$1,895,000

Property 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.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Apr 19, 2026

Price per Sq Ft

$592/sqft

ZIP Code

31328

Full Baths

5

Parking

Underground, Off Street

Heating

Central, Electric, Heat Pump, Wall Furnace

Cooling

Central Air, Electric

Construction

Frame

Property Tax (2025)

$27,475/yr

Assessed Value

$437,640

Last Sold

$1,450,000 · Aug 20, 2007

County

Chatham

School District

Chatham County School District

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 32.01033 · Lng -80.84138