with its own private beach walkway. It has built-in electric hurricane shutters, a Carolina room, two separate laundry rooms and an elevator shaft ready for elevator installation.
25 N Calibogue Cay Road: This home is on the market for $4.99 million and is 6,000 square feet. It is a Sea Pines deep water residence with a private, large dock and boat lift off of Calibogue Sound. Complete with a pool and spa, this home also offers an outdoor fire pit, chef’s kitchen and unobstructed water views.
9 Singleton Beach Place: Priced at $4.5 million, this beachside home offers multiple balconies with both ocean and marsh views, heated pool, an elevator, circular staircase and a chef’s kitchen. This home has seven bedrooms and six bathrooms, which help make up its 4,561 square feet.
Do sellers’ have anything to sweat in the current market?
“It’s interesting because I talk about being nimble and quick on the buy-side. On the sale-side, you have to be strategic. You have to be ready,” Lowell said.
Prep tips for buyers in Hilton Head market
According to local real estate agent, Susie Castellini from Berkshire Hathaway on Hilton Head Island, “there’s a lot more talking to people about specifics, like the contracts and all of that before actually getting to one, so that when it’s time, they’re ready to go. We’re not sitting around talking about each paragraph of the contract. So a lot of it is pre-education.”
Castellini suggested for buyers to speak to a local lender first it they’re financing or have proof of funds.
“So, in the past, we kind of wait for that sort of thing, but now and it’s not to put pressure on the buyer, but if they really want something we have a lot of pre-offer educating that needs to be done,” Castellini said.
Hilton Head Island remains a sellers’ market, and it doesn’t look like that will be changing anytime soon. However, that’s not to discount buyers.
“It’s still a fantastic market and it is generally a seller’s market, but buyers aren’t completely suffering. There are deals to be had and there is some wiggle room, but you’re going up against maybe 10 other buyers. So, the biggest thing I tell people is, if you’re serious you need to be prepared when you come here,” Castellini said.
This story was originally published April 5, 2022 at 6:00 AM.
