1 Ocean Lane, #3224, Hilton Head Island, SC, 29928 | $1,199,000

Experience one of the most spectacular views in all of Villamare, perfectly positioned within Palmetto Dunes, one of Hilton Head Island's most sought-after resort and residential destinations. Overlooking the main pool with sweeping views of the Atlantic Ocean and pristine dunes, this beautifully upgraded villa offers the ultimate blend of luxury, location, and investment potential. The kitchen and baths feature granite countertops, complemented by a new separate tile shower in the primary suite and tile flooring throughout. Two private balconies invite you to take in breathtaking ocean views, enjoy the coastal breeze, and listen to the soothing sound of the waves. Abundant natural light fills the space, while a newer HVAC system and hot water heater provide peace of mind. Villamare offers exceptional amenities, including two newly renovated outdoor pools (one adults-only), an indoor pool within the fitness center, a patio area with grills, and a firepit for evening gatherings. Beyond the gates, Palmetto Dunes delivers world-class golf, tennis, pickleball, waterfront dining, bike and kayak rentals, and the convenience of the General Store-all centrally located on the island, making it easy to enjoy everything Hilton Head has to offer. With $62, 000 in projected rental income for 2025 from just 11 weeks of use, this villa represents a rare and compelling investment opportunity. Don't miss your chance to own this once-in-a-lifetime ocean view property in one of the island's premier communities.

Features

  • Parking: Unassigned
  • Heating: Central,Electric
  • Cooling: Central Air,Electric
  • Amenities: Elevator(s),Fitness Center,Pool,Guard,Tennis Court(s)
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: VILLAMARE VILLAS
  • Development: Palmetto Dunes/Shelter Cove
  • Year Built: 1986
  • Approx Sq. Feet: 1,232
  • Lot Desc: Waterfront
  • View: Ocean
  • Water Front: Yes
  • Pet Policy: Owner Only
  • Appliances: Dryer,Dishwasher,Microwave,Oven,Refrigerator,Self Cleaning Oven,Washer
  • MLS#: 500590
  • Website: https://www.raveis.com
    /raveis/500590/1oceanlane_hiltonheadisland_sc?source=qrflyer
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NMLS Mortgage Loan Originator ID 1014636

860.463.1745

Russell.Baboff@raveis.com

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1 Ocean Lane, #3224, Hilton Head Island, SC, 29928

$1,199,000

Paige Niver

Sales Associate

William Raveis Real Estate

Phone: 860.338.1069

Paige.Niver@raveis.com

Russell Baboff

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.463.1745

Russell.Baboff@raveis.com

NMLS Mortgage Loan Originator ID 1014636

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $959,200 $959,200 $959,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.154% 6.031% 5.991%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,446 $5,674 $7,965
Total Monthly Payment $5,571 $5,799 $8,090

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.