The Terraces is a very unique property located just one back from the ocean and steps to the beach crossover - Originally built in 1935, the current owners, Desoto Beach Properties, purchased the property in 2011 and the property has been through several major renovations and upgrades since that time - there is an elevator to the 2nd and 3rd floors - each floor is completely furnished and all three vary in size with the top floor the largest and best view. Each apartment has a private balcony and each apartment is provided a private parking space. All units are upgraded as required and furnishings replaced as needed to continue their excellent occupancy rate.
This property is located in an R-T district and is not affected with current or proposed STVR changes.
What a rare opportunity to have your own "slice of heaven" and have two other properties that provide income for expenses and/or debt service. The property is managed by the current owners via The Desoto Beach Hotel. Owners have agreed to continue management if new owners desire at a reduced market rate.
Please call to schedule your private tour based on vacancy availability.
For sale
$1,895,000
3 2nd Terrace Street, Tybee Island, GA 31328
5beds
3,200sqft
Triplex
Built in 1935
-- sqft lot
$-- Zestimate®
$592/sqft
$-- HOA
What's special
- 150 days
- 140
- 7
Zillow last checked:
Listing updated:
Listed by:
Teresa O. Jackson 912-429-0578,
Coldwell Banker Access Realty
Source: Hive MLS,MLS#: SA354067
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Central, Electric, Heat Pump, Wall Furnace
Cooling
- Central Air, Electric
Appliances
- Included: Some Electric Appliances, Electric Water Heater, Oven, Plumbed For Ice Maker, Range Hood, Dryer, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s)
- Flooring: Hardwood
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 4
- Parking features: Underground, Off Street
- Carport spaces: 4
Accessibility
- Accessibility features: No Stairs
Features
- Has view: Yes
- View description: Water
- Water view: Water
- Body of water: Atlantic Ocean
Lot
- Features: Level
Details
- Parcel number: 4000405004
- Zoning: R.T
- Zoning description: Multi Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Frame
- Roof: Composition
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Underground Utilities
Community & HOA
HOA
- Has HOA: No
- Second HOA name: Desoto Beach Prop
Location
- Region: Tybee Island
Financial & listing details
- Price per square foot: $592/sqft
- Tax assessed value: $1,094,100
- Annual tax amount: $13,738
- Date on market: 4/20/2026
- Cumulative days on market: 150 days
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,1031 Exchange
- Inclusions: Alarm-Smoke/Fire, Ceiling Fans, Dryer, Refrigerator, Washer
- Ownership type: Investor
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Listed for sale | $1,895,000$592/sqft |
Source:  Hive MLS #SA354067 Report a problem | ||
| 8/19/2026 | Contingent | $1,895,000$592/sqft |
Source: Hive MLS #SA354067 Report a problem | ||
| 4/20/2026 | Price change | $1,895,000-5%$592/sqft |
Source: Hive MLS #SA354067 Report a problem | ||
| 2/24/2025 | Listed for sale | $1,995,000$623/sqft |
Source:  Hive MLS #298295 Report a problem | ||
| 10/15/2024 | Listing removed | $1,995,000$623/sqft |
Source: Coldwell Banker Platinum Properties #298295 Report a problem | ||
| 4/11/2024 | Price change | $1,995,000-11.3%$623/sqft |
Source: Hive MLS #298295 Report a problem | ||
| 3/12/2024 | Listed for sale | $2,250,000$703/sqft |
Source: Hive MLS #298295 Report a problem | ||
| 1/29/2024 | Pending sale | $2,250,000$703/sqft |
Source: Coldwell Banker Platinum Properties #298295 Report a problem | ||
| 12/1/2023 | Listed for sale | $2,250,000$703/sqft |
Source: Coldwell Banker Platinum Properties #298295 Report a problem | ||
| 11/17/2023 | Pending sale | $2,250,000$703/sqft |
Source: Coldwell Banker Platinum Properties #298295 Report a problem | ||
| 10/16/2023 | Listed for sale | $2,250,000+309.1%$703/sqft |
Source: Hive MLS #298295 Report a problem | ||
| 2/25/2011 | Sold | $550,000-62.1%$172/sqft |
Source: Public Record Report a problem | ||
| 8/17/2007 | Sold | $1,450,000$453/sqft |
Source: Hive MLS #SA31826 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,738 +17.1% | $437,640 |
| 2024 | $11,733 -3% | $437,640 +14.6% |
| 2023 | $12,101 +21.3% | $381,840 +22.8% |
| 2022 | $9,974 +9.7% | $310,920 +14.9% |
| 2021 | $9,094 -2.2% | $270,600 |
| 2020 | $9,296 +10% | $270,600 -6.5% |
| 2019 | $8,452 -35.5% | $289,440 +7% |
| 2018 | $13,100 +3% | $270,600 +27.2% |
| 2017 | $12,724 +85.6% | $212,760 |
| 2016 | $6,855 -50% | $212,760 |
| 2015 | $13,720 +34.6% | $212,760 -0.9% |
| 2014 | $10,193 | $214,680 +1.6% |
| 2013 | -- | $211,360 +35.2% |
| 2012 | -- | $156,280 +3.2% |
| 2011 | -- | $151,440 -29% |
| 2010 | -- | $213,240 -23.9% |
| 2009 | -- | $280,200 -31.2% |
| 2008 | -- | $407,000 +38.1% |
| 2007 | -- | $294,800 |
| 2006 | -- | $294,800 +12.8% |
| 2005 | -- | $261,400 +72.7% |
| 2003 | -- | $151,400 +0.5% |
| 2002 | -- | $150,600 +118.3% |
| 2001 | -- | $69,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 31328
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