Cheapest Condo on St. Simons Island August 2026: This $199,900 Condo Could Be Your Way Onto St Simons Island

I just listed a new condo for sale on St. Simons Island, and at $199,900, it's currently the most affordable property on the island. It's a great opportunity for an investor or someone looking to build some sweat equity and get a foothold here.

The Short Answer

Right now, the cheapest property for sale on St. Simons Island is a condo listed at $199,900. If you've been searching "cheapest condo on St. Simons Island" or "affordable St. Simons Island real estate," this is currently it. A note on comparisons: a few condotel units on St. Simons Island are currently listed for less than this price. Condotels are priced and financed differently from traditional residential condos, so they not included in this comparison. See the FAQ below for more on that distinction.

What You're Getting at This Price

This condo is located at Mallery Villas Townhomes. It's a 2 bedroom, 1.5-bath unit with 1,126 square feet that needs extensive renovation. This isn't a move-in ready condo, it's a full project, top to bottom. The appeal isn't the current condition; it's the price, the location, and the opportunity of what this condo could become.

Why It's Priced Here

Condos on St. Simons Island typically range significantly higher than this, even in older buildings or with much inferior locations. The price reflects the scope of renovation needed, not the location or the potential upside and equity a future buyer could build.

Who This Makes Sense For

• Investors and flippers looking for a project with real upside on St. Simons Island, where inventory rarely gets this affordable
• Cash buyers who can move quickly and aren't dependent on financing that requires move-in-ready condition
• Buyers priced out of St. Simons who are willing to put in sweat equity or renovation dollars to get a foothold on the island

FAQ

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

As of this post, it's a $199,900 fixer-upper condo and is the lowest-priced listing currently on the island.

Is a fixer-upper condo on St. Simons Island a good investment?

That answer depends on your goals and budget for renovation. For cash buyers and investors comfortable with a full renovation, the price point offers upside that's rare in this market. For buyers needing move-in-ready condition or financing that requires it, this particular listing likely isn't the right fit.

Why doesn't this list include condotel units?

A condotel is a condominium unit operated as part of a hotel, often with hotel services and short term rental management, and it's financed differently than a traditional residential condo. Because lenders and buyers approach condotels differently, this series tracks the cheapest traditional residential condo on St. Simons Island, not condotels.

This may be the cheapest condo on the island right now, but is St. Simons Island an expensive place to live?

Great question! I actually answer this question in depth in a recent blog post that you can find here! 

A Word From Someone Who Tracks Every Listing on the Island

I've sold more than 875 properties over 29 years, and I watch every listing that comes onto St. Simons Island — not just the luxury end. This particular condo at Mallery Villas Townhomes is one of my current listings, one more example of the range I work across on this island. Whether you're looking at a $199,900 fixer-upper condo or a multi-million-dollar oceanfront home, I can tell you where it fits in the market and what it's really worth.

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 and his St. Simons Island Listing Specialist page.

Want to Be First to Know?

This listing won't be "cheapest on the island" forever. It'll either sell or get replaced by the next most affordable listing. If you want to be notified the moment a new "cheapest" listing hits the market, or if this one might be right for you, email me at john.hallman@evrealestate.com.