Bought with William Means Real Estate, LLC
$2,500,000
$2,650,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
3,596 SqFt
SOLD DATE : 04/02/2021
Key Details
Sold Price $2,500,000
Property Type Other Types
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,596 sqft
Price per Sqft $695
Subdivision Folly Beach
MLS Listing ID 21004993
Sold Date 04/02/21
Bedrooms 7
Full Baths 5
Year Built 1975
Lot Size 0.360 Acres
Acres 0.36
Property Description
Incredible opportunity to buy TWO oceanfront lots! Both lots are 52'x150' and are a real deal for $1,375,000.00 each. Even better, there is an existing structure that has 4 apartments with long term renters (month to month). The structure is dated and has needs TLC. The list price reflects the value of the lots but imagine the potential rental income of a 4-plex on the ocean. The 50% rule would be in effect for any improvements (no money has been spent towards the 50%). No problem building on these lots because the zoning rule of a 40' setback from the baseline still leaves plenty of room to build. Don't forget to take a look at the massive seawall near the dunes.
Location
State SC
County Charleston
Area 22 - Folly Beach To Battery Island
Interior
Interior Features Ceiling - Smooth, Living/Dining Combo
Heating Electric
Cooling Window Unit(s)
Exterior
Exterior Feature Balcony, Stoop
Waterfront Description Beach Front
Roof Type Asphalt
Porch Deck
Building
Lot Description 0 - .5 Acre, High
Story 2
Foundation Slab
Sewer Septic Tank
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Schools
Elementary Schools James Island
Middle Schools Camp Road
High Schools James Island Charter
Others
Financing Cash
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