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Fully rebuilt in 2024 on a 17, 300 square foot lot, 730 Melrose Drive offers a rare combination of modern design, flexibility, and outdoor living in the heart of West Ashley. Completely taken down to the studs and rebuilt in 2024, this 3-bedroom, 3-bathroom home delivers true peace of mind with all new systems, including roof, plumbing, updated electrical service and panel, HVAC, tankless water heater, windows, and finishes, providing the feel, quality, and efficiency of new construction. Built with durability and efficiency in mind, the home features solid CMU construction and JELD-WEN windows, filling the space with natural light while enhancing long-term value. Inside, the layout offers hardwood flooring, updated lighting, and a cozy wood-burning fireplace. The home is finished with solid-core interior doors and elevated materials throughout, reflecting a level of craftsmanship rarely found in comparable homes. One of the standout features is the flexibility of the layout, including two primary bedroom suites with private baths and walk-in closets--ideal for guests, multi-generational living, or a private primary retreat. In addition to the three-bedroom, three-bath layout, there is a dedicated office or flex space, ideal for today's work-from-home lifestyle. The bathrooms are finished to a high level, featuring tile-to-ceiling showers, frameless glass enclosures, built-in niches, and rain shower heads, along with double vanities in both primary suites. Step outside and the lifestyle continues. Set on an expansive 17, 300 square foot lot, the backyard is a true extension of the home. The oversized deck and custom-built pergola create a natural setting for entertaining, outdoor dining, or unwinding at the end of the day, complete with lighting that enhances the space into the evening. A separate fire pit area sits beneath a beautiful live oak, adding character and a true sense of place, while a covered firewood storage area adds practical convenience. The width and usability of the lot provide space to spread out now, with room for future additions such as a garage. The fully fenced backyard adds privacy and functionality, while custom cedar screening discreetly conceals HVAC equipment and trash areas for a clean, polished look. Hardwired flood lighting further enhances both usability and security. Adding even more versatility is the detached flex space with western red cedar siding, insulation, 220 power, and a garage door--ideal as a workshop, studio, gym, home office, or flexible storage space. With no HOA, the property offers an added level of freedom and flexibility that is increasingly hard to find in this price point and location, with room for boat, RV, or camper parking. Located just off Savannah Highway and just minutes from Avondale, this home offers exceptional convenience with easy access to downtown Charleston in approximately 15 minutes, along with quick connections to I-526, I-26, shopping, dining, and everyday conveniences. Opportunities like this--fully rebuilt with this level of finish, outdoor space, and flexibility--rarely come available at this price point in West Ashley with this level of finish and outdoor space.
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Our Executive Mortgage Banker:
Our Insurance Division:
$629,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $503,920 | $503,920 | $503,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,103 | $3,227 | $4,218 |
| Total Monthly Payment | $3,195 | $3,319 | $4,310 |
* 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.