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Rare opportunity to acquire Cole Island, a privately owned barrier island gracefully positioned at the confluence of the Folly River and Stono Inlet, just minutes from Folly Beach and historic Charleston. Encompassing approximately 300+/- acres of highland and marsh, this remarkable coastal sanctuary offers an extraordinary combination of natural beauty, privacy, historical significance, and long-term stewardship potential. Accessible only by boat via a short ride from the Folly Beach public landing or nearby marinas, the island unfolds through sweeping marsh vistas, navigable tidal creeks, protected shoreline, and a mature maritime forest shaded by centuries-old live oaks. Rich in American history, Cole Island is home to the remains of historic Fort Palmetto, originally constructed during the War of 1812, with layered ties to both the Revolutionary and Civil War eras. Largely preserved in its natural state, the island presents a compelling opportunity for conservation-minded ownership while allowing for thoughtful, low-impact experiential use. Existing activities have included guided excursions, kayaking along Cole Creek, and curated private gatherings that embrace the island's distinctive landscape and quiet seclusion. Cole Island may offer meaningful opportunities for conservation easements, estate planning strategies, and tax-advantaged ownership structures, all while preserving one of the Charleston coast's most irreplaceable land holdings. Buyers should verify any conservation, tax, or land-use considerations independently. One of the last privately held barrier islands in the Charleston market, Cole Island represents a truly rare legacy acquisition -- a place where history, ecology, and coastal beauty converge in a setting unlikely to be replicated.
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Our Executive Mortgage Banker:
$6,500,000
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 | $5,200,000 | $5,200,000 | $5,200,000 |
| 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 | $31,177 | $32,017 | $43,881 |
| Total Monthly Payment | $31,302 | $32,142 | $44,006 |
* 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.