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Set on a generous . 23-acre corner lot in the heart of Old Mount Pleasant, 641 Palmetto Street offers something increasingly hard to find: newer construction with real architectural character. Built in 2023 with non-toxic materials and designed by locally admired architect Linda Balzac, this 3, 300+ SF stucco residence blends timeless design with a subtle Mediterranean influence--an elegant departure from the expected. Inside, the home is both beautiful and highly functional, with four bedrooms, upstairs flex space/second media room, a dedicated office, and three full baths. The main-level guest suite provides ideal privacy for visitors, while upstairs the primary suite feels like a retreat with heated bathroom floors, a private balcony, spa-like bath, and a custom-designed closet. Two additional bedrooms share a bath and connect to a hidden playroom tucked behind the closets, equal parts charm and practicality. The light-filled kitchen is a wonderful place to gather, featuring marble countertops, a custom-built island, custom cabinetry, a 48-inch chef's range with custom hood, and a beautifully finished walk-in pantry. Natural light pours into the adjoining dining space, where a new designer light fixture adds the fresh, elevated style today's buyers love. A dramatic EuroWall accordion door opens wide to the backyard, creating seamless indoor-outdoor flow and expanding the living space beautifully. Throughout the home, custom tilework in every bathroom and on both front and rear porches speaks to the level of craftsmanship and attention to detail. Outside, the oversized corner lot offers rare breathing room for Old Mount Pleasant, with mature landscaping, fruit-bearing trees, an organic garden with tomatoes, herbs, and vegetables ready for summer, and ample room for a large future pool. A side-entry attached garage, outdoor shower, mudroom, and laundry room add everyday convenience, while a whole-home generator capable of powering the property for up to two weeks provides valuable peace of mind. And then there is the location. Palmetto Street is one of Old Mount Pleasant's most beloved addresses, where daily life can be enjoyed on foot. From the front door, it is walkable to award-winning schools, the Charleston Harbor, Pitt Street Bridge, Shem Creek, Alhambra Hall and playground, a Michelin-starred restaurant, a beloved old-fashioned pharmacy with soda fountain, wine shop, and an array of charming local boutiques and retail. Quiet streets, mature trees, proximity to the water, and enduring neighborhood charm are all part of the appeal. Homes that offer recent construction, distinctive architecture, and this level of lot and location--within an X flood zone where flood insurance is not required--rarely come to market. 641 Palmetto Street is polished, distinctive, and move-in ready for summer. Golf cart included!!
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Our Executive Mortgage Banker:
$2,850,000
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 | $2,280,000 | $2,280,000 | $2,280,000 |
| 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 | $13,670 | $14,038 | $19,240 |
| Total Monthly Payment | $13,795 | $14,163 | $19,365 |
* 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.