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35 Mariners Cay is a waterfront condo with stunning Folly River views & relaxed coastal living. Located on the 2nd floor, this 2 story, 2 bedroom, 2. 5 bath residence features a light filled sunroom where you can enjoy water & marina views, coastal breezes, & stunning sunsets. The property has seen several significant updates in recent years. In 2022, improvements included a new HVAC system & water heater. In 2024, major exterior updates were completed including a new roof, windows, exterior & sun porch doors, cement plank siding, porches, plumbing beneath the building plus most of popcorn ceiling was removed. Other first floor interior improvements included removal of fireplace, new LVP flooring, added sunroom & large sliders that open up the stunning view. The gated community of Mariners Cay is minutes from Folly Beach a vibrant, eclectic barrier island, famous for its laid-back surf culture & only ~9 miles to downtown Charleston. Community amenities include pool, tennis and pickleball courts, community dock, boat ramp, and onsite boat storage. Boat slips may also become available for separate purchase. The unit includes assigned parking for one vehicle, along with additional parking for a second vehicle and guests. The Mariners Cay HOA coverage includes building and flood insurance, exterior maintenance, pest control and termite bond, water and sewer, landscaping, and onsite property management. Whether you're looking for a primary residence or a vacation getaway this condo offers a great combination of waterfront views, amenities, and easy coastal living.
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Our Executive Mortgage Banker:
$559,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $447,200 | $447,200 | $447,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,753 | $2,824 | $3,714 |
| Total Monthly Payment | $2,845 | $2,916 | $3,806 |
* 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.