503 E McDonough Street #A & B, Savannah, GA, 31401
About This Home
Rare opportunity in the Landmark Historic District to own a double (TWO UNITS), Non-Owner-Occupied Short-Term Vacation Rental —live in one, lease the other, and capitalize on valuable permits. Offering exceptional flexibility, this property is ideal for an owner-occupant seeking to live in one unit while generating income from the other, or for investors looking to maximize rental potential. Significant value lies in the transferable STVR permits—an increasingly limited asset in this premier location. Renovated in 2021, both units feature thoughtfully and completely reimagined baths, all new lighting fixtures and chandeliers, new interior paint, quartz countertops, a blend of slate and original hardwood flooring, 3-years young AC, totally rebuilt balcony, and rebuilt rear facade wall. Two fireplaces in each unit, enhancing historic charm with modern updates. The upper residence boasts a serene, tree-level balcony, while the lower unit welcomes guests with a classic front porch—perfect for enjoying the surrounding historic ambiance. Washers and Dryers included. Property will convey semi-furnished for a seamless transition and rental readiness. Listing Agent is Co-Owner of the property in an LLC.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter,Crawlspace,Pillar/Post/Pier,Raised
- Roof: Asphalt
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Some Gas Appliances,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Range,Self Cleaning Oven,Dryer,Refrigerator,Washer
- Laundry features: In Bathroom,Washer Hookup,Dryer Hookup
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Breakfast Area,Ceiling Fan(s),Galley Kitchen,High Ceilings
- Number of fireplaces: 4
- Fireplace features: Decorative,Living Room,Master Bedroom
- Fireplace: Yes
- Attic: Scuttle
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central,Electric,Heat Pump
- Cooling features: Central Air,Electric
Interior Area
- Total interior livable area: 1,724 sqft
Property
Details
- Parcel number: 20014 08015
- Zoning: RIPA
- Zoning description: Multi Family
- Special condition: Standard
Features
- Patio & porch: Balcony,Front Porch
- Exterior features: Balcony
Lot
- Lot size: 1,045 sqft
- Features: City Lot,Historic District
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
- Coastal Flooding
- Hurricane
- Earthquake
- Inland Flooding
- Lightning
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
- Tornado
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 | $4,525 | $54,300 |
| Home Insurance * | $484 | $5,808 |
| Property Taxes | $604 | $7,248 |
| Electricity | $219 | $2,637 |
| Total | $5,832 | $69,984 |
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 |
|---|---|---|
| 2026-04-09 | Listed for sale | $895,000 |
For Sale by Agent
View on Zillow