Page 12 - Al Brown Newsletter

Through
Years
SEA ISLAND, GEORGIA REAL ESTATE

the

1927: Addison 1928: October. The Cloister opens. 1987: The stock market crashes on
Mizner, the December. The Christmas visit to October 19th. Black Monday. The Dow
1926: July 15. Howard most noted The Cloister by President Calvin drops 22.6%. This October event made
Coffin purchases architect Coolidge, a sitting president of it apparent that maybe Sea Island real
“Long Island, later to of the day, the United States, puts Sea Island estate was safer than the stock market.
change the name to is hired to in newspapers across the country Our market didn’t miss a beat that year.
Sea Island. Purchased: design The and gives the Island its first big If anything, it reflected favorably on the
$349,485.17. Cloister. dose of widespread publicity. stability of real estate here.

1926 1927 1928 1930 1973 1986 1987 1995 2001 2004 2006 2007 2008 2009 2010 2016 2020 2021 2022

1930: August 1. Bobby 1986: The million-dollar
Jones plays Seaside 1973-1979: barrier is broken. In
between his third and Introduction March, a sales contract
fourth victories of his of 44 is executed for Cottage
Grand Slam, declaring condominiums 57, the original Eugene
the course to be “one on Sea Island O’Neill home on the
of the best I’ve seen.” (River Club) in ocean for $1,350,000.
He continued to return 3 phases. In June, a marsh front
to Sea Island through home on 12th Street,
the ‘30s to play its Cottage 417, is sold for
courses. $1,012,500.

Photo courtesy of the Coastal Georgia Historical Society.
12