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$5,775,000

Beds
4
Baths
4.5
sq ft
3,000

1204 E Arctic Av, Folly Beach, SC 29439

1204 E Arctic Av

Folly Beach, SC 29439

  • 18 days on market
Praia House is uniquely positioned to offer a sublime beachside retreat that captures the very essence of barefoot luxury. Designed by Charleston's premier contemporary architect, Kevan Hoertdoerfer, the retreat's soaring walls of glass fill the entire home with natural light. The architect is known for his ''Home as Art'' philosophy and Praia House offers gallery-like space to display an owner's personal collection.The high ceiling indoor-outdoor layout was thoughtfully created for entertaining friends and family for intimate beach getaways. The expansive living, kitchen and dining space leads out to the covered lounge area overlooking the 45-foot infinity lap pool. The high-end kitchen and adjacent bar welcome home chefs and guests alike. Two master suites share stunning oceanviews and each has a spa-like bathroom. A bonus rooftop lounge area offers 360-degree views of Folly Beach, along with a vista of the island's famed waterway. Praia House has ample private parking and is walled and gated for added peace and tranquility.

Details

Property type

Single Family Residence

Est. home value

$1,500,404

Property condition

Under Construction
New Construction

Lot size

0.24 acres

Price per sq ft

$1,925

Year built

2024

Price History

08/30/2024
CTAR

CTAR #24021922

Listed
$5,775,000
+381.25%
05/02/2022
CTAR

CTAR #22011639

Sold
$1,200,000

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Moneyline Properties Llc

Loan start date

September 2021

Original loan amount

$980,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Future Advance Clause / Open End Mortgage, 1 year

Seller

Cattleya Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/17/2024 at 10:20 PM

Listing updated: 09/03/2024 at 1:41 PM

Listed by: Erin Spencer, Smith Spencer Real Estate Phone #: (843) 609-3979

MLS: CTAR #24021922

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