Cheapest Condo on St. Simons Island: This $269,000 Condo Could Be Your Way Onto St. Simons Island

As of November 3, 2026, the cheapest condo for sale on St. Simons Island is a one-bedroom, one-bath unit at Island Square Condos listed at $269,000. My $199,900 listing at Mallery Villas, the condo that started this series, sold in 35 days for more than its asking price.

The Short Answer

Right now, the most affordable condo for sale on St. Simons Island is 603 W Island Square Drive at $269,000. This ranking leaves out condotel units, the hotel rooms that are sold individually but operate as part of a hotel, because they aren’t a true comparison to a condo you can live in or rent on your own terms.

Update: The $199,900 Mallery Villas Condo Sold

When this series started, the cheapest condo on the island was my listing at Mallery Villas: a two-bedroom, 1.5-bath unit that needed a full renovation, priced at $199,900. It went under contract quickly and closed on October 5, 2026, after 35 days on the market, for $215,000.

That result says a lot about this end of the market. Buyers are actively looking for a way onto St. Simons Island, and a well-priced condo can sell fast and above asking even when it needs work from top to bottom.

What You’re Getting at This Price

The new cheapest condo is a ground-level one-bedroom, one-bath unit in Island Square Condos, a gated community off Demere Road on the south end of the island. Here is what the listing shows:

• Community pool and fitness center
• Covered parking when available, plus an outside storage closet
• Building restoration and parking lot renovations completed as of late October 2026, including a newly paved lot
• HOA dues of $9,300 a year, or about $775 a month
• A current tenant on a month-to-month basis
• A recent price reduction

The listing describes the unit as suitable for a vacation rental, a long-term rental, a second home, or a primary residence. It is also close to restaurants, grocery stores, the post office, and everyday shopping.

Why It’s Priced Here

A one-bedroom is the smallest floor plan you’ll find in most St. Simons Island condo communities, and while Island Square is on the south end, it sits inland off Demere Road rather than on the beach or in Pier Village. The unit has also been on the market for most of the year and the price was just lowered.

For context, the next most affordable condos on the island right now are two-bedroom units at Skiff Landing listed at $275,000 and $284,950, and a two-bedroom, two-bath unit in Island Square itself is listed at $329,000.

Who This Makes Sense For

• Investors who want rental income from day one, with a month-to-month tenant already in place and the flexibility to keep that lease or change course
• Buyers who want the lowest possible price of entry to own on St. Simons Island
• Second-home buyers looking for a simple lock-and-leave condo with a pool and fitness center inside a gated community

FAQ

What is the cheapest condo for sale on St. Simons Island right now?

As of November 3, 2026, it’s 603 W Island Square Drive in Island Square Condos, a one-bedroom, one-bath unit listed at $269,000. Condotel units are not included in this ranking.

What happened to the $199,900 Mallery Villas condo?

It sold. The fixer-upper condo closed on October 5, 2026, after 35 days on the market, for $215,000, which was above its $199,900 asking price.

What are the HOA fees at Island Square Condos?

For this unit, the listing shows HOA dues of $9,300 a year, which works out to about $775 a month. Dues vary by unit and can change, so buyers should confirm the current amount and what it covers with the association.

How often does the cheapest listing on St. Simons Island change?

It changes whenever the featured listing sells or a lower-priced condo comes on the market. That’s why this page is updated on an ongoing basis rather than being a one-time post.

A Word From Someone Who Tracks Every Listing on the Island

I’ve listed more than 875 properties over 29 years, and I watch every listing that comes onto St. Simons Island, not just the luxury end. This Island Square condo isn’t one of my listings, but tracking the whole market is how I know where any property fits and what it’s really worth. The Mallery Villas sale is a good example: priced right, a condo needing a full renovation sold above asking in about a month.

If you own a condo on St. Simons Island and you’re wondering what it would bring in today’s market, request a free home valuation and I’ll give you an honest number.

About John Hallman

John Hallman is the St. Simons Island Listing Specialist with Engel & Völkers Golden Isles, with 29 years of experience and more than 875 properties personally listed on St. Simons Island and throughout the Golden Isles. He tracks every listing on the island, from entry-level condos to oceanfront estates, and shares that market knowledge through this blog.

Want to Be First to Know?

This condo won’t be the cheapest on the island forever. It will either sell or get replaced by the next most affordable listing. If you want to know the moment a new cheapest condo hits the market, reach out and I’ll keep you updated.

Listing courtesy of Len Hoshall, BHHS Hodnett Cooper Real Estate. Information is from the Golden Isles MLS as of November 3, 2026, and is deemed reliable but not guaranteed.

This post is part of an ongoing series tracking the most affordable condos for sale on St. Simons Island. Bookmark this page or check back for updates. It’s refreshed as the market changes.