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109 E Park Avenue, Savannah, GA, 31401

1beds
1baths
528sqft
$489,999
$928price/sqft
$3,291/moest. monthly cost
$131,640/yrincome needed

About This Home

Rare opportunity to own a fully licensed short-term vacation rental (STVR) in Savannah’s highly sought-after Historic District. Properties with this designation are limited, making this an exceptional investment with immediate income-producing potential. Located just steps from Forsyth Park, this property blends historic Savannah charm with modern livability. The light-filled interior features hardwood floors, classic architectural details, and a thoughtfully designed layout that lives comfortably for both guests and owners alike. The kitchen opens seamlessly to the main living area, creating an inviting space ideal for entertaining or hosting. The bedroom offers a quiet retreat, while the overall floor plan maximizes functionality and appeal. Guests will love the unbeatable location - walkable to Forsyth Park, award-winning restaurants, boutique shopping, and Savannah’s iconic squares. Whether used as a full-time vacation rental, second home, or a combination of both, this property offers flexibility and strong income potential.

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
83
BikeVery Bikeable

Construction

Condition

  • Year built: 1890

Materials

  • Foundation: Slab

Type & Style

  • Home type: Condo
  • Architectural style: Traditional
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Convection Oven,Dryer,Dishwasher,Electric Water Heater,Microwave,Oven,Range,Refrigerator
  • Laundry features: Other

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Number of fireplaces: 2
  • Fireplace features: Decorative,Living Room,Master Bedroom
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Electric,Wall Furnace
  • Cooling features: Electric,Wall Unit(s)

Interior Area

  • Total interior livable area: 528 sqft

Property

Details

  • Parcel number: 2004433021
  • Zoning: R1
  • Special condition: Standard

Features

  • Fencing: Yard Fenced

Lot

  • Lot size: 640.33 sqft
  • Features: Garden

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

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

  • Hurricane
    HurricaneVery High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Georgia Counties

Hurricane
Tropical Storm

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

MonthlyAnnual
Mortgage $2,477$29,724
Home Insurance *$265$3,180
Property Taxes $330$3,960
Electricity $219$2,637
Total$3,291$39,492
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$112,834/yr
40% on housing$98,730/yr
45% on housing$87,760/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
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Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

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.

Insurance Growth Rate5-year average: 3.6%
3.6%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$928This listing

vs Other Active Listings

Avg $/sqft

ZIP 31401$370
Chatham County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 31401$321
Chatham County$203

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

DateEventPrice
2026-03-27Listed for sale$489,999
2025-12-30Listing removed$2,500
2025-11-28Listed for rent$2,500
2025-10-28Listing removed$2,500
2025-10-16Listed for rent$2,500
2025-08-20Listing removed$2,500
2025-07-09Listed for rent$2,500
2021-05-03Sold$318,000
2021-03-24Contingent$325,000
2021-03-04Listed for sale$325,000
2020-09-25Sold$419,000
2016-05-06Sold$232,500
2005-10-14Sold$229,900

For Sale by Agent

AgentMary Kathryn Smith
BrokerageSavannah Realty

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