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2 Beds
2 Baths
1,092 sqft

$445,000

850 Mallery Street 2O, St Simons Island GA, 31522

Price per sqft$407.51
Built in1975
Property size1,092 sqft
Property typeCondominium

Overview

Active

Listed Jan 8, 2026

Updated Apr 7

This well-maintained townhouse-style condo in Ocean Walk is one of those rare opportunities that works equally well as a second home, primary residence, or smart investment property. This home is an income-producing vacation rental with strong demand. Existing future bookings average approximately $4500-$5000 per month, offering immediate revenue potential for the next owner. The condo has been thoughtfully cared for and tastefully updated. Numerous upgrades include updated kitchen cabinetry with additional drawer and storage space, new countertops, and a stylish backsplash. The first level features two flexible living spaces that can be used as living and dining rooms interchangeably, depending on personal preference, along with an attractive, updated powder room. Ceramic tile flooring runs throughout the first floor for easy maintenance. Home offers SMART technology, such as a Nest thermostat and a remote door access system that can be accessed remotely for security and ease. Upstairs, the second floor is carpeted and hosts two bedrooms. The spacious primary bedroom offers direct access to the full bath and abundant closet space. The guest bedroom, currently configured as a den or office, includes a built-in Murphy bed, allowing it to easily convert into a comfortable guest room. A large walk-in closet provides excellent storage, and the laundry closet is conveniently located in the hallway between the bedrooms. Ocean Walk is one of the most popular Village-area communities, set on approximately 16 beautifully landscaped acres. Amenities include two swimming pools (one heated during winter months), tennis and pickleball courts, a charming central lake, and a clubhouse with a fitness center and laundry facilities. The complex is walkable and bikeable to the St. Simons Pier Village, offering easy access to restaurants, shopping, and island attractions. Short-term rentals are permitted, pets are welcome, and furniture and furnishings are included (including a SMART TV), making this a turnkey opportunity whether you’re looking to enjoy island living or add a low-maintenance income-producing property to your portfolio.

$2,961/mo

Est. mortgage payment based on a $445,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1658606

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Association Fee Frequency
Monthly
View
Yes
Furnished
Yes

Listed by Keller Williams GA Communities 912-602-4591

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