7 Abalone Alley, Isle of Palms, SC 29451

$3,300,000
Property Type: Residential Bedrooms: 7 Baths: 7.5 Square Footage: 5,691 Lot Size (sq. ft.): 13,068 Status: Active
Current Price: $3,300,000 List Date: 1/02/2025 Last Modified: 1/02/2025

Description

Presenting an extraordinary investment opportunity in the highly desirable gated community of Wild Dunes. This expansive property boasts over 5,600 square feet of luxurious living space, with a proven track record of strong rental income. Located on a quiet cul-de-sac, the house backs up to Palmetto Drive just across the street from the Citadel Beach Club and is just a short walk on your beach access path to the Isle of Palms' expansive white beaches. It is being sold fully furnished and ready to rent so smart investors can see immediate returns without the hassle of furnishing or decorating! This stunning elevated property features 7 spacious bedrooms, each with its own en suite bathroom, along with an additional half bath for guests. The first floor is dedicated to convenience and

Supplements: privacy, housing 6 of the bedrooms with en suite baths, as well as a laundry room. The second floor is designed for entertaining, boasting a large, well-appointed kitchen, a formal dining room, a spacious family room, and a game room complete with a pool table and shuffleboard table. Two sets of French doors lead to the elevated pool, complemented by a large deck with ocean views and a wet bar, creating an ideal space for outdoor relaxation and entertaining. The third floor serves as a private penthouse suite, offering a luxurious primary bedroom, a sitting area and a large bathroom with a garden jacuzzi tub and a walk-in shower. It has a private balcony with breathtaking views of the ocean. The ground floor garage provides parking for four cars and includes a dressing room with a shower located just off the beach access trail, perfect for rinsing off after a day at the beach. This property's robust rental history demonstrates its strong appeal to vacationers and large groups seeking a premier destination. With its exceptional amenities, expansive layout, and prime location in the sought-after Wild Dunes community, it has provided consistent rental income, helping your goal of value appreciation. Within the past 3 months, the owners have purchased and installed 3 new HVAC systems, replaced ductwork throughout the home, replaced the old lights to new LED canned lighting and installed new exhaust fans in all bathrooms. Last year, carpet was replaced in all bedrooms, a new cooktop with down draft was installed and the entire pool was refurbished. That included new equipment, replastered pool w/Krystalkrete Blue Quartz plaster, new LED light and new automation system w/salt cell & wireless capabilities. In 2021, the entire house was painted (exterior and interior), hurricane rated shutters were added, new washer/dryer and dishwasher were purchased, ceiling fans were replaced with new ones and two industrial size brand new water heaters were installed. All of this leaves you with plenty of time to enjoy the home and not worry about making improvements! Whether you're looking to expand your investment portfolio or own a stunning retreat in one of South Carolina's most desirable locations, this property offers an unparalleled combination of luxury, comfort, and financial opportunity. Don't miss this chance to secure a premier investment in Isle of Palms!

More Information MLS# 24031356

Contract Info

Sub-Type: Single Family Detached MLS List Date: 2024-12-29 Status: Active Start Showing Date: 2025-01-02 List Price: $3,300,000 Current Price: $3,300,000

Location Tax Legal

Tax Map #: 5711200112 Street #: 7 Street Name: Abalone Street Suffix: Alley County: Charleston State: SC Zip Code: 29451 Area: 45 - Wild Dunes Tax District: 24 - City of Isle of Palms Subdivision: Wild Dunes Elementary School: Sullivans Island Middle School: Moultrie High School: Wando Directions: Palm Blvd to Wild Dunes gate entrance

General Property Info

Bedrooms: 7 Primary Bedroom – Main Level: No Baths - Full: 7 Baths - Half: 1 Baths - Total: 7.5 Stories: 3 Primary Structure Apx SqFt: 5691 Ownership: Fee Simple Year Built: 2007 Acreage: 0.3 Other Structures Y/N: No Potential Short Sale: No C/R: Yes HOA Fee: Yes HOA Frequency: Annually HOA $: 936 Auction: No

Property Features

SqFt Source: Tax Records SF Detached Style: Traditional Lot Description: Cul-De-Sac; Ocean View Misc Exterior: Balcony; Deck; Lawn Irrigation; Outdoor Kitchen; Pool - Elevated; Porch - Front Porch; Some Storm Wnd/Doors; Storage Roof: Architectural Exterior: Cement Plank Attic Features: Access; Floored; Unfinished; Walk-In Attic Foundation: Elv. Construction Misc Interior: Ceiling - Cathedral/Vaulted; Ceiling - Smooth; Ceilings - 9'+; Elevator; Garden Tub/Shower; Kitchen Island; Walk-In Closets; Window Treatments - All New Owned: Pre-Owned Rooms: Family; Foyer; Game; Laundry; Mother-In-Law Suite; Pantry; Separate Dining Primary Bedroom: Ceiling Fan; Multiple Closets; Outside Access; Sitting Room; Two Primary Bedrooms; Upstairs; Walk-In Closets Cooling: Central Air; Electric Floors: Carpet; Ceramic Tile; Wood Heat: Central; Electric Possession: At Closing; Tenants Rights Showing Instructions: Contact Listing Agent Utility Suppliers: Dominion Energy; IOP W/S Comm Amenities: Cable TV; Club House; Club Membership Available; Dog Park; Gated; Golf Course; Golf Membership Available; Trash; Walk/Jog Trails Proposed Financing: Any Assumable: No Green Features: Energy Star Central Heat/Air
Listing Office: Adler Realty
Last Updated: January - 02 - 2025
7 Abalone Alley, Isle of Palms, SC 29451- MLS# 24031356
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