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Set on a full half-acre street-to-street lot stretching from I'On Avenue to Middle Street, this property represents one of the more compelling land opportunities currently available on Sullivan's Island. Parcels of this scale and configuration are increasingly rare--offering both presence and flexibility in a way that is difficult to replicate. The lot itself is a standout. With minimal tree coverage through the primary building envelope and live oaks largely framing the perimeter, the site allows for a far more efficient and expansive footprint than typically found on the island. Importantly, there are no significant tree restrictions that would limit the ability to design a home with a majority of living on the first floor--an increasingly sought-after feature for both primary and second-home owners. The existing six-bedroom home spans the property with a layout designed for gathering, featuring multiple living spaces and a large wraparound screened porch that captures the ocean breeze beneath a canopy of oaks and palms. An open-concept main living area flows into an oversized dining space, while the kitchen connects seamlessly to the home's indoor and outdoor entertaining areas. A privately positioned owner's suite--added to the rear of the home--offers separation from guest rooms, complete with a spacious bath and generous closet. Elevator access to the main level adds ease, and the floor plan remains both functional and adaptable. Notably, the home is not on the historic register, further enhancing the long-term flexibility and optionality of the property. Just a short walk to one of Sullivan's Island's most beloved beach accesses, this is a rare opportunity to secure a premier lot with scale, depth, and design potential--whether enjoyed as-is or reimagined over time.
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Our Executive Mortgage Banker:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,563 | $17,013 | $23,628 |
| Total Monthly Payment | $16,688 | $17,138 | $23,753 |
* 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.