Forest Beach foreclosures do not stay on the market long. In fact, even at their highest point, foreclosures in Forest Beach were at lower levels than those of comparably priced areas. Forest Beach is comprised of North Forest Beach, primarily homes with a few condo complexes, and South Forest Beach, with the vast majority of real estate options on this side being in condo and villa complexes. There were a number of homes in North Forest Beach which fell into foreclosure; however, the vast majority of properties were located in villa complexes in South Forest Beach.
Nonetheless, homes and condos/villas were quick to go under contract as investors saw this area as a very attractive market to enter during the down time. Foreclosures in Forest Beach will come on the market from time to time, but are quickly snatched by prudent buyers who watch the market closely.
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More on Forest Beach, Hilton Head Foreclosures
Foreclosures in Forest Beach have been sporadic over the past several months, though they sell very quickly.
Originally settled in the 1950s as the first of the Island’s seasonal occupations by those wishing to escape the brutal Northern winters, Forest Beach (that is, North Forest Beach and South Forest Beach) continues to be a favorite neighborhood for Islanders. It is a non-gated community featuring small bungalows, large oceanfront mansions and villas, primarily for short-term rental investment.
Forest Beach has one main road, Forest Beach Drive, with north and south designations, which runs parallel to the beach. Fingering off this road are single-lane streets. Known for its high short-term rental incomes, Forest Beach homes are large and well-maintained, many with private pools and other high-end amenities.
Amenities near Foreclosed Forest Beach Homes
Forest Beach is a highly sought-after community on Hilton Head Island and is known for its pristine three-mile beach, glorious natural beauty, convenient shopping, beautiful homes in a quiet residential setting and lovely villas and condos lining the shore. One of the few ungated communities on the Island, Forest Beach is known as Hilton Head's "downtown" area.
There are two sections of Forest Beach---North Forest Beach and South Forest Beach, with Coligny Circle separating the two. Beach-lovers flock to these shores, as do those seeking unique shops and wonderful restaurants.
Having lived in Forest Beach many years ago, it is a part of who I am. I know it well and have many fond memories having spent so much time there. I would be pleased to assist you in finding your perfect Forest Beach property. Call me at 843.384.9088 to set an appointment to preview properties!