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Steeped in the rich history of Sullivan's Island and dating back to circa 1920, this charming island cottage presents a rare opportunity to own a piece of one of South Carolina's most treasured coastal communities. Nestled on an expansive lot along picturesque Myrtle Avenue, the property captures the timeless character and relaxed elegance that have made Sullivan's Island one of the Lowcountry's most coveted destinations. Records indicate the home was originally built in 1920 and sits on nearly one-half acre, offering exceptional space and potential in an increasingly rare setting. As it currently sits, the house consists of 2 bedrooms and 2 bathrooms, heart pine floors and modern kitchen amenities. Just a short stroll or golf cart ride brings you to miles of uncrowded Atlantic shoreline, charming local boutiques, acclaimed dining, and breathtaking sunsets over the Intracoastal Waterway. Located only minutes from Mount Pleasant and Historic Downtown Charleston, 2250 Myrtle Avenue offers the rare chance to own not only a home, but a lasting piece of Sullivan's Island's remarkable story.
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Our Executive Mortgage Banker:
$2,350,000
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 | $1,880,000 | $1,880,000 | $1,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,971 | $11,272 | $15,865 |
| Total Monthly Payment | $11,096 | $11,397 | $15,990 |
* 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.