219 & 221 Olive Way St, Saint Simons Island, GA, 31522
About This Home
Coastal Living Meets Investment Opportunity on St. Simons Island! Located just moments from the beach, this exceptional property offers the perfect blend of coastal charm and income-producing potential. Featuring a 4-bedroom main home with an inviting sleeping porch plus a separate 2-bedroom/2 1/2 bath guest house complete with a full kitchen, this versatile setup is ideal for multi-generational use or maximizing rental income. Currently part of a successful vacation rental program with established rental history, this property is being sold turn-key and fully furnished, making it ready for immediate enjoyment or continued investment use. The owner has never occupied the home, and it has been maintained as a second home and income-producing property. Whether you're looking for a beach retreat, an investment property, or both—this St. Simons gem checks all the boxes. Don’t miss this rare opportunity to own near the coast with built-in income potential!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1995
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Features
- Attic,Breakfast Bar,Breakfast Area
- Attic: Partially Floored
Interior Area
- Total interior livable area: 2,964 sqft
Property
Details
- Parcel number: 0408379
- Zoning description: County
Lot
- Lot size: 5,662 sqft
- Lot size dimensions: ,,,
Parking
- Total spaces: 3
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,860 | $118,320 |
| Home Insurance * | $895 | $10,740 |
| Property Taxes | $845 | $10,140 |
| Electricity | $287 | $3,455 |
| Total | $11,887 | $142,644 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $1,950,000 |
| 2025-01-27 | Sold | $1,700,000 |
| 2025-01-13 | Pending sale | $1,849,000 |
| 2024-08-25 | Listed for sale | $1,849,000 |
| 2024-08-24 | Listing removed | -- |
| 2024-01-18 | Listed for sale | $1,995,000 |
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