14 condo-hotel units at St. Simons Inn head to online auction

Fourteen individually deeded units at St. Simons Inn by the Lighthouse in St. Simons Island, Georgia, are being sold in an online auction that closes Nov. 3. Buyers can bid on one room, a smaller group or the full package, which represents 41% of the inn and could give a buyer outsized influence over operations.

Why it matters: - The auction offers a rare chance to buy income-producing property steps from the St. Simons Lighthouse, the pier and the beach. - The full 14-unit package would give one buyer a significant stake in how the 34-unit inn is run. - The units have generated six-figure combined gross rental revenue potential across the portfolio, with 2024 and 2025 performance ranging from about $25,000 to $46,000 per unit.

What happened: - Fourteen condo-hotel units at St. Simons Inn by the Lighthouse are being sold through an online auction by South Auction of Swainsboro. - Bidding is open now at the auction site and closes Tuesday, Nov. 3, 2026. - Buyers can bid on a single unit, a group of two or three units, or all 14 units as one package. - The 14 units represent 41% of the inn.

The details: - St. Simons Inn by the Lighthouse is a 34-unit condo-hotel in Pier Village on St. Simons Island, Georgia, directly across from the St. Simons Lighthouse. - Each unit is individually deeded, fully furnished and has one bathroom. - The building operates like a hotel with nightly guests, a front desk, daily housekeeping and a complimentary continental breakfast. - The homeowners association manages the property instead of a third-party management company. - Rental income is split 50-50 between each owner and the association. - The association uses its share for staff, cleaning, maintenance and operations. - The association covers utilities, Wi-Fi, cable and telephone. - Any reservations on the books at closing transfer to the new owner, along with their revenue. - Owners may stay in their own unit up to 30 nights a year at no lodging charge. - The property includes an outdoor pool, private ground-level parking and elevator service to the first two floors. - Units available include king rooms and two-queen rooms on all three floors. - Unit 302 is one of only two pet-friendly rooms in the Pier area. - Unit-by-unit income history is included in the auction information packet. - Detailed financial records, including tax returns and bank statements, are available to bidders who sign a confidentiality agreement. - Past rental performance does not guarantee future results, and bidders are encouraged to do their own due diligence.

Between the lines: - The offering is structured to appeal to both small buyers and investors seeking control of a larger share of the property. - The 50-50 revenue split and HOA-led management model may matter as much as location for bidders weighing cash flow against operational responsibility. - The 2026 revenue trend appears stronger for many units, with average nightly rates up at 13 of the 14 units and half of the units on pace to top their 2025 revenue, though future performance is not assured.

What's next: - Open houses are set for 4 to 6 p.m. on Sunday, Oct. 25; Monday, Oct. 26; Sunday, Nov. 1; and Monday, Nov. 2. - Units shown will vary by date, and private showings are available by appointment with the auction manager. - South Auction says the full information packet, unit photos, floor plan and auction terms are posted online. - South Auction, Inc. is headquartered in Swainsboro and also has offices in Statesboro and Adel, Georgia. - More information is available through South Auction or by phone at 478-455-1861.