Viewing Listing MLS# 21016494

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1126 Ocean Boulevard UNIT 120, 116, 320 Isle Of Palms, SC 29451

$480,000 | 3 beds | 3 full baths | N/A half baths | 975 sqft

$447,000

1126 Ocean Boulevard UNIT 120, 116, 320
Isle Of Palms, SC 29451

3Beds
3Full Baths
N/AHalf Baths
975SqFt
2000Year Built
0.00Acres

MLS# 21016494
Residential
Single Family Attached
Sold

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Approx Time on Market3 months, 5 days
AreaIsle of Palms
CountyCharleston
SubdivisionThe Palms Hotel

Overview

Now is the time to own 3 or more of the 68 rooms in the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for hotel rooms as part of Palms hotel. Owner must participate in hotel management agreement. Hotel was renovated in 2018. Bookings and revenue for 2021 appear on pace to be ahead of 2019. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Additional units available for possible bulk sale. Hotel rooms offered here are interior units NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and rooms.buyer to verify info deemed important, HOA, hotel management, taxes, expenses, income, etc. Taxes, hoa fees shown are based on current costs for 3 hotel rooms. Up to 11 rooms are potentially available

Sale Info

Listing Date: 06-18-2021

Sold Date: 09-24-2021

Aprox Days on Market:
3 month(s), 5 day(s)

Listing Sold:
2 Year(s), 6 month(s), 26 day(s) ago

Original Asking Price: $447,000

Asking Price: $480,000

Selling Price: $447,000

Price Difference From Original:
Same as Original Price

Price Difference From Asking:
Reduced By $33,000

Agriculture / Farm

Grazing Permits Forest Service: Yes

Grazing Permits Private: Yes

Grazing Permits Blm: Yes

Horse: No

Farm Credit Service Incl: Yes

Association Fees / Info

Community Features: Elevators

Bathroom Info

Fullbaths: 3

Building Info

Levels: 3 Stories

Year Built: 2000

Business Info

Rent Control: No

Buyer Compensation

Exterior Features

Pool Private: Yes

Pool Features: Pool - Elevated

Garage / Parking

Gar Pkg: Off Street

Garage: No

Attached Garage: No

Green / Env Info

Interior Features

Fireplace: No

Lot Info

Lot Desc: 1 - 2 Acres

Lot Size Units: Acres

Acres: 0.00

Irrigation Water Rights: Yes

Offer Compensation

Other

Mobile Home Remains: Yes

Property Info

Property Type: A

Stories: 3

Foundation: Raised

New Construction: No

Building Area Units: Square Feet

View: No

Home Warranty: Yes

Habitable Residence: Yes

Structure Type: Condo Regime

Room Info

Beds: 3

Sale / Lease Info

Sold Date: 2021-09-24T00:00:00

Lease Renewal Option: Yes

Lease Considered: Yes

Lease Assignable: Yes

Special Features

Sqft Info

Sqft: 975

Unit Info

Unit: 120, 116, 320

Utilities / Hvac

Water Source: Public

Utilities: Dominion Energy, IOP W/S Comm

Heating: Yes

Water Sewer: Public Sewer

Cooling: Yes

Waterfront / Water

Water Front Features: Beach Access, Beach Front

Waterfront: Yes

Schools

Elem: Sullivans Island

Middle: Moultrie

High: Wando

Directions

Front Beach Isle Of Palms To Palms Hotel - Hotel Does Not Have On Site Parking

Courtesy of listing office The Peninsula Company, LLC

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Price & Status History (on charlestonneighborhoods.com since Fri, Jun 18th 2021)

Original Price: $447,000
Current Price: $480,000
Price Increased: $33,000

Date Changed	From	To
09/27/2021	$447,000	$480,000 Increase by $33,000

Residential, Land, Other Disclaimer:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Realty ONE Group Coastal are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-19-2024 4:33 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 04-19-2024 4:33 PM EST est.