Current Price:$1,450,000List Date:9/08/2022Last Modified:11/07/2022
Is this the one you've been waiting for? Excellent opportunity to acquire a Charleston Oceanfront Villas condo with impressive vacation rental income. Located near the center of the building on the first floor, it has amazing views from the kitchen, dining, primary bedroom, and living room. Both the primary bedroom and the living room have sliding doors that leads to the exterior covered balcony. Tile flooring throughout. The community has 2 lavish oceanside pools. This property is currently on a vacation rental program and is being sold fully furnished. The rental income (about $110,000.00 gross rental bookings so far in 2022) is exceptional and projected to be even better in 2023. The community has covered and open parking as well as 2 elevators.
Supplements: Check out the massive, reinforced seawall running the full length of the building. The flood zone for this community is "A"! Very low flood insurance!!! Best oceanfront community: Building is concrete & steel construction, massive seawall with 100 concrete pilings between the building and the beach, 2 large pools, gated & fenced, and short distance to Folly Beach Center Street. A moratorium for short term rental (STR) licenses is in place on Folly Beach but buyers are able to get STR licenses for homes that have an existing STR license (like this condo). Ask your agent about the petition restricting STR licenses and learn why buying this home may be your best chance to buy a Folly Beach home that you can legally rent short term.
More Information MLS# 22023583
Sub-Type: Single Family AttachedMLS List Date: 2022-09-08Status: ActiveList Price: $1,450,000Current Price: $1,450,000List Price/SqFt: 1111.11
Location, Tax & Legal
Tax Map #: 3281400245Street #: 201Street Name: ArcticStreet Suffix: AvenueUnit #: 114County: CharlestonState: SCZip Code: 29439Area: 22 - Folly Beach to Battery IslandTax District: 33 - City of Folly BeachSubdivision: Charleston Oceanfront VillasElementary School: James IslandMiddle School: Camp RoadHigh School: James Island CharterLegal Description: APT 114 PHASE IIDirections: Center Street turn right on W Arctic. Charleston Oceanfront Villas is on the left - gated community - need a fob
Listing Office: Carolina One Real Estate Folly Beach
Last Updated: November - 07 - 2022
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