2603 Palm Boulevard, Isle Of Palms, SC 29451

$1,850,000
5
BD
5.5
BA
4,399
SqFt
Sold Price
$1,850,000
List Price
$1,999,000
Status
Closed
MLS#
20011662
Closing Date
Jul 31, 2020
Year Built
2007
Style
Traditional
Living Area
4,399
Bedrooms
5
Bathrooms
5.5
Full-baths
4
Half-baths
2
Master Bedroom
Ceiling Fan(s), Dual Masters, Walk-In Closet(s)
Acres
0.25

Property Description

Experience island living at its finest at 2603 Palm Boulevard. OCEAN VIEWS, great details and space, and sold fully-furnished! $289,000 reservations 2018-2019. As of 2/1/2020 - $35,000 ahead in booked rentals than the same period last year. Walk to the beach, jump in the pool, relax in the hot tub, take in the views and breezes from the full front porches and rooftop deck, or do them all day or night! Two master bedrooms suites, one on each level, both complete with jacuzzi tubs, separate showers, and walk-in closets. The large living room flows through double mahogany doors to the long front porch with ocean views, and provides access to a side deck with staircase to the top deck with panoramic views of the island. Great value on IOP for less than $2million with established rentals!The Kitchen is open with granite countertops, stainless appliances, large center island with gas cook top, breakfast bar, and glass-front cabinets. There are 4 bedrooms on the first/lower level along with an extra den/game room complete with wet bar and easy access to the pool deck and hot tub. Beach access path is DIRECTLY across the street. Other features include: elevator from garage to both living floors, 2 tankless hot water heaters, lawn irrigation, landscape lighting, a half-bath on each floor for convenience, wired for surround sound and wireless internet, gas line for grilling, outdoor shower, crown molding and woodwork, Australian cypress hardwood floors in living areas, hallways, and bedrooms. New LED lights, new filter and salt system for the pool in 2019. Both HVAC systems including air handlers new in April 2019. 18-person occupancy with parking allowance for 8 cars, and the City of IOP says rental occupancy is transferable to the new owner! 14-person rental projection of $165,000/year is available. This home is about 2 blocks from the Isle of Palms Recreation Center which features indoor and outdoor basketball courts, dog park, tennis, softball and baseball fields, recreational classes, fitness room, and play park. Sold fully-furnished and subject to tenants' rights. *Already completely booked with summer 2020 rentals! Come see 2603 Palm, everything one would want in luxury beach living. *A $6,600 Lender Credit is available and will be applied towards the buyer's closing costs and pre-paids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.

Additional Information

Levels
Two
Lot Description
Level
Interior Features
Ceiling - Smooth, Tray Ceiling(s), Elevator, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Entrance Foyer, Game, Great, Living/Dining Combo, Pantry
Construction
Cement Plank
Floors
Ceramic Tile, Wood
Roof
Architectural
Heating
Heat Pump
Exterior Features
Lawn Irrigation
Foundation
Raised
Parking
4 Car Garage, Attached, Off Street, Garage Door Opener
Elementary School
Sullivans Island
Middle School
Moultrie
High School
Wando

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Charles R. Hamrick from Listing Office: Carolina One Real Estate. 843-779-8660

Selling Office: Keller Williams Realty Charleston.