About This Home

This 5-bedroom, 5-bathroom multi-family at 3 2nd Terrace Street in Tybee Island, GA is listed for $1,895,000 ($592 per sqft). Built in 1935, the home offers 3,200 sqft of living space on a N/A lot.

Key Features

  • Built in 1935
  • 3 stories

Property Details

3 stories
5 full
1935

Amenities

ViewHardwoodA/C
Listing Description

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.

Monthly Cost Estimate

$10,135/mo

20% down · 6.5% · 30 years

Principal$1,370
Interest$8,212
Insurance$553

Estimates only. Actual payments may vary.

Location

3 2nd Terrace Street

Tybee Island, GA 31328

Features & Amenities

Interior Features

Ceiling Fan(s)

Property Details

Flooring

Hardwood

Construction

Frame

Views

Water

Parking

Off StreetUnderground/Basement

Heating

Heat Pump (Heating)Wall FurnaceElectric (Heating)Central

Cooling

Central AirElectric

Appliances

Some Electric AppliancesElectric Water HeaterOvenPlumbed For Ice MakerRange HoodDryerRefrigeratorWasher

Questions & Answers

This 5-bedroom, 5-bathroom multi-family at 3 2nd Terrace Street is listed at $1,895,000 ($592/sqft). The estimated monthly payment is $10,135 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1935, 3 stories. Interior Features: Ceiling Fan(s).

This property is listed by Teresa O. Jackson.

TJ

Teresa O. Jackson

License 183974

Agent at Coldwell Banker Access Realty

Listed by Coldwell Banker Access Realty · Broker phone: 9123521222 · View on Broker Site

MLS# SA354067· Source: Hive MLS· 196 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3 2nd Terrace Street, Tybee Island, GA 31328

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