Today’s real estate deal of the day is a direct oceanfront home in Port Royal Plantation that has just been reduced to $1,795,000.

21 Donax Road features 4 bedrooms and 4 full baths.  Living Room with high ceilings. Roof was replaced in 2005. Downstairs has a porch. Tabby exterior. Great ocean views.

The home is in a great location and just a short walk to the Westin Hotel. Needs some updating but is priced accordingly.  Great value for a direct oceanfront home on Hilton Head in a private plantation.  I don’t think this one will last long.

Learn more about 21 Donax Road.

When I was a college student taking real estate marketing courses they always said the three most important things in real estate were location, location, location.

In this real estate market things have changed; there are a lot of great properties in good locations.  So today, the three most important things in real estate are price, price and condition.

With lots of properties on the market, there are many choices for buyers.

What’s going to be the three most important real estate factors in the future?  We don’t know, but they won’t be the same in the future as they are today.

With mortgage rates at record lows many people are looking to buy real estate while some are looking to refinance.

It’s important to look at all the numbers first – I thought this article might help answer some questions and give some good guidance to some of my clients who might not be ready to buy or sell at this moment.

Is it time to refinance? Run the numbers first.

If you need the name of a good lender please let me know; there are some great opportunities out there.

Today’s Hilton Head Island Real Estate Deal of the Day is a great home in Sea Pines Plantation – 1 Long Marsh Lane.

This home is in a great location and marsh views on private island with community swimming pool. Kitchen opens to breakfast area. Corian countertops. Living Room has high ceilings, fireplace. 3 bedrooms, 2.5 baths plus a bonus room. Wet bar. Master bedroom has jaccuzi, walk-in shower, double vanity. New roof. Shows extremely well.

When I talk to people about the Hilton Head Island real estate market, some people assume that not all markets haven’t been hit as hard.

I realize that the real estate market in several markets is strong, but most areas have been hit hard – including Hilton Head Island (much harder than we would like to see it).

Even though we are in a tough market (we are doing better than Florida) we have seen single family homes go down 35%, villas down 42% and homesites down 65% since the top of the market.

Some markets are thriving in this economy.  It’s like saying the average is standing with one foot in an ice bucket and one foot in boiling water which evens out to being ok.  I don’t know if you can say that for this scenario.

We have seen the lower condo market hit extremely hard.  For example, in 1983 we sold Woodlake condos for $49,500 and they got as high as $125,000.  We have recently been selling these condos for approximately $30,000 – less than what they sold for in 1983.  For these condos to get back to what they were selling for at the height of the market we would have to see a huge increase in value.

Hopefully we will see a turnaround in the entire real estate market soon – I know the harder hit markets would like that.

I love to hear when new businesses are coming to Hilton Head Island and the surrounding areas.

I was excited to read that a Bluffton hot spot will be opening on the south end of the island for tourists and locals alike.

Five Guys restaurant slated for Hilton Head Island | islandpacket.com.

What businesses would you love to see open on Hilton Head Island?

Today’s Hilton Head Island Real Estate Deal of the Day is 100 Governors Road in Sea Pines Plantation.  This is a SHORT SALE opportunity featuring 3-bedrooms, 3-full baths with golf course and lagoon views.

The beautiful screened porch overlooks the 129′ wide backyard.  You can enjoy all of this for $375,000.

Get more information on 100 Governors Road and Sea Pines Plantation.

Every year we hear the weather experts predict the number of hurricanes and tropical storms expected to affect the country during hurricane season.  Their accuracy (or lack there of) always amazes me. 

Hilton Head Island has been fortunate (some say lucky) because we have not been affected by many storms. 

Over the years, I’ve heard many different reasons why Hilton Head and surrounding areas have not been affected by hurricanes.  I never really knew if any of them were true or not, even though some of them made sense.

The data I’ve heard from scientific minded people are as follows.  First, the Gulf Stream is 90 miles away from Hilton Head; and traditionally when a hurricane hits the Gulf Stream, it pulls it north.  Secondly, Hilton Head is the most inward of any of the coastal communities on the entire U.S. East Coast.  I’ve also heard that we have the shallowest water of any coastal community and that hurricanes need depth of water to develop.  Because of our shallow water, hurricanes tend to turn. 

All of these seem to make sense, thus making Hilton Head a much safer investment and place to own property. 

For all you shoppers out there; this weekend marks tax free weekend in South Carolina.  You can get out there and take advantage of some great deals – TAX FREE

Tax free weekend is here – Business – TheState.com.

For all of you who don’t live in South Carolina; check here to see if your state offers a tax free weekend.