Rare offering on Isle of Palms -could not be built today- an expansive 12 bedroom, 12 1/2 bath beachfront home, established as a grandfathered in, short term luxury rental that legally sleeps 29 people. This home commands high dollar rents & grosses $630k annually - 600k already pre-booked for 2017. Inherit this income & begin enjoyment of this outstanding & unique property. Features expansive ocean views, pool & spa, an abundance of living spaces, porches & balconies, all bedrooms w/ on suites, state of the art kitchen, an elevator w/ access to 3 flrs & high end finishes throughout. Immaculately maintained & managed, this home offers 5 star accommodation, with no detail spared or overlooked - & all convey, from furnishings to linens- this beach house & income property are offered turnkey.
Listing Date: 03-13-2017
Sold Date: 05-01-2018
Aprox Days on Market: 
1 Year(s), 1 month(s), 17 day(s)
Listing Sold: 
5 Year(s), 10 month(s), 28 day(s) ago
Original Asking Price: $5,975,000
Asking Price: $5,975,000
Selling Price: $5,500,000
Price Difference From Original:
Reduced By $475,000
Price Difference From Asking:
Reduced By $475,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Elevators
Halfbaths: 1
Fullbaths: 12
Levels: 3 Stories
Window Features: Storm Window(s)
Year Built: 1994
Floors: Stone, Wood
Rent Control: No
Misc Ext: Deck, Porch - Full Front
Pool Private: Yes
Pool Features: In Ground
Style: Traditional
Gar Pkg: 5 Car Garage
Garage: Yes
Attached Garage: No
Door Features: Storm Door(s)
Desclocation: Bedroom, Den, Gas Log, Great Room, Living Room
Interior Features: Elevator, Central Vacuum, Bonus, Great, Media, Office, Pantry, Study, Utility
Fireplace: Yes
Laundry Features: Laundry Room
Lot Size: 0.61
Lot Size Units: Acres
Acres: 0.61
Lot Sqft: 26571.6
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Spa Features: Hot Tub/Spa, Community
Property Type: A
Stories: 3
Foundation: Raised, Pillar/Post/Pier
Exterior: Cement Plank
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Beds: 12
Sold Date: 2018-05-01T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 7500
Water Source: Public
Heating: Yes
Heat: Forced Air
Water Sewer: Public Sewer
Cooling: Yes
Water Front Features: Beach Front
Waterfront: Yes
Courtesy of listing office Brand Name Real Estate