Folly Beach, SC 29439
- 3Beds
- 2Full Baths
- N/AHalf Baths
- 1,000SqFt
- 1962Year Built
- 0.48Acres
- MLS# 22009440
- Residential
- Single Family Detached
- Sold
- Approx Time on Market8 months, 6 days
- AreaFolly Beach
- CountyCharleston
- SubdivisionFolly Beach
Overview
Estimated Annual Rental Income = $540,800.00 from new build. (2 TMS #'s for 1 home = closer & larger build area). Suggestion: Tear down small cottage and build your Dream Home or a 5BR/5.5 BA Vacation Rental (Rendering photos shown). This property is one of the few double oceanfront lots that has plenty of build area for a large new home with a raised oceanside pool. The current 3 BR/2 BA home is on a vacation rental program with a strong rental history & upcoming bookings throughout 2022. See documents. OWNER/AGENT
Sale Info
Listing Date: 04-15-2022
Sold Date: 12-22-2022
Aprox Days on Market: 
8 month(s), 6 day(s)
Listing Sold: 
1 Year(s), 3 month(s), 29 day(s) ago
Original Asking Price: $2,495,000
Asking Price: $2,250,000
Selling Price: $2,000,000
Price Difference From Original:
Reduced By $495,000
Price Difference From Asking:
Reduced By $250,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Fullbaths: 2
Building Info
Levels: One
Window Features: Window Treatments
Year Built: 1962
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Misc Ext: Deck, Patio
Pool Private: No
Style: Cottage
Garage / Parking
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Green / Env Info
Interior Features
Interior Features: Ceiling - Smooth, Eat-in Kitchen, Living/Dining Combo
Fireplace: No
Laundry Features: Laundry Room
Lot Info
Lot Size: 0.48
Lot Desc: 0 - .5 Acre, High
Lot Size Units: Acres
Acres: 0.48
Lot Sqft: 20908.8
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: A
Stories: 1
Foundation: Crawl Space
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Room Info
Beds: 3
Room Master Bedroom Level: Lower
Sale / Lease Info
Sold Date: 2022-12-22T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Special Features
Sqft Info
Sqft: 1000
Unit Info
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Electric, Heat Pump
Water Sewer: Septic Tank
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Water Front Features: Beach Access, Beach Front
Waterfront: Yes
Directions
James Island/folly Road Becomes Center Street On Folly Beach. At The Traffic Light Turn Left Onto E. Ashley. Approx 2 Miles On The Right (ocean Side) Is 1689 E Ashley Avenue, Folly Beach, Sc. 29439Courtesy of listing office Dunes Commercial Properties