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Luxury New Construction on Folly Beach's Coveted West End! Discover the perfect blend of coastal serenity and modern luxury with this stunning new construction home, ideally located on Folly's peaceful West Beach. Just steps from the 6th beach access, this prime location offers ocean and river breezes without the bustle of through traffic--an exceptional retreat for those seeking a dream home by the sea. Expertly designed by Charleston's renowned Foster Calvin Development, this proposed construction is tailored for the discerning buyer and can break ground as soon as the perfect owner is found. Inside, you'll find four spacious ensuite bedrooms, each featuring a walk-in closet, ensuring privacy and comfort for every guest. Two of the guest rooms are primary suites with private verandas, offering a secluded escape. The open-concept chef's kitchen and great room provide the ideal space for gathering and entertaining, while a second-floor family room offers additional room for relaxation. Designed for effortless living, the home includes an elevator to two levels. The rooftop terrace is designed to embrace potential ocean and sunset views. The drive-under garage offers ample storage for vehicles and beach gear, while the option to add a private pool enhances the home's resort-like appeal. Perfect as a primary residence, a lock-and-leave vacation home, or a high-performing rental investment, this luxury build offers a rare opportunity to own a custom-crafted retreat on Folly Beach. Plans are subject to approval and permitting, but with builder Ryan Mitchell of Foster Calvin Development at the helm, the process is set to move swiftly. Serious buyers can explore customizations. Images shown are for illustrative purposes only and represent a proposed construction concept for the property. Actual design, features, and finishes may vary. Don't miss this chance to own a one-of-a-kind luxury coastal homereach out today for details!
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Our Executive Mortgage Banker:
$2,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,490 | $11,967 | $16,709 |
| Total Monthly Payment | $11,615 | $12,092 | $16,834 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.