The real estate reviewer monitors 330+ master planned communities in Florida, Georgia, the Carolinas, Tennessee and in Central America.
But, let’s be honest. For many, this time of year is a big fat headache!
You bundle up each morning to brave the snow and ice — and you ask yourself “why don’t I move somewhere else?”
Even if it’s not time to do so full-time, you should at least consider doing it for part of the year.
There are many reasons to put Savannah at the top of your “vacation home” list, but here are two of the best ones.
Location. Location. Location.
The old real estate adage holds true, particularly when you’re buying a second home that you also consider an investment for the future. The best vacation properties offer something extra special — a magnificent view of the ocean, a dock overlooking a picturesque river or salt marsh or old world ambiance.
Savannah Has It All
Savannah offers you second homes on the beachfront of Tybee Island. Skidaway Island, Wilmington island, Dutch Island and Isle of Hope provide you beautiful views and easy access to the Intracoastal Waterway.
And Historic Downtown Savannah is like no other city.
Go back in time as you walk among the towering live oaks draped with Spanish moss and the historic homes and squares built in the centuries ago.
Plus, you’re only a three or four hour drive from multiple major metro areas, including Atlanta, Jacksonville, FL and Columbia, SC. So it’s easy to enjoy a weekend getaway just about anytime you want.
Tourist Love It
Savannah is also an award-winning tourist destination, which means you won’t have any problem renting your property to vacationers if you choose to do so.
About one in four second home owners rent their properties at least part of the year. Tybee’s vacation rentals stay at nearly full capacity throughout the spring and summer.
Just keep in mind that for tax purposes, vacation homes are subject to what’s called the 14-day or 10% rule. You can rent your home for up to 14 days a year and keep the rental income without having to declare it on your tax return.
But, if you rent out the house for more than 14 days, you’re classified as a landlord by the Internal Revenue Service and you have to report the income. But, as a landlord you have the opportunity to deduct certain expenses.
I’ll talk more about the tax benefits of vacation property in a future post, but for now read this if you want more detailed information.
Here are some links for you to view all the available Savannah homes. I’m sure you’ll find many that would make fantastic vacation homes. Enjoy!
If you have any questions or would like to view any of them personally, let me know. I’d love to take you on a tour whenever you’re in Savannah.
Just call me at 912-844-9000 or send me an email at [email protected] and we will set something up.
The Landings on Skidaway Island led the way with six million dollar homes selling so far in 2014.
Downtown Savannah, Wilmington Island (including Whitemarsh Island) also had a strong showing from April through July with five million dollar properties changing hands.
Dutch Island, Isle of Hope, Richmond Hill and Vernonburg also saw at least one property — priced for a million dollars or more — sell.
Are you looking for a million dollar home in Savannah? Or just curious about where homes in this price category are located?
Go here if you want to view all the current Savannah million dollar listings or keep reading to learn the details of 2014 sales. I’ll review sales figures from April through July to give you an overview of Savannah’s most exclusive addresses.
Since April of 2014, 21 homes –costing a million or more — have sold in the Savannah area. Here are their locations by zip code and section of town.
- The Landings on Skidaway Island (31411): Six million dollar homes sold here since April. All of The Landings properties were located on the waterfront.
- Wilmington Island (31411): All five of the million dollar homes sold on Wilmington Island and Whitemarsh Island were on the water. Two were located on Wilmington Island Road, while three were on Whitemarsh. Two were near the Savannah Yacht Club and the other was in Long Point.
- Downtown Savannah (31401): Three historic properties sold in Downtown Savannah area, while another was located on a historic square, but was a more recent construction. A million dollar condo also sold on Broughton Street — the center of the city’s retail and entertainment district.
- Isle of Hope and Dutch Island (31406): Two million dollar homes also sold in the Isle of Hope and Dutch Island communities — both were on the water.
- Vernonburg (31419): A luxury waterfront home in the Vernonburg area, located off of White Bluff, also sold for over one million dollars. Like most of the other homes in this category, it was on the water.
- Richmond Hill (31324): A luxury homebuyer also purchased a home in The Ford Plantation in Richmond Hill for over a million dollars.
The sales figures show that the market for luxury homes in Savannah has continued to remain hot after a fast start in 2014.
Million Dollar Home Listings in Savannah
Currently, 98 properties in the Savannah area (including Richmond Hill) are listed for a million dollars or more. The prices range from $7 million to $1.05 million.
In the next few months, I’ll overview many of these neighborhoods and subdivisions, including The Landings, Savannah Yacht Club area, Long Point, Dutch Island, Isle of Hope, Burnside Island, Ford Plantation, and of course, Tybee Island and the historic properties in Downtown Savannah. I’ll also cover waterfront (riverfront and beachfront homes), as well as upcoming luxury condo projects.
Follow the Savannah Luxury Report to Stay Up to Date
So stay tuned if you want to keep your finger on the pulse of the Savannah luxury home market. I’ll review recent sales, current listings, and planned new developments in the luxury market of Savannah real estate.
Just sign up here and receive all the updates as soon as they publish.
More Resources for Savannah Luxury Homebuyers and Sellers
I’ll also overview a new service we’re offering our luxury clients — or their relatives and children — who are selling a luxury home and transitioning to a new living arrangement. This service completely eliminates the hassle of selling a home and relocating yourself or a loved one.
If you’re in that situation now and can’t wait for the post, go ahead and call me (912-844-9000) or send me an email and I’ll overview it for you.
Savannah is an enchanting and charming city filled with lots of one-of-a-kind homes. No matter what your desire — a historic home, waterfront living, golf course living — or even city living in a brand new luxury condo in the heart of Downtown Savannah, you can find it here.