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With ocean views, a resort-style backyard, and projected rental income of up to $500, 000 annually, this beautifully renovated second-row Isle of Palms estate offers an exceptional opportunity to own a premier coastal property. Set on a beautifully landscaped homesite just steps from the beach, the residence features seven bedrooms and a grandfathered rental license allowing up to 19 guests--making it equally compelling as a luxury retreat or high-performing investment. Spanning approximately 4, 700 square feet, the home is complemented by nearly 1, 000 square feet of covered porches and decks designed to capture ocean breezes and outdoor living. Recently renovated and thoughtfully redecorated, the property is offered fully furnished, creating a seamless, turnkey ownership experience. A reverse floor plan maximizes natural light and ocean views, with the main living spaces located on the upper level. The open-concept living room, anchored by a gas fireplace, flows effortlessly onto a large covered porch overlooking the ocean. The chef's kitchen features premium appliances and a generous island with seating for six, while the adjacent dining room - surrounded by windows on three sides and accented by a vaulted ceiling - enjoys sweeping coastal views. One of two primary suites is located on this level and includes a private sitting area and a spa-inspired bath with freestanding soaking tub, expansive walk-in shower, dual vanities, and generous closet space. The first floor offers the second primary suite along with three additional guest bedrooms and a secondary living area, providing comfortable accommodations for family and guests. A large front porch welcomes visitors and offers a relaxed setting to enjoy ocean breezes and the distant sound of the surf. On the top level, two additional bedrooms flank a spacious game and media room. Sliding doors open to a large deck with panoramic ocean views, creating a private retreat above the home. The backyard is designed as a true private resort. A heated 15' x 30' pool with spa and water feature anchors the space, surrounded by an expansive pool deck. A fire pit gathering area, covered lounge witting area, and ample space for alfresco dining make the outdoor living experience ideal for both relaxation and entertaining. Artificial turf and lush landscaping complete the beautifully designed setting, while a full bath conveniently serves the pool area. Additional features include a two-car garage with generous space for parking and storage. Combining thoughtful design, exceptional outdoor living, and strong rental potential, this Isle of Palms estate represents a rare opportunity in one of the Lowcountry's most desirable beachfront communities.
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Our Executive Mortgage Banker:
$4,750,000
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 | $3,800,000 | $3,800,000 | $3,800,000 |
| 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 | 6.368% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,783 | $23,397 | $32,067 |
| Total Monthly Payment | $22,908 | $23,522 | $32,192 |
* 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.