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Third Floor - top floor - 3B -AquamarineHighest elevation in the building with panoramic water views and nonstop coastal light. Set directly on the ocean at 115 E Arctic Avenue, these Luxury beachfront condos offer front-row views of the Atlantic and the Folly Beach Pier--sunrises included, alarm clock optional. Floor-to-ceiling light, expansive porches, and uninterrupted ocean views make every level feel connected to the water. Each residence is turnkey and fully furnished, with everything conveying at closing. Thoughtfully maintained and move-in ready, these homes are ideal for full-time living, a second home, or a long-term coastal retreat. Interiors are bright, comfortable, and designed for easy beach living--bare feet encouraged. A unique feature of the building is the interior connection between Unit A and Unit B on each floor, allowing a buyer to combine two residences into a spacious four-bedroom home. Purchase oneor pair two togetherfor flexibility that's rarely available oceanfront. Currently operating as short-term rentals, buyers should note that STR licenses do not transfer with sale. These residences are best suited for primary or secondary use, with future rental potential subject to town regulations. Steps from the sand, moments from Center Street, and positioned directly on one of Folly's most iconic stretches of beachthis is oceanfront living with options.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$935,000
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 | $748,000 | $748,000 | $748,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.259% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,365 | $4,545 | $6,312 |
| Total Monthly Payment | $4,457 | $4,637 | $6,404 |
* 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.