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Welcome to 510 Traders Alley, easily one of the largest and rarest deep water offerings ever presented in south Mt Pleasant. This magnificent waterfront estate in the Reserve in Olde Park is tucked on a quiet cul-de-sac on a peninsula with one of the most extraordinary backdrops in the Low Country. The property at its core is all about panoramic water views, an abundance of privacy, and effortless access to everything Charleston has to offer by water or land. 510 Traders Alley is set on 3. 47 acres along Hobcaw Creek, the home offers true deep water access at all tides from a private dock complete with a boat lift, a covered pier head, and a floating dock--an increasingly rare offering in the Charleston market. The property has nearly ¾ of an acre of high ground with elevated marsh frontage from approximately 200 degrees of views providing stunning sunrises and sunsets across the marsh with some of the most serene bird watching in the area. Built in 2002, this 5, 745 sq ft brick estate was designed for both comfortable living and elevated entertaining. A brick driveway leads to the attached 2-car garage, while inside, 10 foot ceilings, plantation shutters, and thoughtful millwork set the tone. The heart of the home is the eat-in kitchen with Viking gas range, flowing seamlessly into casual and formal spaces including an eat-in kitchen and formal dining room made for gathering. The living room is set at the center of the home with a great fireplace and stunning views and access to arguably one of the best porches and back yards in the region overlooking your own dock and the surrounding marsh in both directions. The master suite on the main level also features porch access, dual spacious walk-in closets, and serene views and a large primary bath with privacy and even further views from your soaking tub. With 4 bedrooms, 4. 5 bathrooms, and generous living areas throughout, it's a true entertainer's paradise. Bonus features include a large laundry room, abundant storage, a large finished room over the garage, a large living room upstairs with an additional porch with marsh views. The property certainly has the ability to add on even further to expand the living or outdoor areas if so desired. Olde Park is perfectly located in south Mt Pleasant next to the community of Ion as you have the ability to walk, bike, and golf cart into Ion Village and Hobcaw through the side streets that interconnect all these communities along the creek. Olde Park is a rare community that offers incredible estate sized lots as well as estate sized houses with neighboring residences spanning over 10, 000 square feet. It is clear the community association balances modern luxury and low country elegance expertly as proven when driving in past the gorgeous homes set along the manicured walking trails and professionally landscaped communal spaces. The location cant be understated situated with close proximity (just 10 minutes) to downtown Charleston, the airport, and the beaches of Sullivan's Island and Isle of Palms while enjoying all the shops and restaurants Mt Pleasant has to offer. Whether you're sipping coffee on the porch or heading out for a sunset cruise, this home offers a rare blend of acreage, deep water access, privacy, and timeless construction - all in a location that defines Low country living.
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Our Executive Mortgage Banker:
$8,250,000
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 | $6,600,000 | $6,600,000 | $6,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.349% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $39,570 | $40,637 | $55,695 |
| Total Monthly Payment | $39,695 | $40,762 | $55,820 |
* 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.