Rare opportunity to purchase a 1 bedroom/1 bath condotel at Isle of Palms. The Palms Hotel has 68 guest rooms & was renovated in 2018. Owners can enjoy up to 28 days annually & collect income from hotel operations. 3 months regime fees are due at closing and are applied as working capital contribution. Buyers must sign a hotel management agreement with The Palms Hotel.
Listing Date: 03-03-2021
Sold Date: 04-16-2021
Aprox Days on Market: 
1 month(s), 12 day(s)
Listing Sold: 
3 Year(s), 9 day(s) ago
Original Asking Price: $379,000
Asking Price: $379,000
Selling Price: $379,000
Price Difference From Original:
Same as Original Price
Price Difference From Asking:
Same as Asking Price
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Elevators
Fullbaths: 1
Levels: One
Year Built: 2000
Floors: Laminate
Rent Control: No
Exterior Features: Balcony
Pool Private: Yes
Pool Features: Pool - Elevated
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Interior Features: Ceiling - Smooth, Wet Bar
Fireplace: No
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: Yes
Security Features: Fire Sprinkler System
Mobile Home Remains: Yes
Property Type: A
Stories: 1
Foundation: Raised
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Condo Regime
Beds: 1
Sold Date: 2021-04-16T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 414
Unit: 329
Water Source: Public
Utilities: Dominion Energy, IOP W/S Comm
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Salmonsen Realty