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''Rare marsh-front sanctuary on private Fripp Island. This turnkey 4BR/3BA home offers 5 covered decks with sweeping marsh views, a proven short-term rental track record, and strong income potential. Seller also owns adjacent half-acre marsh-front lot (MLS # 193804) available separately or as part of a combined estate purchase — a rare opportunity for expanded privacy. '' Offered tastefully furnished this home includes everything needed for effortless island living - just bring your suitcase. A short golf cart ride provides the perfect way to reach resort facilities. Fripp Island Resort membership required ($35k one-time initiation + annual dues) for access to beach club, golf, marina, and all amenities. Short term rental listing income available for serious investors upon request. Featured on FOX'S AMERICAN DREAM HOME, this is truly an exceptional opportunity to own a gorgeous coastal dream home, and if desired, also purchase the optional adjacent half acre marsh front lot. A rare chance to create your own footprint for expansion, investment or simply added privacy. All bedrooms have access to their own private covered decks, some perfect for sipping early morning coffee while experiencing glorious sunrises and panoramic views. With a desirable, bright and spacious open floor plan this wonderful home features two living areas, a dining area and a gorgeous kitchen with stainless steel appliances and granite counters. Other notable upgrades include oak flooring downstairs and crown molding. A cosy gas fireplace in the sitting room is the perfect spot to relax especially in the cooler weather. The interior and exterior furnishings were updated in 2022 and this fully equipped home contains everything you need for your own personal use or for placing on the property rental market. Included in the sale are two golf carts, two kayaks, golf cart trailer for kayaks, bicycles, beach cart, grill, beach chairs, games and so much more. Centrally located 362 Speckled Trout Rd is just a short golf cart ride away from all of Fripp's fabulous amenities including two golf courses, beach clubs, pools, tennis and pickle ball courts, restaurants, marina, and walking trails. A one time Initiation contribution and annual membership is required for use of resort club amenities. This home is currently on the rental market and has been growing successfully year over year during current ownership. This is a home you can't wait to visit and will surely hate to leave.
This information is deemed reliable, but not guaranteed. Neither the Lowcountry Regional MLS, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is for use by its members and is not intended for use for any other purpose. Source: LowCountry Regional MLS
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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 | $1,220,000 | $1,220,000 | $1,220,000 |
| 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% | 6.121% | 5.979% |
| Monthly Tax Payment | $1,489 | $1,489 | $1,489 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,927 | $7,315 | $10,131 |
| Total Monthly Payment | $8,541 | $8,929 | $11,745 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.