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Welcome to 1578 Periwinkle Drive--an exceptional opportunity to own a newly built home in Mount Pleasant on a rare half-acre double lot with no HOA. Completed in 2024, this 5-bedroom, 3-bath home offers the ideal blend of modern construction and natural Lowcountry beauty, with a stunning live oak canopy, tidal creek views, and kayak access from your backyard. Currently operating as a furnished corporate rental, the property provides immediate income while you plan your future use--whether as a primary residence, second home, or private retreat. The second structure (1580 Periwinkle) creates a unique opportunity to customize a detached garage, maker studio, or custom outdoor living space including a pool--allowing you to truly design your refuge. Completed in 2024, this 5-bedroom, 3-bath home embodies coastal living with its raised floor design, drive-under garage, elevator ready and abundant storage--ideal for boats, gear, and Lowcountry living. Set beneath a stunning live oak canopy with tidal creek views and kayak access, the setting is both peaceful and functional. The main level offers a flexible and inviting layout, featuring a downstairs bedroom and full bathroom, along with a study/flex space that can serve as a fifth bedroom. The family room flows seamlessly into a spacious kitchen with an oversized island and breakfast nook, while the living area opens onto a large screened-in porch--perfect for indoor-outdoor living. Upstairs, the primary suite and two secondary bedrooms each include walk-in closets, complemented by a versatile loft space for additional living or workspace. The primary suite bathroom includes double sinks, tiled walk in shower and soaking tub which overlooks the grand oak canopy. The upstairs laundry room adds convenience with direct access through the primary walk-in closet. Located in unincorporated Charleston County with no HOA restrictions, this property offers flexibility rarely found, including space for hobbies, storage, or even backyard chickens. Ideal for buyers seeking a flexible live/work or retreat-style property, 1578 Periwinkle Drive offers both immediate value and long-term potential in one of the area's most desirable locations. For buyers considering part-time use, the property offers short-term rental flexibility consistent with local regulations for owner-occupied homes, allowing limited rental nights per year, with potential for expanded allowances through permitting. Live here full-time--or offset ownership with limited short-term rentals. Outdoor features have already been thoughtfully planned, including a gas line for grilling on the screened porch, 50-amp service under the home suitable for a hot tub, RV hookup, or workshop use, and ample space for boat storage. Ideal for buyers seeking a flexible live/work or retreat-style property, 1578 Periwinkle Drive offers both immediate value and long-term potential in one of the area's most desirable locations. The property also presents a strong opportunity for buyers considering a 1031 exchange or seeking a flexible investment with future personal use.
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Our Executive Mortgage Banker:
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,602 | $5,756 | $8,036 |
| Total Monthly Payment | $5,727 | $5,881 | $8,161 |
* 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.