5508 Palm Boulevard, Isle of Palms, SC 29451

$3,650,000
Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 4,795 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $3,650,000 List Date: 1/20/2024 Last Modified: 3/25/2024

Description

Coastal Elegance abounds in this elevated Beach House that's less than 100 yards to the white sand beaches of Isle of Palms & Wild Dunes. The tree-lined access path to the beach is located directly behind the home. No need to worry about crossing streets or dealing with traffic! The Short-Term Rental Permit has been Grandfathered in to sleep up to 20. This home is ideal for a large family and/or as a Vacation Rental investment property. In fact, the Proforma (rental income) is projected to generate over $275,000. This eight-bedroom, seven-bath home has something for everyone including your own Rooftop Deck. Elevated Saltwater Pool shaded by the deck above, Medical Sauna, private Chipping & Putting Green, Media Room, Outdoor Shower and climate controlled Workshop and Fitness rooms. With a

Supplements: plethora of entertainment spaces and 1000sf of decking and screened in porches, choices abound for you to find your own quiet nook to cozy up with your favorite book...or maybe even your favorite person. 😉 Set among towering oak and palm trees there is a drive thru driveway in the front of the home with access to the three car garage and the new three-level elevator. Entering the home thru the front door on the second level porch, you'll discover a two-story foyer that highlights the creative genious of the Reverse Floor Plan, also known as, an Upside Down House. The lower level provides five beautifully appointed bedrooms and four bathrooms including the Primary Suite, Renovated Primary bath with luxurious standing shower and dual vanities, the laundry room, access to the saltwater pool and plenty of covered porch retreat space. Traveling up the wide-plank stairs, you'll reach the sun-drenched, open floor plan where the living room (w/remote controlled blinds), dining room and chef's kitchen all flow together. The kitchen is adorned with a SubZero refrigerator, Wolf gas cooktop, granite countertops, SS appliances, two dishwashers, two ovens, and a whole house water filtration system. Two additional guestrooms/office, the media room, three full bathrooms, additional covered decking and access to the rooftop deck completes this upper level. Nine foot high ceilings and gleaming brazilian cherry hardwood floors throughout the home welcomes you to your newest favorite Happy Place! But, wait! There's more! Easily ascend the exterior deck stairs from the upper level to the Rooftop Deck where you'll enjoy spectacular sunrises and stunning sunsets, So many memories to hold for a lifetime! Isle of Palms is a barrier island and vacation destination located just a few miles from historic Charleston. It has easy access to the IOP stores and beaches, Sullivan's Island, Mount Pleasant, Charleston, the airport, and restaurants galore from Fine Dining to Casual Fare. Golf, Tennis & Pool amenities are available for a fee through the IOP Recreation Department and the Wild Dunes Resort. See PDF under Documents to view the list of the many Notable Improvements and recently completed updates. Let's schedule your tour today!

More Information MLS# 24001508

Contract Info

Sub-Type: Single Family Detached MLS List Date: 2024-01-19 Status: Active List Price: $3,650,000 Current Price: $3,650,000

Location, Tax & Legal

Tax Map #: 6040900075 Street #: 5508 Street Name: Palm Street Suffix: Boulevard County: Charleston State: SC Zip Code: 29451 Area: 44 - Isle of Palms Tax District: 24 - City of Isle of Palms Subdivision: None Elementary School: Sullivans Island Middle School: Moultrie High School: Wando Legal Description: LOT 1 TRACT A BLK C Directions: From Mount Pleasant: Take IOP Connector over intracoastal. Turn left at light onto Palm Blvd. Follow to stop sign and turn right. Pass Wild Dunes on your left. Continue. Home is on the right near the end of the road.

General Property Info

Bedrooms: 8 Primary Bedroom – Main Level: No Baths - Full: 7 Baths - Total: 7 Ground Level: No Stories: 4 Primary Structure Apx SqFt: 4795 Ownership: Fee Simple Year Built: 2002 Acreage: 0.24 Other Structures Y/N: No Potential Short Sale: No C/R: No Lease Purchase: No HOA Fee: No Auction: No

Tax/Fees

Special Assessment: No Taxes: 41210 Regime Fee: No

Office/Member Info

Buyers Agency Compensation: 2.5 Buyers Agency Compensation Type: %

Property Features

SqFt Source: Previous Listing SF Detached Style: Traditional Lot Description: 0 - .5 Acre; Beach Access; Corner Lot; Level Misc Exterior: Balcony; Elevator Shaft; Fence - Vinyl; Fence - Wooden Enclosed; Lawn Irrigation; Pool - Elevated; Porch - Front Porch; Porch - Full Front; Porch - Screened; Rain Gutters; Special Yard Lights; Storm Windows; Workshop Roof: Architectural; Asphalt Shingle Exterior: Wood Siding Foundation: Elv. Construction Garage/Parking: 3 Car Garage Stories/Levels: 3 Stories Misc Interior: Ceiling - Smooth; Ceilings - 9'+; Elevator; Kitchen Island; Walk-In Closets; Window Treatments - All New Owned: Pre-Owned Rooms: Bonus; Family; Foyer; Game; Great; Laundry; Media; Office; Pantry; Study; Utility Primary Bedroom: Downstairs; Multiple Closets; Outside Access; Split; Walk-In Closets Cooling: Central Air Floors: Wood FP Desc/Location: One; Gas Connection; Gas Logs; Great Room; Living Room Equipment/Appliances: Disposal; Dryer; Garage Door Opener; Gas Cooktop; Gas Range; Microwave; Refrigerator; Washer Water/Sewer: Public Sewer; Public Water Heat: Electric Possession: At Closing; Tenants Rights Showing Instructions: Contact Listing Agent Utility Suppliers: Dominion Energy; IOP W/S Comm Special: Flood Insurance Amenities: Club Membership Available; Golf Membership Available; Trash; Walk/Jog Trails Proposed Financing: Any Assumable: No
Listing Office: Carolina One Real Estate
Last Updated: March - 25 - 2024
5508 Palm Boulevard, Isle of Palms, SC 29451- MLS# 24001508
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.

Broker Attribution: 843-779-8660

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