Sold for $2,600,000

$2,600,000

1312 Butler Avenue, Tybee Island, GA 31328

12beds

5,831sqft

Multi Family

Built in 1910

-- sqft lot

$-- Zestimate^®

$446/sqft

$2,020 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,020/mo

Zestimate^® history

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$2,020/mo

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$12,812/mo

Est. payment

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$12,812/mo

Est. payment

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What's special

This historic inn grosses over $386,000 in income and has eight (8) separate apartments. It was originally built in 1910 and has been a favorite vacation site for all the years since. The current owners bought the property in 2019 and began major renovation - all units were upgraded and new furnishings were placed - the entire front from Butler Ave. to the building has been placed with brick pavers, Landscaping and a turnaround with ample parking for all guests. A large inground pool has been added for additional pleasure that is heated and cooled. There is a 5 foot access easement to the ocean' There is a coin operated laundry as well as commercial ice dispenser. The units vary in size from efficiency to large 3 bedroom apartment (that could easily be owner's residence). This property is located in an "X" zone and flood insurance not required. Please check Desoto Beach rentals (Georgiann Inn) for more pictures of individual apartments.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 11
Full bathrooms: 11

Heating

Electric, Heat Pump

Cooling

Central Air, Electric

Appliances

Included: Double Oven, Electric Water Heater, Microwave, Range Hood, Self Cleaning Oven, Dryer, Refrigerator
Laundry: Washer Hookup, Dryer Hookup, Laundry Room

Features

Ceiling Fan(s)
Flooring: Carpet, Hardwood, Tile
Common walls with other units/homes: 2+ Common Walls

Interior area

Total interior livable area: 5,831 sqft

Property

Parking

Total spaces: 13
Parking features: Off Street
Garage spaces: 13

Features

Patio & porch: Porch, Balcony
Exterior features: Balcony
Pool features: Heated, In Ground
Fencing: Privacy,Yard Fenced

Lot

Size: 0.5 Acres
Features: Interior Lot

Details

Parcel number: 4000706005
Zoning: C-1
Zoning description: Commercial,Multi Family
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Roof: Composition

Condition

Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Underground Utilities

Community & HOA

Community

Security: Security Lights

HOA

Has HOA: No
Second HOA name: Desoto Beach Prop

Location

Region: Tybee Island

Financial & listing details

Price per square foot: $446/sqft
Tax assessed value: $975,000
Annual tax amount: $13,107
Date on market: 10/22/2024
Cumulative days on market: 469 days
Listing agreement: Exclusive Agency
Listing terms: Cash,Conventional,1031 Exchange
Inclusions: Alarm-Smoke/Fire, Ceiling Fans, Dryer, Refrigerator
Ownership type: Other

Price history

Date	Event	Price
2/20/2025	Sold	$2,600,000-13.2%$446/sqft
Source: Hive MLS #SA298298 Report a problem
12/31/2024	Pending sale	$2,995,000$514/sqft
Source: Coldwell Banker Platinum Properties #298298 Report a problem
4/4/2024	Price change	$2,995,000-6.4%$514/sqft
Source: Hive MLS #298298 Report a problem
11/10/2023	Price change	$3,200,000-3%$549/sqft
Source: Hive MLS #298298 Report a problem
10/16/2023	Listed for sale	$3,300,000+175%$566/sqft
Source: Hive MLS #298298 Report a problem
5/17/2017	Sold	$1,200,000$206/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,242 -0.5%	$390,000
2024	$12,301 -0.5%	$390,000
2023	$12,359 -1.2%	$390,000
2022	$12,511 -4.5%	$390,000
2021	$13,106 -9.7%	$390,000 -7.6%
2020	$14,506	$422,240
2019	$14,506 -33.3%	$422,240 -10.7%
2018	$21,759 +6.5%	$473,000 +28.5%
2017	$20,434 +72.3%	$368,000
2016	$11,857	$368,000