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This sale includes both 525 and 529 Two Mile Run, totaling . 59 acres on Grimball Creek with direct access to the Stono River. Located in the gated waterfront community of Grimball Gates on Johns Island, this impeccably maintained home offers an incredible opportunity for those seeking the ultimate Lowcountry lifestyle. The vacant lot at 525 offers creek access with a short dock with boat-lift, water and electrical and is bordered on one side by a pond, providing additional privacy. Immediately adjacent, the house boasts a spacious downstairs primary suite, kitchen with new appliances and walk-in pantry, formal dining room, powder room and a large laundry room; in addition to a massive screened porch with full outdoor kitchen that would make any chef jealous. With plenty of room for large dinners al fresco overlooking the creek or a quiet place to sit and read a book, this porch is perfection. Upstairs, there are three additional bedrooms, one with an ensuite bathroom, an additional hall bathroom, bonus room as well as a bright sunroom offering incredible Grimball Island and Stono River views. The garage has room for up to four vehicles or space for the golf cart, boat, workshop and a separate room previously used as a home gym. Additional improvements include a new roof in 2024, fresh paint throughout the interior, plantation shutters throughout, a whole house water filtration system, brand new range and dishwasher, and refinished hardwood floors throughout. See list in documents section for more details. The Grimball Gates neighborhood offers a community deep water dock on the Stono River, boat storage, a picnic area and pavilion for resident use, as well as walking trails with picturesque Lowcountry views.
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Our Executive Mortgage Banker:
$1,625,000
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 | $1,300,000 | $1,300,000 | $1,300,000 |
| 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% | 6.203% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,586 | $7,899 | $10,970 |
| Total Monthly Payment | $7,711 | $8,024 | $11,095 |
* 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.