1611 E Ashley Avenue, Folly Beach, SC, 29439 | $3,465,000

One-of-a-Kind Oceanfront Estate OpportunityThis is one of the only homesites in the Charleston area to capture both sunrise over the Atlantic and sunset across the marsh and river, a unique dual perspective that defines this property. With no homes directly in front or behind, the setting offers uninterrupted ocean views and serene marsh vistas. Opportunities like this have not surfaced in decades. Spanning an extraordinary 100 feet of direct ocean frontage - a full lot and a half where most parcels measure just 70 feet - this exceptional homesite allows for an estate-scale residence, with enhanced privacy and more favorable setbacks than typical beachfront lots. The property is thoughtfully improved and ready for your vision. A 60-foot seawall with wing walls (approximately five years old), along with an additional interior retaining wall, provides reinforced protection. The gated entrance with illuminated pillars, established driveway and parking, and existing landscaping, including mature palms, add both presence and value. A partial beach walkover is in place, and an underground irrigation system is ready to be revived. The owners' previous home had 360 degree views of the River and the Ocean, including the lighthouses, the Ravenel Bridge, James Island, Kiawah, and even all of the fourth of July firework shows around town. Ideally located on the quieter stretch of the island, approximately 2. 5 miles from Center Street, you'll enjoy both seclusion and convenience. Walk or bike to the Washout for some of the best surfing on the East Coast, or head into town for Folly's vibrant mix of restaurants, shops, and coastal charm. Explore nearby amenities including the county park, tennis and pickle ball courts, fishing pier, boat landing, and miles of waterways perfect for boating, kayaking and paddleboarding. A scenic walk brings you to the iconic Morris Island Lighthouse, while historic downtown Charleston is just a short drive away. Cleared and primed for construction, this 100 foot oceanfront homesite presents a generational opportunity to create a legacy property in one of the Lowcountry's most sought-after beach communities. A setting this rare, with this scale and perspective, is simply unmatched.

Features

  • Amenities: Boat Ramp, Marina, Walk/Jog Trails
  • Zoning: Residential
  • Lot Size: 100 x 150
  • Development: 22 - Folly Beach to Battery Island
  • Lot Desc: Marshview, Ocean View, Riverview
  • Water Front: Yes
  • Elem. School: James Island
  • Middle School: Camp Road
  • High School: James Island Charter
  • MLS#: 26009831
  • Days on Market: 41 days
  • Website: https://www.raveis.com
    /prop/26009831/1611eashleyavenue_follybeach_sc?source=qrflyer
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Listing courtesy of Daniel Ravenel Sotheby's International Realty

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1611 E Ashley Avenue, Folly Beach, SC, 29439

$3,465,000

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 $2,772,000 $2,772,000 $2,772,000
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 6.362% 6.361% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,620 $17,068 $23,392
Total Monthly Payment $16,745 $17,193 $23,517

* 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.