Folly Beach, SC 29439
- 7Beds
- 5Full Baths
- N/AHalf Baths
- 3,596SqFt
- 1975Year Built
- 0.36Acres
- MLS# 21004993
- Residential
- Single Family Detached
- Sold
- Approx Time on Market1 month, 6 days
- AreaFolly Beach
- CountyCharleston
- SubdivisionFolly Beach
Overview
Incredible opportunity to buy TWO oceanfront lots! Both lots are 52'x150' and are a real deal for $1,375,000.00 each. Even better, there is an existing structure that has 4 apartments with long term renters (month to month). The structure is dated and has needs TLC. The list price reflects the value of the lots but imagine the potential rental income of a 4-plex on the ocean. The 50% rule would be in effect for any improvements (no money has been spent towards the 50%). No problem building on these lots because the zoning rule of a 40' setback from the baseline still leaves plenty of room to build. Don't forget to take a look at the massive seawall near the dunes.
Sale Info
Listing Date: 02-26-2021
Sold Date: 04-02-2021
Aprox Days on Market:
1 month(s), 6 day(s)
Listing Sold:
3 Year(s), 16 day(s) ago
Original Asking Price: $2,500,000
Asking Price: $2,650,000
Selling Price: $2,500,000
Price Difference From Original:
Same as Original Price
Price Difference From Asking:
Reduced By $150,000
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: 5
Building Info
Levels: Two
Year Built: 1975
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Misc Ext: Deck
Exterior Features: Balcony, Stoop
Pool Private: No
Style: Traditional
Garage / Parking
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Green / Env Info
Interior Features
Interior Features: Ceiling - Smooth, Living/Dining Combo
Fireplace: No
Lot Info
Lot Size: 0.36
Lot Desc: 0 - .5 Acre, High
Lot Size Units: Acres
Lot Dimensions: 104x149
Acres: 0.36
Lot Sqft: 15681.599999
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: A
Stories: 2
Foundation: Slab
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Entry Location: Ground Level
View: No
Home Warranty: Yes
Habitable Residence: Yes
Room Info
Beds: 7
Sale / Lease Info
Sold Date: 2021-04-02T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Special Features
Sqft Info
Sqft: 3596
Unit Info
Utilities / Hvac
Water Source: Public
Heating: Yes
Heat: Electric
Water Sewer: Septic Tank
Cooling: Yes
Waterfront / Water
Water Front Features: Beach Front
Waterfront: Yes
Directions
Center Street Turn Left On E Arctic. House Is On The Right On The 8th Block.Courtesy of listing office Vacasa SC LLC
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