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CONSTRUCTION IS ALMOST COMPLETE AND PROGRESS PHOTOS WILL BE UPDATED WEEKLY. - This is a golden opportunity to own the most iconic property on Sullivan's Island in over 30 years with arguably the best views from any property in all of the Charleston area! This brand new and almost completed house has sweeping, panoramic views of the Atlantic Ocean, Breach Inlet, and the southern tip of the Isle of Palms! You will be able to relax on any of the multiple decks to enjoy the never-ending ocean breeze and sunrises, or you can take just a few short steps down to what is essentially your own private beach! If you are feeling a little bit more adventurous, you can take the short SUP paddle out to the sandbar at low tide! Obviously, this inlet point property itself is simply fantastic, and the refortified rip-rap seawall is invaluable in the sense that if you don't currently have a seawall, you can't get one! In addition to the seawall revetment that currently exists, there were an additional 90 tons of new rock added on top of what was already there. And furthermore, the new home that has been designed for this property is a masterpiece of design and foresight, and it has incredible views from every room including the primary suite, living room, dining room, pool area, and the kitchen that will have walls of glass that open onto the decks for true indoor/outdoor living. The upstairs guest rooms and office also have great views and decks, and the ground level has plenty of space for storage, parking, and covered patio areas to lounge and dine around the pool with infinity spa overlooking the Atlantic. The home construction is expected to be completed by mid-January 2026, but a buyer may still have some time to pick a few of the finishes if they want to add their own personal touch. Along with the high level of construction and the unbelievable setting, this property is tucked into the lot providing maximum seclusion with three sides of ocean providing the ultimate sense of privacy. This is going to be one of the most incredibly finished properties on the East Coast, so don't wait to own a truly iconic piece of Sullivan's Island with the best views anywhere around!
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Our Executive Mortgage Banker:
$15,795,000
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 | $12,636,000 | $12,636,000 | $12,636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $71,746 | $75,759 | $104,931 |
| Total Monthly Payment | $71,871 | $75,884 | $105,056 |
* 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.