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914 Ocean Boulevard, Isle of Palms, SC, 29451 | $7,380,000
'Casa Banana' is a premier oceanfront investment property featuring six bedrooms and 7. 5 bathrooms, with a rare grandfathered rental license allowing overnight occupancy of up to 20 guests. With projected annual rental income of approximately $475, 000, this property stands out as a high-performing coastal asset. Enjoy sweeping ocean views and salt breezes from expansive porches and pool decks. Thoughtful upgrades include updated fixtures, a newly renovated private pool with two kiddie pools, an above-ground hot tub, spacious backyard, and private beach boardwalk access. A full-service elevator services all levels for added ease and accessibility. The recently renovated gourmet double kitchen is ideal for entertaining, featuring two sets of Sub-Zero refrigerator/freezers, granite countertops, and a total of four refrigerators. The main level also includes a billiards room with TV and full bath, plus a bedroom with a king and double bed. Upstairs, five additional bedrooms--most with ocean views--each offer private bathrooms and TVs. Ideally located on Isle of Palms' prestigious "Millionaires' Row, " this home is just steps from the beach, within walking distance to top restaurants and shops, and only 15 minutes from downtown Charleston.
Features
- Bedrooms: 6
- Baths: 7 full / 1 half
- Style: Traditional
- Development: 44 - Isle of Palms
- Year Built: 1998
- Garage: 5-car
- Heating: Electric, Forced Air
- Cooling: Central Air
- Approx Sq. Feet: 4,930
- Acreage: 0.7
- Lot Desc: .5 - 1 Acre, Ocean View
- Water Front: Yes
- Elem. School: Sullivans Island
- Middle School: Moultrie
- High School: Wando
- Pool: In Ground
- MLS#: 26009590
- Days on Market: 59 days
- Website: https://www.raveis.com
/eprop/26009590/914oceanboulevard_isleofpalms_sc?source=qrflyer
Listing courtesy of AgentOwned Realty Preferred Group
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
914 Ocean Boulevard, Isle of Palms, SC, 29451
$7,380,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $5,904,000 | $5,904,000 | $5,904,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $35,397 | $35,873 | $49,821 |
| Total Monthly Payment | $35,522 | $35,998 | $49,946 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484